To augment India's infrastructure and create jobs, the government has launched Rs 103 lakh crore infra projects and will release a logistic policy soon, besides accelerating highways construction, Finance Minister Nirmala Sitharaman said on Saturday.
Presenting the Union Budget in Parliament, Sitharaman said Rs 1.7 lakh crore has been provided for transport infrastructure in 2020-21.
The minister said Rs 103 lakh crore projects, under the National Infrastructure Pipeline (NIP), was launched in line with Prime Minister Narendra Modi's announcement of Rs 100 lakh crore infrastructure investment in five years.
"The prime minister announced Rs 100 lakh crore investment in infrastructure in next five years. NIP was launched on December 31, 2019 with Rs 103 lakh crore project pipeline...These new projects include housing, safe drinking water, clean energy, health, modern railway, airport, metro bus, logistics ...," she said in her budget speech.
Sitharaman said: "NIP is improving the ease of living for every citizen. Generic and sectoral reforms are there...There is huge employment opportunity in construction, operation and maintenance of projects."
Disclaimer: No Business Standard Journalist was involved in creation of this content