Finance Minister Nirmala Sitharaman on Tuesday unveiled Rs 102 lakh crore of infrastructure projects that will be implemented in the next five years as part of the government's spending push in the infrastructure sector.
Addressing a press conference, she said Prime Minister Narendra Modi had in his Independence Day speech spoken of investing Rs 100 lakh crore in infrastructure.
Subsequently, a task force identified Rs 102 lakh crore worth of projects after conducting 70 stakeholder consultations in a short period of four months, she said.
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FM Sitharaman said that private sector's share in national infra pipeline stood at 22% in 2019, which wouldrise to 30% by 2025.
Infrastructure has been a focus in the last six years and a total of Rs 51 lakh crore (5%-6% of the GDP) has been spent on infra in this period. We are now committing Rs 105 lakh crore for the next five years: FM Nirmala Sitharaman.
FM Sitharaman's Rs 102lakh crore national infra pipeline is in line with PM Modi’s vision of the $5-trillion economy by 2024.