<p>The Centre has launched the National infrastructure Pipeline (NIP) under which it has planned to invest Rs 111 lakh crore on infra projects by 2024-25, Union Road Transport and Highways Minister Nitin Gadkari has said.</p>.<p>"The NIP is a first of its kind exercise to provide world-class infrastructure across the country and improve the quality of life for all citizens," he said addressing an event virtually.</p>.<p>Keeping with Prime Minister Narendra Modi’s vision of making India a $5 trillion economy in the next five years, the government is targeting to invest Rs 25 lakh crore in the road sector, he said.</p>.<p>Two major highway projects – Amritsar-Ajmer and Delhi-Amritsar-Katra - worth Rs 65,000 crore were also being planned, he said.</p>.<p>The minister added that the government is committed to providing a favourable environment and a transparent policy framework for investors and that he is confident that India will become a major global investment destination.</p>.<p>Several reforms introduced by the government including reduction of corporate tax rates, 100% tax exemption to investors, and implementation of GST have positioned India as a competitive market in the world, particularly in terms of ease of paying taxes, he said.</p>.<p>"The Government is also planning to expand the contribution of the MSMEs from the current 30% to 40% of the GDP,” Gadkari added.</p>
<p>The Centre has launched the National infrastructure Pipeline (NIP) under which it has planned to invest Rs 111 lakh crore on infra projects by 2024-25, Union Road Transport and Highways Minister Nitin Gadkari has said.</p>.<p>"The NIP is a first of its kind exercise to provide world-class infrastructure across the country and improve the quality of life for all citizens," he said addressing an event virtually.</p>.<p>Keeping with Prime Minister Narendra Modi’s vision of making India a $5 trillion economy in the next five years, the government is targeting to invest Rs 25 lakh crore in the road sector, he said.</p>.<p>Two major highway projects – Amritsar-Ajmer and Delhi-Amritsar-Katra - worth Rs 65,000 crore were also being planned, he said.</p>.<p>The minister added that the government is committed to providing a favourable environment and a transparent policy framework for investors and that he is confident that India will become a major global investment destination.</p>.<p>Several reforms introduced by the government including reduction of corporate tax rates, 100% tax exemption to investors, and implementation of GST have positioned India as a competitive market in the world, particularly in terms of ease of paying taxes, he said.</p>.<p>"The Government is also planning to expand the contribution of the MSMEs from the current 30% to 40% of the GDP,” Gadkari added.</p>
