Presenting the Union Budget in Parliament, Sitharaman said Rs 1.7 trillion has been provided for transport infrastructure in 2020-21
To augment India’s infrastructure and create jobs, the government has launched Rs 103 trillion infra projects besides providing about Rs 1.70 trillion for transport infrastructure and accelerating highways construction, Finance Minister Nirmala Sitharaman said on Saturday.
Presenting the Union Budget 2020-21 in Parliament, Sitharaman said focus is on infrastructure for economic development and 6,500 projects across sectors under National Infrastructure Pipeline (NIP) envisions ease of living for citizens. “In his Independence Day speech 2019, Prime Minister had highlighted that Rs 100 trillion would be invested on infrastructure over the next 5 years. As a follow-up measure, I had launched the NIP on December 31, 2019 of Rs 103 trillion. It consists of more than 6500 projects across sectors and are classified as per their size and stage of development,” she said.
About Rs 22,000 crore has already been provided, as support to Infrastructure Pipeline, she added. Terming the budget growth-oriented, Road Transport and Highways Minister Nitin Gadkari said it has given a massive boost to investment in infrastructure, which in turn would help revive industrial production and generate employment opportunities, crating more that 2 crore jobs.
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