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A government task force has projected total investment of ?111 lakh crore in infra projects over five years, to augment infrastructure and create jobs in the country the Finance Ministry has said. The final report of the task force on National Infrastructure Pipeline (NIP) for 2019-2025 

presented to Finance Minister Nirmala Sitharaman suggested steps like deepening bond markets, setting up of development financial institutions and land monetization to meet the funding needs, the ministry said in a statement.

The task force was set up following Prime Minister Narendra Modi Independence Day speech of 2019 where he alluded to an investment of ?100 lakh crore in infrastructure. Headed by Economic Affairs Secretary Atanu Chakraborty, the task force in its final report has suggested setting up for three committees for monitoring, implementation, and funding of infrastructure projects.

The task force in its initial report released in December had projected an investment of ?102 lakh crore in various projects to be implemented in the next five years.

The final report of the NIP Task Force is projecting total infrastructure investment of ?111 lakh crore during the period FY 2020-25 in light of additional/amended data provided by Central Ministries/State Governments since the release of summary NIP Report, it said. 

"Out of the total expected capital expenditure of ?111 lakh crore, projects worth ?44 lakh crore (40 percent of NIP) are under implementation, projects worth ?33 lakh crore (30 percent) are at conceptual stage and projects worth ?22 lakh crore (20 percent) are under development 

Information regarding project stage is unavailable for projects worth ?11 lakh crore (10 percent)," it said.

Sectors such as energy (24 percent), roads (18 percent), urban (17 percent) and railways (12 percent) amount to around 71 percent of the projected infrastructure investments in India, it said.

The Centre (39 percent) and States (40 percent) are expected to have an almost equal share in implementing the NIP in India, followed by the private sector (21 percent), it said. "The final report identifies and highlights recent infrastructure trends in India as well as global in all sectors of infrastructure. It also captures sector progress, deficits, and challenges. In addition to updating existing sectoral policies, the Final Report also identifies and highlights a set of reforms to scale up and propel infrastructure investments in various sectors throughout the country," it said. NIP is a first-of-its-kind, whole-of-government exercise to provide world-class infrastructure across the country and improve the quality of life for all citizens.

It aims to improve project preparation, attract investments (both domestic and foreign) into infrastructure, and will be crucial for the target of becoming a USD 5 trillion economy by FY 2025, it said. The report also has suggested ways and means of financing the NIP through deepening Corporate Bond markets, including those of Municipal Bonds, setting up Development Financial Institutions for the infrastructure sector.