Budget 2020: Over 100 lakh crore to be invested in National Infrastructure; says Sitharaman

Highlighting Prime Minister’s Statement in the Independence Day Speech 2019, that Rs. 100 lakh Crore would be invested on infrastructure over the next 5 years, Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget 2020-21 in Parliament on Saturday said “As a follow up measure, I had launched the National Infrastructure Pipeline on 31st December 2019 of Rs 103 lakh crore. It consists of more than 6500 projects across sectors and are classified as per their size and stage of development.”

The Finance Minister further said, that the National Skill Development Agency will give special thrust to infrastructure-focused skill development opportunities and that a huge employment opportunity exists for India’s youth in construction, operation and maintenance of infrastructure.

The Union Budget proposed to set up a project preparation facility for infrastructure projects. This programme would actively involve young engineers, management graduates and economists from our Universities.

The Budget also proposed to direct all infrastructure agencies of the government to involve youth-power in start-ups.

The Finance Minister also proposed A National Logistics Policy, to be released soon and this would clarify the roles of the Union Government, State Governments and key regulators and create a single window e-logistics market and focus on generation of employment, skills and making MSMEs competitive.