Government Sets up Task Force to Identify National Infrastructure Projects Worth Rs. 100 Lakh Crore For FY 2019-20 – FY 2024-25; Head : Economic Affairs Secretary

Government Sets up Task Force to Identify National Infrastructure Projects Worth Rs. 100 Lakh Crore For FY 2019-20 – FY 2024-25; Head : Economic Affairs Secretary

• The Ministry of Finance has constituted a 6-member inter-ministerial Task Force to draw up plans for building infrastructure worth Rs 100 lakh crore ($1.4 trillion) over the next five years, beginning from FY 2019-20 to FY 2024-25.
• The task force will be headed by Department of Economic Affairs (DEA) Secretary, Atanu Chakraborty.
• The plan named as “National Infrastructure Pipeline” would include both greenfield and brownfield projects, costing above Rs 100 crore each.
• The move is part of the government’s plan to achieve the GDP of $5 trillion by 2024-25.
• The Task Force would identify technically feasible and financially viable infrastructure projects that can be initiated in FY 2019-20 and also list the projects that can be included in the pipeline for each of the remaining 5 years between FY2021-25.

Members of the Task Force

1. Secretary, DEA – Chair
2. CEO, NITI Aayog or his nominee – Member
3. Secretary, Department of Expenditure, Ministry of Finance or his nominee – Member
4. Secretary of the Administrative Ministry – Member
5. Additional Secretary (Investment), Department of Economic Affairs – Member
6. Joint Secretary, Infrastructure Policy & Finance Division, DEA – Member Secretary