India introduced National Infrastructure Pipeline (NIP) in December 2019
Union Finance Minister Nirmala Sitharaman on Friday stated that India has dedicated budgetary sources for resilient infrastructure and is within the technique of organising a nationwide financial institution for funding infrastructure investments. Participating in a digital session organised by the Coalition of Disaster Resilient Infrastructure (CDRI) right here, she stated creating institutional buildings, massive thrust on monetising belongings and enhancing the share of capital expenditure in central and state budgets have been three concrete steps taken by the federal government for constructing infrastructure.
She lauded the CDRI and its companions throughout member organisations for organising the International Conference on Disaster Resilient Infrastructure 2021. “India supports international collaboration on Disaster Resilient Infrastructure,” she stated.
The minister stated India has adopted a two-pronged technique and whereas International Solar Alliance is in line with international agenda of local weather change mitigation, catastrophe resilience and adaptation is being addressed by means of the Coalition for Disaster Resilient Infrastructure.
She stated India introduced National Infrastructure Pipeline (NIP) in December 2019 and it’s the first-of-its-kind, whole-of-government train ever undertaken by the central authorities. The session was attended by Ambassador of Japan Satoshi Suzuki, High Commissioner of the UK Alex Ellis, Ambassador of European Union Ugo Astuto and Administrator of USAID Gloria Steele
