Over Rs 100 lakh crore to be spent under National Infrastructure Pipeline Project; 7,000 projects identified: PM Modi

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Over Rs 100 lakh crore to be spent under National Infrastructure Pipeline Project; 7,000 projects identified: PM Modi


NEW DELHI: Prime Minister

Narendra Modi

said on Saturday that India has done well in containing the coronavirus pandemic and announced that Rs 100 lakh crore will be spent under the National Infrastructure Pipeline Project to boost the sagging economy.

Addressing the nation on the 74th Independence Day from

Red Fort

, the Prime Minister said there is a need to give a new direction to the overall infrastructure development to move India towards modernity at a fast pace and National Infrastructure Pipeline Project will help achieve the goal.

Independence Day 2020: Live UpdatesHe said the government has identified 7,000 infrastructure projects to offset the economic impact of the pandemic.

“There is a need to give a new direction to the overall infrastructural development of the country to move India towards modernity at a fast pace. This need will be met through the National Infrastructure Pipeline Project,” he said.

He said the time has come to eliminate silos in infrastructure development and a big plan has been prepared for multi-modal connectivity infrastructure.

“Now the era of eliminating silos in infrastructure has come. For this, a very big plan has been prepared to connect the entire country with multi-modal connectivity infrastructure,” he said.

The National Infrastructure Pipeline (NIP) project will play a crucial role in pulling the country out of the

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