22 January, 2020
4 Min Read
Syllabus subtopic: Infrastructure: Energy, Ports, Roads, Airports, Railways etc.
Prelims and Mains focus: about the details of the project and its significance; Ports of India, About National Infrastructure Pipeline (NIP)
News: An inter-ministerial panel has approved a Ministry of Shipping proposal for deepening and optimisation of inner harbour facilities of the Paradip Port Trust.
Details of the project
About the Paradip Port
Initiatives taken by the govt. in Infrastructure sector
About National Infrastructure Pipeline (NIP)
It is estimated that India would need to spend $4.5 trillion on infrastructure by 2030 to sustain its growth rate. The endeavour of the National Infrastructure Pipeline (NIP), is to make this happen in an efficient manner.
Funding: The central government and state governments would have an equal share of 39% each in the NIP. The private sector, on the other hand, would have 22% share which the government expects to increase to 30% by 2025.
Need for infrastructure funding:
Seaports in India
Source: Indian Express
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