Invest India, a national investment promotion and facilitation agency, on Wednesday signed a MoU with Singapore’s Infrastructure Asia to jointly work on capacity building and sharing of knowledge as India implements its USD 1.4 trillion National Infrastructure Pipeline (NIP).
India’s National Infrastructure Pipeline (NIP) is a first-of-its-kind, whole-of-government exercise to provide world-class infrastructure to citizens and improve their quality of life. It aims to improve project preparation and attract investments into infrastructure
“This MoU is targeted more at capacity building, sharing knowledge and making more introductions,” Invest India Vice President Rahul Agarwal told PTI. “This is more to learn from Singapore and broader Asia and likewise they can learn from us (India),” he said.
Infrastructure Asia, a Singapore based platform for infra players to discuss key issues, will bring the Singapore eco system into India and Invest India will act as facilitator into the country.
“We are actually becoming a bridge to connect Singapore’s eco system to that of India’s,” said Agarwal. He added: “We are trying to take it deeper and broader, especially from doing more technical work.” Agarwal exchanged the MoU with Infrastructure Asia Executive Director Lavan Thiru after the two-day infrastructure forum.
Agarwal also shared the progress on the USD 1.4 trillion for the NIP, saying, “We will complete this funding as we are working across the sectors.”
“We working on the highway Bharatmala Pariyojana program and constructing more than 10,000-km of highways every year.” On the renewable front, 125 GW has been delivered while 50-GW is under construction now.