India in process of setting up national bank for funding infrastructure investments: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Friday said that India has committed budgetary resources for resilient infrastructure and it is in the process of setting up a national bank for funding infrastructure investments. 

She was speaking at a virtual session organised by Coalition of Disaster Resilient Infrastructure (CDRI) in New Delhi yesterday, Ms Sitharaman cited three  concrete steps taken by India in building infrastructure. They are creating institutional structures, big thrust on monetising assets and enhancing share of capital expenditure in central and state budgets. She said, India announced National Infrastructure Pipeline (NIP) in December 2019 and is the first-of-its-kind,



whole-of-government exercise ever undertaken by the  Government. 

She said, the government has also adopted a two-pronged strategy including International Solar Alliance which is in step with global agenda of climate change mitigation and Disaster resilience and adaptation which is being addressed through the Coalition for Disaster Resilient Infrastructure. 

She also lauded the CDRI and partners across member organisations for organising the International Conference on Disaster Resilient Infrastructure 2021 and said that India supports international collaboration on Disaster Resilient Infrastructure.