Explore PPP mode for viable projects, Sitharaman tells ministries

Explore PPP mode for viable projects, Sitharaman tells ministries

Sitharaman says enhanced CAPEX will play a critical role in revitalising post-pandemic economy. Budget for Financial Year 2021-22 provided a capital outlay of Rs 5.54 lakh crore but these efforts must be complemented by PSEs, says FM

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Finance Minister Nirmala SitharamanFinance Minister Nirmala Sitharaman
BusinessToday.In
  • Jun 11, 2021,
  • Updated Jun 11, 2021 8:41 PM IST

Finance Minister Nirmala Sitharaman, in her meeting on infrastructure road map on Friday, directed ministries to front-load capital expenditure and achieve more than their CAPEX targets. She also asked ministries and CPSEs to ensure clearance of MSMEs' dues at the earliest, and told them to explore Public Private Partnership (PPP) mode for viable projects.

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The FM said enhanced CAPEX will play a critical role in revitalising the post-pandemic economy. The Budget for Financial Year 2021-22 provided a capital outlay of Rs 5.54 lakh crore, a sharp increase of 34.5per cent over the Budget Estimate of 2020-21, she said, adding that these efforts must be complemented by the Public Sector Enterprises.

She said infrastructure expenditure is not just the Centre's budgetary expenditure on infrastructure and also includes infrastructure spending by states and private sector, and government expenditure through extra-budgetary resources.

She said ministries must work on getting projects funded through innovative structuring and financing, and provide all support to the private sector for enhancing infrastructure spending.

Finance Minister Nirmala Sitharaman, in her meeting on infrastructure road map on Friday, directed ministries to front-load capital expenditure and achieve more than their CAPEX targets. She also asked ministries and CPSEs to ensure clearance of MSMEs' dues at the earliest, and told them to explore Public Private Partnership (PPP) mode for viable projects.

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The FM said enhanced CAPEX will play a critical role in revitalising the post-pandemic economy. The Budget for Financial Year 2021-22 provided a capital outlay of Rs 5.54 lakh crore, a sharp increase of 34.5per cent over the Budget Estimate of 2020-21, she said, adding that these efforts must be complemented by the Public Sector Enterprises.

She said infrastructure expenditure is not just the Centre's budgetary expenditure on infrastructure and also includes infrastructure spending by states and private sector, and government expenditure through extra-budgetary resources.

She said ministries must work on getting projects funded through innovative structuring and financing, and provide all support to the private sector for enhancing infrastructure spending.

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