FM Called for Re-Thinking of Financial and Development Priorities to Strengthen Infrastructure

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Finance Minister has called for re-thinking financing and development priorities for inclusive, sustainable, and resilient infrastructure aligned with Sustainable Development Goals (SDGs). Adopted in 2015, SDGs are the world’s shared plan to end extreme poverty, reduce inequality, and protect the planet by 2030.

“FM emphasized India’s policy-led approach of open, rule-based and transparent economic environment; encouragement to private investment and foreign capital; enhanced public expenditure and robust institutional structure for funding infrastructure development for Resilient Recovery,” the Finance Ministry said in a series of tweets.

Further, the Finance Minister has also highlighted the setting up of the National Bank for Financing Infrastructure and Development, National Infrastructure Pipeline, National Monetisation Pipeline, liberalized FDI, development of GIFT City to promote Infrastructure Development, incentivize private partners and innovation.

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