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India’s Water Infra to Need IND 18.5 Trillion Funding over 15 Years

Infra News - Published on Fri, 19 Jul 2019

Image Source: IamRenew
India’s new infrastructure frontier isn’t highways, airports or smart cities. It’s water. After all, the massive investment involved in planning and rolling out the government’s promise to deliver piped water to all rural homes by 2024, amid shortages, is the pre-eminent challenge before the country. The natural resource finds a mention in the Union budget, in NITI Aayog’s dire predictions of metros running dry and, now, in the calculations of private sector infrastructure players looking to make a buck.

A report by Bank of America Merrill Lynch, estimates that India needs to pump in USD 270 billion over the next 5-15 years to meet its ambitions of piped water supply to all homes by 2024, cleaning the Ganga, interlinking rivers to redirect water to water-scarce regions and irrigation projects.

Brokerage firm JM Financial said that the government’s Nal Se Jal scheme for piped water supply alone will need INR 6.3 trillion in investment. In her budget speech, finance minister Nirmala Sitharaman said the Jal Shakti Ministry-which will combine the operations of the erstwhile water resources, river development and Ganga rejuvenation ministries-will work with states to ensure every rural house gets piped water by 2024.

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Posted By : Sanju Moirangthem on Fri, 19 Jul 2019
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