Search Your Queries Related To Trilegal

Update

Energy & Infrastructure: Legal Milestones Financial Year 2020-21 And A Look Ahead

14 Apr 2021

Realstate Project Image
Various policy initiatives and regulatory changes brought in by the government in the financial year 2020-21 are hoped to have a positive impact and pave the way for greater investment opportunities in the energy and infrastructure sector in India in the year ahead.

THE YEAR THAT WAS

With the black swan impact of the COVID-19 pandemic, much like other sectors, the Indian energy and infrastructure sector was affected to a great extent. The pandemic disrupted the supply chain and derailed project development, with several projects being delayed or postponed. Various structural reforms were proposed by the government to combat the slow growth rate of renewable energy generation and ease investment norms for the infrastructure sector.

With an aim to achieve a USD 5 trillion economy by the Financial Year (FY) 2024-25, the government is currently working towards implementing the National Infrastructure Pipeline (NIP) which envisages total project capital expenditure in infrastructure in India at approximately INR 111 trillion (approximately USD 1.56 trillion) from 2020 to 2025, in various sectors including energy, roads, urban development, railways, rural and social infrastructure. Recently, during the second review meeting of the NIP, it was highlighted that despite the pandemic, the NIP has managed to achieve substantial progress and has now been expanded to include more than 7,300 projects against 6,835 projects when it was launched in 2019. At present, projects worth INR 44 trillion (approximately USD 619 billion) out of the INR 111 trillion (approximately USD 1.56 trillion) are in the implementation phase and projects worth INR 22 trillion (approximately USD 309 billion) are in the developmental phase. The NIP’s progress so far augurs well for the future of the Indian infrastructure sector.

Download PDF to read more

Subscribe to our Knowledge Repository

If you would like to receive content directly in your inbox from our knowledge repository, please complete this subscription form. This service is reserved for clients and eligible contacts.







    Disclaimer

    Under the rules of the Bar Council of India, Trilegal is prohibited from soliciting work or advertising in any form or manner. By accessing this website, www.trilegal.com, you acknowledge that:

    • You are seeking information about Trilegal of your own accord and there has been no form of solicitation, advertisement or inducement by Trilegal or its members.
    • This website should not be construed as providing legal advice for any purpose.
    • All information, content, and materials available on this website are for general informational purposes only.
    • Any information obtained or material downloaded from this website is completely at the user’s volition, and any transmission, receipt or use of this website is not intended to, and will not, create any lawyer-client relationship.
    • Information on this website may not constitute the most up-to-date legal or other information. Trilegal is not liable for the consequences of any action taken by any person based on any material or information available on this website, or for any inaccuracy in or exclusion of any information or interpretation thereof.
    • Readers of this website or recipients of content or information available on this website should not act based on any or all such content or information, and should always seek advice of competent legal counsel licensed to practice in the appropriate jurisdiction.
    • Third party links contained on this website re-directing users to such third-party websites should neither be construed as legal reference / legal advice, nor considered as referrals to, endorsements of, or affiliations with, any such third party website operators.
    • The communication platform provided on this website should not be used for exchange of any confidential, business or politically sensitive information.
    • The contents of this website are the intellectual property of Trilegal.

    We prioritize your privacy. Before proceeding, we encourage you to read our privacy policy, which outlines the below, and terms of use to understand how we handle your data:

    • The types of information we collect and why we collect them.
    • How we use your information to provide a personalized experience.
    • The measures we take to ensure the security of your data.
    • Your rights and choices in managing your personal information.
    • How we may share information with trusted partners for specific purpose.

    For more information, please read our terms of use and our privacy policy.

    Up arrow