In order to boost business sentiments in a slowing economy, the Cabinet Committee on Investment (CCI) has cleared infrastructure projects worth Rs 1.83 lakh crore including 18 power projects that were stuck due to delay in clearance. The 18 power projects worth Rs 83,773 crore, which were stuck due to lack of fuel linkages, will sign coal supply agreements with Coal India by September 6.
The banks have already disbursed as much as Rs 30,000 crore for these power sector projects. Besides this, the CCI cleared hurdles for projects like Reliance Power's 4,000 MW ultra mega power project at Sasan in Madhya Pradesh, L&T's Metro Rail project in Hyderabad, Essar Power's Jharkhand project and Hindalco Industries project. The Cabinet Committee on Investment (CCI) has also set a 60- day deadline for ministries to clear various infrastructure projects in the power, coal and highways sectors.
Country’s infrastructure development is crucial to boost the economy’s growth and thus the government has recently set up the Cabinet Committee on Investments (CCI) to clear the bottlenecks holding back mega infrastructure projects. For the 12th Five Year Plan (2012-17), the government has set the $1-trillion investment target for the infrastructure sector. Further, in order to speed up the implementation of infrastructure projects, the government has also set up special cell, special project monitoring group, which is meant to supplement CCI's efforts and has been tasked with monitoring the progress of projects cleared by CCI.
The banks have already disbursed as much as Rs 30,000 crore for these power sector projects. Besides this, the CCI cleared hurdles for projects like Reliance Power's 4,000 MW ultra mega power project at Sasan in Madhya Pradesh, L&T's Metro Rail project in Hyderabad, Essar Power's Jharkhand project and Hindalco Industries project. The Cabinet Committee on Investment (CCI) has also set a 60- day deadline for ministries to clear various infrastructure projects in the power, coal and highways sectors.
Country’s infrastructure development is crucial to boost the economy’s growth and thus the government has recently set up the Cabinet Committee on Investments (CCI) to clear the bottlenecks holding back mega infrastructure projects. For the 12th Five Year Plan (2012-17), the government has set the $1-trillion investment target for the infrastructure sector. Further, in order to speed up the implementation of infrastructure projects, the government has also set up special cell, special project monitoring group, which is meant to supplement CCI's efforts and has been tasked with monitoring the progress of projects cleared by CCI.
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