In a move to boost the infrastructure development in the country and to enhance business sentiment in a slowing economy, the Cabinet Committee on Investment (CCI) headed by Prime Minister Manmohan Singh, has set a 60- day deadline for ministries to clear 36 mega infrastructure projects including 28 power plants that were stuck due to delay in sanctions.
The government had set up the CCI, to clear the bottlenecks holding back big infrastructure projects. Recently, the CCI cleared the proposal of setting up two hydro power projects in Arunachal Pradesh. The panel has so far cleared 171 projects worth Rs 1.69 lakh crore.
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 earlier by CCI.
Further, a web-based information system has also been put in place wherein firms can provide details of their project as well as the issues that are restraining smooth implementation of projects. Meanwhile, for the 12th Five Year Plan (2012-17), the government has set the $1-trillion investment target for the infrastructure sector.
The government had set up the CCI, to clear the bottlenecks holding back big infrastructure projects. Recently, the CCI cleared the proposal of setting up two hydro power projects in Arunachal Pradesh. The panel has so far cleared 171 projects worth Rs 1.69 lakh crore.
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 earlier by CCI.
Further, a web-based information system has also been put in place wherein firms can provide details of their project as well as the issues that are restraining smooth implementation of projects. Meanwhile, for the 12th Five Year Plan (2012-17), the government has set the $1-trillion investment target for the infrastructure sector.
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