The recently set up Cabinet Committee on Investments (CCI) will study the implementation of critical proÂjects including the procedures involved in their clearance or reÂfusal and the delays such projects are facing. The panel would monitor the clearance or refusal process for infrastructure and manufacturing sector projects costing more than Rs 1,000 crore. The panel would also proÂpose steps that are required for expeditious approval of such projects including simplifying rules and look at measures that will promote investment and economic growth, reports indicate.
The CCI was set up to accord single-window approval to mega projects of over Rs 1,000 crore. The Cabinet Secretariat in an order earlier detailed the functions of the panel which will identify projects in sectors like infrastruÂcture and manufacturing for their time-bound implementation. The Cabinet-panel will also decide on simplification of rules and procedures followed by ministries of forest and environment for grant of expeditious clearances in identified sectors.
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