Initial numbers flowing into the cabinet secretariat suggest that nearly 90 per cent of the investment in large projects, which were held up and have now been cleared, have materialised. An analysis of the 113 projects cleared by the Project Monitoring Group (PMG) housed in the cabinet secretariat shows that against investment intention of Rs 3.7 lakh crore, Rs 3.3 lakh crore has already been invested.
Anil Swarup, who heads the PMG, had said that so far, 152 mega projects with investment of close to Rs 5.3 lakh crore have been cleared. The group, which was set up to work with other ministries to remove last-mile hurdles, has received data for 113 projects.
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