Environmental clearance has been given to 190 projects, entailing an investment of Rs 6.31 lakh crore across sectors like mining and steel during June-December as part of the National Democratic Alliance (NDA) government´s policy to fast-track industrial development and generates jobs.
The projects that have been approved belong to both public and private sectors and the clearances are subject to mitigation measures being undertaken by these firms.
The policy paralysis of the scam-battered erstwhile United Progressive Alliance (UPA) government had held up several big-ticket projects leading to a shrinking of capital investment and the economy slowing down to a sub-five-per cent growth rate. The companies that have been granted environmental clearances include India Cements and UltraTech Cement for cement projects, ONGC and Cairn India for oil and gas exploration and Rungta Mines for a steel project.
Govt gives green nod to 190 projects worth Rs.6.31 lakh cr
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