Home » CCI clears projects worth over $27 bn since January

CCI clears projects worth over $27 bn since January

CCI clears projects worth over $27 bn since January

According to government data, the Cabinet Committee on Investments (CCI), which is headed by Prime Minister Manmohan Singh, helped clear projects worth investments of over $27 billion since it was set up in January.

Some observers want the CCI to focus on all the projects instead of focusing on only selected projects.

In an interview to a leading media, Naina Lal Kidwai, President of FICCI said the committee must shed its current approach of intervening only in selected projects.

She suggested that the committee must streamline the procedure for granting administrative clearance for all projects.

While land acquisition and environmental clearances are well-known hurdles for manufacturing and infrastructure investments, India Inc faces several other procedural delays at the central and state levels.

These include delays in grant of prospecting and mining licences, shifting of utilities, transfer of Railways land, security clearances from the ministries of home affairs and defence, among others.

This is important to instill confidence in the investor community as any serious investor looks for a simplified and stable regulator environment, she added.

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