Media reports suggest that the Prime Minister-led Cabinet Committee on Investment (CCI) would meet today for the first time after it was set up to provide single window clearance to mega industrial and infrastructure projects.
It may be recalled that several projects in the road, power, steel, oil and gas and other sectors are delayed because of myriad of statutory clearances.
Reports suggest that the panel, which enjoys supremacy over individual ministries, is set to give one-stop approvals for many of the 25 big power projects stuck for want of environmental clearances or fuel linkage at its first meeting.
These include projects of Adani Power, Tata Power, the Jaypee Group, DB Power and Indiabulls, among others. The 25 held-up power projects have a combined bank exposure of over Rs 125,000 crore.
The CCI would also discuss the issue of the “no-go” tag assigned by the defence ministry to 14 offshore oil and gas blocks including the Reliance Industries-BP combine’s KG-D6 field and the gas discovery area NEC-25.
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