The finance ministry will compile a list of projects that can be offered to foreign governments that have pledged billions of dollars in investment. This could be the Narendra Modi government´s version of the project monitoring group set up by its predecessor to get stalled infrastructure development moving again.
The list preparation will be led by the finance ministry in consultation with the PMO. Infrastructure ministries will be asked to submit the list of projects which can be both old or new ones. China and Japan have already pledged investments worth $55 billion over the next five years. In August, the United Arab Emirates (UAE) promised $75 billion after Modi´s two-day visit to the country.Countries such as South Korea and Australia have agreed to invest around $10 billion each in various sectors.
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