Home » Govt forms group to monitor stalled projects

Govt forms group to monitor stalled projects

Govt forms group to monitor stalled projects

Rajiv Takru, Secretary, Financial Services department of the union finance ministry informed that the government formed a special group headed by an officer in the Cabinet Secretariat to monitor each of the stalled projects.

He exuded confidence that the economy will recover from the current slowdown in the next three-six months.

Owing to reasons like administrative delays, lack of environment clearances, 215 projects are stalled at various stages of implementation. Investments worth Rs 7-lakh crore are stuck.

Another 126 projects, which have been approved, are yet to take off. Investments in these projects are worth Rs 3.5-lakh crore.

Some of these projects will soon see the light of day. That there have been administrative hurdles in getting these project off ground is “disappointing,” he said.

Comments

Leave a Reply

Your email address will not be published.