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Govt to clear hurdles in project implementation

Govt to clear hurdles in project implementation

The government would clear bottlenecks hindering implementation of over 340 projects, including 125 new projects, Panning Commission Deputy Chairman Montek Singh Ahluwalia informed.

These projects are struck mainly because of lack of regulatory clearances, shortage of fuel, land acquisition problem etc. These issues need to be addressed at political levels, he said.

The Cabinet Committee on Investment (CCI) has dealt with environment related issues and several projects have moved forward, he remarked. Over the next five-six weeks, he expects problems related to a large number of projects being resolved.

Recently, Finance Minister P Chidambaram said he identified 215 projects which for one reason or another are stalled.

Worried over the growing number of stalled projects, the government had set up the high-powered CCI, under Prime Minister Manmohan Singh, to clear the bottlenecks holding back mega projects.

Chidambaram said recently that the CCI would ease stringent conditions imposed by defence ministry on 31 other oil and gas blocks in the coming days.

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