The government gave regulatory clearances to three mega infrastructure projects involving an investment of Rs 25,000 crore. These are the first among a few projects the government has shortlisted to be put on a fast track.
The projects cleared include Hinduja National Power Corporation in Vishakhapatnam, L&T Metro Rail (Hyderabad), and Simhapuri ExÂpressÂÂways in Andhra Pradesh. These had been held up because of regulatory bottlenecks.
The first review meeting was taken by the finance minister in October, in which 12 projects worth Rs 1.7 lakh crore were discussed. In the last meeÂting, 12 more projects worÂth Rs 37,000 crore with investments in the range of Rs 1,500-5,000 crore were discussed. The government will take up projects worth Rs 1,000-1,500 crore in the next review meeting.
Leave a Reply
You must be logged in to post a comment.