PM's monitoring group clears projects worth Rs 4.30 lakh crore

November 10, 2013 12:41

The Prime Minister's Project Monitoring Group, set up to track stalled large investment projects, has cleared 128 projects worth over Rs 4.30 lakh crore so far.

Of this, PMG has given priority to troubled projects from the power sector and has resolved all issues on 94 projects, entailing an investment of over Rs 3.80 lakh crore, data available on its website showed.

Besides, issues in 34 projects of oil and gas, railways, steel, roads and highways, shipping, civil aviation and mines have also been resolved. They involve investments of over Rs 50,000 crore.

In total, it has so far compiled a list of 378 stalled projects for want of various types of clearances, entailing investments over Rs 17.23 lakh crore.

The PMG was set up in June, after a high level meeting chaired by the Prime Minister, to facilitate and work for resolving specific issues of the projects and fast tracking them.

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