The
Government of India has decided to set up an Investment Tracking System to
ensure speedy implementation of major investment projects in the country.
A
format has been developed for monitoring such projects in the private sector
and under Public Private Partnership (PPP) and is available at the department's
website
Promoters
of the projects, where the proposed investment is Rs 1,000 crore and above, are
requested to provide details of their projects along with reasons behind delay.
This
information may also be updated on a monthly basis. The department is
separately working on developing a web-based system for the monitoring of such
projects which will enable the stakeholders in updating the status on
a regular basis.
Large
projects in the country are being delayed due to various reasons including land
issues, fuel supply shortage and environmental clearances.
The
country's poor infrastructure, which is seen as a major bottleneck for economic
growth, requires an estimated investment of a whopping $ 1 trillion in the 12th
Plan (2012-17). Of this, 50 per cent is expected to come from the private
sector.
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