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42 stalled projects get clearance by Modi Govt


The central government is stepping to revive the investment climate, facilitating clearances for 42 stalled projects worth Rs 1.15 lakh crore since it presented the Budget for 2015-16.


  • In last nine months only 50 pending investment plans worth Rs 1.45 lakh crore were granted green signals through the project monitoring group (PMG) in the cabinet secretariat.
  • Highway projects account for half of the 42 projects whose pending clearances have been resolved by the PMG in the three months since the Budget.
  • Ten power generation and transmission projects with investments over Rs 72,000 crore have also got the green signal.
  • Three oil and gas projects have also got the nod, including Shell’s Rs 5,000 crore re-gasification plant in Kakinada.
  • Railway projects worth Rs 5,500 crore, including the Patna Ganga Rail-Road Bridge and a new 180 km rail line to evacuate coal from Chhattisgarh’s hinterland, are also now set for implementation with all outstanding nods secured.
  • Aditya Birla group firm Hindalco has also secured permissions for a Rs 13,200 crore aluminium smelter plant in Odisha’s Sambalpur district.

Source: ET

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