Projects worth Rs 5.5 lakh-cr to be commissioned in FY10: CMIE

Various projects entailing an investment of Rs 5.5 lakh-crore will be commissioned in the current fiscal in India and 40 per cent of these will come from the public sector, CMIE Managing Director and Chief Executive Officer Mahesh Vyas said today.

"Fiscal 2009-10 is scheduled to see projects worth Rs 5.5-lakh crore of investments getting commissioned," Vyas said here.

In the previous fiscal, Rs 2.7 lakh crore worth of projects were commissioned. It was Rs 1.9 lakh crore in 2007-08, he said.

Among the projects to be commissioned in the current fiscal, majority would be in the power sector, Vyas said.

Union Power Minister Sushil Kumar Shinde today said that the government is eyeing add 5,653 MW generation capacity in its 100-day programme, of which 2,300 MW is already in place.

CMIE, in its monthly review of the Indian economy for June, had said that many projects to be completed in 2009-10 are likely to get commissioned towards the end of the year.

"Thus, the demand for capital goods is likely to be high and capital formation growth is expected to be high," CMIE had said.