Ficci seeks implementation details of projects cleared by CCI

Image
Press Trust of India New Delhi
Last Updated : Dec 25 2013 | 7:20 PM IST
Industry chamber Ficci has sought details from the government about the "actual progress" of the mega infrastructure projects cleared by Cabinet Committee on Infrastructure (CCI).
"We have asked for the details as to what is the actual progress on the ground. We hope to get some information and feedback. Because we (would be) encouraged to know see what has happened on the ground. Want them to show the evidence," Ficci President Sidharth Birla told PTI.
He was replying to a question regarding the impact on ground of the decisions taken by the CCI on mega infrastructure projects.
"I am not saying that we believe them or disbelieve them but they are the best people to know what has happened. Because only they can tell what decision they have taken and whether they have been implemented or not...We should get some feedback," he added.
Cabinet Secretary Ajit Kumar Seth has recently said that the CCI has cleared 287 stalled projects worth Rs 5.5 lakh crore and 250 such projects worth Rs 10 lakh crore would be approved soon.
The government had set up the CCI in January with a view to fast-track project clearances. The CCI has had 11 meeting since its inception.
It is expected that the project clearance by the high powered CCI headed by Prime Minister Manmohan Singh will improve in investment climate and boost the sagging growth which dipped to a decades low of 5 per cent in 2012-13.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 25 2013 | 7:20 PM IST

Next Story