Ficci bats for CCI clearance of 50 projects

The list of projects Ficci pushing for clearances from various ministries include investments worth Rs 56,265 crore in metals, Rs 8,000 crore in mining

Federation of Indian Chambers of Commerce and Industry (Ficci) has submitted a list of over fifty delayed projects to the cabinet secretariat which may see an investment of about Rs 2.89 lakh crore to be considered for clearance at Cabinet Committee on Investments (CCI).

The list of projects that Ficci is pushing for clearances from various ministries include investments worth Rs 56,265 crore in metals, Rs 8,000 crore in mining, Rs 1,48,868 crore in power, Rs 21,150 crore in oil and gas, Rs 53,237 crore in roads and highways and other projects of Rs 1,500 crore.

All the projects have investments above Rs 1,000 crore.
 

“Ficci is hopeful of clearance of these projects through CCI which will stimulate investment activity in the country and will remove uncertainty surrounding these projects,” the industry body said.

In terms of number, maximum numbers of projects were in roads & highways (20); followed by Power (17); metal (6); Oil & Gas (5) and mining (4).

^{Table: Projects facing delays as of May 2013}

Sector	Amount of Investment Involved (Rs crore)
Metals	56,265
Mining	8,000
Power	1,48,868
Oil & Gas	21,150
Roads, Highways	53,237
Others	1,500
Total	2,89,020