Likely soon: green nod for projects worth Rs 80,000 cr

This will be the first set of stranded investments that the government will take up for consideration.

Written by Priyadarshi Siddhanta | New Delhi | Published:May 30, 2014 1:58 am
Prime Minister Narendra Modi. Prime Minister Narendra Modi.

The Narendra Modi government plans to give, over the next two days, environmental clearances for Rs 80,000 crore worth of projects. This will be the first set of stranded investments that the government, which was sworn in on May 26, will take up for consideration.

The 28 projects include those of SAIL and Rashtriya Ispat Nigam in the public sector, and those of Aditya Birla Group companies Essel Mining and Grasim in the private sector, sources in the environment ministry said.

All these projects had got stuck at various stages of approvals, both at the Centre and with state governments. They are now expected to be cleared without their having to travel to the Cabinet Committee on Investment set up by the previous UPA government to fast-track project clearances.

Minister of State (Independent Charge) for Environment Prakash Javadekar on Thursday promised to ensure “fast clearances” to these projects, but in a transparent manner. He said quick decision making would ensure that the government overcomes the policy paralysis of the previous government on environmental issues.

“We will strike the right balance in conserving ecology and according approval to projects,” Javadekar said. On the table of the environment ministry’s Expert Appraisal Committee are SAIL’s 1 million-tonne per annum pellet plant at its Dalli-Rajhara mines in Chhattisgarh, and the expansion of the marquee Bhilai steel plant and of its captive power project. These projects will release an estimated investment of Rs 19,000 crore.

Essel Mining plans to more than double the capacity of its iron ore mine at Koira in Orissa’s Sundargarh district to 4 MT from the current 1.5 MT. A 1.2-MT pellet plant of the company will also be considered by the panel. These two projects entail a likely investment of over Rs  9,000 crore.

The EAC will also consider a limestone mine of Grasim Industries Limited, spread over 251 hectares in Raipur. A slew of proposals from pharma companies, including approval for their feedstock inputs and fuel, too will come before the panel.

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  1. A
    Adarsha
    Dec 29, 2016 at 1:34 pm
    Indian express
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    1. v
      v.ramaswamy Ramaswamy
      May 30, 2014 at 2:46 am
      poor jayathi. what abt her tax. Don't green color projects without Jayanthi tax, such an insult.
      Reply
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        prakash jawdekar
        Jun 1, 2014 at 10:50 am
        In my opinion this will be one of the best decision in direction of development of India.
        Reply
        1. E
          eps
          Jun 1, 2014 at 8:19 am
          Disaster waiting to happen in the name of development, and most of these for the profit of corporates and something which cannot be undone. when will our politicians look for long term solutions to problems rather than quick-fixing things. Somehow word "development'' is used so often by the political cl to create illusion in the minds of citizens that people fail to look at the long term disastrous effects. Development is important, there is no denying on that, but is it so difficult to give environmental issues a priority whenever planning is done for any major project. The environmental costs are never taken into consideration and are not even shown or highlighted by any media, probably because the media is also owned by corporates. only God can save this country from the nexus of politicians and businessmen.
          Reply
          1. E
            eps
            May 31, 2014 at 2:34 pm
            Disaster waiting to happen in the name of development, and most of these for the profit of corporates and something which cannot be undone. when will our politicians look for long term solutions to problems rather than quick-fixing things. Somehow word "development'' is used so often by the political cl to create illusion in the minds of citizens that they fail to look at the long term disastrous effects. The environmental costs are never shown by any media, probably because the media is also owned by corporates. only God can save this country from the nexus of politicians and businessmen.
            Reply
            1. E
              eps
              Jun 4, 2014 at 7:02 am
              no clue
              Reply
              1. I
                Ismail Khan
                May 31, 2014 at 6:46 am
                a good decision, it should be transperent and accountable to the nation, but it should not be at the loss to the nation
                Reply
                1. C
                  Chaganti Bhaskar
                  May 31, 2014 at 4:35 am
                  Dear sir, first look into Green electrical generation , then go further where is the electricity to support the Industries. Again prices will rise and remember you have just 5 years. If you forget green electricity then this is your choice. Wake up before it is too late
                  Reply
                  1. p
                    piyush2
                    May 30, 2014 at 1:32 am
                    It seems India's liquidation of its natural resources and environment has started in the race to unsustainability with west and China. India in the ancient times (where there was no such thing as GDP) was considered a golden country at a stable level of prosperity that was not based on unsustainable consumption of natural resources and hence it continued for centuries but the current attempt is based on orienting the economy towards rapid material consumption based on unsustainable (non renewable) energy and mineral consumption by a potion that has quadrupled (about 1200 million) since 1970s (when it was 300 million or so) while the amount of land has remained the same. The world has enslaved itself to an unsustainable economic system that believes that the only way to "progress" is endless GDP growth, which is not possible on a finite planet that is already in significant overshoot.
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                      Citizen
                      May 30, 2014 at 12:23 am
                      Why these things are pending in the first place????? Is it because the previous rulers are more interested in sycophancy rather than attending to their jobs????? Good luck of many an Indian hope the industrialization of the nation would pick up and unemployment would vanish soon. Jaihind
                      Reply
                      1. V
                        VINOD@KIR
                        May 31, 2014 at 11:09 am
                        no one can stop India to become super power now because we are having superman as Namo
                        Reply
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