PM’s panel clears projects worth R5 lakh crhttps://indianexpress.com/article/business/business-others/pms-panel-clears-projects-worth-r5-lakh-cr/

PM’s panel clears projects worth R5 lakh cr

Set up last year, PM’s Monitoring Group has so far cleared 147 projects.

Prime Minister’s Project Monitoring Group (PMG), set up last year to fast track projects by resolving specific issues, has cleared 147 projects worth Rs 5 lakh crore, Anil Swarup, chairman PMG said on Wednesday.

“PMG has facilitated clearance to 147 projects worth about Rs 5 lakh crore in which more than 200 issues, including environmental and forest clearances, were involved,” Swarup said at an event organised by CII.

He added that as per industry figures, in 100 out of 147 projects, Rs 3.1 lakh crore investment has been made while the projects entail a total investment of Rs 3.8 lakh crore. Most of these projects relate to coal and the PMG has facilitated signing of fuel supply agreements between power firms and coal companies for about 70,000 MW, out of the targeted 78,000 MW.

Stressing on the digitisation of the clearance process, Swarup said that not only will it ensure speedy approvals, “it will further facilitate getting various stakeholders at the ground level for early resolution of the issues”.

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“First we have taken digitisation process with ministry of environment and forest and are discussing with other ministries including mines. Hopefully, we will be rolling out by July 1. We are not changing any process so we are not going to attract Election Commission’s attention. We are tracking the files,” Swarup said.

The PMG has identified over 435 stalled projects worth around Rs 20 lakh crore, stalled for years. As many as 13 states have already decided to set up similar PMGs. “We have told states that we are ready to share the portal with them and they can start monitoring the projects below Rs 1,000 crore,” Swarup said.

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