India's infra chief

It is raining good news for held up infrastructure projects as Anil Swarup, Head, Project Monitoring Group (PMG), announced clearances for 152 mega projects with investment close to Rs 5.3 lakh crore. These projects have finally started to translate into investments, which are certain to revive the industrial demand and employment in the country. An analysis of the 113 projects cleared by Swarup's PMG - a part of the cabinet secretariat - showed that against an investment intention of Rs 3.7 lakh crore, Rs 3.3 lakh crore has already been invested. This cash flow is not only expected to relieve promoters from financial pressure or plan new investments, but will also generate the demand for machinery and equipment. Kudos to Swarup!