The Prime Minister's Office (PMO) is focussing on investing Rs 20 lakh crore in more than 500 projects. The Project Monitoring Group (PMG) that works under the PMO has cleared 276 projects, stalled due to various reasons and accounting for investment of nearly Rs 10 lakh crore, in the last two years. Another 258 projects, with investment of more than Rs 10 lakh crore, will be cleared soon.
When the Modi Government came to power in 2014, there was an almost audible sigh of relief from the building and infrastructure sector. This was followed by a host of positive moves: The establishment of the National Investment and Infrastructure
With our global experiences and local credentials of Mumbai Metro Rail, Line One - as an operator - we are committed to strengthening our local footprint for the highly demanding and growing mobility sector in India.
By 2020, India is set to become the world's youngest country with 64 per cent of its population in the working age group. With the West, Japan and even China aging, this demographic potential offers India and its growing economy an unprecedented edge that economists believe could add a significant 2 per cent to the GDP growth rate.
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.
On May 16, the nation will wait with bated breath for a resolute verdict in anointing the new leader who will lead the country out of the morass. Industrial production is at an abysmal low, GDP is struggling to regain lost ground, tax collections have dropped, non-performing assets have mounted,
Both IPL and poll fever are their peak this month. The hustle and bustle at the hustings has put business on the back burner. Recently, six airport modernisation projects got deferred until after elections due to the election code.
The Prime Minister-´s Project Monitoring Group (PMG) was set up in June 2013 to fast-track clearances of stalled mega investment schemes. Now, the Ministry of Environment & Forests has given its consent for a proposal to extend the ambit of the PMG to projects of Rs 500 crore and above.