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Govt clears projects worth over Rs 96,000 cr in April-Sept

Our Bureau

New Delhi , Oct. 7

THE Government has cleared projects worth involving an outlay of more than Rs 96,000 crore during April-September.

The projects are in a wide variety of sectors including power, steel, coal, textiles, an official spokesperson said here on Friday.

The fresh proposals likely to come up before the Public Investment Board and the Expenditure Finance Committee are the 50 aircraft fleet acquisition plan of Air India and projects relating to modernisation of coal mines.

Similarly, in the power sector alone, seven hydro projects capable of generating 1,070 mw of power and involving an investment of Rs 9,721.84 crore have been recommended while five transmission projects worth Rs 5,963.24 crore have been recommended.

"The clearance procedures for plans, schemes and projects have been put on the fast track by the Ministry of Finance. There is zero pendency of cases before them," the official said.

In the steel sector, expansion of Rashtriya Ispat Nigam Ltd at Vizag from 3 million tonnes to 6.3 million tonnes at a cost of Rs 8,259 crore was taken up, while in the ports sector the large projects cleared include the Sethusamudram ship channel project with an investment of Rs 2,427.20 crore and acquisition of two very large crude carriers and two capesize bulk carriers of 1.7 lakh DWT (deadweight tonnage) each by the Shipping Corporation of India.

In the textile sector, the Jute Technology Mission involving an investment of Rs 355.55 crore and the scheme for integrated textile parks valued at Rs 625 crore were taken up.

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