Government has reviewed 20 large-scale infrastructure projects with issues enlisted for resolution, with the Project Monitoring Group on the 29th of June, 2021.
Among the projects reviewed, a few notable names are as follows:
Dedicated Freight Corridors along eastern and western routes will augment capacity of rail freight transportation and establish industrial zones at junction points
Amritsar Kolkata Industrial Corridor traverses through 7 States and facilitate development of industrial manufacturing in the influence region of Eastern Dedicated Freight Corridor
About Project Monitoring Group (PMG):
The Project Monitoring Group (PMG), Invest India is an institutional mechanism for the expedited resolution of issues and regulatory bottlenecks in projects with investments upward ₹ 500 Cr. in India.
It was set up as a special cell in the Cabinet Secretariat, Government of India in 2013 and was subsequently brought under the administrative control of the Prime Minister’s Office (PMO) in 2015.
Currently, PMG is situated at Invest India, Department of Industry and Internal Trade (DPIIT), Ministry of Commerce.
This relocation was enabled in order to create a one-stop facilitation destination for investors at all stages of the investment process, including issue resolution.
There are several projects from key sectors for which the PMG undertakes issue resolution.
The projects are largely from the infrastructural nature, however PMG accepts projects from all sectors, as long as they meet the threshold requirement.