Tuesday, October 8, 2013

Infra Projects in Red tape.

Projects worth over Rs. 7 lakh crore which is equivalent to almost half of the government spending in the current financial year are held up in the absence of environmental & forest clearances, land & fuel, putting strain on the creaky infrastructure in the country and becoming an obstacle for an economy, striving to get into a high growth trajectory. Power has most held- up projects (worth Rs. 5.39 lakh crore ) followed by roads ( Rs. 1.22 lakh crore ) Delays in road sector are due to land acquisition. We need to learn from China as to how to push up the speed of implementation. We may even take judiciary into confidence and proceed to avoid delays from any quarters.

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