CII seeks national redressal board to clear infra bottlenecks
Agencies: New Delhi, Dec 01 2012, 22:03 IST
the task as an alternative.
Besides, Reserve Bank of India's definition of non- performing assets (NPAs) in the infrastructure sector needs to be redefined as start date of a project often gets pushed back due to delays in obtaining numerous government approvals. On the other hand, banks start counting payment schedules from the originally envisaged date, he said.
CII also suggested that an overhaul of ports sector and setting up a new regulatory authority for the sector are required to boost investments through public-private partnership (PPP) mode.
It also asked for fixing responsibility of the government machinery in case of delays on their side, so that deadline of executing a project can be met.
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