The Department of Financial Services in the finance ministry is also monitoring nationally important large private sector projects in this regard by coordinating with public and private sector banks as well as industry bodies.
In the mean time, apprehensive over the effectiveness of the CCI, the industry has raised a demand for a separate infrastructure ministry.
Vinayak Chatterjee, head of the CII National Taskforce on Regulatory Framework in Infrastructure and Chairman, Feedback Infrastructure Services, said in order to meet the $1 trillion target of investment in infrastructure during the 12 th Five Year Plan period of 2012-17, it was important to set up a dynamic infrastructure ministry by combining different departments.
“CCI has been there for eight years and has not done much. NIB, as originally envisaged, would have been more effective. It is now time to set up an infrastructure ministry as done by countries such as Japan, Israel and France, for attracting investment as well as to sort out pre- and post-permission related issues,” he said.