Critical small projects too will get CCI push
These inputs, along with those already being compiled by the statistics ministry, will then be regularly passed to the Cabinet secretariat. The updated inputs to the CCI will also include those collected by the National Manufacturing Competitiveness Council (NMCC) through its Investment Tracking System that keeps a tab on all PSU projects with investments of over R1000 crore.
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,
Be the first to comment.