FE@CAMPUS MASTERMIND: Response by Anand P Gautam to question for Jan 14-20

Economic development is sustainable by investment but development at the Cost of environment is not sustainable.

The above statement clearly signifies the need of balancing economic development and environment conservation equally. India has slowly picked up pace for industrial and urban development. A large number of industrial, commercial, housing and other infrastructural projects have come up in every part of the country.

By taking advantage of the alarming level of corruption in bureaucracy and lack of policy and guidelines for implementing the project, many projects have breached all laws of sustainable development. Major destruction is caused to the environment by many projects for e.g. illegal mining, encroachment of forest areas, pollution of rivers etc. Keeping notice of this situation, government has made it mandatory for all such projects to get environment clearance from environment ministry. But the lumbering pace of work in the ministry as well as noncompliance

of procedures by the proposed project has made it difficult to get early clearance.

Due to which more than 300 developmental projects are pending for clearance. This has led to common notion among the investors that investing in India is not fruitful and hence, they are not ready to invest for future projects. It has become obvious that if environment clearances are not given, investors will remain shy of investing in India.

So, Let us find the root cause which has made it so difficult to get

... contd.