environment clearance for projects. We can discover that Nations across the globe are following very stringent norms for conserving environment and still investors are investing. So the question for us is that despite having less stringent laws and ample opportunities for business, why are investors varying of investing in India. The answer to this million dollar question is hidden inside the project files and proposals kept in government offices waiting for approval. Even after abiding by all the norms and following each and every rule, many important projects are delayed due to widespread corruption in the approval system. Projects which were considered innovative and profitable during their birth stage become obsolete by the time they are implemented due to delay in approvals. On many occasion development project are struck between the political motives of various stakeholders.
Lobbying by competitors is a widely discussed issue in blocking big projects. Another major reason for the delays getting clearance is lack of communication between various government agencies and departments. Also, Lack of awareness and understanding sometimes plays major role in blocking modern project. Wide spread corruption has reached every corner of the country and if measures are not taken to bring this menace to death, then neither any investment nor any environment clearance certificate can save India from age of darkness.
(This entry is part of our FE MASTERMIND contest. The views expressed in this article are personal and not that of the newspaper.)