CCI may give go-ahead for several projects in three weeks: Montek

Written by Press Trust of India | Chennai | Updated: Mar 31 2013, 08:25am hrs
The Cabinet Committee on Investments, which was set up in January for clearing major infrastructure projects, is expected to give its nod for a number of projects within the next three weeks, Planning Commission deputy chairman Montek Singh Ahluwalia has said. My hope is that the Cabinet Committee on Investment in the course of next two to three weeks, will demonstrate that a number of (infrastructure) projects can get cleared, he said.

The Committee had met two or three times already, he said. His comments come close on the heels of the CCI in its first decision on March 20 clearing Reliance Industries' producing KG-D6 block and gas discovery area NEC-25. This was along with three other areas where the defence ministry had either barred oil and gas activity or put stringent conditions on it.

Talking about energy prices, Ahluwalia favoured aligning domestic energy prices with global energy prices. Domestic energy prices have to be more closely aligned to global prices. Very few of my political colleagues would find it easy to persuade their audiences. I have addressed group of MPs trying to make this point that in a world in which energy is expensive, you will be shooting yourself in the foot, by trying to keep energy cheap at home, he said.