Cabinet Committee on Investment (CCI) to Fast Track Implementation
of High End Projects
Minister for Finance , Sh P Chidambaram in his Budget speech in
Lok Sabha today said that revival of investment in the industrial sector,
especially manufacturing, is a key challenge. Many projects are stalled because
they are unable to clear regulatory hurdles. The Cabinet Committee on
Investment (CCI) has been set up to monitor investment proposals as well as
projects under implementation, including stalled projects, and guided
decision-making in order to remove bottlenecks and quicken the pace of
implementation. Two meetings of the CCI have been held already and decisions
were taken in respect of a number of oil and gas, power, and coal projects. CCI
will take up some more projects shortly.
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