Investment hurdles cleared by government; seven projects worth 21,000 crore sanction
The government of current Prime Minister Narendra Modi has given his approval for the clearance of seven projects which are based on investment. The cost of the project is an expensive 21,000 crore. Out of all these investment projects, there are a few which have been pending for long. This is majorly because of the obstacles which range from environmental to financial issues.
Out of all of these, the oldest one is drawing board for a period of 30 years. This one is a kilometre railway of about 235 kilometres. This is enough to tap the second largest iron ore all over Chandigarh as well as making sure of the survival of the Bhilai Steel Plant. The sources of iron ore here are expected to finish off within a period of two years.
There are other red tape problems apart from the railway line which are operating a hydro electric project in the state of Sikkim itself. It is being operated since the year 2005. There is another highway which stretches about a 120 kilometres in the state of Karnataka. It is a iron ore processing plant which is run by the NDMC in Chhattisgarh.
Source – Vikas Dhoot, ET Bureau
approval for the clearance of seven projects, Investment hurdles cleared by government, seven projects worth 21000 crore sanction
