Projects worth Rs 5.7 lakh crores successfully resolved by the project monitoring group says Mr. Swarup

“The Government of India has set up a project monitoring group to fast track projects worth Rs 1,000 crores. The group tasked with the job of clearing 449 projects worth Rs 22 lakh crores has successfully resolved 163 projects worth Rs 5.7 lakh crores”, said Mr. Anil Swarup, IAS, Additional Secretary & Chairman, Project Monitoring Group, Cabinet Secretariat, Government of India during an interactive meeting on “Investor after Care” jointly organised by MVIRDC World Trade Centre and All India Association of Industries. The performance of the project monitoring group is measured in terms of economic activity generated by the group such as power generated, productivity achieved or services created, Mr. Swarup stated.

Elaborating on the working of the project monitoring group Mr. Swarup said timely implementation of projects is the sole criteria of the group. For the purpose the group has adopted digitalisation by creating a national portal. The portal receives problems faced by the industry which is automatically sent across concerned Ministries. The transparent flow of information ensures immediate action on the part of the Government while restricting unfair practices such as corruption and ensuring accountability in the system.

Also, the project monitoring group periodically meets central and state officials to discuss and disperse pending proposals.

Pointing out to the various research studies prepared by industry and trade bodies Mr. Swarup said that the studies merely mention the predicament of the economy. However, the studies lack a road map to address the dilemma facing the economy. It is necessary that the research studies also mention practical and amicable solutions to the issues pertinent to the economy.

Enumerating on the future activities of the project monitoring group Mr. Swarup said firstly the group intends to form an interstate web portal to fast track state projects in the range of Rs 100 crores to Rs 1,000 crores. Secondly, an independent grievance portal for Ministry of Forestry has been created. Going forward, the group shall be replicating the same for Ministries of Environment, Mining and Coal.

In his concluding remarks Mr. Swarup said that the Indian economy has been at a helm of global affairs with a new, promising and vibrant Government. India is a paramount importance for foreign investors. Displaying ease of doing business with India with an able and efficient IT application is the agenda for the project monitoring group.

Earlier, in his welcome remarks Mr. Vijay Kalantri, President, All India Association of Industries said that Indian administration is in the hands of a new and stable Government which has targeted high growth rates for the economy. The capital sparse Indian economy has huge potential for drawing investments in the sectors such as technology, health, education to name a few. Also, the economy looks forward to investing US$ 1 trillion in infrastructure sector. However, a major hindrance in the growth of the economy is that polices initiated by the Government do not percolate to the desk level. Hence, the setting up of the project monitoring group which stipulates timelines will go a long way in generating domestic and foreign investments for the economy. Foreign investors are likely to be drawn from across US, European Union, Japan and Korea if India displays ease of doing business.

Capt. Somesh Batra, Vice-Chairman, MVIRDC World Trade Centre proposed the vote of thanks.

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From (L-R): Capt. Somesh Batra, Vice Chairman, MVIRDC World Trade Centre Mumbai, Dr. Liu Youfa, Consul-General of the People’s Republic of China in Mumbai, Mr. Vijay Kalantri, President, All India Association of Industries,Mr. Anil Swarup, IAS, Additional Secretary & Chairman, Project Monitoring Group, Cabinet Secretariat, Government of India, Mr. Narinder Nayar, President, Indo-Italian Chamber of Commerce & Industry, Mr. Leszek Brenda, Consul General of the Republic of Poland in Mumbai, Ms. Rupa Naik, Executive Director, All India Association of Industries and Director- Projects, MVIRDC World Trade Centre during an interactive meeting on “Investor After Care” organised by MVIRDC World Trade Centre and All India Association of Industries.

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From (L-R): Mr. Anil Swarup, IAS, Additional Secretary & Chairman, Project Monitoring Group, Cabinet Secretariat, Government of India with Mr. Vijay Kalantri, President, All India Association of Industries during an interactive meeting on “Investor After Care” organised by MVIRDC World Trade Centre and All India Association of Industries.