The Telegraph
Sunday , January 5 , 2014
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PMO man to review stalled projects

Ranchi, Jan. 4: The chairman of a project monitoring group under the aegis of the prime minister’s office will be in Ranchi on Monday to hear from industrialist about the status of proposed investments in Jharkhand where a number of big ticket projects in mining and steel sectors are hanging fire.

Anil Swarup, an additional secretary rank IAS officer who is heading the project monitoring group in the Cabinet secretariat in the PMO, will be attending an “Industry Roundtable” being organised by Confederation of India Industry (CII) at a city hotel.

The objective, according to a CII communique, is to tackle the challenges being faced by industrialists in Jharkhand plagued by extremism and political instability.

CII’s Jharkhand chapter head Rahul Singh said they have invited several companies of the state, including those whose projects were pending or had been stalled because of clearances or land issues.

Sources said industry secretary Vandana Dadel had also been invited, but she was yet to confirm her presence.

Only a few big-ticket projects, MoUs for which were signed between 2003 and 2007, have been launched in the state in recent past while proposals from the likes of ArcelorMittal, Tata Steel, JSW, JSPL, Essar, Bhushan Power & Steel, among others, had made little progress on ground.

Jharkhand signed 100 MoUs in the steel, power and other sectors with a cumulative investment proposal of over Rs 3 lakh crore. Of these, about 30 MoUs were cancelled.

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