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CCI will soon have powers to overrule meaningless objections on mega projects: Montek Singh Ahluwalia

By Religare
|
CCI will have powers to overrule meaningless objections
Cabinet Committee on Investment will soon have powers to over-rule "meaningless objections" to mega infrastructure projects so that they are cleared in "one go", Planning Commission Deputy Chairman Montek Singh Ahluwalia said according to PTI.
 

"The UPA government is going to empower the CCI on this front after it has been recommended by cell in CCI on fast track projects, exceeding investments of Rs 1,000 crore," Ahluwalia said at 'Infrastructure Conclave 2013: Fast Tracking Stalled Projects', organised by PHD Chamber. He said: "CCI...needs to be empowered with an option to overrule meaningless objections on infrastructure related ministries on one pretext or the other which arise out of petty issues so that stalled projects are cleared in one go.

"What India needs today is neutral experts in the area of environment and forests especially and not activists."

Ahluwalia added that neutral experts equally weigh the pros and cons of mega projects and make fair recommendations while activists, especially those on environment-related fields, generally tend to insist on stalling projects that are already half way through.

Ahluwalia said that in the next six months Indian industry will witness faster clearances of mega projects as government is actively considering suggestions to empower CCI with over-ruling powers.

Dion Global Solutions Ltd.

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