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What are Stalled Projects? How are they dealt? (Relevant for GS Prelims & Mains Paper III; Economics)

Project Monitoring-Invest India Cell
The Government of India has set- up a Project Monitoring-Invest India Cell (PMIC), earlier known as Project Monitoring Group, for resolving of issues and fast tracking the setting-up and expeditious commissioning of large Public, Private and Public-Private Partnership (PPP) Projects.

Stalled Projects
There is no prescribed criterion for classifying a project as a Stalled Project. The primary focus of PMIC is on expediting the approvals for clearances from Central and State Authorities for setting-up of projects. PMIC does not distinguish between a ‘stalled’ or an ‘under implementation’ Project in accepting a project for resolution of its issues.       

PMIC has been monitoring the resolution of a variety of issues brought before it by the Central Ministries/State Governments and project proponents. So far, out of 1,038 projects considered by PMIC, issues in 615 projects have been resolved.

(Source:http://pib.nic.in/PressReleseDetail.aspx?PRID=1575487&RegID=3&LID=1)



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