304 Plans Worth Rs 12,75,877 cr Stuck

  • Led by the Prime Minister’s pet project, GIFT City, as many as 304 projects involving an investment of Rs 12,75,877 crore remain stalled with the Project Management Group (PMG).
  • According to latest information, top 100 stalled projects — mostly in the power, steel, railways and petroleum sectors — account for the lion’s share of investments at Rs 10,41,281 crore.
  • The government had informed Parliament on July 30, 2015 that 315 stalled projects are being handled by the Project Monitoring Group for speedy resolution of bottlenecks.