Lok Sabha Question No. 4105 (UNSTARRED), answered on 2016-12-09
Subject: Proposal for Investments
Ministry: FINANCE
Asked by: RAJU ALIAS DEVAPPA ANNA SHETTI

## Government of India Ministry of Finance Department of Economic Affairs

## LOK SABHA

## UNSTARRED QUESTION No. 4105 TO BE ANSWERED ON FRIDAY, THE 9 th  DECEMBER, 2016

## PROPOSAL FOR INVESTMENTS

## 4105. SHRI RAJU SHETTY:

## Will the Minister of FINANCE be pleased to state:

- a) the  number of proposals of large investment which the Cabinet Committee on Investment has cleared since its notification;
- b) the  number  of  investment  proposals  still  pending  and  the  reasons  for  their pendency;
- c) the total investment both domestic and foreign in infrastructure projects in the last three years;
- d) whether there has been a decline in the investments compared to previous years; and
- e) if  so,  the  reasons  therefor  and  the  steps  taken  by  the  Government  to  boost investments in infrastructure sector?

## ANSWER

## MINISTER OF STATE FOR FINANCE & CORPORATE AFFAIRS (SHRI ARJUN RAM MEGHWAL)

- (a) & (b): As per information received from the Project Monitoring Group (PMG), set up  in  Prime  Minister's  Office  with  a  view  to  putting  in  place  an  institutional mechanism to track stalled projects, both in the public and private sectors involving investment of Rs.1000 crore or more, or any other critical projects in sectors such as  infrastructure,  manufacturing,  etc.,  issues  pertaining  to  468  projects  with  an investment of Rs 16.78 lakh crore have been resolved. 258 projects, in sectors such as  coal,  civil  aviation,  mines,  petroleum,  power,  roads,  etc,  are  pending  as  on 05.12.2016  for resolution of issues at different levels, for want  of various clearances, land, etc.
- (c)  &  (d):  Details  of  the  on-going  central  sector  infrastructure  projects  are  given below:-
- (e):  Government  has  taken  steps to  mobilize  funds  from  various  sources  for development  of  infrastructure including establishment  of Infrastructure  Debt Funds,  issuing  guidelines  for  creation  of  Real  Estate/Infrastructure  business trusts,  relaxation  in  External  Commercial  Borrowing  (ECB)  and  Foreign  Direct Investment  (FDI)  norms,  encouraging    of  Public  Private  Partnerships  (PPPs)  in infrastructure, issuing a Harmonized List of Infrastructure, establishing  the India Infrastructure  Finance  Company  Limited  (IIFCL)  etc.  Government  is  also  taking various additional steps to increase investment in infrastructure including through public  investment,  establishing  a  fund  that  can  leverage  its  equity,  reviewing  the sharing of risks in PPP projects, etc.

|   Sr No | Period           |   Total no. of projects | Sanctioned cost (Rs in Crore)   |
|---------|------------------|-------------------------|---------------------------------|
|       1 | As on 31.03.2014 |                     710 | 9,24,307.04                     |
|       2 | As on 31.03.2015 |                     751 | 10,28,235.95                    |
|       3 | As on 31.03.2016 |                    1076 | 12,38,517.07                    |
|       4 | As on 30.09.2016 |                    1174 | 14,46,253.04                    |

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