Lok Sabha Question No. 318 (UNSTARRED), answered on 2019-06-24
Subject: Stalled Projects
Ministry: FINANCE
Asked by: Rajiv Pratap Rudy

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 318

TO BE ANSWERED ON MONDAY, JUNE 24, 2019 / ASHADHA 3, 1941 (SAKA)

## Stalled Projects

## 318: SHRI RAJIV PRATAP RUDY:

Will the Minister of FINANCE be pleased to state:

- (a) whether there has been an increasing trend of public/ private sector projects being stalled over the last two years;
- (b) if so, the details thereof and the reasons therefor;
- (c) whether the Government has identified the sectors which have witnessed persistently high stalling rates and if so, the details thereof;
- (d) the details of reasons for declining trend of the private sector investment in India over the last two years; and
- (e) the details of measures taken by the Government to revive the stalled private projects especially in the key infrastructure sectors?

## ANSWER

## MINISTER OF FINANCE

## (SMT. NIRMALA SITHARAMAN)

(a) to (b): 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  Projects.  However, 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  Central Ministries/State Governments and project proponents.  So far, out of 1,038 projects considered by PMIC, issues in 615 projects (anticipated investments Rs.~22,34,805 Cr) have been resolved and issue of  125 projects  (anticipated  investment  Rs.~8,19,780  Cr)  required  no  further  action/intervention  from  PMIC. Out  of  these  740  Projects,  340  Projects  have  been  partly/fully  commissioned  with  actual  flow  of investments amounting to Rs.11.66 lakh crore (approx.) till 08.02.2019, while 238 projects worth Rs.8.5 lakh crore are in the pipeline. As on 12.06.2019, 298 projects (anticipated investment ~10,98,710 Cr.) are under consideration of PMIC.

(c):  The  projects  considered  by  PMIC  mainly  pertains  to  the  following  sectors,  as  detailed  in  the statement attached as Annexure 'A' : -

- (i) National Highways and Railways
- (ii) Civil Aviation and Shipping
- (iii) Petroleum and Natural Gas
- (iv) Chemicals and Fertilizers
- (v) Coal, Power and Mines
- (vi) Cement, Construction and Steel

(d) A Statement indicating details of Gross Fixed Capital Formation (GFCF) in the last three years is at Annexure 'B' , which shows an increasing trend of investment

- (e) A Statement indicating details of projects in which issues reported to PMIC have been resolved in key infrastructure sectors and those which are still under consideration of PMIC is at Annexure 'A' .

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Statement referred to in reply to part (c) & (e) of Lok Sabha Unstarred Question No.318 for 24.06.2019

Details of projects, in which issues reported to PMIC have been resolved and those that are still under consideration of PMIC (as on 18.06.2019)

| S.No.   | Sponsoring Ministry/ Department for the Project          | Projects in which issues have been resolved or require no further action   | Projects in which issues have been resolved or require no further action   | Projects in which issues are still under consideration   | Projects in which issues are still under consideration   |
|---------|----------------------------------------------------------|----------------------------------------------------------------------------|----------------------------------------------------------------------------|----------------------------------------------------------|----------------------------------------------------------|
|         |                                                          | No. of Projects                                                            | Anticipated Investment (Rs Cr.)                                            | No. of Projects                                          | Anticipated Investment (Rs Cr.)                          |
| 1.      | Power                                                    | 246                                                                        | 13,23,418                                                                  | 36                                                       | 2,05,944.20                                              |
| 2.      | Road Transport and Highways                              | 201                                                                        | 2,21,647                                                                   | 89                                                       | 1,83,025.18                                              |
| 3.      | Coal                                                     | 61                                                                         | 76,144                                                                     | 15                                                       | 69,971.25                                                |
| 4.      | Petroleum and Natural Gas                                | 52                                                                         | 3,72,319                                                                   | 16                                                       | 63,187.81                                                |
| 5.      | Railways                                                 | 42                                                                         | 77,555                                                                     | 115                                                      | 4,00,186.55                                              |
| 6.      | Steel                                                    | 42                                                                         | 4,45,568                                                                   | 10                                                       | 69,362.00                                                |
| 7.      | Shipping                                                 | 22                                                                         | 68,776                                                                     | 2                                                        | 1,322.36                                                 |
| 8.      | Commerce and Industry- DIPP                              | 20                                                                         | 38,755                                                                     | 3                                                        | 40,400.00                                                |
| 9.      | Commerce and Industry- commerce                          | 10                                                                         | 55,258                                                                     | 0                                                        | -                                                        |
| 10.     | Mines                                                    | 10                                                                         | 60,748                                                                     | 0                                                        | -                                                        |
| 11.     | Housing and Urban Affairs                                | 8                                                                          | 1,98,515                                                                   | 2                                                        | 12,974.00                                                |
| 12.     | New and Renewable energy                                 | 6                                                                          | 15,416                                                                     | 3                                                        | 12,641.00                                                |
| 13.     | Chemicals and Fertilizers - Fertilizers                  | 5                                                                          | 23,728                                                                     | 2                                                        | 20,600.00                                                |
| 14.     | Civil Aviation                                           | 5                                                                          | 43,884                                                                     | 0                                                        | -                                                        |
| 15.     | Department of Electronics and Information Technology     | 2                                                                          | 2,100                                                                      | 0                                                        | -                                                        |
| 16.     | Chemicals and Fertilizers - Chemicals and Petrochemicals | 1                                                                          | 9,000                                                                      | 0                                                        | -                                                        |
| 17.     | Communications and Information Technology - Telecom      | 1                                                                          | 1,000                                                                      | 0                                                        | -                                                        |
| 18.     | Food Processing Industries                               | 1                                                                          | 10,000                                                                     | 0                                                        | -                                                        |
| 19.     | Health and Family Welfare                                | 1                                                                          | 5,960                                                                      | 1                                                        | 6,000.00                                                 |
| 20.     | Home Affairs                                             | 1                                                                          | 2,230                                                                      | 1                                                        | 4,394.00                                                 |
| 21.     | Science and Technology                                   | 1                                                                          | 280                                                                        | 0                                                        | -                                                        |
| 22.     | Textiles                                                 | 1                                                                          | 1,285                                                                      | 0                                                        | -                                                        |
| 23.     | Tourism                                                  | 1                                                                          | 1,000                                                                      | 0                                                        | -                                                        |
| 24.     | Department of Atomic Energy                              | 0                                                                          | -                                                                          | 1                                                        | 1,583.00                                                 |
| 25.     | Heavy Industries and Public Enterprises- DHI             | 0                                                                          | -                                                                          | 1                                                        | 1,554.00                                                 |
| 26.     | Water Resources                                          | 0                                                                          | -                                                                          | 1                                                        | 5,565.00                                                 |
| Grand   | Total                                                    | 740 #                                                                      | ~30,54,585                                                                 | 298                                                      | ~10,98,710.35                                            |

Statement referred to in reply to part (d) of Lok Sabha Unstarred Question No.318 for 24.06.2019

## Gross Fixed Capital Formation (GFCF) at Current Prices

(Rs. In crore)

| Year              | 2015-16   | 2016-17   | 2017-18   |
|-------------------|-----------|-----------|-----------|
| Private Corporate | 16,34,504 | 16,91,720 | 19,19,398 |
| Household         | 12,95,848 | 15,94,090 | 17,53,963 |

## Gross Fixed Capital Formation (GFCF) at 2011-12 prices

(Rs. In crore)

| Year              | 2015-16   | 2016-17   | 2017-18   |
|-------------------|-----------|-----------|-----------|
| Private Corporate | 14,42,981 | 14,71,543 | 16,31,460 |
| Household         | 11,41,628 | 13,93,605 | 14,84,327 |

*Source: Statement 7.1 & 7.2, Press Note on First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation 2017-18, published on 31.01.2019

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