Sitharaman: No criterion exists to distinguish between stalled projects and under implementation projects
Published: Jun 24, 2019
By TIOLCORPLAWS News Service
NEW DELHI, JUNE 24, 2019: Ms. Nirmala Sitharaman, the Union Minister of Finance & Corporate Affairs, today in a written reply to a question in Lok Sabha regarding status of stalled Public, Private and Public-Private Partnership (PPP) Projects, coneceded that currently there is no precribed criterion for classifying a project as Stalled Project.
To expediting the approvals for clearance from the Central and State Authorities for setting-up of projects, the Government has set-up a Project Monitoring-Invest India Cell (PMIC). Earlier known as the Project Monitoring Group, it was set up for resolving of issues and fast tracking the setting-up and expeditious commissioning of large Public, Private and Public-Private Partnership (PPP) Projects. The primary focus of the Cell is only to expedite the approval process and 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 (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.
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 (iv) Chemicals and Fertilizers
(ii) Civil Aviation and Shipping (v) Coal, Power and Mines
(iii) Petroleum and Natural Gas (vi) Cement, Construction and Steel
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.
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'.
Annexure - A
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 |
Projects in which issues have been resolved or require no further action No. of
|
Projects in which issues
|
||
|
No. of |
Anticipated |
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 |
2
|
2,100
|
0
|
-
|
|
16.
|
Chemicals and Fertilizers – Chemicals and |
1
|
9,000
|
0
|
-
|
|
17.
|
Communications and Information |
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
|
Rs.30,54,585
|
298
|
Rs.10,98,710.35
|
# Out of 740 projects, 125 projects with anticipated investment of Rs.~8,19,780 crores required no further action from PMIC
Annexure 'B'
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 |
