Government proposes PIB to Attract Investors for Infra projects

Published: 07th July 2013 10:31 AM  |   Last Updated: 07th July 2013 10:31 AM   |  A+A-

The State Government is considering a proposal to set up Public Investment Board (PIB) to attract more investment in the infrastructure sector.

Official sources said major projects like road, power, rural connectivity, health and other infrastructures will be taken up by PIB.

Infrastructure is one of the priority sectors of the State Government.

It includes doubling of 2,000 km State Highways, completion of 600 rural bridges, irrigation facilities in six lakh hectares and establishment of two super critical power projects.

Not only the PIB will act as a single window clearance authority but also ensure successful completion of these projects.

While the Department of Planning and Coordination (DoPC) has decided to monitor the progress of the projects above Rs 10 crore regularly, the Project Management Information System (PMIS) will be provided latest data on progress of major projects every month.

As a new initiative, the Government is planning to seek the support of a strategic partner like CMIE to look into issues hampering development of the State economy.

Similarly, the National Highway projects, ports, railway projects can also be expedited through the PIB.

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