Seeking to push infrastructure development, Prime Minister Narendra Modi on Friday asked his ministers to electronically monitor the progress of projects and directed the Railways to submit a comprehensive plan for encouraging FDI.
“Prime Minister Narendra Modi emphasised the importance for monitoring the progress of infrastructure development through efficiency parameters which have been identified for each of the sectors. He said that Ministries should monitor them on electronic reporting formats,” an official statement said.
The instructions followed monthly review of the progress of eight major infrastructure sectors — Civil Aviation, Ports and Inland Waterways, Railways, Roads, Telecom, Power, Coal, and New and Renewable Energy.
Mr. Modi said accelerated infrastructure development was his top priority, and stressed the need for creating world-class infrastructure in India.
Reviewing the progress of the Railways sector, Mr. Modi said: “Railways has been granted clearance for 100 percent FDI, and therefore the Railways should come up with a comprehensive plan for facilitating FDI in the sector.”
He also stressed that initiatives undertaken by state governments as well as PSUs with other countries, including SAARC nations, should also be taken into account while monitoring the progress of infrastructure sectors.
Published - September 12, 2014 04:48 pm IST
