Govt seeks to kick-start investment as rupee tumbles
The cabinet committee on investment (CCI) cleared 36 projects entailing investments of Rs 1.83 trillion.
“The message we are sending is that the investment cycle has started and we are pushing it further, it will gather pace as we go on,” Finance Minister P Chidambaram said. The 36 projects are in sectors such as power, oil, gas, roads and railways.
Among the projects approved by the cabinet panel are 18 power projects with an investment of about Rs 83,772 crore and nine infrastructure projects entailing investments of Rs.14,084 crore, he said. Read More