The Centre has decided to establish an Investment Tracking System to ensure speedy implementation of major investment projects in the country. As part of the initiative, a format for monitoring such projects in private sector and under public-private partnership (PPP) has been developed and is available at the website of the Department of Financial Services in the Ministry of Finance. The website is www.financialservices.gov.in.
According to an official release, promoters of projects in the private sector and under the PPP mode, where the proposed investment is 1000 crore rupees and above, can provide details of their projects along with reasons behind delay, if any, to the web address – key.projects@sbicaps.com. The information may also be updated on a monthly basis. The department is separately working on developing a web based system for the monitoring of such projects which will enable the stakeholders in updating the status on a regular basis.