June 5, 2012 9:30 AM

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PM calls meeting of infra sector related ministries to review status

Prime Minister Dr Manmohan Singh has called a meeting tomorrow to review the status of infrastructure sector with an aim of pushing the slowing growth. The meeting will be attended by ministers of all infrastructure-related ministries. Our correspondent adds that the government has maintained that one trillion US Dollars would be required in the infrastructure sector during the 12th Plan of which it expects 50 per cent from private sector. According to Finance Ministry documents, projects worth 1.46 lakh crore rupees are pending because of absence of regulatory clearances. The mega projects like 12 billion US Dollars Posco steel project and 90 billion US Dollars Delhi-Mumbai Industrial Corridor are delayed on various counts for learances and land acquisition. The meeting comes close on the heels of the decision by the Prime Minister to set up Investment Tracking System to monitor the status of projects of 1,000 crore ruppes and above. The government also set up a high-level inter-ministerial board under Commerce and Industry Minister Anand Sharma to boost the manufacturing sector

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