Wednesday, September 9, 2026
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
  • UP InternationalTrade Show
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
  • UP InternationalTrade Show
Fiinews
No Result
View All Result
Home Projects

Projects: 634 contracts have time overrun, says Minister

Fiinews by Fiinews
August 5, 2022
in Projects
Reading Time: 1 min read
A A
0
Ministry of Commerce and Industry

Minister of State Som Prakash.

0
SHARES
10
VIEWS
LinkedinShare on Twitter

Govt has resolved 5,119 issues related to 1,095 projects

A total of 634 contracted infrastructure projects have shown time overrun, inter-alia, due to issues like Land Acquisition, Forest Clearance, Wild Life Clearance, Right of Way, Right of Use and Court Cases among other issues, Minister of State for Commerce and Industry, Som Parkash, said in a written reply in the Lok Sabha on 3 Aug 2022.

These were part of the 1,875 projects on Project Monitoring Group (PMG) Portal as on 28 July 2022. These projects were estimated worth Rs.150 crore.

The Government, after establishment of PMG, has taken proactive steps and resolved 5,119 issues pertaining to 1,095 projects.

The Government has put in place a mechanism called Online Computerised Monitoring System (OCMS) under Ministry of Statistic and Programme Implementation (MoSPI) for monitoring these projects.

Cost escalation can only be calculated on completion of these delayed projects, said the Minister.

The mechanism of Project Monitoring Group (PMG) is supported by a digital platform over which Project Proponents are able to update project related information and raise issues which can be seen by concerned State and Central Ministries on real time basis.

This results in effective monitoring of projects and expeditious resolution of issues, he added. fiinews.com

Tags: Ministry of Commerce and Industry
ShareTweetShare

Related Posts

PIB
Projects

Project: Ministers focused on space sector

by Fiinews
September 9, 2026
0
18

State Visit by the Grand Duke and Grand Duchess of Luxembourg to India proposed Luxembourg Minister of Economy, SME, Energy...

Avaali
Projects

Project: Avaali solution goes alive at NTPC

by Fiinews
September 7, 2026
0
13

New portal will further streamline payment processing for vendors NTPC Limited has gone live with the Avaali’s Velocious Sourcing and...

PIB

Project: Indore Priority Corridor–2 inaugurated

September 7, 2026
15
RF CNES

Project: France keen to deepen space cooperation

September 5, 2026
15
ABB

Project: Wipro enhances ABB’s employees experience

September 4, 2026
21
PIB

Project: India-German discussed power development

September 4, 2026
16
SBI YONO
Upits 2026 brochure 062026 pdf

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Investment: India welcomes US investment and technology collaboration

    0 shares
    Share 0 Tweet 0
  • Market: PM Modi-President Zelenskyy discussed trade and technology

    0 shares
    Share 0 Tweet 0
  • Manufacturing: Approved ‘BioE3’of Biotechnology Dept

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Manufacture: RPEL-TRL’s silica facility in Odisha
  • Invest: Tata AIA Fund outperforms S&P BSE 200
  • Market: IICS set to see greater demands for cargo
  • Project: Ministers focused on space sector
  • Manufacture: DAC clears acquisition proposals

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
  • UP International

© 2024 FIINEWS - Design and developed by 7clicksmedia.