Press Information Bureau

Government of India

Ministry of Finance

05-September-2012 18:22 IST

Investment Tracking System

The Government has set up an Investment Tracking System for Projects with an investment of Rs.1000 crore and above. The purpose of this mechanism is to periodically monitor implementation of projects and identify systemic issues and attempt to have these resolved.

Under Investment Tracking System, National Manufacturing Competitiveness Council (NMCC) is mandated to track all Public Sector Undertaking Projects with an investment of Rs.1000 crore and above and the Department of Financial Services, Ministry of Finance, is mandated to monitor projects with an investment of Rs.1000 crores and above in the private sector.

The details of such projects were sought from promoters, Industry Associations, Public Sector Banks, and few Private Sector Banks. An advertisement was also issued in major newspapers called for details. So far the information of 190 projects have been reported.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today.

* * *

DSM/RS/Hb

Investment tracking implemented to monitor large projects, assigning designated agencies to oversee public and private sector implementation. The Investment Tracking System mandates periodic monitoring of large projects meeting a prescribed investment threshold to identify and resolve systemic implementation issues; designated monitoring agencies track public and private sector projects respectively, and data is collected from promoters, industry associations and banks, with an initial reporting of 190 projects.