The government today assured industry stakeholders of resolving regulatory and financing issues to expedite infrastructure projects, including those being promoted under the PPP mode.
“We will examine the suggestions in consultation with the various other departments and ministries and place them before the government for decision quickly,” Economic Affairs Secretary Shaktikanta Das told reporters after a meeting with infrastructure sector players.
The meeting, which was organised by industry chamber CII, was also attended by RBI Deputy Governor R Gandhi, SBI Chairperson Arundhati Bhattacharya and officials from infrastructure ministries.
During the meeting the industry representatives raised regulatory and financing issues, difficulties and certain issues which they have been encountering as well as capacity building.
Besides, issues concerning dispute resolution with regard to concession agreement for implementing Public Private Partnership (PPP) projects were also discussed.
For revitalising the PPP projects, the government has already set up a committee under former finance secretary Vijay Kelkar.
“We are expecting the Kelkar committee report to be submitted before the end of this month or may be by first week of November,” Das said, adding that today’s meeting will compliment the effort of the government in resolving the issues faced by the infrastructure sector.
“Some of the recommendations, if accepted by the government, can be operationalised far quicker. But some of the recommendations may require little more time. So it will depend on content of recommendation of the Kelkar panel,” Das said.
Further discussion in this regard would also take place between the RBI, banks and department of Financial Services.