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Economy
Mahesh

31/03/22 07:13 AM IST

Project Monitoring Group

In News 
  • Government of India has prioritized the timely completion of large-scale Infrastructure projects keeping infrastructure development as the central pillar of growth and socio-economic advancement of the country.
About Group
  • The Project Monitoring Group (PMG) was instituted which is currently housed in Invest India, Ministry of Commerce and Industry.
  • PMG is a unique institutional mechanism to facilitate resolution of issues in infrastructure projects with investments upward of ₹ 500 crores primarily by way of conducting regular review meetings with States and Central Ministries.
  • Additionally, with the deployment of milestone-based monitoring of projects on the PMG portal in November 2021, project reviews have become more holistic, combining both issue resolution and milestone-based monitoring to anticipate delays in projects, mitigating time and cost overruns and identifying agencies/authorities responsible for delays.
  • PMG has been convening regular review meetings between project proponents, State Governments and Union Ministries to accelerate project implementation through expeditious resolution of issues. 
Source-PIB 

 

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