Mr Hari Bhartia CII president had broached the idea of a pre clearance and competitive bidding process for all natural resource based projects with the Environment Minister at a closed door session on Tuesday. Such pre clearances and competitive bidding could be on the lines of New Exploration and Licensing Policy for oil and gas sector.
The minister sought to allay the industry's concerns on the issue of environment becoming a constraint for economic growth at the CII session. Mr Ramesh proposes to hold a similar discussion with members of the Federation of Indian Chambers of Commerce and Industry on January 24. A joint advisory council with industry members on board is being considered to review and suggest changes to the regulatory framework.
Pointing out that most of the delays in project clearances pertain to the forest clearances in the mining sector where the State Governments were involved, Mr Ramesh said the problem was not with environmental approvals. Read the full report here.
Source: Steel Guru.
