MNRE Establishes Project Development Cell to Attract Investments in Developing Projects

It is intended at creating projects with all sanctions, land available for allocation, and with the complete detailed project reports for adoption and investment by investors. It would also recognize issues that need to be resolved to attract and conclude the investments and put forth these before the Empowered Group

June 18, 2020. By News Bureau

The Ministry of New and Renewable Energy (MNRE) has announced that it had set-up a Project Development Cell for appealing investments in India by developing projects.

It is intended at creating projects with all sanctions, land available for allocation and with the complete detailed project reports for adoption and investment by investors.

It would also recognize issues that need to be resolved in order to attract and conclude the investments and put forth these before the Empowered Group.

“The Central government has approved the setting up of an Empowered Group of Secretaries and PDCs in ministries and departments of the government for attracting investments in India by development of investible projects in coordination between the Central and state governments,” it said in an Order.

MNRE has established the Cell under its joint secretary, Amitesh Kumar Sinha. Along with him, other members include Ruchin Gupta, director, MNRE, officers of the Grid Solar Power Division and representatives of Invest India.

“The Department for Promotion of Industry and Internal Trade has been requested to nominate representatives from Invest India to participate in the working of this cell,” the Order said.

It added that a portal is also being developed to receive proposals from the renewable energy sector, with provisions to check the status of action taken on such proposals.

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