Prime Minister's Office(PMO) announced setting up of a board for project clearance of infrastructure and energy projects, under the Cabinet Secretary. PMO said in a statement that over 70 blocks awarded under New Exploration Licence Policy(NELP) rounds were facing issues of clearances, badly hurting the progress of exploration activity for showing the importance of such a move. This problem exists in ports and infrastructure sectors also. This board is designed to work like Foreign Investment Promotion Board(FIPB) which in its regular meetings give clearance for foreign investments.
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