Published On:April 8 2013
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Finance Minister to meet India Inc and bankers to discuss over stalled projects
Finance Minister P Chidambaram would meet India Inc leaders and bankers here to kick start stalled projects. Many chief executives say projects are stalled due to issues related to land acquisition, environmental clearances and changes in the global economy. Bankers, however, also blame the wrong decisions taken by various companies.
Bankers say in many cases, companies went ahead with projects without obtaining environment clearances or without securing coal, iron ore or gas through legal methods. Companies that received allotments by legal methods are not facing hurdle.