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National Investment Board is now Cabinet Committee on Investment.

The Cabinet Committee on Investment, (formerly called National Investment Board) has been cleared by the Cabinet yesterday on 13th December 2012. So, finally a good news for the infrastructure sector, which has really faced the trouble of policy paralysis, slow approvals, no certainty as far as approvals are concerned.

The committee to fast-track nod to mega projects will be headed by the Prime Minister. It has the power to expedite big infrastructure projects of investment worth Rs 1000 Crore and above. The committee will identify projects in notified sectors and prescribe time limits for approvals. However, the constitution to be decided by the PM will also project monitoring in notified sectors and review implementation of delayed projects.

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