More than 50 per cent of the infrastructure projects are stuck at various stages of implementation due to regulatory hurdles and sector-specific bottlenecks, leading to significant time and cost overruns, said K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, on Tuesday.
There has been no dearth of policy pronouncements and re-engineering of processes aimed at improving the investment climate for infrastructural projects, he claimed. However, there seems to be little headway in achievement on the ground, he said. The Deputy Governor said of the 576 Special Economic Zones that have received formal approval, only 172 are operational. Against a target of 50,621 km of road projects during 2008-13, only 10,690 km have been awarded.
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