"We are hopeful that clearances to projects through this mechanism will stimulate investments in the state and remove uncertainty over their timely execution, he said."
Bangalore, June 19 - The Karnataka government would monitor online the status of investment projects under implementation across the state, a top official said Thursday.
The electronic projects monitoring system (ePMS) will resolve online issues delaying implementation of mega projects in which investments from Rs.100-1,000 crore are made in the state, state Chief Secretary Kaushik Mukherjee said at an event here.
The ePMS will be file-less and paper-less from submission of application stage to clearances, as the project information will be digitised.
Apart from resolving pending issues on priority, the system will be used for hastening projects being executed by the state government under the public-private participation model, Mukherjee told stakeholders at the event.
As it is online clearance, movements of projects for approval will be faster for investors to track their status real-time.
Lauding the state initiative, industry lobby Federation of Indian Chamber of Commerce and Industry's state council co-chairman Anand Sudarshan said the system would facilitate speedy implementation of investment projects and help economic revival and job creation.
We are hopeful that clearances to projects through this mechanism will stimulate investments in the state and remove uncertainty over their timely execution, he said.
The chambers assisted the state government in creating the back-end for the system.