The government’s Project Monitoring Group (PMG) is intensifying the execution of major projects, overseeing more than 3,000 projects valued at over Rs 78 lakh crore, as stated by Commerce and Industry Minister Piyush Goyal. With a 94 percent resolution rate, the Group is focused on developing top-notch infrastructure. Minister Goyal emphasized the PMG’s pivotal role in advancing the implementation of large projects, aligning with Prime Minister Narendra Modi’s vision of ‘Reform, Perform, and Transform’.
By offering structured and time-bound issue resolution, the PMG is tackling regulatory and coordination challenges, establishing itself as a crucial element of India’s project execution framework. Minister Goyal highlighted the PMG’s increased significance as India progresses, facilitating quicker project completion, boosting investor trust, and improving the business environment. The PMG functions as an institutional mechanism for monitoring projects based on milestones and expediting issue resolution and regulatory hurdles in projects with investments exceeding Rs 500 crore in India.
Situated at Invest India, Department of Industry and Internal Trade (DPIIT), Ministry of Commerce, the PMG was established as a special cell in the Cabinet Secretariat in 2013 and later brought under the administrative control of the Prime Minister’s Office (PMO) in 2015. With the relocation to Invest India, the PMG aims to offer a comprehensive facilitation platform for investors at all investment stages, including issue resolution. In August 2021, the Prime Minister’s Office designated PMG as the Secretariat to the Monitoring Group.
PMG supports mid and large-sized Public, Private, and Public–Private Partnership (PPP) Projects by expediting approvals, addressing sectoral policy matters, and eliminating bottlenecks to hasten project commencement. While predominantly focusing on infrastructure projects, PMG also includes projects from various sectors meeting the specified criteria, according to the government.
