Project Monitoring Group(PMG) Portal

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News:Minister of Commerce & Industry has chaired a meeting for the review of infrastructure projects on the Project Monitoring Group(PMG) Portal.

Facts:

About PMG Portal:

  • Project Monitoring Group (PMG) is an institutional mechanism of the Department of Promotion of Industry and Internal Trade (DPIIT),Ministry of Commerce and industry.
  • It aims to facilitate issue resolution in projects that are facing delays or awaiting regulatory clearances with State and/or Central Ministries.
  • Any infrastructural or industrial project (domestic or foreign) with an investment of Rs. 500 Crores and above is eligible for PMG assistance.
  • Further,the portal is assisted by Invest India which provides implementational support in identifying and following up on issues with the States.

Additional information:

About Invest India:

  • Invest India was setup in 2009 as a non profit venture under the Department of Industrial Policy and Promotion, Ministry of Commerce and Industries, Government of India.
  • It is the official Investment Promotion and Facilitation Agency of India and acts as the first point of reference for investors in India.