Regulatory and bureaucratic constraints are the biggest
hurdles in the path of infrastructure development in India. Regulatory concerns
and policy paralysis that has been lingering in the Indian market since long
has done significant damage to India’s Infrastructure growth and in turn to the
overall economy. On an average over 50+ regulatory clearances are required from
over 20 ministries at state and central level to set up infrastructure projects
in India.
Often inordinate delays in acquiring various consents,
permits and approvals pertaining to land acquisition, environment clearances
and other approvals adversely impact the project participants – developers,
investors, contractors and operators, rendering the overall project unviable
and times pushing the stakeholders to a point where they have little options
but to shelve their projects; Projects from POSCO, BHP Billiton, Arcelor Mittal
have become case studies on how lengthy process led to their exit. As per
recent FICCI estimates, Infrastructure projects worth lakhs of crore are stuck
due to delay in different regulatory clearances and approvals; nearly 80% of
these are in power sector.
At the heart of the problem lies the overall regulatory
approach followed in the infrastructure sector, which is disparate and lacks
any unified approach governing any aspect of regulation, be it powers and
functions of the regulator, extent of regulation, appointments and
accountability and autonomy of the regulators. A common regulatory approach
that runs through the central as well as state regulators has been the need for
long. Lack of accountability in different institutions involved in the process
of awarding regulatory approvals is also a major issue, there doesn’t seem to
be any urgency to work on issues that are holding up Infrastructure projects.
The new government promises to change the status quo persistent since several
decades and facilitate faster turnaround related to the process of acquiring
different regulatory approvals and clearances.
Publisher believes, there is a need to create intuitive
information platform that facilitates companies planning to set projects in
India, by providing them critical information pertaining to intricacies
associated with regulatory framework in India. In order to enable investors
with details on number of permits, licenses and regulatory clearances required
in different sub-segments of Energy & Infrastructure sector, Publisher
plans to initiate a reference book that will be of immense use to the industry.
The primary objective of Publisher Reference Book
"Consents, Clearances and Permits in Energy & Infrastructure Sector in
India – Demystifying the Issues, Risks and Challenges associated in the process
of acquiring regulatory approvals" is to map all consents, clearances and
permits an investor has to obtain for setting up power projects in India. Given
that PPP and FDI is likely to increase in the times to come, we feel such
reference compendium would be of immense value for both, the active
organizations as well as the organizations planning to invest in energy &
infrastructure sector in India.
Leveraging this report will help companies to achieve the
statutory regulatory clearances and compliances required to start and operate
energy and infrastructure related projects with ease. The report will provide
critical analysis on projects that failed due to inordinate delay in getting
necessary regulatory clearances and also provide advisory to different industry
on how to approach the overall process involved in acquiring different
regulatory approvals. Publisher detailed survey to assess the hurdles and
challenges faced by India Inc and MNCs will come very handy for companies that
plan to begin operationalizing their India investment strategy under the aegis
of new government.
The report will also evaluate, whether the reform measures
that the government promises to fast track infrastructure projects is actually
achievable. Overall, the report will not only provide facts on number and types
of regulatory approvals required across different state and central government
ministries and agencies but will also help to follow right strategy to be
adopted to manage the regulatory approval risks and challenges with ease.
Spanning over 157 pages “Consents, Clearances
and Permits in Energy & Infrastructure Sector in India - Demystifying the
Issues, Risks and Challenges Associated in the Process of Acquiring Regulatory
Approvals” report
covers Introduction, Critical Analysis on Failure of Different Administrative
setup involved in awarding Regulatory Approvals in India, Detailed Case
Studies, Evaluation of Inventory of Energy & Infrastructure Projects Stuck
in Various Stages of Procedural and Regulatory approval, Lessons to be Learnt,
Evaluating major regulatory approvals on scale of Risks & Uncertainty vs
Time elapsed, Process Maps on Regulatory procedures and approvals required for
major energy & infrastructure projects, depicting, Relative ranking of
different states in terms of ease of getting regulatory approvals,
Recommendation on Industry-wise best practices to be followed to ease out the
issues & challenges pertaining to initiation and acquisition of regulatory
procedures and approvals, Legal remedies available to deal with business impact
due to delay in regulatory procedures and approvals, Role of different
government and non-government stakeholders involved in facilitating award of
and awarding regulatory approvals, Critical Evaluation of Initiatives planned
by the new Government to speed up regulatory approval process.
For
more information Visit at: http://mrr.cm/UNA
Find all Energy and Utilities Reports at: http://www.marketresearchreports.com/energy-utilities
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