Principal Secretary Finance, Navin K Choudhary today chaired 5th meeting of the High-Powered Committee (HPC), constituted for approval of various languishing projects in the State for funding through J&K Infrastructure Development Financial Corporation (JKIDFC).
The meeting cleared 348 languishing projects with an investment of Rs 909.49 crore. In the five meetings held so far, HPC has cleared 1644 languishing projects in various key sectors involving a cumulative investment of Rs 3631.36 crore through JKIDFC, an official handout said.
The HPC held detailed deliberations on the merit of each Project, vis-a-vis their present status, financial involvement and time-line for completion.