The Government has decided to set up an institutional mechanism for speedy completion of Public - Private Partnership projects. An official statement said adoption of a well defined institutional structure for overseeing contract performance effectively has become necessary. 

The proposal approved by the cabinet today says it will have a two tier mechanism. The project monitoring unit will oversee the performance of public private partnership projects at the Project Authority Level and performance review unit will monitor its implementation at the Ministry or the state government level.

The Cabinet also approved the proposal to provide a special incentive package to promote large-scale manufacturing in the Electronic System Design and Manufacturing sector. According to an official release, it will foster the manufacturing of indigenously designed and manufactured chips creating a more cyber secure ecosystem in the country. The policy is expected to create an indigenous manufacturing eco-system for electronics in the country. 

The scheme provides subsidy for investments in capital expenditure - 20 per cent for investments in Special Economic Zones ,SEZs and 25 per cent in non-SEZs.
The cabinet however defered consideration of a bill to give more powers to commodity market regulator.
The Cabinet Committee on Infrastructure, CCI, approved the proposal for the development of the two laning of Raibarelly - Jaunpur section in Uttar Pradesh. The main objective of the project is to expedite the improvement of infrastructure in Uttar Pradesh and also in reducing the time and cost of travel for traffic, particularly heavy traffic, playing between Raibareilly - Jaunpur.

In Uttar Pradesh, Union Minister for Coal, Mr. Sriprakash Jaisawal today laid foundation stone for 1980 Mega Watt power plant at Ghatampur in Kanpur district. This power plant will be constructed under a joint venture of Neyveli Lignite Corporation Limited and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited.

Addressing the function on the occasion, Mr. Jaiswal emphasized better infrastructure development for industrialization and to address the issue of unemployment. He said, this project will be completed by 2016 and it will improve the power situation in the state. 

He said it will be the biggest power plant in the state. He assured that farmers will be given adequate compensation for their land acquired for the plant. He also assured that local people would get priority in employment in the plant. 

Responding about availability of coal for nine power projects in the state, he said that coal is not sufficiently available in country but plants from Uttar Pradesh will be given priority. He urged the state government for seeking Coal Block in place of Coal Linkage.

The Chief Minister of the state, Akhilesh Yadav who presided the foundation laying ceremony said that power generation is one of the priorities of the state government. He urged the officials of the concerned departments for completing one of the three units of the plant by 2014.

AIR correspondent reports that about 11088 crore rupees will be spent on the construction of the plant spread over 851 hectare land. The project was approved by the Cabinet Committee on Infrastructure two months earlier. Three units of 660 Mega Watt capacities will be established under the project.

The Centre has accorded approval for Advance Action Proposal to take up the pre-project sanction activities. Power Purchase Agreement has already been signed with the Uttar Pradesh Power Corporation.

One of Navratna public sector Neyveli Lignite Corporation is based at Tamilnadu and it has recently set up a 250 MW capacity power plant in Bikaner district in Rajasthan. NLC also has its own three pit head Thermal Power Station with 2490 MW capacity at Neyveli in Tamil Nadu.