Performance of Special Purpose Vehicles for Implementation of 39 Projects

The overall performance and achievement of the Special Purpose Vehicles (SPVs) for implementation of 39 projects sanctioned during the Tenth and Eleventh Five Year Plan Periods are quite satisfactory.  Out of 39 projects sanctioned in the 10^th and 11^th Five Year Plan periods under Industrial Infrastructure Upgradation Scheme (IIUS), 21 projects have been completed and the remaining are at various stages of implementation.  Sanction has been withdrawn in respect of two projects as these projects could not start implementation activities in more than two years despite efforts made by this department.

Most of the projects have been delayed on account of land related issues and environment clearance. Some projects have also been delayed on account of shortfall in contributions from Industrial stakeholders and State Governments.

The latest independent evaluation of the Scheme was carried out in December 2011 by National Productivity Council (NPC). The findings of the Evaluation Study of NPC indicate that the Scheme has provided a robust platform for development of common facilities like R&D labs, Skill Upgradation Centre, Common Tool Rooms, Prototyping Centres, Effluent Treatment Plants and basic infrastructure (road, water, supply, power, etc.) which are essential for the clusters. Majority of these clusters belong to Small and Medium Enterprises who have taken up green initiatives and components to curb pollution. 

The project-wise complete list of projects sanctioned and fund generated of 37 projects is at Appendix-I.

The IIUS has been revised as ‘Modified Industrial Infrastructure Upgradation Scheme (MIIUS)’ for taking up new projects in the 12^th Five Year Plan Period and under this scheme only State Implementing Agency (SIA) such as State Industrial Development Corporation, is authorised to implement the project.  Due to modification in the scheme, projects in the 12^th Plan Period cannot be undertaken by SPV or Special Purpose Entity (SPE), however new projects have been undertaken through SIA.