Decision to set up NIB to be taken soon

A decision to set up a national investment board headed by the PM to fast-track infrastructure projects spanning across expressways, ports and railways, is expected shortly, a senior government official said today.

A decision to set up a national investment board (NIB) headed by the Prime Minister to fast-track infrastructure projects spanning across expressways, ports and railways, is expected shortly, a senior government official said on Thursday.

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"There are discussions happening (on NIB)...We hope that in another 2-3 weeks time we will have a decision," economic affairs secretary Arvind Mayaram said on the sidelines of the World Economic Forum's India meeting.

The NIB is aimed at the speedy implementation of infrastructure projects that can spin-off into jobs and income.