Modi moves in to speed up US$300b stuck projects

New Delhi

INDIAN Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost US$300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters.

Pro-business Modi has faced criticism in recent weeks that his ambition to spur investment and re-energise the economy has yet to be realised, more than six months after he won elections w…