Modi moves in to speed up US$300b stuck projects
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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 with the strongest mandate in three decades.
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