The government intends to promote scheme of ‘plug and play’ for further fast-tracking investment proposals especially for projects having substantial foreign investment. This was discussed in a meeting called by Prime Minister Narendra Modi on Thursday to form strategies for attracting more investment, from both local and foreign.
‘Plug and play’ concept normally refers to ready facilities in terms of building, power-water-sewage connectivity, road connectivity, beside other basic things including clearances in hand required to start the industry. This concept gained ground in 2015 when the then Finance Minister Arun Jaitley said in his Budget speech that the government proposes to set up five new Ultra Mega Power Projects, each of 4000 MWs in the plug-and-play mode.
