With the Cabinet on Thursday clearing the proposal for constituting a Cabinet Committee on Investment (CCI) to fast-track large infrastructure projects along with the Land Acquisition Bill, India Inc is hopeful that the government would give the required push to make the first work effectively and ensure that the second doesn’t face roadblocks in Parliament.

Since the setting up of the CCI is an executive decision, the Cabinet’s decision is final and the government only needs to ensure that it works effectively and doesn’t end up like the Cabinet Committee on Infrastructure that it has replaced. However, the Land Bill needs to be passed by Parliament and industry hopes for its smooth passage though it has some reservations on it.