NEW DELHI: The Indian government said on Tuesday it had approved a raft of infrastructure projects worth 1.83 trillion Indian rupees (US$28.38 billion) to revive economic growth and restore investor confidence after a crash in the rupee to record lows.
"The message that we are sending is that the investment cycle has restarted, and we are pushing it. It is gathering pace," Finance Minister P. Chidambaram told a news conference to announce the kick-start for 36 stalled projects in sectors from oil, gas and power to roads and railways.
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