According to the data released by ProjectsToday.com in
India during the first six months of the current fiscal (April-September 2012)
around 727 projects entailing a total project investment of Rs 254,280 crore (USD
47 billion) were shelved by their respective promoters. Last fiscal during the
same period, 333 projects worth Rs 97,714 crore (USD 18 billion) were shelved.
Private companies, which are quick to shelve their unviable
projects, dropped around 456 projects, while the government agencies accounted
for the remaining non fructified projects.
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