August 27, 2013 / 5:08 AM / 4 years ago

India approves mega projects to boost confidence

NEW DELHI, Aug 27 (Reuters) - - India's cabinet has approved infrastructure projects worth 1.83 trillion Indian rupees ($28.38 billion), Finance Minister P. Chidambaram said on Tuesday, part of a government drive to fast-track clearances and win back investor confidence.

A cabinet panel cleared 18 power projects at a cost of 830 billion rupees, Chidambaram told a news conference. ($1 = 64.4850 Indian rupees) (Editing by Sanjeev Miglani)

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