NEW DELHI: The number of stalled projects has touched an all-time high under the BJP government with 893 ventures worth Rs 11.36 trillion held up due to lack of promoter interest, unfavourable market conditions and lack of funds.What may be alarming for the Narendra Modi-led government is the drop in new investments There were 766 stalled projects in March 2014 when the Congress-led UPA government was in power, according to data provided exclusively to ET by the Centre for Monitoring Indian Economy (CMIE).This increased to 816 in 2014-15 and 893 by the end of 2015-16. The data, which is used by the finance ministry to gauge investor sentiment and investment flows, reveals lack of promoter interest as the No. 1 reason for halting projects.New investments captured, according to CMIE data, declined 25% to Rs 8 trillion in 2015-16 fromRs 10.64 trillion in 2014-15. Number of projects initiated, investments flowing in and works being revived declined steadily in 2015-16. “Number of live projects whose implementation is stalled is at an all-time high in terms of value and aggregate numbers.Data also shows that projects being initiated is at an alltime low. In spite of ‘Make in India’ and ‘Stand Up India’ initiatives of the government, new investments are just not coming in adequately,” said Mahesh Vyas, managing director of CMIE. Vyas said, “Entrepreneurs are not enthused with policies right now. The government, like all governments and even state governments, is trying to make efforts to garner investment and enthuse enterprise. But at present we are not seeing results.”He said, “UPA-I was extremely successful in ramping up investments compared to this government.” New investments had scaled up to Rs 22 trillion in 2008-09 and were at Rs 16 trillion in 2009-10 and 2010-11.Data on stalled projects used to be included in the Economic Surveys since 2012-13, but the government chose to skip the alarming statistics this time. This information was mentioned in the first chapter of the 2012-13 survey and in the second chapter in the 2013-14 edition. It was part of the chapter titled “The Investment Climate: Stalled Projects, Debt Overhang and the Equity Puzzle” in the 2014-15 survey, which said manufacturing, mining and electricity had the highest stalling rates in the last few quarters among all sectors, while air transport, roads and shipping were the other big contributors in infrastructure “The finance ministry had access to our CAPEX data. It is up to them to use it or not use it,” Vyas told ET. In response to an RTI application by Venkatesh Nayak of Commonwealth Human Rights Initiative, the finance ministry transferred the request to project monitoring group under the Cabinet Secretariat, which furnished information on 293 stalled projects till March 8 to Nayak.