Prior concurrence is a method of financial control utilized by the government over the capital investments of Government of India Public Sector enterprises. This mechanism ensures that the government has a say in the decision-making process of these enterprises when it comes to making capital investments.

Explanation:
1. In the context of Government of India Public Sector enterprises, capital investments refer to the allocation of funds for the acquisition of long-term assets such as land, buildings, machinery, and equipment.
2. These investments are crucial for the growth and development of these enterprises as they enable the expansion of production capacities, the adoption of new technologies, and the improvement of infrastructure.
3. However, since these enterprises are owned by the government, it is essential for the government to exercise financial control over their capital investments to ensure that they align with the overall objectives and priorities of the government.
4. Prior concurrence is a mechanism through which the government exercises this control by requiring these enterprises to seek approval or permission from the government before making any significant capital investments.
5. This means that the enterprises cannot proceed with their investment plans without obtaining the prior concurrence of the government.
6. The government evaluates the investment proposals put forward by these enterprises and assesses their feasibility, viability, and alignment with the government's policies and priorities.
7. The government may consider various factors such as the financial health of the enterprise, the expected returns on investment, the potential impact on employment and economic growth, and the strategic importance of the investment.
8. Based on this evaluation, the government either grants its concurrence or suggests modifications or rejects the investment proposal.
9. This mechanism of prior concurrence helps the government maintain control over the capital investments of these enterprises, ensuring that they are in line with the government's overall economic and social objectives.
10. It also helps in preventing misuse or misallocation of funds and ensures that the investments made by these enterprises contribute effectively to the overall development of the country.

In conclusion, prior concurrence is a method of financial control utilized by the government over the capital investments of Government of India Public Sector enterprises. It allows the government to exercise oversight and ensure that these investments align with the government's objectives and priorities.