Since you have placed this in the Social Sciences group, I will discuss aspects of the plan that have to do with social sciences.
Project Tiger is a very ambitious project, but one that is certain to face major political and social problems in a country such as India. Wildlife conservation is very difficult in any country, but this is even more true in relatively poor countries. Large animals like tigers need large areas of habitat and this inevitably comes in conflict with the needs of human beings. Because of this, for example, there have been many problems with poaching in India.
Another issue arises with corruption and the funding of this program. Because the funding is largely from foreign sources and depends on reports of success, bureaucrats are, by their nature, inclined to report success where there is none. This has led to them overstating the numbers of tigers, for example, in attempts to gain more funding.
Wildlife conservation is always difficult, but the problems of conservation on a large scale in a relatively poor country are especially difficult to overcome.