Corridor of inclusive growth
The government in Karnataka has been considering various proposals-including the Global Investment Meets-that have promised much to the industry. But in reality, not much has happened from the government and the industry.
CCI nod sought
Approval of Cabinet Committee on Investment (CCI) is being sought by the Ministry of Coal to expedite development of allocated mining blocks where no cases or FIRs have been filed by the CBI. Since May 2012, the CBI has registered three preliminary enquiries regarding alleged irregularities in coal block allocation and has filed 14 FIRs. Forty seven coal blocks have been deallocated out of 218 coal blocks allocated to public and private firms, holding estimated geological reserves of about 50 bi
Govt to bring in investor-friendly FDI policy
Government has put in place an investor-friendly policy on Foreign Direct Investment (FDI), under which FDI, up to 100 per cent, is permitted, under the automatic route, in most sectors/activities. FDI policy is reviewed on an ongoing basis, with a view to making it more investor friendly, said the Uniion Minister of State in the Ministry of Commerce and Industry EM Sudarsana Natchiappan in Rajya Sabha on December 11.
Govt awards 13 port projects worth Rs 5,515 cr
During April-November period, the Union Shipping Ministry has awarded Rs 5,515 crore worth 80 million tonne projects. The awarded projects are more than 70 per cent of the 114 mt awarded last year at an investment of Rs 5, 515 crore, say media reports.
AP cancels port project
The Rs 16,000 crore port-cum-industrial corridor deal has been cancelled by the Andhra Pradesh government. The government had signed the deal with Ras Al Khaimah Investment Authority and Matrix Enport Holdings in 2008 for building a port-cum-industrial corridor.
Govt is striving to bring investments into ports: Vasan
The Union Shipping Minister GK Vasan has said on November 27 that the government is making continuous efforts to attract investment in the ports sector for augmentation of freight. Vasan said that Belgium is India's second largest trading partner with more than 150 Belgian companies in India with interests in dredging, chemicals, engineering goods, electronics and software etc.
Karnataka okays Rs 10,044 cr worth projects
The Karnataka government has cleared 10 projects with an investment of over Rs 10,044 crore. The projects are expected to create 14,105 jobs in 10 districts of the state.
Moily to meet investors in Mumbai this week
To restore investors' confidence in oil and gas sector Union Petroleum Minister Veerappa Moily will meet investment bankers and top industry executives in Mumbai next week. The meet has been schedule before launching the tenth bidding round of exploration blocks.