Just as the world’s largest bank in terms of profit, market capitaliÂsation, and customer deposits veÂntured into India last month with plans to fund the infraÂstructure sector, the Indian govÂernment also gave its nod to Indian comÂpanies to raise loans up to $1 billion in Chinese yuan.
Author: admin (Infratructure Today)
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Power Grid on a roll
The new Chairman and Managing Director of Power Grid Corporation of India follows good examples before him and therefore, as he steps into his predecessor SK Chaturvedi’s shoes, he also enters the new challÂenge of rural transmission and new and replacement technology such as high voltage (HV) cabling and smart grids.
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New MoEF, new approach
If Jairam Ramesh was flexible on the Kyoto Protocol and tough on industries in an endeavour to build overall responsibility towards the environment, his successor Jayanthi Natarajan seems to have a clear brief to tighten the nation’s stand on that issue as she talked tough at her first meeting on climate change issues with 150 environment ministers in South Africa.
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The L-Factor
It is as though news of the slow growth of 7.7 per cent-the slowest in six quarters-as reported for the quarter ending June, as against a healthy 8.8 per cent in the same period last year, was anticipated with resignation.
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RIL withdraws from Oman
Reliance Industries (RIL) has withdrawn from an offshore oil exploration block in the Sea of Oman.
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India committed to IPI proj
Indian government is keen to pursue the ambitious Iran-Pakistan-India (IPI) gas pipeline project.
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Rs 1.5 tn facelift for ports
The Ministry of Shipping has drawn out an investment plan of Rs 155,455 crore for modernisation and expansion of ports during the 12th Five Year Plan.
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Banks to offload infra portfolio to IIFCL
The government will ask banks to sell their infrastructure portfolio to state-run Indian Infrastructure Finance Company (IIFCL) to free up funds and reviving a crucial scheme for long-gestation projects.
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Global bids for Kochi ship repair yard
Having failed to rope in its neighbouring public sector shipyard, the Cochin Port Trust has decided to go in for a global tender to choose a partner for its proposed ship repair yard.
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Separate dept for IWT in west Bengal
Inland water transport (IWT) system in West Bengal will soon be carved out into a separate department.