The Federation of Indian Chambers of Commerce and Industry (FICCI) wants the government to add reserve prĂÂice concept as a parameter in the bidding processes for infrastructure projects instead of opting purely for lowest cost bids.
Author: admin (Infratructure Today)
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WB may not renew Mumbai contract
The World Bank seems reluctant to renew a contract for backing the first phase of the Mumbai Urban Transport Project (MUTP).
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DMIC to push up industrial development
The proposed Delhi Mumbai Industrial Corridor (DMIC) has increased the potential of industrial development.
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DoT sops to telcos likely
Telecom service providers in the country may get sops from the Department of Telecommunications (DoT) in the form of subsidy, for increasing mobile coverage in rural areas.
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New transmission lines with private participation
The Empowered Committee of the Ministry of Power for deveĂÂlopĂÂment of inter-state tranĂÂsmission lines has recommĂÂended setting up of five new transmission lines with an estimated length of 2,600 km through tariff-basĂÂed competiĂÂtive bidding
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Infrastructure in NE to get booster
The North Eastern states have stressed on development of infrastructure for improved connectivity and rural transformation for development, according to Planning Commission.
The government would take proactive
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RBI: Moderate growth, inflation to remain firm
High inflation and the consequential policy rate increases are likely to impact domestic growth in the future, said the Reserve Bank of India (RBI) in its Financial Stability Report. A slowdown in investment demand and the slackening global
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AAI seeks funds to keep growth pace
Airports Authority of India (AAI) has sought additional funding to keep pace with the fleet and traffic expansion expected in India over the next five years. AAI, which invested around Rs 1,200 crore in modernisation projects last year,
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Apollo Global to invest in Welspun
Private equity firm Apollo Global Management will invest Rs 2,250 crore in Welspun group companies. Touted to be its biggest investment in India, funds affiliated with Apollo will invest Rs 1,305 crore in Welspun Corp Ltd,
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NHAI shortlists 10 cos to bid for `5,000 cr projects
The National Highways Authority of India (NHAI) has shortlisted 114 highway construction companies and developers in the annual technical qualification initiated by the body in March this year. Ten of these have qualified to directly put in financial bids