The Planning Commission has told Prime Minister Narendra Modi that additional funds of Rs 5.7 lakh crore will be required to complete 738 Central projects in various infrastructure sectors. Almost Rs 5.6 lakh crore has already been expended on these projects.
Author: admin (Infratructure Today)
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Foreign venture funds enter infra space
The Indian infrastructure space is set for a major fund-boost worth billions of dollars from foreign venture capital investors as regulator SEBI has removed a lacunae in norms to allow such investments.
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Maharashtra puts port projects on fast track
Maharashtra Chief Minister Devendra Fadnavis has pushed two big port projects in the State. He is committed to investing in a railway connection for JSW Steel´s Jaigad port and laid a foundation stone of the much-delayed private port.
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Jal Marg Yojna to boost shipping sector
To revive the shipping industry, the government has decided to launch the PM Jal Marg Yojna and projects for setting up dry and satellite ports, besides converting riverways into waterways, the Rajya Sabha has been informed.´
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Rail Vikas Nigam to hold 10% in new ports infra entity
Government-owned Rail Vikas Nigam Ltd (RVNL) is to take 10 per cent equity in the new public sector unit (PSU) to be formed to enhance port connectivity through the railways.
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Government plans big push for coastal shipping
The government is mulling over a scheme to promote coastal shipping. According to the proposed plan, a subsidy of Rs 0.5 per tonne per km on bulk cargo, a rebate of Rs 2,000 per container for container cargo and an additional 20 per cent rebate on vessel/cargo-related charges would be offered.
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Vallarpadam emerging as hub for empty containers
Shipping lines have started using Vallarpadam Terminal as a transhipment hub for empty containers.
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AP Moller-Maersk to boost India play
Gujarat Pipavav is one of the reasons global shipping giant AP Moller-Maersk (APM) is willing to bet on India. Pipavav port´s revenue has grown at a CAGR of 23 per cent in the past five years and it has made Rs 323 crore in profits in three years.
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RBI may ease debt recast rules
Prime Minister Narendra Modi´s ´Make in India´ initiative may come to the rescue of an industry that has its fate closely tied to economic cycles - shipbuilding.
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Private terminals get a boost
The government is seeking to shore up investor confidence in the ports sector by agreeing to allow private firms setting up container terminals to change their cargo profile either permanently or as a stop-gap measure to deal with circumstances that have rendered their facilities idle.