In order to revamp the foreign direct investment (FDI) policy of the country, the government may set up a Empowered Group of Ministers (EGoM). The proposed EGoM may study the Arvind Mayaram committee report, which has suggested a major change in the FDI regime. Mayaram is secretary, economic affairs department, union government
Author: admin (Infratructure Today)
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Centre okays 16 FDI proposals worth Rs 1,646 cr
The Union government on June 18 stated that it has cleared 16 foreign direct investment (FDI) proposals worth Rs 1,646.87 crore. Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on May 10, 2013, the government has approved the 16 proposals of FDI. The largest money flow of Rs.961.74 crore is related to acquisition of stakes by foreign promoters in Chennai-based Vijay Television.
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IIFCL MF launches maiden IDF
IIFCL Mutual Fund recently launched its maiden infrastructure deft fund (IDF) scheme , which will undertake investment in debt securities or securitised debt instruments of infrastructure companies. It would also cater to infrastructure capital companies or infrastructure projects, special purpose vehicles and
bank loans
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Thermal plants operated at low peak load factor
Thermal power plants in the country operated at an average peak load factor (PLF) of 69.95 percent, which is a nine-year low in 2012-13 owing to insufficient availability of coal. Given the stagnation in the production of coal and natural gas, industry observers raise doubt as to how
the raw material needs of our future power projects would be met. In 2013-14, India's power generation capacity is expe
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DP World to sign concession agreement with JNPT
Following the resolution of environment issues, DP World would sign concession agreement with the Jawaharlal Nehru Port (JNPT) for setting up a 800,000 TEU container terminal. The Rs 1,000 crore project was awarded to DP World in October last year after the firm agreed to share 28.09 per cent of the revenue with JNPT
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National Highway works to be taken up on EPC mode
For time-bound and faster completion of National Highway (NH) projects in Kerala, all works including improvement, development, and maintenance of roads and bridges on NH stretches passing through the State, will be taken up in the EPC (Engineering, Procurement and Construction) mode. The decision to adopt the EPC mode instead of the item rate contracts comes in the wake of the latest guidelines issued by the Union Ministry of Road Transports and Highways (MRTH), say sources.
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Tenders to be called soon for Rs 250 cr flyover in Kolkata
The Kolkata Metropolitan Development Authority (KMDA) is preparing to float tenders for the proposed 7.4 km flyover from Batanagar to Jinjirabazar on Budge Budge Trunk Road in the city. The project has been stuck for years. Now the Centre has finally cleared the projeect, the State Urban Development Minister Firhad Hakim, who is also the KMDA Chairman, said.
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Goa’s Cavelossim locals demand 8 m wide bypass road
In Goa's Cavelossim village, the gram sabha unanimously adopted a resolution that the width of the proposed bypass road from near the under-construction Assolna-Cavelossim bridge to Xirro, Carmona, should not be more that 8 m, instead of 30 m that the villagers claimed to have been planned. Gram sabha members pointed out that the 30 m wide road would result in the village losing its rural character and insisted that the width of the road should be restricted to a maximum of 8 m.
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Govt to experiment with new technology in NH projects
The Union Ministry of Road Transport and Highways is to use new materials and techniques in National Highway projects in the country on experimental basis to promote innovation and use of new technology in highway construction. The promoter of these new materials shall be required to bear the extra cost involved in the proposal.
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RITES to prepare reports for metro rail project
State-run consultancy firm RITES will submit the feasibility report for the proposed 30-km Patna Metro rail project by September, 2013 and the detailed project report (DPR) by December, 2013. In its scope of works, the consultant will be required to identity the mass transit corridors on the basis of detailed traffic demand assessment study, topographic survey, soil survey at 500 meters interval on the proposed stretch among other measures, they