The Maharashtra governmentÂ’s new industrial policy will lead to the unlocking of 8,797 acres of land in Thane-Navi Mumbai area and 5,765 acres of land in Pune, official data shows. Of this, 40 per cent of land will be used for construction of houses and shops.
Category: ECONOMY & POLICY
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Rangarajan expects inflation to ease to 6%
Prime MinisterÂ’s Economic Advisory Council Chairman C Rangarajan expressed hope that inflation would ease to six per cent by the end of the next financial year. Although the increase in fuel prices and train fares could prevent headline inflation from moderating in the near term, in the long-run he expects inflation to trend down
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Pune to have agency to rate eco-housing projects
The Pune Municipal Corporation (PMC) is to appoint one more agency to implement the eco-housing policy to promote environment-friendly measures in real estate. The agency will help the civic administration in rating the eco-housing projects in Pune.
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Navi Mumbai SEZ to denotify land for IT park, township
For Navi Mumbai Special Economic Zone (NMSEZ), plan is getting ready to denotify 2,140-hectares SEZ land and develop the same as an IT park and an integrated township which would include residential complexes, shopping malls, multiplexes, hotels, schools, colleges and hospitals. The NMSEZ co-promoters are: Reliance Industries (RIL) Chairman Mukesh Ambani and his close associate Anand Jain.
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Infrascape 2013 | Real Estate Bill to increase transparency
Given that there are confÂusing signals from our economic data, we are hoping that there will be some policy easing, which will help our cause. Policy initiatives: The introduction of legislation such as the Real Estate Bill is expected to increase transparÂency and boost investor confiÂdence in the Indian market.
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Infrascape 2013 | Nextgen global contractors will be from India
The Indian Construction Industry in general faces a huge dichotomy, neither is it valued overseas, other than as a source of labour resources, nor is it valued at home, because of fragmentation and poor practices, and yet the potenÂtial is huge.
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At a critical juncture
We must urgently address the gaps in the SEZ policy to encourage, incentivise and support the growth of the manufacturing sector, writes Ravindra Sannareddy. Special Economic Zones (SEZs) have been the most effective drivers of growth for developing Asian economies especially China over the last few decades. The key objectives of most SEZ programmes are to attract foreign investment, earn foreign exchange, boost industrial development, generate employment, and upgrade technology.
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India's oldest SEZ on progressive path
In the context of several non-IT SEZs performing poorly in recent years, Janaki Krishnamoorthi looks at the performance of Kandla SEZ one of the oldest multi-product SEZ. All is not well with IndiaÂ’s Special Economic Zones (SEZs), particularly in the non-IT/ITEs sector. Many of these SEZs are grappling with a sharp slowdown in growth. Not many new SEZs have come up in recent years.
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Risk Management: Mitigating delivery flaws
Infrastructure projects, by their very nature, are long duration and capital intensive. Keeping in mind the nature of infrastructure projects, both the companies and governments involved in the development of infrastructure have to devote significantly high investments, and human and technical resources.
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Kerala monorail projects
Kerala Monorail Corporation (KMCL) set up a subcommittee to hold talks with Delhi Metro Rail Corporation (DMRC) on terms and conditions for consultancy for two monorail projects. The subcommittee would negotiate with DMRC and submit a report at the next board meeting of the KMCL scheduled for the second week of January.