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.
Category: ECONOMY & POLICY
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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.
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Maharashtra unveils new industrial policy
MaharashtraÂ’s New Industrial Policy 2013-18 announced recently proposed an investment of Rs 5 lakh crore, jobs for two million people, new industrial corridors and attractions for micro, small and medium industries.The new policy which aims to increase the state GDP to 28 per cent will be implemented from April 1 and will be valid for five years, it was officially announced.
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Maharashtra unveils new industrial policy
MaharashtraÂ’s New Industrial Policy 2013-18 announced recently proposed an investment of Rs 5 lakh crore, jobs for two million people, new industrial corridors and attractions for micro, small and medium industries.The new policy which aims to increase the state GDP to 28 per cent will be implemented from April 1 and will be valid for five years, it was officially announced.
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Cost-overrun on infra projects pegged at ` 520 bn till Mar 2012
At the end of the 11th Five Year Plan on March 31, 2012, cost overrun for various infrastructure projects monitored by government was Rs 52,150.68 crore.This information was given by the Minister of State for Statistics and Programme Implementation Srikant Kumar Jena in Lok Sabha.
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Cost-overrun on infra projects pegged at ` 520 bn till Mar 2012
At the end of the 11th Five Year Plan on March 31, 2012, cost overrun for various infrastructure projects monitored by government was Rs 52,150.68 crore.This information was given by the Minister of State for Statistics and Programme Implementation Srikant Kumar Jena in Lok Sabha.
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McNally Bharat gets contract
McNally Bharat Engineering has bagged a contract worth Rs 733 crore from ACC for construction and installation of a cement plant. The order comprises onshore supply, civil construction and installation & erection of New
Jamul Cement plant. The order has a contractual delivery period of 30.5 months, it said.