In Andhra Pradesh, work on the Rs 16,000 crore Polavaram project will begin in three months. The contract will go to a consortium consisting of China based CGGC
Category: ECONOMY & POLICY
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Rs 2 tn infra projects in Karnataka
Infrastructure Development Department (IDD) of Karnataka government identified 189 infrastructure projects across eight key sectors that will require an estimated investment of Rs 200,657 crore.
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CPT’s new bagging system
Cochin Port Trust (CPT) will introduce an automated bagging system of cargoes.About 2,400 tonne of cargo could be bagged on a daily basis through the new arrangement.This is in view of the severe shortage of workers experienced in certain areas of cargo handling at the port.
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Plugging the efficiency gap
If done correctly, benchmarking pipeline performance can provide clear, reliable results and become a basis for prioritising future operational improvements. The catch? A stringent structure is critical to avoiding inaccurate and misleading results,
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Realistically Yours
Planners in the government are often like homegrown businesses: set a target much higher than needed, assuming a lower motivation and effectiveness among the people who implement it.
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Infra bond on int'l market
Government is exploring the possibility of issuing long term infrastructure bonds from the international capital markets.
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OPGC signs Integrity Pact
The Orissa Power Generation Corporation (OPGC) has signed a Memorandum of Understanding (MoU) with Transparency International India (TII).
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Rupee depreciation to hit infra sector
The rupee's depreciation is set to hit infrastructure sector projects dependent on international market borrowings and imported equipment in a big way.
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Japan promises aid for infra development
India and Japan have decided to enhance the earlier bilateral currency swap arranÂgement to $15 billion from the current $3 billion. A joint staÂtement, issued after official level talks between the Prime Minister, Dr Manmohan Singh, and his Japanese counterpart Yoshihiko Noda expressed the hope that this enhancement will further strengthen financial cooperation.
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Gemini's 4G gear plant
Gemini Communications is exploring the option of setting up a plant in India for manufacturing of 4G (fourth generation) equipment through its subsidiary company PointRed.The setting up of the plant will depend on a favourable government policy on the 4G rollout and access to low cost capital.