Finance Minister Pranab Mukherjee has said the country offers huge scope for US firms to participate in its $1 trillion infrastructure development plan. At the USIBC-FICCI round table, Mukherjee inforÂmed the gathering that his government was working towÂards building a consensus on a number of pending policy issÂues, like introduction of Goods and Services Tax, National Manufacturing Policy, liberalisation of FDI policy
Category: ECONOMY & POLICY
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Vox Pop: Procurement is now sophisticated, international
Procurement practices are constantly being redefined, yet understanding of technology and competition is still young, say experts.About 60 percent of an Engineering, Procurement, Construction (EPC) project cost goes to procurement. Have you seen an evolution from procurement to supply chain management?
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Extra time for SEZ projects
The government has given more time to as many as 37 special economic zone (SEZ) developers to execute their projects. At a meeting, the Board of Approval (BoA) headed by Commerce Secretary Rahul Khullar also allowed five SEZ developers to surrender their projects
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Draft on new SEZ rules
The Commerce Ministry said there is a need for a relook at the land ceiling rules for Special Economic Zones (SEZs) in view of protests against land acquisitions and it will shortly come out with a draft to bring changes in the SEZ Act of 2005.
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GSPC, BG India for long-term LNG supply
Gujarat State Petroleum Corporation (GSPC) entered into a preliminary agreement with BG India, subsidiary of the BG Group, for the long-term supply of up to 2.5 million tonne per annum (mtpa) of liquefied natural gas (LNG). The agreement will help GSPC bridge the widening demand-supply deficit, both in Gujarat and across India
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Second phase of e-Gram project
The e-Gram project the of Gujarat government, which has so far covered 13,700 villaÂges, is all set to begin its second phase soon. Airtel, which is a partner in the project, has chaÂlked out the second phase plan. Of the total over 18,000 villages in the state, 13,700 have already been covered while in the second phase aims at covering the remaining villages.
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Draft telecom security policy
A telecom security policy mandating that at least 50 per cent of all 'core telecom network equipment' be indigenously developed or manufactured is being proposed.
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6,201 MW hydro capacity
A hydro capacity of 4,710 MW has been commissioned so far, as against the mid-term review target of 8,237 MW for the 11th Plan.
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Karnataka maritime board
Karnataka Minister for Ports Krishna Palemar has said that the state government is planning to establish a maritime board for developing the sector.
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SEZ: The Dealmakers' Dealbreaker
The government's highly motivated optimism on SEZs is not reflected among the practitioners, and it should come as small surprise that after a lengthy wild goose chase by our office, the Commerce Ministry officials kept bouncing us around from bureaucrat to another, confusing matters, and in effect dodging hard questions.