The country's infrastructure companies are increasingly taking up projects in Africa to offset the impact of slowdown in domestic orders because of delayed decision-making by the government, hurdles in land acquisition and environmental clearances.
Category: ECONOMY & POLICY
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Public procurement: Reforms to make procurement professional
Public procurement has been under scrutiny because it is suspected for poor material quality and corruption. Vinod Dhall explains how a new department in the making, hopes to clean up and bring about systemic reforms in public procurement.
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RInfra launches mobile environment monitoring system
Reliance Infrastructure (RInfra) launched a mobile environmental monitoring system at the140-km stretch of Pune-Satara corridor. Shrimat Chhatrapati Udyan Raje Bhonsale, MP, flagged off the mobile van at Annawadi Toll Plaza.
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Infra projects on fast track
Worried by the looming European economic crisis and the slow progress of some major public sector infrastructure projects worth Rs 30,000 crore, which could impact the already sluggish economic growth, the Government has decided to put them on fast track, by addressing logistical and environmental concerns.
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FM pitches to US investors for infra projects
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 inforĂÂmed the gathering that his government was working towĂÂards building a consensus on a number of pending policy issĂÂues, like introduction of Goods and Services Tax, National Manufacturing Policy, liberalisation of FDI 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 villaĂÂges, is all set to begin its second phase soon. Airtel, which is a partner in the project, has chaĂÂlked 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.