To cut its promoters' debt and expand its chemical business, Chennai-based chemicals-to engineering conglomerate Sanmar group will raise Rs 250 crore from American private equity fund Kohlberg Kravis Roberts (KKR).
Category: ECONOMY & POLICY
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Centre proposes big projects for Seemandhra
The Centre, in an effort to assuage the Seemandhra people, following its decision to bifurcate Andhra Pradesh to create Telangana, is pushing for big-ticket projects and other sops keeping in view that Vijayawada may be proposed as the capital of the Seemandhra region.
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Economic integration key to foreign policy: PM
While addressing the Annual Conclave of Indian Ambassadors and High Commissioners in Delhi, Prime Minister Manmohan Singh said on November 4 that economic integration has become a crucial element in India's evolving foreign policy. He said developmental aspects have come to govern IndiaĂâs strategic relationship with other countries.
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Govt to launch IPDS at Rs 500 cr in 12th Plan
During the 12th Five Year Plan, the Union Cabinet Committee on Economic Affairs has approved the launching of a new Integrated Processing Development Scheme (IPDS) with a total cost of Rs 500 crore and to establish four to six brown field projects and three to five green field projects addressing the environmental issues faced by textile processing units.
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A catalyst for change
While the industry grapples with challenges like escalating project costs and prolonged construction periods, emerging technologies can redefine the Indian construction industry and take it to the next level globally. Technology is emerging as a catalyst for change, writes Garima P.
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Need big projects to take off: Experts
If there is a signal from the government for continuous development in the form of announcement of infrastructure projects, then equipment manufacturers will not shy away from further investments. A lot of manufacturers have come in, invested and are now waiting for such big projects to take off.
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We aim to cross 10,000 companies mark by 2015
DMCC adds six new companies each day to its Free Zone. Gautam Sashittal, who joined in 2009 as Chief Operating Officer of DMCC, tells Janaki Krishnamoorthi that the largest Free Zone in the UAE will keep working to keep Dubai as the gateway for that trade.
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Some of the rules and guidelines have to be reframed
I cannot say much on this as of now, as certain issues have yet to be streamlined. Today, FTZs/FTWZs are functioning under the SEZ Act and rules. However, we realise that the activities of FTWZs are of different nature and their requirements are also different. Hence, some of the rules and guidelines have to be reframed. The process is on.
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Companies hope to extract business benefit
CSR may become mandatory for larger business, but the government is unlikely to be too stringent on companies that seek business benefits from them. The recent inclusion of corporate social responsibility (CSR) has become a point of widespread debate among various industries
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Belling the insurance cat
Project owner or contractor-who should be buying the insurance? Vikash Khandelwal explains. On a recent flight back to Delhi, I bumped in to a builder friend, who told me that in most of his projects, he asked his various contractors to buy insurance policies on their contracts.