Compared to its neighbours, Tamil Nadu and Andhra Pradesh, Karnataka lags behind in both sanctions and disbursal of funds under the Rural Infrastructure Development Fund (RIDF) of the National Bank for Agriculture and Rural Development (Nabard).
Category: Infrastructure Finance
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GVFL to float Rs 1,000-cr fund
Aimed at strengthening the trade ties with China, Gujarat Venture Finance (GVFL) plans to launch a Rs 1,000-crore green energy fund to attract Chinese companies. According to GVFL, the fund is specific to Chinese companies interested in setting up plants for equipment
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DMIC to get $4.5 bn from Japan
The Delhi-Mumbai Industrial Corridor (DMIC) project will get assistance worth $4.5 billion from Japan.
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PTC India to launch PE fund
PTC India has entered into an initial agreement with a sovereign wealth fund to create a private equity (PE) fund with a start-up capital of $200 million.
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Srei Infra to raise Rs 500 cr
Srei Infrastructure Finance will raise up to Rs 500 crore through a public issue of infrastructure bonds. Srei has not issued retail infrastructure bonds so far, though the tax-saving tool has been available for the last two years.
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FM relaxes lending norms
The Finance Ministry has relaxed the lending norms for the warehousing sector in a bid to meet the growing demand for storage capacity.
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Rural roads: Country roads, take me home
A new opportunity knocks on the doors of private developers, especially those in the second-tier or contractors aspiring to be developers. Rural roads are all set to offer large opportunities this year as the government steps on the accelerator to see projects through,
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MVAS market to be at Rs 48,200 cr by 2015
The mobile value added services (MVAS) market in India is expected to increase to Rs 48,200 crore by 2015, according to a study by consultancy firm KPMG. According to the KPMG report, the MVAS market is expected to increase from Rs 12,200 crore in 2010 to Rs 48,200 crore by 2015, driven by the uptake of 3G services in urban as well as in rural areas.
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Expertspeak Ways to lure
Policy suggestions for private participation in rural roads.The way for the government to attract private participation in rural roads should be introduce innovative bidding and quality processes such as bundling allied projects into a road contract,says Hemant Kanoria.
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HMDA invites bids for infra
The Hyderabad Metropolitan Development Authority (HMDA) has invited bids worth Rs 115 crore for the development of infrastructure and creation of residential layout in one of the terminal stations of the mega Hyderabad Metro Rail (HMR) project.