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New technology

New technology

Using a new technology, called ´white topping,´the Aurangabad Municipal Corporation (AMC) would construct the road from Lemon Tree hotel to Jalgaon T Point, that is 2.5 km long, in the city. AMC is introducing the technology for the first time in the city and Rs 3 crore has already been approved for construction of the road.

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Chennai port parking yard

Chennai port parking yard

To ease traffic congestion the Chennai Port Trust (ChPT) will operate a parking yard at Tiruvottiyur in north Chennai. First the container trucks will have to visit the yard, get all documents verified and proceed to the port. This procedure will prevent vehicles waiting at Ennore Expressway from holding up traffic.

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ICICI Venture to raise Rs.1,685 cr

ICICI Venture to raise Rs.1,685 cr

The proposed ICICI Venture infra fund, which aims to invest in assets such as roads, ports, airports and seaports and infrastructure companies, has secured investment commitments of up to $270 million (Rs 1,685 crore) from major companies like LIC.

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Green roads

Green roads

In India, Zydex Technologies is looking to build up to 20,000 km of moisture-resistant green roads by 2016 using its nanotechnology. Such roads need no maintenance for about 15 years. The company has already completed about 500 km of roads in India with Border Roads Organisation and other agencies, the company said. Zydex has already built such highways in US, Europe and Africa.

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Chennai port parking yard

Chennai port parking yard

To ease traffic congestion the Chennai Port Trust (ChPT) will operate a parking yard at Tiruvottiyur in north Chennai. First the container trucks will have to visit the yard, get all documents verified and proceed to the port. This procedure will prevent vehicles waiting at Ennore Expressway from holding up traffic.

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A Disconcerting Year For PPP Ends

A Disconcerting Year For PPP Ends

This year was truly a vortex of a perfect storm, yet it has been a year of contrasts. The Indian industry is in dire need of political stability and the strength of leadership at the Centre, but at the same time, India recently overtook China as the most attractive investment destination in the world. This year, foreign institutional investment (FII) is at its peak, having crossed Rs 1 lakh crore.

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Govt to set up Rs.5,500 crore innovation fund

Govt to set up Rs.5,500 crore innovation fund

The Union government is likely to set up a Rs 5,500-crore Indian Inclusive Innovation Fund (IIIF). Media reports say that the Union Cabinet is likely to take up a proposal in this regard. The fund will be under the Ministry of Micro, Small and Medium Enterprises (MSME).