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FDI Ultimate Game Changer

FDI Ultimate Game Changer

Though investment in infrastructure is expected to touch $1,025 billion in the Twelfth Five-Year Plan (2012-17), many hurdles are choking investment inflows despite the government´s overdrive to attract funds. The government´s recent decision to open up the railway sector to Foreign Direct Investment (FDI)

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Air travel in smaller cities to take off

Air travel in smaller cities to take off

The Union Civil Aviation Minister Ashok Gajapathi Pusapati Raju said his ministry is focusing on improving air connectivity in the country. The ministry has cleared six proposals allowing them to launch airlines after getting the requisite approvals.

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Mutual benefits

China´s interest in supporting development of the infrastructure sector in India will lead to a win-win situation for both the economies, says Prabodh Thakker, President, Indian Merchant´s Chamber. Excerpts China is keen to finance India´s infra development plan.

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Govt to develop 5 airports

Govt to develop 5 airports

The Civil Aviation Ministry will start the development of five no-frills airports and award management contracts of four airports to private operators in the current financial year.

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Cargo operations at 24 airports

Cargo operations at 24 airports

The Civil Aviation Ministry has identified 24 airports for the development of domestic air cargo terminals. The governments plan calls for the creation of a national logistics network for the faster movement and clearance of goods

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PEL partners with APG for $1billion infra JV

PEL partners with APG for $1billion infra JV

Piramal Enterprises Ltd (PEL) is tying up with the worlds second largest pension fund APG Asset Management (APG) to invest $1 billion in Indias roads, ports, airports, power plants, telecom towers, the education and healthcare sectors.