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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.

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Privatisation of airports on hold till elections

Privatisation of airports on hold till elections

The Ministry of Civil Aviation will take up the privatisation of six major airports only after the elections, according to a top official in the ministry. A parliamentary panel had opposed the government's decision of privatising six airports in Kolkata, Chennai, Lucknow, Jaipur, Ahmedabad and Guwahati. The government had decided to allow private parties to pick up 100 per cent equity stake in operation and management of these airports.

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GMR to bid for all six airports

GMR to bid for all six airports

GMR Group plans to bid aggressively for all the six airports that the government will privatise. The company does not intend to tie up with any player as it is eligible to bid alone this time.