Energy Efficiency Services (EESL), under the administrative control of Ministry of Power, Government of India, signed an agreement with the Greater Hyderabad Municipal Corporation (GHMC), to lease out electric vehicles (EVs) and install EV chargers at its offices.
India's fragile and finite water resources are depleting, while the multi-sectoral needs of water from sustained economic growth (over 8 per cent) will further increase demand for water with supporting dynamics like increased energy and consumption.
Tilak Raj Seth, Executive Vice President, Mobility, Siemens, feels implementation of PPP will provide a fillip to railway projects in India. However, given the size and rapid growth in the country's rail sector, availability of trained manpower will remain a primary challenge.
In order to establish an urban infrastructure financing mechanism and to attract investment for financing and management of the urban infrastructure projects in the state, the AP government, along with IL&FS, has set up AP Urban Infrastructure Asset Management Limited (APUIAML).
The Tamil Nadu Infrastructure Fund Management Corporation Ltd (TNIFMC), an asset management company (AMC) formed under the Tamil Nadu Infrastructure Development Board (TNIDB), plans to raise an alternate investment fund of around $1 billion to support infrastructure development in the State.
The Securities and Exchange Board of India (SEBI) has approved new norms for issuance and listing of municipal bonds or Muni bonds on stock exchanges. The decision will help raise funds for infrastructure projects and the governmentÂ´s smart cities initiative.
According to a report by the Road and Building Committee of the Ahmedabad Municipal Corporation (AMC), there are 13 stretches in the city's west zone which have been damaged. Six of them would be repaired by the AMC road project and the rest by contractors as they fall under the guarantee period.
IL&FS Infra Asset Management (IAML), an Asset Management Company (AMC) signed a Memorandum of Understanding (MoU) with eight Public Sector Banks (PSBs) for acquisition of infrastructure loans. IAML was promoted by IL&FS Financial Services (IFIN) to manage the IL&FS Infrastructure Debt Fund (IIDF
Finance Minister P Chidambaram welcomed investment from foreign insurance, banking and asset management companies in India. During his visit to Tokyo, Japan, he said these companies have shown keen interest to investment in India and they were welcome. Insurance companies, large asset management com