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)
Tag: Assocham
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ASSOCHAM seeks auction of all available spectrum at earliest
Pitching for auction of all available spectrum at the earliest, ASSOCHAM said government is losing Rs 2 lakh crore every year on account of spectrum that is lying idle. ASSOCHAM Chairman (National Telecom Council) T V Ramachandran said.
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Key project cost overruns at Rs1 lakh cr
Delays in key Central sector projects have led to steep cost over-runs, which have been pegged at Rs 1 lakh crore, according to ASSOCHAM's estimates. The report said, till March 2013, the cost over-runs had been worked out at Rs 94,800 crore in about 285 central projects.
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Foreign investment inflow to double
Foreign investment in the Indian economy is expected to more than double, with inflows from both foreign direct investment and foreign institutional investors set to surge above $60 billion in the current financial year, compared with the $29 billion in 2013-14, an ASSOCHAM note has projected.
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Govt urged to declare coastal shipping policy
The Union government has been urged to increase shipping around coastal area and enable hassle-free multi-modal transport. The requisition has been made by industry body Associated Chambers of Commerce and Industry of India (Assocham) and Yes Bank.
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Infra trust fund on its way
Under the finance ministry's new announcement, the revenues of a project will be transferred to the trust, which will then issue units to investors. Shilpi Aggarwal says the government is seeking innovative financing solutions for infrastructure.
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Assocham summit Infra trust fund on its way
Under the finance ministry's new announcement, the revenues of a project will be transferred to the trust, which will then issue units to investors. Shilpi Aggarwal says the government is seeking innovative financing solutions for infrastructure.
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Karnataka ranks 3rd in port projects under bidding
Karnataka ranks 3rd in value terms for projects under bidding in the ports industry in the public private partnership (PPP) sector as of 30 April, 2013, according to a study titled 'Port Developments in India' by Assocham, a trade body. Gujarat and Kerala occupies first and second place, the study sai. A statement from Assocham said that With 3 projects worth over Rs 3,200 crore, Karnataka ranks 3rd with share of about 40% in value terms for the projects under bidding. However, there are no port
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Minister asks firms to invest in oil and gas sector
The Petroleum Minister for Petroleum and Natural Gas M Veerappa Moily has emphasised the need for greater investment in the oil and gas sector. He said this while addressing an Assocham Seminar on Indian Economy in the context of global energy scenario. The minister said the government was committed to deal with the energy security issues. It is in this context that the gas pricing formula was recently revised based on th
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Industry bodies welcome FDI relaxation in key sectors
Industry bodies like Assocham and Confederation of Indian Industry (CII) welcomed the government's move to attract more foreign direct investment (FDI) in certain sectors. The government recently allowed 100 per cent FDI in telecom, hiked FDI limit in insurance sector to 49 per cent and took steps to promote foreign capital inflow in defen