As the government prepares to divest PSUs and raise Rs 54,000 crore, it will simultaneously urge PSUs to invest in infrastructure projects. While this is a smart move to reinvigorate the stranded sector, the irony of public sector investment in private side of equity is not lost. While they stare at a disappointing year for PSUs on the stock exchanges, what has galvanised many of these mammoth organisations that have transformed these custodians of public money into vibrant, corporate and profit
To provide finance for projects in Asia Pacific region, the Asian Development Bank (ADB) is to set up Asia Pacific Infrastructure Fund. The Manila-based ADB said it is now looking at a Asia Pacific Infrastructure Fund for infrastructure investment in Asia-pacific region.
WorldÂ´s largest solar-powered desalination plant is being planned by the United Arab Emirates (UAE). The proposed plant would process more than 22 million gallons of potable water per day, according to reports. UAE said that the solar-powered new plant at Ras Al Khaimah emirate would also generate 20 MW of electricity.
Japanese companies will build manufacturing facilities near Chennai. Japanese companies- Hitachi Automotive Systems, Ajinomoto and Takasago International Corporation are among the early players to enter into agreement with Ascendas and a Japanese consortium in setting up a 1,450-acre integrated industrial township, 50 km south of Chennai. Ascendas said that it has entered into agreements with the three companies to take up space at the township.
To deliver packages to the millions of online shoppers in rural India, logistics sector is likely to invest at least Rs 500 crore in the next five years by setting up small outlets in the vast rural landscape. Gati and Blue Dart Express are aggressively penetrating deeper into India to tap the potential lying with more internet savvy and well-off consumers. Investment will be in the form of technology, office space, people, fleet, warehouses and new processes.
It should be no surprise that PSEs emerge right on top when it comes to efficiency and performance, given their inherent rather than acquired advantages. But, writes Maya Sinha, the flip side is that they have not redefined their own strengths to achieve better productivity the very accountability that defines PSEs is hampering speedy execution.
In the next three years, Tata Power is exploring various options to raise around Rs 5,000 crore in the next three years. Tata Power has an installed generation capacity of over 8,500 MW. The company has also embarked on ambitious expansion plans, including setting up projects in Vietnam and Georgia. For raising funds, the power utility has said that it is studying all possible options.
A report by Mercom Capital Group says that India is projected to see a solar power generation capacity addition of 1,750 MW next year. Noting that new solar installations so far this year have been around 900 MW, Mercom on 20 November stated that India is not likely to register any significant year-over-year growth for 2013. However, during this period, global solar market is estimated to see 20 per cent growth.
The Pune Municipal Corporation (PMC) approved the draft for the revised city development plan (CDP) for 2041 as per the central government mandate to receive funds under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The central government will soon roll out the second phase of JNNURM and civic bodies selected as beneficiaries were told to prepare CDPs to avail of the benefits
The Air India Express has decided to lift cargo from Trichy airport. Exporters from the region have been demanding Air India Express to lift cargo for long, and after the grounding of Mihin Lanka from April this year, the cry for cargo became strident. Since most of the exports are perishables, the Sri Lankan is the preferred carrier since it is the only airline that connects to most of the destinations in Europe and the Middle East.