The road sector is suffering from immobility! Surprised? The road sector is suffering from immobility! Surprised? Let us say that it has landed in a standstill spot. Its ability to construct beyond 40 km per day is probably 15% as the rate at which we have seen the construction get executed has always been between...
Tag: development
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How the ₹10 trillion capex will power rail, road & urban infra
Pratap Padode, Founder, FIRST Construction Council decodes what the finance minister has planned for infrastructure and development. Finance Minister Nirmala Sitharaman continued the thrust on infrastructure as she announced a capital expenditure outlay of ₹10 trillion for the financial year 2023-24. This would be a 33% increase from the CAPEX allocation announced in the previous...
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Centre agrees to pay Rs 6,320 crore as oil royalty to Assam
The Centre has agreed to pay Rs 6,320 crore to the Assam government as crude oil royalty as part of an out-of-court settlement after eight years of protracted legal battle.
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PE inflows into real estate sector up 62percent to Rs.38,000 cr
Private equity inflows into the country´s real estate sector surged 62 per cent to Rs 38,000 crore, during 2016, largely helped by Parliament´s clearance of two significant legislations - the Real Estate (Regulation and Development) Bill and GST, says a report.
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The Post GST Logistics of BIGGER WAREHOUSING
India´s burgeoning logistics and warehousing sector is set for an explosive growth trajectory, in the wake of the implementation of the Goods and Services Tax (GST) regime.
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Shipping Ministry to invest Rs.14,225 cr on port projects
In order to bring the Major Ports in India at par with its contemporaries across the world, Ministry of Shipping has been emphasising on creation of additional capacities through development and construction of new berths/terminals, revamp of existing berths and terminals and other modernisation projects.
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Industrial development along ports to get a push
The shipping ministry is set to launch the National Perspective Plan (NPP) by January next year, aimed at comprehensive and integrated development of coastline.
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Revival of Indian Shipbuilding
What has prevailed in the last 1000 years is not going to change in the foreseeable future. Merchant ships will continue to be the major means of trade across the oceans of the world. Warships will continue to provide international maritime security, keeping our sea lanes of communication safe and navigable for calm and peaceful trade.
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FDI norms eased in construction
The Cabinet has relaxed norms for foreign direct investment (FDI) in construction development to make the sector more attractive for overseas investors.
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Doing more with less
Smart cities will encourage sustainable development. They will also help to optimise resources, to meet the demands of growing urban populations. These cities would also encourage usage of shared services among different utility functions.