GMR Group is one of the few developers that is gung ho on SEZs. Their Rs 26,000 crore SEZ, coming up in Kakinada, Andhra Pradesh, is being constructed at full pace in the face of scepticism and uncertainty regarding SEZs in the country.
Tag: government
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NLC eyes on cancelled NTPC coal blocks
The Union Government received request from Neyveli Lignite (NLC) to allocate three coal blocks that were recently withdrawn from NTPC.
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Revised DFR for Azhikkal port
Following the refusal of investors to participate in the tendering process, Kerala government has called for a revised detailed feasibility report (DFR) from the consultant, Deloitte India, for the development of Azhikkal port in Kannur district.
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Oil Min against independent regulator
The Oil Ministry accepted Chawla Committee's recommendation to make functioning of the Directorate General of Hydrocarbon (DGH) more transparent to prevent corruption charges.
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700 MW nuke plant
Following the government approval, the construction of the 700 mw indigenous Pressurised Heavy Water Reactor (PHWR) atomic power plant at Rawatbhata in Rajasthan began.
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We need a central logistics council
Dr. Anwarul Hoda, Chair Professor of ICRIER's Trade Policy and WTO Research Programme, and former Planning Commission Member, chaired the Working Group on Logistics last year, and explains to Shashidhar Nanjundaiah the role of the Central Logistics Development Council, which the Group had recommended but is yet to see the light of day.
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New financing tool to boost infra funding
The government is likely to clear a new financing tool, which would help infrastructure project developers access funds at a cheaper rate based on a guarantee and also free funds for banks to lend to industry and retail borrowers.
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UMPP projects a huge draw
Tata Power, Larsen & Toubro, Adani and Vedanta are amÂong the 20 companies that have bid for the government's fifth ultra mega power project (UMPP) at Bedabahal in Orissa.
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Paradip coal berth project to begin in Sept
The work on coal and iron ore berths at the Paradip port, already delayed by two years, is expected to start in September.
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Lock-in period of infra bonds to be halved
Aiming at creating greater interest among foreign investors, the Finance Ministry has decided to halve the lock-in period for foreign portfolio investments in infrastructure boÂnds to on-and-a-half years.