Construction equipment market in India has been shrunken due to the slowdown in road projects and delays in environment clearances. The present construction equipment market in the country is valued at $3.5 billion. A ban on quarry activities in many States has also impacted the sector.
Tag: India
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Ministry aims to reduce oil import
Petroleum Minister M Veerappa Moily said the government plans to reduce the import dependence for crude
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Economy may grow 5-6% next yr
According to a joint survey by Confederation of Indian Industry (CII) and McKinsey & Co, Indian economy may expand 5-6
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New h’way projects give fillip to construction industry
The road construction sector in India has picked up in 2012 after a slowdown in road projects last year. National Highway Authority of India (NHAI) has awarded about 4,375 kilometers of roads in the first nine months of 2012.
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J’suguda airport in Orissa becomes operational from Nov 2
The long-dream of the people of western Odisha materialised on November 2 with a plane landing at the Jharsuguda airport, one of the oldest, in India. The airport was operational till 1978.
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FIIs to get flexibility in infra bond investments
In a move to stimulate the foreign flows into infrastructure bonds, the Finance Ministry has eased norms for foreign institutional investors (FIIs) for investing in long term infrastruÂcture bonds. To lure FIIs, it has reduced lock-up period on such holdings to one year from three years for a five-year bond for overseas institutions investing up to $5 billion in infrastructure bonds.
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Given our policies, we are lucky to get investors in India
Problems exist at both policy and execution levels in infrastructure sectors, making the country a high-risk investment destination as policymakers have lost out on India’s big advantage as an investment destination, Nasser Munjee, Chairman, Development Credit Bank Ltd
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Infra concerns in India, US comparable: Pressler
India infrastructure investment conference in New York emphasised India’s high investment potential, the need for more liberalisation, and citizens’ role in taking advantage of a democratic system to elect visionary leaders who can ensure continued investment opportunities.
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Crude oil production up
India’s crude oil production rose by 1.6 per cent in August to 3.24 million tonne as higher output from Cairn India operated Rajasthan fields offset the decline at the state oil and gas explorer ONGC’s assets. Cairn’s Rajasthan oilfields produced 542,000 tonne, 1.8 percent more than August 2010. On the other hand, ONGC saw a decline in output by 1.1 percent to 2.03 million tonne.
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Coal projects face obstacles
The country’s increasing energy needs are being hampeÂred by regulatory delays for coal mining projects. India could import around 250 million tonne of coal a year by 2015, more than double import levels this year, says Coal Minister Sriprakash Jaiswal.