The growth of India's natural gas sector has been constrained by curbs imposed by pricing and marketing policies of the government, a FICCI-PWC report said last week. The gas sector in India holds tremendous potential.
Tag: India
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Workers’ strike at major ports on Feb 20, 21
To protest against the 'anti-labour and anti-port policies' of the government, workers of major ports in India will strike work on February 20 and 21. SR Kulkarni, president, All India Port & Dock WorkersÂ’ Federation said that the present policy of the government enforced under the pretext of port reforms is nothing but intended to handover the existing ports into the hands of multinational companies.
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India offers Myanmar to build roads, bridges
Indian Foreign Secretary Ranjan Mathai has stated that India has offered to build 71 new bridges in Myanmar on the Tamu to Kalewa highway. He added that a team from the Road Transport and Highways Ministry is visiting that country as part of the project.
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Road sector’s slowdown hits construction equipment sales
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.
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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