The mounting debt of Rs 3 lakh crore reeling over Maharashtra is a cause of concern for its finance minister. Further, an interest payment of Rs 26 crore per day is a worry factor too.
Tag: infrastructure projects
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Clear state policies is the need of the hour
One of the major reasons why SEZs have not taken off in a major way in India is on account of the intrinsic lack of export competitiveness, says Indranil Dasgupta, Chief Executive Officer-Industrial Zones, ATTIVO Economic Zones, Srei Infrastructure Finance Ltd.
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Ultra-modern ´godowns´
Warehousing market is pegged at Rs 56,000 crore and is expected to grow annually at an average rate of 8 to 10 per cent over the next 5 years to reach a level of 1500 to 1600 million sq ft by 2020.
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Egis India working on over 60 infra projects
The global perception that it is not easy to do business in India due to the ´license raj´ is changing as the present government is playing an active role in this regard, says Nicolas Jachiet, Chairman & CEO, Egis Group.
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Rent and reward
True wealth to the nation is generated only when the land is put to productive use. Long-term land lease over land acquisition can accelerate the investment cycle in India.
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AP to adopt land pooling model for large projects
Encouraged by the feat of getting almost 30,000 acres of land in only three months to build a new capital near Vijayawada, the Andhra Pradesh Government is looking at adopting the land pooling model for all large public private partnership infrastructure projects in the state.
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Delays, cost overruns plague infrastructure projects
Four out of every 10 Central Government infrastructure projects are running behind schedule or have overshot original cost estimates, providing evidence of the heavy toll taken on project execution by delayed regulatory approvals, financial constraints and stalled land acquisition.
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Maharashtra wants infra project funds
The Maharashtra government has contacted the Centre, demanding release of pending funds for major infrastructure projects in Mumbai and across the State. The letter was handed over by CM Devendra Fadnavis to Union Urban Development minister M Venkaiah Naidu.
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India has the capacity to fund projects more than Rs.1 lakh crore annually
In a candid interview, finance veteran Arun Purwar, Chairman of IndiaVenture Advisors Pvt Ltd & PHL Finance, suggests that since the bond market is deep enough to take care of funding requirements of infrastructure projects, the government must encourage infrastructure fund raising through the bonds.
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US keen to collaborate on infra
Noting that US companies have plenty to offer for India, USA´s Minister Counsellor for commercial affairs, John McCaslin, said that a core group of 30 US companies have expertise in IT-enabled services and data analytics, which are crucial elements for developing smart cities.