Logistics cost in India is approximately 14 per cent of GDP, while the number for most developed nations is about 9-10 per cent. On a 1.6 trillion GDP, this represents absolute value of inefficiency and therefore a logistics market potential of over $65 billion.
Tag: Infrastructure Today
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Image makeover
NC Jha, Director Technical, took charge as the acting Chairman of Coal India (CIL) after Partha S Bhattacharya retired on February 28.
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Merchant power cos under pressure
Lower merchant power rates and higher coal prices would ensure sustained pressure on profitability of non-integrated companies.
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Vizag vs Gangavaram
The Visakhapatnam port has improved its performance from the last financial year, but it is still likely to fall short of the target set by the Union Shipping Ministry.
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4 runways for Sriperumbudur airport
The proposed greenfield airport at Sriperumbudur near Chennai will now have four runways, instead of the two planned earlier.
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Cairn-Vedanta deal in ONGC's court
The government’s law officers have held that Edinburgh-based firm needs ONGC’s consent to sell its majority stake in Cairn India to Vedanta Resources.
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REC to launch 3 SPVs
REC Transmission Projects Company (RECTPCL)—Bid Process Coordinator (BPC) for three transmission projects—will incorporate three Special Purpose Vehicles (SPVs).
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3i deploys Rs 700 cr on infra projects
T3i India Infrastructure Fund, part of the UK-listed 3i group, has invested about $157 million (about Rs 700 crore) in road and power projects, taking close to four months to close the deals as increased approvals from authorities and the fund’s own stricter due diligence extended the time.
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Fukushima-Daiichi aftermath
In the aftermath of the tsunami in Japan, the Centre is considering fine-tuning its plans of locating power plants, along the coast.
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Rs 5 lakh crore in 2012-2017
The telecom sector will witness investments to the tune of Rs 5 lakh crore in the next Plan (2012-2017).