Private sector's role in infrastructure is poised for significant growth in the 12th Five Year Plan, possibly accounting for about 35-40 per cent of projected investment of $1 trillion, said JP Nayak, President, Larsen & Toubro.
Tag: infrastructure
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PPP panel clears 5 projects
A high-level committee to approve public private partnership (PPP) projects cleared five infrastructure sector projects envisaging total investment of about Rs 7,000 crore.
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Procurement policies and practices: At what cost our projects?
With the best designing technology available, why do bridges still collapse and trains still crash in our country? How can our EPC developers and contractors guarantee the best quality material and equipment at best prices?
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FM pitches to US investors for infra projects
Finance Minister Pranab Mukherjee has said the country offers huge scope for US firms to participate in its $1 trillion infrastructure development plan. At the USIBC-FICCI round table, Mukherjee inforÂmed the gathering that his government was working towÂards building a consensus on a number of pending policy issÂues, like introduction of Goods and Services Tax, National Manufacturing Policy, liberalisation of FDI policy
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New environment may curb mining, not illegal mining
The recent mining scams have sounded a wake up call, and yet definitive action to prevent illegal mining has not come forth.Will new laws such as higher taxation and profit sharing help the cause of the government’s efforts to curb illegal mining through technology and strengthened monitoring? Charu Bahri goes beyond the regular headlines of new scams and ends up not being convinced the new law will curb illegal mining.
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Indian EPC 2011: Driving growth efficiently
As with all ideas that promise (relative) speed, simplicity and quality, Engineering, Procurement and Construction (EPC) has caught on quickly.The order books of the over 150 players in the arena are bulging, and there is increased interest in this sector from experienced foreign players who have made their India foray, new to the sector Indian conglomerates as well as pan-Indian infrastructure developers.
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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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Fin Min clarifies infra definition
Infrastructure will soon have a wider and uniform definition that will encompass some aspects of education and health as well, ensuring asset creation across a number of sectors by making them eligible for various incentives. A panel of secretaries of various ministries is expected to clear the finance ministry's proposal.
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China bank to fund Indian infra
Just as the world’s largest bank in terms of profit, market capitaliÂsation, and customer deposits veÂntured into India last month with plans to fund the infraÂstructure sector, the Indian govÂernment also gave its nod to Indian comÂpanies to raise loans up to $1 billion in Chinese yuan.
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The L-Factor
It is as though news of the slow growth of 7.7 per cent-the slowest in six quarters-as reported for the quarter ending June, as against a healthy 8.8 per cent in the same period last year, was anticipated with resignation.