Macquarie Group and State Bank of India are drawing up plans to raise $1 billion to $1.5 billion for their second fund to invest in infrastructure assets and companies in India, according to sources.
Tag: infrastructure
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India to get $975 mn WB loan for rail project
The World Bank (WB) has signed a $975 million loan agreÂement with the Indian government to build part of a massive freight railway line connecting north and eastern India. India is infusing huge investment into overhauling its ageing infrastructure network,
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MCD's 4 projects scrapped
Four projects of Municipal Corporation of Delhi's (MCD), which were funded by the Central government's Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme in December 2009
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Infra companies keen on Africa
The country's infrastructure companies are increasingly taking up projects in Africa to offset the impact of slowdown in domestic orders because of delayed decision-making by the government, hurdles in land acquisition and environmental clearances.
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Private investments rising
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.
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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.