ĆĀ“The Andhra Pradesh Government is expecting 139 new infrastructure projects across the state over the next five years that would see an investment of $30 billion,ĆĀ“ said Ajay Jain, Secretary, Infrastructure and Energy.
Tag: infrastructure
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GIDC to receive Rs.700 crore
Goa government has proposed to increase the budget of the Goa state infrastructure development corporation (GSIDC) to Rs 700 crore which is almost three times of the previous year.
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Government amends norms for financial support to PPP
The Government has approved amendments to the Public-Private Partnerships (PPP) guidelines to enhance financial support to projects in infrastructure sector.
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A call on telecom
IndiaĆĀ“s telecommunication network is the third largest in the world and the second largest among the emerging economies of Asia. It has witnessed phenomenal growth over the last decade as substantiated by the following facts and figures
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Smart cities will need smarter administration
A smart cityĆĀ“s command centre will manage everyday services such as power distribution, water and solid waste management.
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Tata Power SED to invest Rs.500 crore
Tata PowerĆĀ“s defence engineering unit, Tata Power Strategic Engineering Division (SED), is investing around Rs 500 crore in Vemagal, Kolar district, Karnataka. It is planning to set up a manufacturing plant dedicated to the defence sector. The new plant, which is expected to come up in 50 acres of land, will be the companyĆĀ“s largest manufacturing unit set-up in the country.ĆĀ“
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Govt to establish infrastructure fund
Finance Minister Arun Jaitley proposed the setting up of a National Investment and Infrastructure Fund (NIIF) with an initial corpus of Rs 20,000 crore that can be leveraged by infrastructure companies.
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SBI chief for new infrastructure financing model
State Bank of India (SBI) chairperson Arundhati Bhattacharya said India needs to identify new models for infrastructure development and financing in order to take the country forward on the economic front.
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NDA Govt to hike infrastructure investment for FY 2015-16
The National Democratic Alliance (NDA) Government has committed to reviving the investment cycle by increasing public expenditure in capital formation. Finance minister Arun Jaitley announced an overall increase of Rs 70,000 crore in investment in infrastructure in 2015-16 over the current year.
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PPP model needs revamp
Restructuring of Public Private Partnership (PPP) framework in infrastructure sector would help revive financially stressed projects and attract private investment, the Economic Survey said.