Industry bodies like Assocham and Confederation of Indian Industry (CII) welcomed the government's move to attract more foreign direct investment (FDI) in certain sectors. The government recently allowed 100 per cent FDI in telecom, hiked FDI limit in insurance sector to 49 per cent and took steps to promote foreign capital inflow in defen
Tag: infrastructure
Post
Post
Experts want govt to develop satellite towns
Experts suggest the Karnataka government to set up satellite towns around Bengaluru and provide commuter rail connectivity to these towns in order to de-congest the IT city. According to experts, it is only the development of suburban towns around Bengaluru and provision of a rail network which can reduce population concentration in the main
Post
Group to discuss Rs 1 trillion worth infra projects
The Steering Group, headed by the Principal Secretary to the Prime Minister, would hold its maiden meeting on July 19, 2013. During the meeting, the group would discuss the preparation and award of key infrastructure projects with an estimated cost of Rs 1 lakh crore. These projects include- Mumbai Elevated Rail Corridor Project, two locomotive projects, accelerating Eastern Dedicated Freight Corridor, an expressway proj
Post
Govt may implement Rs 140 bn metro project in 3 phases
Assam Chief Minister Tarun Gogoi informed that the proposed metro rail project in Guwahati may cost Rs 14,000 crore and it may be implemented in three phases. It may be noted that recently the union government cleared the proposal for the project and also earmarked
Rs 25 crore for the feasibility study and the preparation of a
Post
Delhi civic bodies to get Rs 50.9 bn from state govt
The three municipal corporations in Delhi received a cumulative allocation of Rs 5,095.25 crore from Delhi government to implement various civic amenities projects during 2013-14. This is a cumulative allocation under various forms such as grant-in-aid, basic tax assignment, compensation against parking fees, share in stamp dutie
Post
Cargo volume declines in major ports
Data compiled by the Indian Ports Association (IPA) shows container cargo volumes at the 12 major ports in India declined to 1.87 million standard containers in April-June 2013 quarter at from 1.94 million a year earlier. During the same quarter, these 12 ports, which account for about 58 percent of the total cargo shipped through the countryÂ’s ports, handled 137 million tonne (mn
Post
Dredging cost may hit profitability of ICTT
The profitability of the Vizhinjam international container transhipment terminal (ICTT) is under question because of the annual maintenance requirement after every monsoon season. According to hydrographic surveyor Commander John Jacob Puthur (retd), the terminal requires dredging after each monsoon to remove at least 3 million cubic metre of silt at a minimum annual maintenance cost of Rs 3
Post
Major ports witness rise in coal cargo
The 12 major ports in the country witnessed 43.96 percent rise in the handling of thermal coal cargo at 19 million tonne (mn t) during Apr-Jun 2013 from the year-ago period. This include mostly the import of thermal coal for power plants in the country. At a time when growth in the general cargo volume is stagnant across all major ports, the rise in the import of coal by domestic power producers may provide relief for these ports, reports
Post
Board of APSEZ to meet on Aug 1
On August 01, 2013, the Board of Directors of Adani Ports and Special Economic Zone would meet to consider and adopt Unaudited Financial Results for the quarter ended June 30, 2013. Adani Ports & Special Economic Zone (APSEZ) is a part of IndiaÂ’s leading infrastructure conglomerate the Adani Group
Post
Minister invites French investment in infrastructure
Commerce and Industry Minister Anand Sharma welcomed French government and companies to invest in infrastructure, transport, high technology, energy and other sectors in India. He discussed mutual cooperation in the field of economy and business during his meeting with French Minister for Foreign Trade Nicole Bricq in Paris. Sharma also requested the French Minister to enco