Recently, the new domestic and international terminals at the Chennai airport were opened for public use by Vice-President Hamid Ansari. It may be recalled that the Airport Authority of India (AAI) built the terminals at a cost of Rs 2,000-crore to enhance capacity. The existing terminals had a capacity to handle six milli
Tag: infrastructure
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Infra sector may attract PE fund if govt takes steps
According to a report by consulting firm Ernst & Young, infrastructure sector may attract private equity (PE) funds if the government takes steps, both policy and administrative, to boost investment activity in the sector. In its recently released private equity annual report titled ‘Second Innings – An industry in transition’, the firm said
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Odisha CM unveils bus terminus at Keonjhar
The Rs 7 crore bus terminus built by Tata Steel at Keonjhar in Odisha was recently inaugurated by the state Chief Minister Naveen Patnaik. The state-of-the-art bus terminus was constructed over an area of 2.7 acre and is designed to accommodate 24 buses inside the bay and has provision for parking of four to six buses
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Slowdown or consolidation?
After every available rating and analyst firm from Nomura to Dun & Bradstreet and India Ratings expressed a negative outlook on IndiaÂ’s infrastructure, the inevitable, unpleasant moment arrived when the advance estimates, officially announced early this month, stated that the nation can only achieve 5 per cent growth the current fiscal, the lowest in a decade, and 0.7 per cent lower than anticipated earlier.
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Slowdown or consolidation?
After every available rating and analyst firm from Nomura to Dun & Bradstreet and India Ratings expressed a negative outlook on IndiaÂ’s infrastructure, the inevitable, unpleasant moment arrived when the advance estimates, officially announced early this month, stated that the nation can only achieve 5 per cent growth the current fiscal, the lowest in a decade, and 0.7 per cent lower than anticipated earlier.
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CCI asks ministries to decide on 46 exploration blocks in a month
Cabinet Committee on Investments (CCI), in its maiden meeting, urged the petroleum and defence ministries to resolve their differences on giving approval to the development of 46 oil and gas blocks in one month. It is learnt that delay in giving clearance by the defence ministry to these blocks has hampered investments of Rs 92,000
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CCI to discuss clearance for infra projects today
Media reports suggest that the Prime Minister-led Cabinet Committee on Investment (CCI) would meet today for the first time after it was set up to provide single window clearance to mega industrial and infrastructure projects. It may be recalled that several projects in the road, power, steel, oil and gas and other sectors are delayed beca
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Econ adviser stresses on more pvt investment in infrastructure
HAC Prasad, Senior Economic Adviser to the Union Ministry of Finance stressed on the need to raise the share of private and PPP sector in the total investment in infrastructure to 50 per cent in the 12th five-year Plan. The share of private and PPP sector in the total infrastructure investment was a little over 30 per cent in the 11th Plan
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Investment by PE, VC funds decline in 2012
Private Equity and venture capital funds invested $7.6 billion across 415 deals in 2012, which is a fall of 21 percent from the year-ago period of $9.6 billion, global consultancy firm Ernst & Young said. The decline in the investment is mainly because of a significant fall in infrastructure sector investments $2.3 billion invested in 2011, compared with $774 million in 2012
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Minister gives assurance on Posco’s $12 bn project
At a recent meeting with South Korean Minister Sukwoo Hong, India's Commerce and Industry Minister Anand Sharma assured that Prime Minister Manmohan Singh was personally monitoring the progress of PoscoÂ’s $12-billion steel project in Odisha. Sharma met his South Korean counterpart at the Partnership Summit organised by the CII to discuss bilat