Both project and material risks are considered some of the highest in the infrastructure industries, yet infrastructure constitutes only 7 percent of the total general insurance.While the insurance firms in India cover most of the material risks,less tangible ones such as risks of overruns emerging from clearance delays are not insurable.
Tag: infrastructure
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Telecom bodies sought essential services status
Industry bodies representing mobile service providers and tower companies want an ‘essential services’ status to be given to telecom infrastructure companies.The associations have demanded that the telecom sector be treated at par with other infrastructure providers such as energy and power and be given tax benefits for a 20 year period.
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Tower providers plan to use green power
The Tower and Infrastructure Providers’ Association is plaÂnning to float a request for proposal (RFP) inviting NGOs and private green power companies to generate and supply off-grid power to telecom towers in the country. The association proÂÂÂposes the ‘RESCO off-grid disÂÂtribution model’ where renewable energy companies can set up renewable energy-based power plants near the telecom towers and sell power to the telecom company at a pre-determined cost.
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The Reasonability of Auction
The 2G spectrum verdict on the astonishing day of 2 February pronounced a cancellation of all 121 permits given after 10 January 2008 by the then Telecom Minister A Raja. There is a fundamental flaw in the principle of first-come-first-served in the distribution of state-owned natural resources,
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The number of accounts getting restructured has increased dramatically
Restructuring is fast becoming a norm among infrastructure and power companies in particular. With a 30 per cent exposure within infrastructure to power, SBI has been acting on both restructuring as well as advising the government on what norms to adopt for discoms before finance.
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Plugging the efficiency gap
If done correctly, benchmarking pipeline performance can provide clear, reliable results and become a basis for prioritising future operational improvements. The catch? A stringent structure is critical to avoiding inaccurate and misleading results,
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Urban water: Basics bear large yields
In the last 18 months, there has been a subtle, yet perceptible shift in focus in infraÂstructure field. In government circles incluÂding the political management of the ecoÂnomy and bureaucracy,
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Infrastructure status for airports sought
ASSOCHAM called for granting infrastructure status to airports by the government, besides classifying aviation turbine fuel (ATF) and cement as declared goods to bring a uniform tariff structure across the country.
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GVFL to float Rs 1,000-cr fund
Aimed at strengthening the trade ties with China, Gujarat Venture Finance (GVFL) plans to launch a Rs 1,000-crore green energy fund to attract Chinese companies. According to GVFL, the fund is specific to Chinese companies interested in setting up plants for equipment
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Japan promises aid for infra development
India and Japan have decided to enhance the earlier bilateral currency swap arranÂgement to $15 billion from the current $3 billion. A joint staÂtement, issued after official level talks between the Prime Minister, Dr Manmohan Singh, and his Japanese counterpart Yoshihiko Noda expressed the hope that this enhancement will further strengthen financial cooperation.