Union Minister for Road Transport, Highways and Shipping, Nitin Gadkari has said that the government is planning to develop automobile clusters near port areas. He said that port-led development under the Sagarmala project is expected to attract Rs 12 lakh crore worth of investment.
Tag: investment
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Essar bulk terminal to hike capacity by 20 MT
The Essar bulk terminal at Hazira is all set to expand from the current 30 mtpa to 50 mtpa, up by 67 per cent, by this year end. Company officials say that the terminalÂ’s current 550 metre berth will be expanded by a further 1,100 metre. Post completion, the port will have capability of simultaneously handling seven vessels at any point of time.
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Leh airport to get new terminal for Rs.200 cr
A new terminal will be constructed at Leh airport with an investment of around Rs.200 crore which will increase the passenger handling capacity. With the new terminal, the peak hour passenger capacity is expected to go up to 800 from current level of 250.
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Essar Ports invests in expanding Hazira
Essar Port is investing Rs.750 crore to enhance the capacity of its Hazira terminal to 50 million ton per annum from 30 million tons.
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Rs.16,641 cr investment in affordable housing
The Central government has approved an additional investment of Rs.16,641 crore for affordable housing for construction of 2,44,267 houses for urban poor under the Pradhan Mantri Awas Yojana (Urban) during the first four months of this financial year.
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Telecom operators to invest Rs.20,000 cr
Telecom operators assured the government that they would install 1 lakh new towers in the next 12 months, entailing an investment of Rs.20,000 crore, to rein in the call drop menace and give a fillip to the Digital India campaign.
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Urban Infrastructure | Business or Welfare?
Urban infrastructure is complex business. Rarely have we built any major world class infrastructure in our cities, which have had a good sustainable business case for private investment.
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Decoding the Arbitration Amendment
India is moving towards reviving the infrastructure sector by encouraging investments by private players and reinvigorating the sector through Public-Private Partnership (PPP). The government is also providing the much-needed push by increasing the budgetary allocation to Rs.2.21 lakh crore for key infrastructure areas, such as roads, railways and ports.
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Telcos to invest Rs.12,000 cr to check call drops
B Telecom operators have committed to invest Rs.12,000 crore within the next three months to install 60,000 towers and put an end to the mobile call drop menace. Major companies were called in by the Department of Telecom (DoT) to discuss the issue and improve service quality.
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Addressing Infrastructure Financing Needs
After liberalisation, the government´s primary focus was on reducing the fiscal deficit to restore macroeconomic stability, reforming trade and exchange rate policies and liberalising foreign investment policy. Infrastructure was never a growth constraint in the short term, considering the low utilisation of the existing infrastructure then.