The Union Shipping Minister, GK Vasan said that an investment of Rs 2.77 lakh crore will be required in the next ten years to enhance the cargo handling capacity at Indian ports to 3,130 million tonne.
Tag: investment
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Bengal to form highways authority for pvt investment
West Bengal's (WB) proÂposed state highways authority will work to attract private investment in road infrastrucÂture development, State Finance Minister Amit Mitra has said. The state government has proposed to create infraÂstÂructure through the PPP model.
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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.
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Railways keen on PPP model for infrastructure
Railways is seeking the coÂoperation of the private sector for developing rail infrastructure in the country. For this purpÂose, Railways has framed pubÂlic-priÂvate participation (PPP) inveÂstment models for its exiÂsting as well as new projects. It has also drafted policy for priÂvate participation in rail connÂectiÂvity and capacity augÂmenÂtation projects.
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India Airports 2011 Infra around airports needs major boost: Experts
Investment opportunities of $110 billion are being envisaged up to 2020 with $80 billion towards new aircraft and $30 billion towards the development of airport infrastructure, according to the Investment Commission of India. But are the new aircraft and big development plans likely to materialise? A report on the conference held last month in Delhi.
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Expertspeak Ways to lure
Policy suggestions for private participation in rural roads.The way for the government to attract private participation in rural roads should be introduce innovative bidding and quality processes such as bundling allied projects into a road contract,says Hemant Kanoria.
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Aviation Infrastructure: Security infra in airports
As airport security took centrestage in aviation after the 9/11 and other forms of terror attacks, Inderjit Singh says a national security infrastructure is now a pre-requisite to growth.Of the Rs 650,000 crore that the Indian government has budgeted in 2011-12 towards transportation, Rs 70,000 crore is budgeted for the development of greenfield airports and upgrade of existing airports and a major portion of it would be from the private sector, financial institutions and Foreign Direct Investment (FDI).
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Bracing Up
Since we're in December, it's probably a good time to look back at the year. The 6.9 per cent quarterly growth figures for the previous quarter come in the year's sunset month, and the fiscal year's growth is now downgraded to about 7.3 per cent.
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Income tax holiday: Eligibility for infra developers demystified
Infrastructure developers are eligible for a tax holiday for 10 years, and the government has permitted a looser interpretation for the benefit of infrastructure. Vishal Shah and Bijal Desai refer to relevant court and tribunal cases and explain the more nebulous of the tax holiday eligibility clauses.
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Credit ratings: Need for a different rating mechanism
Conventional investment credit ratings-typically lower than desirable for infrastructure projects-constrain financing infrastructure investments in India, says Dhruba Purkayastha. So should the methodology be revisited?