In order to boost investment in small port, multi-purpose jeÂtty and cargo terminal proÂjects, the Maharashtra goveÂrÂÂnÂment has granted an eight-year holiÂday on non-agriculture (NA) tax and exempted NA cleaÂÂÂÂrance norms of land acqÂuiÂsition for the projects.
Tag: investment
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India to attract $80 bn FDI
India could attract $80 billion in foreign direct investment (FDI) in the coming two years, according to a research report by Morgan Stanley. India received $48-billion FDI in the last two years.
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India to get $975 mn WB loan for rail project
The World Bank (WB) has signed a $975 million loan agreÂement with the Indian government to build part of a massive freight railway line connecting north and eastern India. India is infusing huge investment into overhauling its ageing infrastructure network,
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Gujarat to develop new ports
The Gujarat government has finalised plans to develop six to seven new ports in the state. Large investments would flow into the port sector in the coming years. The state is planning ports at Dahej, Nargol, Vansi Borsi and Kutchhigarh,
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India, Vietnam sign pact on oil & gas cooperation
ONGC Videsh (OVL), and the Vietnam oil and gas group PetroVietnam (PV) have signÂed an agreement on cooperation in the field of oil and gas. The framework agreement was signed in the presence of Prime Minister Manmohan Singh and Vietnamese President Truong Tan Sang, who was on a visit to India.
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Rs 6.5 lakh cr investment by 2017
The Department of Telecom (DoT) has projected an investment of Rs 6,50,000 crore in the sector in the next five years.
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BHEL eyes power projects in Africa
State-owned Bharat Heavy Electricals Ltd (BHEL) will develop power projects in Uganda and Nigeria as part of India's plans to broaden economic engagement with African countries to secure access to oil and gas blocks in the continent.
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Government approves four expressways
The government has apprÂoved building over 1,000 km of expressways under NHDP, entailing an investment of Rs 16,680 crore. The projects include 400 km long Vadodara-Mumbai, 66 km long Delhi-Meerut,
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Private investments rising
Private sector's role in infrastructure is poised for significant growth in the 12th Five Year Plan, possibly accounting for about 35-40 per cent of projected investment of $1 trillion, said JP Nayak, President, Larsen & Toubro.
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PPP panel clears 5 projects
A high-level committee to approve public private partnership (PPP) projects cleared five infrastructure sector projects envisaging total investment of about Rs 7,000 crore.