In an environment of slowing economy with threats of a double-dip looming larger than ever, the industry has been hoping for some time for some good news from the government. That wait for mining companies just got longer.
Tag: investment
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FM pitches to US investors for infra projects
Finance Minister Pranab Mukherjee has said the country offers huge scope for US firms to participate in its $1 trillion infrastructure development plan. At the USIBC-FICCI round table, Mukherjee inforÂmed the gathering that his government was working towÂards building a consensus on a number of pending policy issÂues, like introduction of Goods and Services Tax, National Manufacturing Policy, liberalisation of FDI policy
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Analysis: Staring at an increasing resource crunch
In a country where minerals are reported as scarce, comprehensively mapping and identifying available natural minerals will result in a major upward revision of our estimates how much can be mined indirectly curbing illegal mining. Puneet Goel writes.
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Given our policies, we are lucky to get investors in India
Problems exist at both policy and execution levels in infrastructure sectors, making the country a high-risk investment destination as policymakers have lost out on India’s big advantage as an investment destination, Nasser Munjee, Chairman, Development Credit Bank Ltd
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PM calls for transparency in awarding projects
In the wake of irregularities in allocation of natural resources and award of infrastructure projects, Prime Minister Manmohan Singh called for transparency in awarding highway projects to eliminate the possibility of favouritism or ‘crony capitalism'.
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Fin Min clarifies infra definition
Infrastructure will soon have a wider and uniform definition that will encompass some aspects of education and health as well, ensuring asset creation across a number of sectors by making them eligible for various incentives. A panel of secretaries of various ministries is expected to clear the finance ministry's proposal.
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Infra concerns in India, US comparable: Pressler
India infrastructure investment conference in New York emphasised India’s high investment potential, the need for more liberalisation, and citizens’ role in taking advantage of a democratic system to elect visionary leaders who can ensure continued investment opportunities.
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PAI to invest in Hazira Port
Belgium's Port of Antwerp aims to pick a stake in Essar Group's Hazira Port. It is believed that Port of Antwerp International (PAI) is working with reserves of 25 million and it has already acquired stakes in port projects in Oman and Congo.The move is in keeping with the Belgian company's expansion plans firmed up last year, when it evaluated 20 projects and zeroed in on a few of them to expand its presence out of Europe through equity participation
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PSA-ABG consortium wins bid for JNPT terminal
The Board of trustees of the Jawaharlal Nehru Port Trust (JNPT) decided to award the contract for its fourth container terminal to the consortium of Singapore's PSA and the ABG group in India
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Karaikal Port bags Rs 2bn PE investment
The Bangalore headquartered private equity (PE) firm Ascent Capital has decided to invest Rs 2 billion in MARG Karaikal Port. The funds will be used for the MARG Karaikal Port Phase 2A expansion plans which will enhance the port's capacity from the already plaÂnned expansion of 21 mmtpa to 28 mmtpa and involves an additional capex of Rs 6 billion.