The sector did lag behind due to delay in land acquisitions and environment clearances. Political blockage, heavy interest, cost burden and working capital crisis added to the woes of infrastructure companies but with the change of guard at the Centre things are looking up.
Tag: Land Acquisitions
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Highway builders seek Rs 20,000 crore from NHAI
Highway developers have filed for claims amounting to over Rs 20,000 crore to road projects before various courts and arbitration tribunals across the country.
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Govt may introduce policy for steel sector
Press reports suggest that the union government is discussing a new steel policy and it would be introduced soon in order to promote overall growth of the sector. According to reports, the new policy would address several issues including foreign direct investments (FDI), land acquisitions and environment clearances. The new policy would make sure that such problems did
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Draft on new SEZ rules
The Commerce Ministry said there is a need for a relook at the land ceiling rules for Special Economic Zones (SEZs) in view of protests against land acquisitions and it will shortly come out with a draft to bring changes in the SEZ Act of 2005.