Stakeholders harp on the government's infrastructure push and expect construction orders of Rs.18 trillion in the next six years. This order inflow volume should support 12 to 15 per cent of industry-level execution of compound annual growth rate (CAGR).
Tag: LIC
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Funding Not a Constraint for Road Building Programmes
In an exclusive interview to INFRASTRUCTURE TODAY, Debjani Chakrabarti, Director Highways, Ministry of Road Transport & Highways (MoRTH) elucidates some of the key funding strategies being utilised by India as a part of the country's ambitious Rs 7 trillion roads building programme.
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Traction Ahead!
The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).
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Fast Forwarding the Lifeline
It is often pointed out that every rupee invested in ramping up railway infrastructure benefits the economy six times over. Therefore, after languishing for nearly 70 years, modernisation of the sector has been put on the fast track.
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Railway projects are gathering pace
Tilak Raj Seth, Executive Vice President, Mobility, Siemens, feels implementation of PPP will provide a fillip to railway projects in India. However, given the size and rapid growth in the country's rail sector, availability of trained manpower will remain a primary challenge.
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Air India taps LIC for Rs.10,000-cr loan
Air India is in talks with Life Insurance Corporation of India for a loan of up to Rs.10,000 crore to help finance the acquisition of six Boeing 787 and three 777 aircraft.
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Competition Picks Up in HAM
Macro developments suggest positive trends in the road sector with pickup in execution. Recent bids under the Hybrid Annuity Model (HAM) in May-June have seen participation increasing from two-four players to seven-eight players as the risk-reward equation is favourable.
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We don´t have a benchmark. The government will have to start setting it
It seems the government has a few mega projects in hand. These really need to stand the test of time, and how the rollout is going to happen is going to be the single biggest challenge. The numbers are too big. They should get real in terms of achieving these numbers.
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Of the public, for the public but not by the public
What is it that was just 29 crore in 1951 and has now grown to 10 lakh crore? It is the amount of public investment in 290 public sector units in India today.
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Bangladesh offers 2 SEZs to Indian Companies
With an aim to boost bilateral trade, Bangladesh has offered to establish two SEZ for Indian companies besides allowing LIC to start operations in the country.