Amber Dubey, Partner and India Head of Aerospace & Defence, KPMG feels that a tough relook is required at the Land Acquisition, Rehabilitation and Resettlement (LARR) Act, 2013, as it has made land acquisition for public infrastructure projects such as airports impossible.
Tag: Make In India
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Schindler to invest Rs 170 crore in brownfield project
Schindler India, leading providers of escalators and elevators, a 100% owned subsidiary of Schindler Group is set to invest Rs 170 crore to expand its manufacturing facilities by setting up IndiaÂ’s first Escalator manufacturing line and towards improving its Research and development facilities at its plant near Chakan in Pune.
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Railways need to create a holistic engagement platform
Hitachi and its subsidiary company, Ansaldo, are engaged with the Indian Railways on many platforms. We will be introducing state-of-the-art technology in signalling and telecommunications on the Dedicated Freight Corridor (DFC) from Delhi to Mumbai.
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We want to ‘Make in India’ for India’s railway industry
Subrat Nath, Area Director, Asia-Pacific, Talgo, a privately-held rolling stock and maintenance equipment manufacturer headquartered at Madrid, says that the firm is keen to not only change the way railway journeys are undertaken in India, but also make the country a major manufacturing hub for its products.
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Indian Private Equity takes off!
Private Equity (PE) in India is still in its nascent stage, accounting for roughly 1 per cent of GDP.
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Asahi India Glass announces Rs.500 crore automotive glass plant in Gujarat
Asahi India Glass (AIS) plans to invest in a state-of-the-art ‘Greenfield Automotive Glass Plant’ near Mehsana in Gujarat. The investment is being made to primarily meet the automotive glass requirements of Maruti Suzuki India Ltd at its newly-established Gujarat plant.
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Big data complements India’s Smart Cities Mission
In an exclusive, PP Chaudhary, Minister of State, Ministry of Electronics and Information Technology, Government of India, says that the Centre is planning three IT and electronics regions, which will create direct employment opportunities for 12 lakh youths.
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APM Terminals Pipavav handles 100,000th auto unit
APM Terminals Pipavav has reached a milestone of 100,000 automobiles handled at the portÂ’s Roll On-Roll Off (Ro/Ro) facility, 20 months after commencing auto-loading and discharging operations. Ro/Ro services were introduced at the port in August 2015, after NYK Auto Logistics India (NALI) invested in a state-of-the art stock yard and pre-delivery inspection facility.
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India’s oil demand growth rate to eclipse China’s
Oil consumption in India is expected to be 7-8 per cent this year, outpacing China's demand growth for the third consecutive year, as impact of demonetisation is likely to be short-lived, according to Platts.
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Government to fund up to 60percent R and D cost for e-vehicles
The government has decided to fund up to 60 per cent of the R&D cost for developing indigenous low-cost electric technology that will help power two-, three-wheelers and commercial vehicles operating in public spaces, a move aimed at reducing pollution.