The Government gave ´in principle´nod to Sagarmala project, which is aimed at port-led development in coastal states. ´The Union Cabinet chaired by Prime Minister Narendra Modi, gave its ´in-principle´approval for the concept and institutional framework of Sagarmala Project,´ an official statement said.
Tag: Narendra Modi
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Cabinet approves formation of SPV to major ports
The Union Cabinet chaired by the Prime Minister, Narendra Modi, gave its approval for formation of a Special Purpose Vehicle (SPV) to provide efficient rail evacuation systems to Major Ports and thereby enhance their handling capacity and efficiency.
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New power projects in NE regions
Blaming poor connectivity for under-development of the North East, Prime Minister Narendra Modi said the Centre was working in tandem with the states of the region to remove bottlenecks in development.
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Government amends norms for financial support to PPP
The Government has approved amendments to the Public-Private Partnerships (PPP) guidelines to enhance financial support to projects in infrastructure sector.
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RE-INVEST: 2,66,000 MW green energy commitments
RE-INVEST was held in New Delhi from 15th to 17th February 2015 with the primary aim of attracting large-scale, longer tenure investments in the country´s renewable energy sector. The Ministry of New and Renewable Energy organized the event with the support of the Prime Minister´s ´Make in India´ infinitive.
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Welspun makes Green Energy Commitment of 11,001 MW
Welspun Renewables has pledged to set up mega 11 GW solar and wind projects across the country. The 11,001 MW capacity will be developed as 8,660 MW of solar and 2,341 MW of wind power projects.
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Smart cities will be known as ´Cities with Brains´
Prime Minister Narendra Modi has given the attention at least 100 smart cities would make in 20 years in India. The smart cities would be known as ´Cities with Brains.´ Some of these will be spanking new cities, built from the ground up.
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Essel presents 12,000 MW ´Green Energy Commitment´
Essel Group, a leading business conglomerate, has presented the Green Energy Commitment Certificate to Prime Minister Narendra Modi to generate 12,000 MW of renewable energy with a planned investment of over Rs 75,000 crore over the next 5 years.
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Gazing into the Big Budget
The industry estimates that falling crude oil prices, lower fuel subsidies along with recent diesel tax hikes could together add almost Rs 1.1 trillion to the Union Budget. And with the government planning to spend about $8 billion of that on infrastructure and manufacturing activities, the infrastructure sector is looking at a brighter year ahead.
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Modi takes over port project NSAC
Prime Minister Narendra Modi will soon be heading another body, a port infrastructure development initiative-National Sagarmala Apex Committee (NSAC). The PM´s committee is expected to oversee a company, Sagarmala Development Company (SDC) with the Shipping Minister as its Chairman and the Shipping Secretary as the Co-chairman.