The Civil Aviation Ministry will start the development of five no-frills airports and award management contracts of four airports to private operators in the current financial year.
Tag: Narendra Modi
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The big fix
Working at a breakneck speed to kickstart the economy, the Narendra Modi-led BJP Government is looking to give a big boost to the infrastructure sector. And in one of the first few steps to achieve that, the new Government has cleared seven projects worth Rs 21,000 crore, recently.
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A Partner In Progress
If one was to think of the three most pressing problems and areas where solutions are needed, one could sum them up as IIM: Inflation, Infrastructure, Manufacturing. To hit the ground running you need to steer around areas which need tweaking.
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Major changes in rail sector
Railway Minister DV Sadananda Gowda intends to bring major changes in the railway sector and he would focus on the 'four S': safety, service, security and speed. PM Narendra Modi has already proposed bringing in speed trains and bullet trains, he said.
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Winds of change
This period of lull before the national election is an unfortunate reality that the industry must deal with, with no end in sight to the prevalent cloudiness around the fate and status of the more than 150 post-clearance projects
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A Disconcerting Year For PPP Ends
This year was truly a vortex of a perfect storm, yet it has been a year of contrasts. The Indian industry is in dire need of political stability and the strength of leadership at the Centre, but at the same time, India recently overtook China as the most attractive investment destination in the world. This year, foreign institutional investment (FII) is at its peak, having crossed Rs 1 lakh crore.
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Power from waste
By setting up solid waste management plants, the Gujarat government will run a pilot project in 50 cities to generate power, fertiliser and reusable water, said the state Chief Minister Narendra Modi. The state's rural areas will get the power, reusable water and fertilisers produced in these plants for usage in agriculture. Gujarat government will work with Japanese agencies for development of some of these plants by utilising cutting edge technology from Japan, the CM added.
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Centre okays 2,834 km road upgradation in rural Gujarat
In Gujarat, the pre-empowered committee of the Pradhan Mantri Gram Sadak Yojana (PMGSY) has cleared upgradation of the 2,834 km of roads at an estimated cost of Rs 1,064 crore. Union Minister of Rural Development Jairam Ramesh informed Chief Minister Narendra Modi about the Centre's decision in a letter. Ramesh said that a meeting of the pre-empowered committee was held recently and the same has recommended upgradation of 921 roads, covering 2,834 km in all across the state.
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Fernas mulls $1 bn LNG terminal in Gujarat
Fernas Construction India, a wholly-owned subsidiary of Turkey's Fernas Inc, plans to set up an LNG storage and re-gasification terminal in Gujarat in collaboration with Mumbai-based Swan Energy.Fernas Construction India plans to invest $1 billion (Rs 5,300 crore) over a period of four years for the proposed terminal to be set up at Okha in Jamnagar district.
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ReNew Power commissions first wind project
In keeping with its commitment to become the leading renewable energy producer in India, ReNew Wind Power, an independent power producer, commissioned its first wind farm project at Jasdan, Rajkot district, Gujarat.