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.
Tag: NHAI
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The new government has made the right noises
Egis in India is a cornerstone for the Egis Group because you know there are two economies in the world which are the ones that would pull the whole world out of the so-called recession; one is China, and the other is India. Now Egis has a dominant presence in India where we have 10 per cent of the total workforce in India of the total group and we are one of the very few subsidiaries which are contributing significantly to the top line (and) bottom line of the group.
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ISQ to acquire Rajasthan toll road
I Squared Capital, through its ISQ Global Infrastructure Fund, has agreed to acquire 100 per cent stake in Jaipur Mahua Tollways Pvt Ltd from IJM Corporation, Malaysia, for Rs 525 crore (as disclosed by IJM Corporation to Bursa Malaysia).
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The infrastructure story is waiting to unfold
Infrastructure is the backbone on which the economic and social wellbeing of any country hinges. Though India has emerged as the third largest economy, its GDP growth rate slowed down to less than 5 per cent in FY 13-14, as against a CAGR of 8.4 per cent during 2003 - 2010.
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India requires a deep market for IDFs to be tradable
I believe that the annual fund requirement of these projects will not go beyond Rs 50,000 crore as this will be done in phases, hence planning should be proposed accordingly.
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Gaining Lost Ground
With a stable, reform-friendly government in place, the Indian infrastructure growth story is looking for the right implementation strategy and on-ground action. Here are the key current infrastructure trends and the outlook for 2015.
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Revival of Goa shipping industry
Union Minister of Shipping Nitin Gadkari announced a series of measures to help revive the shipping industry in Goa and for the development of the Mormugao Port.
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IL&FS bags NHAI road contract
IL&FS Engineering and Construction Company has bagged Rs 1,232 crore road project contract from National Highways Authority of India (NHAI).
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Transport: Convergence & Connectivity
Lack of funds and investor confidence are two factors that are hurting the infrastructure sector. Efforts are needed to bring back the faith and money in the sector. FICCI´s India Infrastructure Summit 2014 focused on the theme ´Transport sector: Convergence & Connectivity
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FDI Ultimate Game Changer
Though investment in infrastructure is expected to touch $1,025 billion in the Twelfth Five-Year Plan (2012-17), many hurdles are choking investment inflows despite the government´s overdrive to attract funds. The government´s recent decision to open up the railway sector to Foreign Direct Investment (FDI)