Power Minister Sushilkumar Shinde invited the US companies to invest in India's power sector. Addressing the US-India Economic Opportunities and Synergies Summit in Chicago organised by FICCI in association with The Executive Club of Chicago, Shinde said India offered lucrative investment opportunities in power sector and the US investors should come forward to benefit from that opportunity
Tag: power sector
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Power, telecom cos raise foreign funds
The Centre had approved companies' fund raising worth Rs 60,950 crore through extÂernal commercial borrowing (ECB) or foreign currency cÂoÂnvertible bonds (FCCB) for inÂfrastructure projects in the last two financial years.
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Poor policy hits power FDI
NTPC has blamed insufficient 'politico-administrative' support to tackle commercial losses and poor health of government utilities for low foreign direct investment (FDI) inflows into the Indian power sector.
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PFS' Rs 1.5 bn infra bonds
PTC India Financial Services (PFS) plans to raise up to Rs 150 crore through issue of tax-saving bonds in the current fiscal.
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Min okays Rs 50,000 cr electric fund
In a move to help quicken the flagging pace of distribution reforms in the power sector, the Union Finance Ministry has approved the creation of a Rs 50,000 crore National Electricity Fund for attracting investment in this area.
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BUDGET MUST ADDRESS OBJECTIVES
Last year, roads and highways was the "happening" sector, with a lot of hype and commendable action. Against a target of national highways that turned out to be beyond ambitious, the National Highway Authority of India (NHAI) had only completed construction of 1,156 km by December 2010 at 4.28 km per day-way less than the targeted 7 km-per-day.