We have been working with them to put together the investment policy - what should be the objectives, focus, sectors, types of investments and things of that nature. All that has been finalised.
Tag: transportation
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The banking industry is facing its sachet moment
Telecommunication companies only have payment licenses so they can only take deposits. They canĂ´t lend. WhatĂ´s happening in banking the world over - and I donĂ´t think India is going to be an exception - is that banking services are being unbundled
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Govt plans to offer 850 ports for development to private sector
With an aim to scale up inland waterways infrastructure, the government is planning to offer 850 small and medium sized ports along key rivers for development by the private sector including foreign investors. This could see an investment of nearly Rs 4,000 crore.
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Rationale behind HSR
An investment in HSR is typically a government decision which is primarily dependent on a number of factors, such as current and projected traffic, expected saving in time, and a reduction in accidents due to a modal shift, reduction in environmental externalities, ease in congestion in existing modes, and the average willingness of the users to pay.
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Kakinada SEZ to turn into Chinese hub
Kakinada SEZ, a subsidiary of GMR Infrastructure will turn into a Chinese manufacturing hub sprawled across 2,000 acre
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Govt invokes Electricity Act
The Union Ministry of Power has told the Central Electricity Regulatory Commission (CERC) to ensure the rates for power produced from auctioned coal blocks won by power producers do not exceed what was concluded in power purchase agreements (PPAs).
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Nepal asks India to halt road project
Nepal has urged India to stop the construction of road parallel to the Nepal-India border as it could trigger floods on the Nepali side during rainy season
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Voith Turbo plans big rail push sector
Voith, the ĂâŹ5.7-billion German engineering major, has set its sights on the rapidly growing opportunities in the Indian rail and transportation market.
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Rising freight cost may impact steel firms
The sharp rise in railway freight could hit the steel industry, which is already reeling under high raw material cost and weak demand. In the last six months, the logistics charges for the steel industry have gone up by 20 per cent to about Rs 2,400 a tonne, and companies are not able to pass on the incremental cost to the end user due to weak demand.
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New Volvo truck range makes an exciting premiere in India
Volvo TrucksĂ´ much-awaited new range has been launched in India. The completely renewed product portfolio - which includes the flagship Volvo FH, voted Ă´International Truck of the Year 2014Ă´ in Europe - is pushing the limits on what premium trucks can offer, setting a new benchmark for transportation.