Infrastructure
Industrial and infrastructure project proposals will get security clearance within 12 weeks as the Home Ministry has streamlined the process by issuing a detailed guideline in this regard. The decision has been taken as part of the Narendra Modi government‘s push for attracting FDI for infrastructure projects and setting up of industries, which is expected [...] Continue Reading »
The Tata Group has put in place a centralized platform to collaborate and tap synergies across its 100-plus group companies to boost growth and save on costs. Tata Sons, the apex investment holding company of the tea-to-telecom conglomerate, has set up “clusters” and “enablers” to leverage on group companies’ resources, strength and expertise to maximize [...] Continue Reading »
Scotch any idea of zipping through a dedicated bus corridor through the twin cities at the start of next year. The much-touted Hubli-Dharwad bus rapid transit system (BRTS) project, which envisaged a 22.25-km-long corridor between Hubli and Dharwad and dangled the promise of segregated bus ways, controlled bus stations, off-board ticketing through smart cards and [...] Continue Reading »
A year after starting the tendering process for the Colaba-Bandra-Seepz Metro, billed to be the country’s longest underground Metro rail corridor, the Mumbai Metro Rail Corporation (MMRC) has now finalised a list of nine consortia eligible for financial bidding after scrutinising pre-qualification tenders. Intending to finalise contracts and start work by the year-end, the MMRC [...] Continue Reading »
The urban development minister‘s plan of keeping Delhi Metro fares down by generating revenue through property development could be a non-starter. More than a decade after starting services, Delhi Metro has generated a little over Rs 900 crore against a target of over Rs 2,500 crore. More than Rs 700 crore of that revenue was [...] Continue Reading »
The Maharshi Dayanand University Teachers’ Association (MDUTA) has alleged that the state government got a bypass road and railway over bridge constructed through the university campus to favour a private builder whose township is located nearby. The road from the Delhi bypass towards Jhajjar was initially proposed to be constructed along a private township located [...] Continue Reading »
Synergy Property Development Services, a Bangalore-based project management consulting and turnkey solutions company, has signed a memorandum of understanding (MoU) with Malaysia-based HSSI. This firm is an engineering consultancy practices company, and this MoU was signed for a strategic partnership to collaborate on real estate and infrastructure development projects in Malaysia, South East and Far East [...] Continue Reading »
Commerce and Industry Minister Nirmala Sitharaman has said in a recent statement that the Government is mulling a proposal pertaining to the easing of the norms related to foreign direct investment (FDI) in the construction sector. With Sitharaman disclosing that the Government is currently working on a proposal under which FDI norms in construction development [...] Continue Reading »
With the current proposals on slum rehabilitation around the Mumbai airport going nowhere, the civil aviation ministry is proposing a plan to relocate slum dwellers around the airport on the land to be freed, post the removal of slums. According to the civil aviation ministry plan, which has the approval of civil aviation minister Ashok [...] Continue Reading »
The vice-chairman of DDA, Balwinder Kumar, has ordered a month-long drive for sealing as well as removal of all the unauthorised constructions. This was done in the wake of rampant construction of unauthorized rooms and alterations being carried out by various occupants of DDA flats at D-6, VasantKunj. This is a norm in Delhi to [...] Continue Reading »
