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 »
Chief Minister of Puducherry (Popularly known as Pondicherry) N Rangasamy discussed in the assembly today the contours of the ‘’housing for economically weaker sections in his union territory (U.T). He declared that under the Prime Minister Narendra Modi’s ambitious ‘ Jandhan Yojana‘ scheme, the Puducherry Government has planned to cover over three lakh homes. The [...] Continue Reading »
Ahead of China President Xi Jinping’s visit to the country, Beijing is showing a renewed interest in India infrastructure sectors, especially in winning road-building contracts. Sources said many Chinese teams have met road transport and highways ministry officials in recent weeks and have conveyed their interest in India’s large road projects, including those in which [...] Continue Reading »
IRB Infrastructure Developers Ltd today said it has won an Rs 1,687 crore project from Maharashtra State Road Development Corporation (MSRDC) for operation and maintenance of an expressway along with a stretch of Mumbai-Pune NH 4. The company has received the letter of award for MSRDC’s project of operation and maintenance of Yashwantrao Chawan Expressway [...] Continue Reading »
Canadian infrastructure companies have gained great expertise in the field and are very keen to participate in the many projects coming up in Andhra Pradesh in the aftermath of bifurcation. It will be mutually beneficial for local companies to tie up with their Canadian counterparts, according to Consul and Senior Trade Commissioner (South India), Stanley [...] Continue Reading »
Business chambers of India and Japan have formed groups to focus on specific sectors like infrastructure, energy and skill development. This move was taken anticipating that it will enhance bilateral trade. They are working towards removal of any bottlenecks by talking to the respective governments. The decision was taken during a meeting of the Japan- [...] Continue Reading »
BEML Ltd, manufacturer of heavy earth moving equipment for mining and construction sectors, has launched an indigenously developed new version of motor grader – BG405A for deployment in the infrastructure/construction sector. The new motor grader is BS III compliant engine with a net horsepower of 119HP and is certified by ARAI. BG405A is designed with [...] Continue Reading »
$25 billion Hinduja Group has committed $10 billion to invest in India and is currently in the process of screening five-six projects in the infrastructure sector. Gopichand P. Hinduja is hoping that the Hinduja Group will be third time lucky in investing in India in a big way after having failed to have done so in 1991 [...] Continue Reading »
On Wednesday Asian Development Bank (ADB) announced that it would provide up to $7-9 billion loan to the country over the next three years. This money will be used for supporting the infrastructure development in India. Takehiko Nakao the president of ADB talked about this new development in New Delhi and mentioned that ADB’s operations for India [...] Continue Reading »
There is a renewed interest in the infrastructure sector. Piramal Enterprises committed $1 billion in a tie-up with the Dutch pension fund APG Asset Management last month for the investment in the infrastructure sector. Now, three home-grown private fund managers – IL&FS, L&T Infrastructure Finance and IDFC Alternatives - are gearing up to raise $2.5 billion over the next six to eight [...] Continue Reading »
