memorandum of understanding
During Prime Minister Narendra Modi’s visit to Japan, GMR Infrastructure signed a memorandum of understanding to provide financial assistance to Japanese companies investing in infrastructure projects of the GMR Group. According to a statement, the objective of this MoU is to provide low-cost, long-term financing for infrastructure projects that involve Japanese companies. These could be [...] Continue Reading »
State owned Flag carrier Air India’s (AI) balance sheet has been in red for the last many years and the loss making company is reeling under the pressure to bring back its lost sheen. AI has approached the government of India undertaking company National Buildings Construction Corporation Ltd. (NBCC) to help it monetise its assets. [...] Continue Reading »
Dwarka in southwest Delhi in the next one-and-a-half years is going to witness India’s first comprehensive cycle-sharing system. It will cover the entire sub-city spread over approximately 65 square km with 300-400 stations. Each station will have about 10-20 cycles so that people can get a cycle for Metro stations, bus stands, market places and [...] Continue Reading »
The US and India are working on a bilateral mechanism that will help ease flow of investments from American companies into infrastructure projects in India. The proposal, which has been made by the US Department of Commerce, will establish a platform to assist US investors in infrastructure navigate through regulatory and procedural hurdles in the [...] Continue Reading »
In a move which marks Tech Mahindra’s support of Dubai’s ‘Smart City’ initiative, the IT major has recently signed a memorandum of understanding (MoU) with the Dubai Economic Council (DEC), to provide innovative IT solutions. The MoU was signed by Tech Mahindra’s Chief Executive Officer C P Gurnani and DEC Secretary General Hani Rashid Al Hamli. [...] Continue Reading »
On Monday at “Jnana Sangama”, Visvesvaraya Technological University of Belgaum signed a Memorandum of Understanding (MOU) with the Construction Industry Development Council. The aim and purpose of this MOU is to create employment opportunities in the state of Karnataka through vocational and professional training. The document was successfully signed by the Vice Chancellor of VTU [...] Continue Reading »
Ending a long wait, India and China have signed the Memorandum of Understanding (MoU) on the creation of industrial parks. The Indian government has accorded them the same status as Special Economic Zones (SEZs) and National Investment and Manufacturing Zones (NIMZs). The MoU was signed in Beijing during Vice President Hamid Ansari’s visit. The Cabinet [...] Continue Reading »
In a move which will help revive a long-standing road project that will help strengthen the ties between India and Myanmar, the intention to resume talks on the proposal to commence a bus service between the two countries have recently been signalled by Myanmar. It has been revealed by a Ministry of Roads official – [...] Continue Reading »
Financial assistance of Central government for the Jaipur Metro Phase-I project might not be taken by the state government. “The total project cost for Phase-I is Rs 3,149 crore said a senior official source. The previous state government had sanctioned Rs 1,802. More funds might not be required as recently, the BJP-led government, too, has [...] Continue Reading »
Every year in Tamil Nadu just 20% of the 2.5 lakh engineering graduates passing out of colleges are employable, said Sandeep Mehta, president of Confederation of Real Estate Developers’ Association of India (CREDAI), on Tuesday. He also said that with institutions like Anna University, SRM and VIT universities CREDAI is trying to sign a memorandum [...] Continue Reading »
