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500 high end companies of the World planning to invest in India In a recent development, the Government of India is planning to launch a systematic and well organized campaign promoting India to almost five hundred companies located all over the world. This decision has supplemented the efforts taken by the Prime Minister of India, [...] Continue Reading »
The economy seems to be taking an upturn by looking at the number of activities in the corporate world. L&T (Larsen and Toubro) declared that it has acquired 50 % stake in L&T-Ramboll Consulting Engineers Ltd (LTR) held by Ramboll Denmark. With this acquisition, LTR now becomes a wholly owned subsidiary of L&T. L &T said [...] Continue Reading »
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 »
The Finance Industry Development Council (FIDC) has suggested a few things to provide a thrust to the ailing infrastructure industry. Equipment used in building of roads, ports, airports and other infrastructure should be treated as “infrastructure” for the purpose of lending by banks. Bringing “equipment” within the scope of the list of “infrastructure” sectors for [...] Continue Reading »
The Narendra Modi government will re-visit the model concession agreements (MCAs) for public private partnership (PPP) projects across the sectors. This will be done in order to move from a cost-plus basis to predetermined rates while awarding contracts. This move is expected to be beneficial for the users because they will not have to end [...] Continue Reading »
DIPP secretary Amitabh Kant stressed on the need for amending the Act, by giving justification as under the existing Land Acquisition Act, it had become “virtually impossible” to acquire land for construction of roads, ports and creating other infrastructure. He added, ever since the new Land Acquisition Act came into being, Land acquisition for roads, [...] Continue Reading »
As per a report, India needs Rs 14 lakh crore for the growth of transport infrastructure to achieve 7 percent economic growth. The report says that the National Transport Development Policy Committee (NTDPC) needs to raise its investment in transport infrastructure like rail, highways, port and airport to Rs 70 lakh crore levels in 15th [...] Continue Reading »
Foreign direct investment (FDI) into the services sector dropped by 60 percent to USD 1.59 billion in the last three quarters of year. This sector includes banking, insurance, outsourcing, R&D, courier and technology testing, it received FDI worth USD 4.04 billion in the April-December period of 2012, and this is according to the data collected [...] Continue Reading »
To be able to meet the investment target of Rs 5000 crore in public infrastructure through public private partnerships (PPPs) for the12th Plan period (2012-17), Odisha’s state planning & coordination department has invited proposals from government departments and agencies. The PPP projects are to be taken up in socio-economic sectors like agriculture, water supply, health care, education, municipal services, warehousing, [...] Continue Reading »
The real estate developers have sought tax breaks from the Government for home buyers and builders to boost up boost sales as well as speed up new launches. They are voicing their opinions on seeking both industry and infrastructure status for themselves and an enhancement in the tax break given to home buyers on the [...] Continue Reading »
