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Karnataka Govt keen to develop/upgrade existing towns and cities as ‘smart cities’

Karnataka Govt keen to develop/upgrade existing towns and cities as ‘smart cities’
In a recent statement made in the Karnataka State Secretariat, Vinay Kumar Sorake – Karnataka’s Minister for Urban Development – said that the State would prefer to develop or upgrade existing towns and cities as ‘smart cities’ instead of creating new greenfield cities. With the Union Government not having laid down any guidelines or formula [...] Continue Reading »

GRM signed memorandum to provide financial assistance

GRM signed memorandum to provide financial assistance
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 »

Hinduja Group announces about its expansion plans in India

Hinduja Group announces about its expansion plans in India
$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 »

Predetermined rates for awarding contracts in power, ports and airports instead of the cost-plus model

Predetermined rates for awarding contracts in power, ports and airports instead of the cost-plus model
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 »

Government troubled by high land cost

Government troubled by high land cost
Among several infrastructure sectors – from road, to railway and power, there is a growing screech against the provisions of a new land acquisition law fearing a three-fold jump in acquisition cost due to the new legislation. The road transport and highways ministry has asked government to increase budgetary allocation for land acquisition, whereas the [...] Continue Reading »

In Q3 FY’15: ICRA, Construction sector sentiment may improve

In Q3 FY’15: ICRA, Construction sector sentiment may improve
According to a report, in the third quarter of the current fiscal, Investment cycle in the construction sector is likely to improve if a stable government comes to power at the Centre after the general elections. Credit rating agency ICRABSE mentioned in its report that until September, though there were expectations of facing execution challenges [...] Continue Reading »

Infra projects are probable to be hit by Welding engineers’ shortage

Infra projects are probable to be hit by Welding engineers’ shortage
215 infrastructure projects worth seven lakh crores would be affected due to shortage of certified welding engineers, said PK Das, president of Indian Institute of Welding. He also added, as compared to 22,000 certified welding engineers in China, India is home to just around 600 qualified engineers or postgraduates in welding, recognizing the need for [...] Continue Reading »

Sandeep Shah appointed as Hon. Consul for Maharashtra

Sandeep Shah appointed as Hon. Consul for Maharashtra
The Managing Director of HBS Realtors has been appointed as Hon. Consul by République de Côte d’Ivoire (Ivory Coast), a country in West Africa. Mr. Sandeep Shah is the MD of Mumbai based HBS developer which is the leading real estate firm which is combination of residential, commercial and infrastructure development with solid regeneration expertise.  [...] Continue Reading »

CCI impact partial on stuck projects

CCI impact partial on stuck projects
After one year of its formation, the Cabinet Committee on Investment (CCI) is said to have unlocked 144 stalled infrastructure projects worth Rs 5.27 lakh crore. 253 more projects, however, with an investment of Rs 12.82 lakh crore, are still stuck for various clearances. Power, coal, steel, petroleum & natural gas, and road transport & highways sectors form [...] Continue Reading »

Negative outlook on Indian infrastructure sector maintained by India Ratings

Negative outlook on Indian infrastructure sector maintained by India Ratings
Credit rating and research agency, India Ratings & Research recently said that the overall outlook for the infrastructure sector remains negative for the financial year 2014-2015. The agency is of the view that the outlook for power projects, barring renewables, remains negative, while highways sector remains stable in pockets. The agency said that it does [...] Continue Reading »



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