Search Result for : Infrastructure Development

The Dollar Business Bureau  The Government assigned the Asian Development Bank (ADB) to carry a feasibility study and to prepare the Conceptual Development Plan for East Coast Economic Corridor (ECEC) that will link Kolkata in the eastern region of the country through Chennai to Tuticorin in the South.  “The Government of India gave its concurrence for engaging the ADB for carrying out feasibility study and preparing the Conceptual Development Plan for East Coast Economic Corridor (ECEC) linking Kolkata in the East through Chennai to Tuticorin in South in a phased manner, Commerce and Industry Minister Nirmala Sitharaman said in a written response in Lok Sabha on Monday. The final study on the Conceptual Development Plan for Visakhapatnam-Chennai Industrial Corridor (VCIC) has been submitted by the ADB. Master plan has started ...

Besides strengthening of bilateral trade, a large number of UAE and Indian companies have shown interest to invest in each other’s countries Source: PTI Prime Minister Narendra Modi with a delegation accompanying the Crown Prince of Abu Dhabi, His Highness Sheikh Mohammed Bin Zayed Al Nahyan, at the Ceremonial Reception, at Rashtrapati Bhavan, in New Delhi on Thursday   Indian businessmen based in the UAE have hailed the ongoing visit of Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed Al Nahyan to India, hoping it would further boost trade and investments between the two major trading partners. Kamal Vachani, Group Director, Al Maya Group, and Regional Director of Electronics and Computer Software Export Promotion Council (ESC) for the Middle East, ...

While each JV would have an initial paid up capital of Rs.100 crore based on the quantum of projects to be undertaken, the Ministry of Railways initial paid-up capital is limited to Rs.50 crore per state The Dollar Business Bureau The joint venture companies would be formed with equity participation of Ministry of Railways and concerned state governments   The Union Cabinet gave its approval for the Ministry of Railways to form joint venture companies with state governments to mobilize resources for undertaking various rail infrastructure projects across the country. The joint venture companies, to be formed with equity participation of the Ministry of Railways and concerned state governments, are expected to ensure greater participation of states in implementation of railway projects, both in ...

There is a need for a long-term sustainable policy for attracting more investments in the sector and increasing private partnerships in rural and remote areas, says D S Rawat, ASSOCHAM General Secretary The Dollar Business Bureau The State's mine owners recently had written to the Prime Minister Narendra Modi, requesting him to abolish the export duty   Aided by factors like policy stabilization, institutional support, awareness about safety norms and infrastructure development, Indias agricultural exports are expected to cross $300 billion mark by 2023, projected an Associated Chamber of Commerce and Industry (ASSOCHAM) study. During the past decade, the countrys agri exports (including tea, coffee and marine products) have grown almost eight times from around $5 billion in 2003 to over $39 billion in ...

The Dollar Business Bureau Chennai-based RPP Infra Projects Ltd on Tuesday said that it has entered into an agreement with China’s state-run HUNAN Construction Engineering Group Corporation (HNCEG) to set up a joint venture for carrying out projects in India. “HUNAN will act as a lead partner of the joint venture to make all necessary statement on behalf of joint venture,” the Indian company said in a statement. “This is the game changing development for RPP Infra Projects Ltd to work with one of the largest Chinese infra company in India. The idea behind to establish joint venture is to capture big size orders and profitable business in infrastructure area in fastest growing emerging markets like India,” said Arul Sundaram, Chairman & ...

The Dollar Business Bureau Prime Minister Narendra Modi (L) with Vice-President and Prime Minister of UAE, HH Mohammed bin Rashid Al Maktoum (R), at Za’abeel Palace, Dubai, on Monday.   The United Arab Emirates (UAE) will increase its investment in India to $75 billion and the two countries have agreed to enhance the bilateral trade by 60% in the next five years. At present, the India-UAE trade is estimated to be around $60 billion and the gulf country’s investment in India is around $8 billion. Prime Minister Narendra Modi met Crown Prince Mohamed Bin Zayed AI Nahyan in Abu Dhabi on Monday. “The two leaders agreed to further promote trade between the two countries, and use their respective locations and infrastructure ...

The Dollar Business Bureau The President of India, Pranab Mukherjee, on Friday, pitched on the need for improving infrastructure facilities in Information and Communication Technologies (ICT)-enabled services across the country. Stating that Wi-Fi services could be rolled out in public places across the country, both in urban and rural India, the President called upon the concerned authorities to ensure availability of infrastructure for Internet and ICT-enabled services across the country and use it in a systematic manner. The President was speaking after the inauguration of 24 Hot Spots with 30 Wi-Fi access points in the President’s Estate on Friday. Speaking further, the President informed that India stands at 89th position in Network Readiness Index and countries like Singapore, Finland and ...

 The Dollar Business Bureau India is likely to be the second largest shareholder of the Asian Infrastructure Investment Bank (AIIB), while China’s share stands above that of India’s, in the bank intended for infrastructure development in the Asia region. An information in this regard was said to have been given by the delegates attending a meeting of the AIIB's founding members in Singapore, on Friday. While China’s share is expected to be between 25-30%, India’s share is likely to be around 10-15% in the USD$ 100 billion lender aimed at the infrastructure development in the Asian region, informed the delegates, according to the reports. Of the total 57 countries those have joined as the founding members of the AIIB, the ...