Search Result for : Infrastructure Projects

The Dollar Business Bureau Credit rating agency S&P Global Ratings on Wednesday lowered the credit rating of Qatar by one level to AA- and put the country on a watch on concerns of further downgrading after four Gulf Arab nations severed ties with Doha.   “We believe this will exacerbate Qatar's external vulnerabilities and could put pressure on economic growth and fiscal metrics,” S&P Global said.  Saudi Arabia, Bahrain, Egypt and the UAE on Monday announced that they were severing diplomatic relations and closing air, land and sea links with Doha.   Saudi Arabia and its allies alleged that Qatar is providing support to extremist groups and serving the interests of Riyadh’s regional rival Iran, claims which Doha has strongly declined.   “At this ...

The Dollar Business Bureau Kishor Pate, CMD - Amit Enterprises Housing Ltd  The Finance Minister has announced that 1 crore rural houses will be created by 2019, and the outlay for rural housing under PMAY is Rs. 23000 crores from the previous Rs. 15000 crores. This will help address the housing needs of the homeless and those living in 'kachha' houses in the rural areas, and potentially help reduce pressure on urban areas if it is in conjunction with employment generation. The total allocation for infrastructure is a whopping Rs. 396135 crores in 2017-18. This is very good news for the real estate sector, as the correlation of infrastructure with real estate growth is a well-established fact. Affordable housing has finally been given infrastructure ...

The Dollar Business Bureau JMC Projects (India) Ltd. on Wednesday announced it has secured new construction orders worth over Rs.1,457 crore. The firm has bagged Rs.454 crore shipyard modernisation project in Goa, Rs.446 crore flyover project in Maharashtra, Rs.282 crore commercial project in Hyderabad and Rs. 224 crore residential project in Bangalore. The company also bagged educational building project worth Rs.51 crore in Amravati, Andhra Pradesh, JMC Projects (India) Ltd. said in a statement. Company CEO and Dy Managing Director S K Tripathi said, "In the past few quarters, we have successfully increased our presence in government projects. It would enhance our growth sustainability going forward." JMC Projects (India) Ltd (JMC) is an arm of Kalpataru Power Transmission Ltd. and is involved in building highways, ...

Aamir H Kaki Uttarakhand is one of the most transparent states in ease of doing business and provides a very conducive industrial environment, said Harish Rawat, Chief Minister of Uttarakhand. “We are maintaining a very conducive industrial atmosphere in the state and the growth rate of industry is more than 16 percent and we’re determined to push it further, he said at the 2nd Global Investors India Forum organised by ASSOCHAM in New Delhi on Thursday. Speaking at the Forum, Rawat showcased the state of Uttarakhand and the opportunities it holds for investors. Outlining the opportunities he said there is a lot of potential in the field of infrastructure development and hospitality and urged domestic as well as foreign investors to come and ...

PTI A Singapore-based consultancy firm focusing on infrastructure and urban development is positioning to bid for downstream projects in Andhra Pradesh's capital city of Amaravati for which it has prepared a master plan. "Currently, we are doing the land management system for Amaravati. Once that is finished, we can go to the next stage of tendering for some of the downstream work," said Wong Heang Fine, group chief executive officer of the Surbana Jurong Private Limited (SJ). "Between SJ and SMEC we can undertake the city's (Amaravati) infrastructure," said Wong after announcing a merger of his group with Australia's infrastructure consultancy, SMEC Holdings Ltd yesterday. The downstream projects include water systems and electrical distribution network, he said. ...

The Dollar Business Bureau South American nation, the Republic of Suriname, will establish an exclusive corridor for furniture design in the city of Hyderabad for exporting furniture to Latin American (LatAm) nations. This is the second such furniture corridor in India to be established on the lines of the first one in Kolar (Karnataka). The corridor will start and be functional in the next 6 months. This was revealed to the media on Friday by Asif lqbal, Honorary Consul of Republic of Suriname (for AP, TS and Karnataka). “The Republic of Suriname is working along with the government run design school, National Institute of Design (NID), for partnership,” he added. He was speaking to the newspersons on the sidelines of the opening ceremony of ...

The Dollar Business Bureau Mahindra Group’s private equity arm Mahindra Partners has invested an undisclosed amount in the US based urban mobility solutions provider Scoot Networks in the new round of funding, the company said in a statement. Along with this, Scoot Networks has added 500 Mahindra Genze electric scooters to its fleet. The $900-million private equity and venture capital firm has completed financing a new round in Scoot Networks. Vision Ridge Capital is one among the other investors who have invested in this San Francisco-based company earlier. Speaking about the partnership, Anand Mahindra, Chairman of Mahindra Group, said that the company has tied up with Scoot Networks team to offer a solution to the urban commuting challenges such as pollution, parking and ...

The Dollar Business Bureau Australian construction firm CIMIC Group’s Leighton Asia has won a contract to construct a project in Mumbai, the company said in a statement on Tuesday.  The company’s arm Leighton India Contractors has signed a pact to complete the second and third phases of the project Maker Maxity. This is likely to create a revenue of more than $169.5 million (approximately Australian $223-million) to the company. Maker Maxity is a retail, commercial and residential project at the upscale area of Bandra Kurla Complex, Mumbai.  Plans are afoot to develop this area into a hub for primarily investment banking. The second and third phases of the project include the development of both retail and hospitality sections of the project. CIMIC Group Executive Chairman ...