China to boost PPP model in Silk Road initiative countries
The Dollar Business Bureau China will encourage public-private partnerships (PPP) in the nations participating in the Belt and Road Initiative or One Belt One Road (OBOR) initiative, a trade and infrastructure network connecting Asia with the Europe and Africa with the ancient trade route, said an official on Sunday. He Lifeng, Deputy Head, National Development and Reform Commission (NDRC), said NDRC and other departments, in order to encourage the PPP model in nations along the routes, have come up with the mechanism. However, he did not divulge more details. The PPP model would help in facilitating the growth of the projects as it widens the financing channels for the forms, he said. Innovative financing mechanisms were essential as some projects under Belt and Road Initiative need huge investments ...
Cabinet okays plan to upgrade Paradip Port coal export handling capacity
Source: PIB, Government of India The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given its approval to the project of Mechanisation of East Quay (EQ) Berths-1, 2 and 3 at Paradip Port on Build, Operate and Transfer (BOT) basis, under Public Private Partnership (PPP) mode for handling thermal coal exports. The estimated cost of the project is Rs.1437.76 crore of which Rs.1412.76 crore will be spent by the concessionaire. The remaining Rs.25 crore will be spent by the Paradip Port Trust on dredging. The project envisages mechanization of EQ 1, 2 and 3 Berths to increase their capacity from the existing 7.85 million tonnes to 30 million tonnes. The project is scheduled to be ...
Industry body proposes freight villages to reduce logistics cost for traders
The Dollar Business Bureau An industry body has sent a proposal to the government for the setting up of freight villages that will help traders to reduce logistics costs by providing an umbrella of services. “Freight villages are logistics concentration points, which are developed at strategic locations to provide various logistics-related activities such as warehousing, packing, re-packing, break-bulk centre, and truck parking, said ASSOCHAM (The Associated Chambers of Commerce of India), which has submitted a proposal to Transport and Shipping Minister Nitin Gadkari. The concept of freight village is based on the European model of clustering related logistics activities, the ASSOCHAM said. In Europe, freight villages are usually operated under public-private partnership mode. According to the proposal, an area closer to a merging point ...
Recognise the economic potential of Eastern India, RBI told
The Dollar Business Bureau The Prime Minister of India, Narendra Modi, on Thursday, urged the Reserve Bank of India to encourage the financial institutions in setting better targets for financial inclusion over the coming 20 years. Addressing the inaugural session of RBI Conference on Financial Inclusion, Narendra Modi also urged the RBI to set goals for achieving intermediate targets of 2019, 2022, 2025 and 2035-100 years of RBI. The Prime Minister further stressed on need for considering geographic parameters besides economic and social parameters, in order to achieve financial inclusion. In this regard, the Prime Minister urged the banking sector to recognize the economic potential of Eastern India and urged to make plans for the improvement of the same. ...
MSMEs incubation centres to promote entrepreneurship in agri-industry
The Dollar Business Bureau The Union Minister for Micro, Small and Medium Enterprises (MSME), Kalraj Mishra, on Wednesday, launched a ‘Scheme for promoting Innovation, Entrepreneurship and Agro Industry’. Speaking on the occasion, the Union Minister said that the scheme was aimed at setting up network and incubation centres for the promotion of start-ups for innovation and entrepreneurship in the agro-industry. This scheme has got its origin in the announcement made by the Union Finance Minister, Arun Jaitley in his budget speech, to set up a ‘Technology Centre Network’ to promote Innovation, Entrepreneurship and Agro Industry with a fund of Rs 200 crore. Referring to the budget speech, Kalraj Mishra also highlighted about the need for implementation of a programme to ...
India to witness more Foreign Direct Invesment inflows into the realty sector
| The Dollar Business “The recent move by the Indian Government like reduction in the number of documents for imports and exports and continued focus on ‘ease of doing business’ will augur well for the inflow of FDI (Foreign Direct Investment) into the Indian real estate,” said C Shekar Reddy, National President, The Confederation of Real Estate Developers Associations of India. Speaking to The Dollar Business, Reddy said the PPP (Public Private Partnership) model followed by the Government and its intention to generate Rs 70,000 crore through infrastructure bonds will attract FDI too and the industry might see the investments surge up to $7.5 billion for the year 2015, against $5 billion in 2014. For 2014, the percentage ratio ...
