Search Result for : Railway Infrastructure

The Dollar Business Bureau  With an aim to increase its revenues, the Indian Railways has formulated plans to make Rs.8000 crores via commercial development of railway land across the country. There are several areas near railway stations, colonies and workshops, which are lying idle and according to the plan, these unused sites would be developed commercially, said a senior official from the Railway Ministry. In order to commercially utilise these sites, Indian Railways has created a Rail Land Development Authority (RLDA). Presently, RLDA has been entrusted with 49 sites, that measures 497.21 hectares, for commercial development, the official informed. He further said the extent of revenue expected to be generated from these sites will be around Rs.7000 to 8000 crore. In addition to these 49 sites, ...

The approved proposals included those sought by Alstom Manufacturing India Limited and pharma majors like Cipla, Glenmark, Emcure, and Celestis The Dollar Business Bureau In the pharma sector, Cipla has got the go-ahead to bring in a maximum Rs. 145.22 crore from Mauritius-based FIL Capital Investments Limited   The government has cleared 10 foreign direct investment (FDI) proposals, allowing an inflow of up to Rs.607 crores mainly in pharmaceuticals and railway infrastructure sectors in the country. The approved proposals included those sought by Alstom Manufacturing India Limited and pharma majors like Cipla, Glenmark, Emcure, and Celestis. Based on the recommendations of Foreign Investment Promotion Board in its 231st meeting held on 22nd January 2016, the government has approved 10 FDI proposals involving FDI of Rs. ...

Through this 5-year-long MoU which also has scope for extension for five more years, the two countries intend to take further existing cooperation in bilateral trade and investment. The Dollar Business Bureau Under the MoU, both the sides intend to develop cooperation activities in the Railways, which include Railways policy development, regulations, exchange of knowledge & technical expertise, innovation, technology, sustainable solutions and research   In a move towards drawing global-level technical standards and foreign investments into Railways, the Indian Ministry of Railways on Monday signed a Memorandum of Understanding with the Swedish government for technical cooperation. A MoU has been signed between Girish Pillai, Advisor, Infrastructure, Ministry of Railways and Oscar Stenstrom, State Secretary, Ministry of Enterprise and Innovation of the Kingdom of ...