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Infrastructure development

Projects stalled due to delay in clearances

Projects stalled due to delay in clearances
With almost 300-mega projects worth about Rs 15 lakh crore remaining stalled due to delay in clearances, PM Narendra Modi on Friday directed all ministries to monitor online the progress of infrastructure development, including foreign ventures of state-owned undertakings. Since the government has approved 100 percent FDI in railways, Modi asked the ministry to come [...] Continue Reading »

Synergy signs MoU with Malaysian firm for real estate and infrastructure development projects

Synergy signs MoU with Malaysian firm for real estate and infrastructure development projects
Synergy Property Development Services, a Bangalore-based project management consulting and turnkey solutions company, has signed a memorandum of understanding (MoU) with Malaysia-based HSSI. This firm is an engineering consultancy practices company, and this MoU was signed for a strategic partnership to collaborate on real estate and infrastructure development projects in Malaysia, South East and Far East [...] Continue Reading »

PE players are keen to join hands with builders

PE players are keen to join hands with builders
Post a lull of nearly three years, sale of large land parcels is picking up across the country amid a general improvement in sentiment on expectations that the new government will focus on infrastructure development. Not only the developers but also the private equity (PE) players, too, are keen on joining hands with builders to [...] Continue Reading »

Dubai investors willing to fund Gujarat’s Tec-City

Dubai investors willing to fund Gujarat’s Tec-City
Many Dubai based organisations are keen to develop the Gujarat International Finance Tec-City (GIFT City) project near Gandhinagar, state Finance Minister Saurabh Patel said here today. Patel had been to Dubai between August 8 and 10 to promote the state government-backed GIFT City project, along with Chairman of GIFT City’s Sudhir Mankad and Additional Chief [...] Continue Reading »

GIFT city in Gujarat to boost trade and education- Phase 1 raises Rs 1157 crore

GIFT city in Gujarat to boost trade and education- Phase 1 raises Rs 1157 crore
On Tuesday NaMo’s mega-dream project, Gujarat International Finance Tec-City (GIFT City) announced that they have been able to raise the complete fund for the phase 1 infrastructure development project. Ramakant Jha, the Managing Director and Group CEO, GIFT City Company Ltd mentioned that the estimated cost of the core infrastructure development in Phase I is [...] Continue Reading »

Dependence on banks for infra project finance costly

Dependence on banks for infra project finance costly
Impacting the finances of banks and infrastructure developers, infrastructure development, which should have been funded by the corporate bond market, was done through banks. Krishnan said at a CII event on corporate bond market, “From the first three pillars, the corporate bond market will develop high-grade instruments, whereas the fourth pillar would provide stability to [...] Continue Reading »

SBI says, Banking foray may dilute IDFC’s infra focus

SBI says, Banking foray may dilute IDFC’s infra focus
Infrastructure sector is likely to be affected by the RBI decision to award the IDFC a full-fledged banking license, as it has been facing a slowdown already and the company was a leading an integrated infrastructure finance player ,as told by the State Bank of India (SBI), the country’s largest lender. Arundhati Bhattacharya, SBI chairperson [...] Continue Reading »

Tatas Plan $8-billion Infra Push

Tatas Plan $8-billion Infra Push
After the country’s coming elections that will lead to a new wave of infrastructure development, Chairman of the Tata Group, Cyrus Mistry, is scheduling to spend at least $8 billion in building roads, airports and housing, betting a stable administration. In December 2012 after Ratan Tata’s two decades at the helm, Mistry, 45, took over [...] Continue Reading »

Tamil Nadu gears up to improve infrastructure; plans to spend Rs.13,000 Crores

Tamil Nadu gears up to improve infrastructure; plans to spend Rs.13,000 Crores
The Tamil Nadu government is giving a lot of thought to the infrastructure development of the state to promote industries. The state government presented a no new-tax budget for 2014-2015. This move to promote industries amidst a “failing macro environment” is being taken to support the economic growth in the state. The government has decided [...] Continue Reading »

Land acquisition and policy paralysis issues should be addressed

Land acquisition and policy paralysis issues should be addressed
The construction sector in the past 2-3 years has been witnessing order inflows with land acquisition and policy paralysis issues being the key factors. It is expected that the upcoming Budget will usher in solutions in terms of allocation across segments like roads, urban infra, irrigation, power and so on. The realty industry expects that [...] Continue Reading »



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