Infra players recommend changes to boost sector

26 Dec 2019 Editorial Team

As reported, during a pre-budget discussion with Finance Minister Nirmala Sitharaman, and other officials from the environment, finance and renewable energy ministries, various infrastructure companies highlighted the need to bring in captive renewable policy following exemptions from cross subsidy and transmission charges – in order to allow setting up of clean energy plants by making renewable energy more feasible.

The infrastructure sector urged the government to consider various other corresponding issues, including the prospect of releasing finance for real estate projects so as to give a push to consumption of construction materials like cement and steel. Deliberations on releasing funds for the sector were also held in order to revive the same.

Reportedly, industry experts were of the view that although there is huge potential in the renewable energy sector, the transmission charges and cross subsidy are holding it back – making thermal power cheaper in comparison. Therefore, they urged the government to consider exemption from the same.

As per reports, it has been stated that the cement sector is keen and able to set up renewable projects of around 12 GW to 15 GW. With respective to the relevant obstacles, transmission charges are around 50 paisa per unit whereas the cross subsidy amounts to Rs 1.5-2 per unit.

Additionally, sector players also discussed – the industry’s capability in dealing with plastic and municipal waste, trade rule formations and policies that caused problems and availability of finance for the sector.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..