The year gone by showed resilience and helped bring back some of the mojo that had faced the onslaught of the demonetisation and GST interventions. Large projects were cleared and several initiatives like RERA and PMAY helped new projects accelerate.
Union Minister Nitin Gadkari is a man in a hurry. Recently, he announced the Rs 1-trillion Mumbai-Delhi Expressway, which will connect India's two most backward districts, Mewat (Haryana) and Dahod (Gujarat).
Indian cities dominated the ‘short term momentum ranking’ in JLL’s recently released annual global report ‘City Momentum Index’ (CMI) 2018. The report ranked Hyderabad (1st), Bengaluru (2nd), Pune (4th), Kolkata (5th) and Delhi (8th) in the top 10 cities out of the 30 top global short-term growth cities.
Earlier in May, when I had asked Sajjan Jindal, chief of JSW - the group with the best appetite for capital investment - when the private sector would begin investing, he had replied that we were poised for an imminent renewal in sentiment for private investment.
During the current regime of the NDA government, the narrative has shifted from unclogging, untangling, unblocking to easing, simplifying, digitising, and is now in the process of shifting to acting within timelines.
HCC (Hindustan Construction Company), as a lead partner in the JV with HSEPL, has been awarded a contract on EPC basis for the construction of Parwan Gravity Dam by the Water Resources Department, Government of Rajasthan.
Data suggests that demonetisation has hit the pace of announcement of new investment proposals during the quarter-ended December 2016 The Union Budget has set the tone for 2017 by accelerating the growth agenda.
The industrial policy statement of July 24, 1991, set the notes on which the elephant learnt to dance. Manmohan Singh´s reform Budget scrapped industrial licensing and the requirement to get clearance from the Monopolies and Restrictive Trade Practices Commission