On the heels of a new government committed to infrastructure and growth, India stands on the cusp of a transformation. Change is the only constant. And, the Indian economy is proof of this. While a year ago, the scenario looked gloomy with a sub 5-per-cent GDP
According to the Central Road Research Institute (CRRI) data, Delhi and Mumbai record highest number of potholes in India. Consider this: Brihanmumbai Municipal Corporation (BMC) spent a whooping Rs 57 crore last year on repairing potholes.
To boost infrastructure development as well as affordable housing, the Reserve Bank of India (RBI) today exempted long-term bonds from mandatory regulatory norms such as cash reserve ratio (CRR) and statutory liquidity ratio (SLR), if the money raised is used for funding of such projects.
CRRC Corp has recently launched operations of its first JV plant in India. CRRC is also the first foreign company to set up an assembly line of rail transportation equipment in India after Prime Minister Narendra Modi unveiled the ambitious ´Make in India´ campaign in 2014.