FICCI's infrastructure summit in New Delhi, marked by large participation from all sectors, did not witness remarkable announcements, but for the reiteration that infrastructure is likely to miss the 11th Plan target by more than 10 per cent.
Driven by a philosophy of serving the industry, BICES 2011 will be characterised by an extensive scope of exhibitors on display, internationalised exhibitors, professional visitors and versatile programmes.
Caterpillar plans to build a factory to manufacture lar-ge wheeled loaders alongside a proving ground in Jiangsu province in China. The factory will produce a new model of wheeled loader, that is currently under development at the company’s R&D centre in Wuxi, also in Jiangsu province
Mass housing project RPP Infra Projects has won a mass housing project in the Republic of Gabon from the Ministry of Housing. The contract envisages construction of 10,000 houses over 36 month. Coke oven package NMDC has awarded a Rs 1,978 crore contract to Bhilai Engineering Corporation for the entire coke oven package meant for its upcoming 3 mtpa steel plant in Chhattisgarh.
The $8 bn China Steel Corporation (CSC), along with its co-investors, will invest $178 mn in a new plant to produce electrical steel in Bharuch district of Gujarat. It will be the second largest Taiwanese investment in India.
As rising government debt looks to squeeze infrastructure spending, world’s leading cement makers Swiss group Holcim and France’s Lafarge expect the coming years to be tough in Europe and the United States.