During the first seven months of FY2017, cargo throughput at major ports has registered a 4.6 per cent growth over the corresponding period of the previous year. The growth was supported by a doubling of iron ore cargo volumes (21 MT against 10 MT) as well as growth in POL (9 per cent) and other cargo categories (8 per cent).
The Delhi Development Authority (DDA) has plans to clear housing projects in outer Delhi. This move will open up new areas in the city for housing projects. It will also boost residential real estate development in outer Delhi regions such as Kanjhawala, Najafgarh, Burari, Ghitroni and Bawana. The plan is to allow residential units along 'facility corridors' earmarked in the MPD 2021 for urban extension.
The Supreme Court was informed by the Centre that it might cancel 41 coal block allocations made between 1993 and 2009 that were yet to be mined. The Government states that in the case of 61 other allocations, companies had been asked to remove deficiencies within four to six weeks. The Supreme Court pulled up the Centre for its 'laxity' in de-allocating coal blocks of companies.
The infrastructure sector expects the current situation to improve after a couple of quarters as some reforms initiated by the Government will yield results by then. Given the current subdued pace of project implementation and various concerns in the sector and the economy, the projected target of $1 tn investment in Twelfth Five-Year Plan in infrastructure is severely challenged.
Private companies were sent fresh notices by the Government asking them to furnish documents to verify the mining lease and green clearances or face cancellation of 61 blocks that have not started production or failed to meet key milestones. Some of the companies include Arcelor-Mittal, Hindalco, Jindal Steel and Power, Reliance Energy, Monnet Ispat, GVK, Lanco and some firms of the Tata, Essar and Adani groups.
Industrial projects that cost more than Rs 4,000 crore have been cleared by the West Bengal Government. Once completed, the projects are expected to result in nearly new 1,500 jobs being created in the state. The major proposals included a Rs 2,000 crore shipyard project Bengal Shipyard to be developed jointly by the state government and the Apeejay Group, which was pending clearance under the Land Ceiling act of the state.
Essar's technology park in Bengaluru has been sold to Infosys Technologies for approximately Rs 115 crore. The 300,000 sq ft Equinox Tech Park, developed by Essar's real estate arm Equinox Realty, is located a stone's throw away from the sprawling Infosys campus in Electronics City. Infosys' new facility will be able to accommodate a minimum of 3,000 employees.
In Rajarhat New Town, the Housing Infrastructure Development Corporation (Hidco) has identified 16 non-residential plot allottees that are yet to utilise their plots that were allotted in 2009 or earlier. The state government had earlier decided that no plot could be kept idle for more than six months after being allotted.
IIT-Delhi has plans to set up a centre for cyber security. The move has been planned to create a world-class faculty development and the institute has also made provisions to finance its research students for international exposure. It was felt that IIT-D is most suitable to have a capacity building for cyber security in the country. The centre will start in the next session and also undertake cutting-edge research in this field.