Infrastructure encompasses the whole spectrum of vital services such as roads, railways, civil aviation, shipping, power generation and transmission, telecommunications, postal facilities and urban development. Adequate infrastructure facilities are an absolute necessity for rapid achievement of sustainable economic growth.
Jharkhand has been ranked as the 10th highest receiver of Foreign Direct Investment (FDI) proposals in 2015, in a ranking of top FDI earning states in India and China. The state, which was the fifth highest FDI attracter in India last year, has been featured in the joint Indo-China list with five Chinese states and four other Indian states.
In the light of the shift in power at the Centre, RAJENDRA VARMA talks about the boost in confidence and hope for the construction and infrastructure industry. VThe decisive change of government has instilled a lot of confidence in corporate, business owners and real estate companies.
The Foreign Direct Investment (FDI) in the Indian port project by Singapore´s PSA International is facing a public interest litigation (PIL) scare which could potentially hurt the much-delayed capacity expansion project of Union Government-owned Jawaharlal Nehru (JN) Port near Mumbai.
The Ministry of Home Affairs has given its final nod to the proposal which allows foreign direct investment (FDI) in railways. The Cabinet Committee on Economic Affairs is likely to consider the proposal. The department of industrial policy and promotion (DIPP), which has already prepared a draft Cabinet note, is also awaiting the final go-ahead from the home ministry. It is essential that the DIPP obtains the necessary inputs from the ministry since it entails security concerns. Currently, FDI
The Government´s plan to permit Foreign Direct Investment (FDI) in the Indian Railways may be delayed. The Union Ministry of Commerce and Industry has asked the Railway Ministry for clarity on the scope of the policy and the preferred route for bringing in the foreign investments. The Department of Industrial Policy and Promotion, which formulates foreign investment policies, had circulated a draft proposing 100 per cent FDI in the Railways, but the ministry has sought several changes.
In Himachal Pradesh, five satellite townships would be developed under Public Private Partnership (PPP) mode and Foreign Direct Investment (FDI). The State government is keen to establish the proposed five new integrated townships at Shimla, Solan, Mandi, Hamirpur and Dharamshala.