Union Rail Ministry recently allowed 100 per cent FDI for the development of first- and last-mile connectivity projects at either end of the rail transportation chain providing connectivity to ports, large mines and logistics parks. The approval for FDI is given as part of a new policy for participative models in rail connectivity and capacity augmentation projects notified by the ministry recently. Hence, the railways will soon invite expression of interest from prospective investors.
Indian hospitality sector, after battling low occupancies and poor room rates in the recent years, seems set for rejuvenation with high hopes from the new government. SHRIYAL SETHUMADHAVAN explores solutions for the industry and suggestions for the policy makers.
Robbins India is a 100 per cent subsidiary of The Robbins Company, USA, and has been involved in various tunneling projects in India for hydro-power, irrigation and underground rail transport system with a wide range of variable geological conditions from hard rock to soft soil.
Indian metropolitan cities have been growing rapidly and traffic volumes have been increasing enormously. Overstretched rail and road networks have created an urgent need for a suitable transport system within Indian cities.
The industry was keen to see the representation the rail sector would get in this combined Budget, the first in independent India. The Finance Minister did a good job focusing on key and strategic measures for the railway sector.