As FIIs pull out of road projects, doubts have surfaced about the future of new highways and roads
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
Land acquisition costs have gone up to almost 50% of total project cost.
Central Industrial Security Force chief OP Singh briefed Union Home Minister Rajnath Singh on the heightened arrangements at airports, ports and other vital installations guarded by the central force.
Cabinet to take up proposal to extend operation & maintenance contracts from 9 to 29 years
Govt to chalk out entry of sovereign funds from Abu Dhabi, Qatar into such projects.
With its new hybrid annuity model, the government is confident of getting more funds from India Inc.
The minister said apart from the potential of 10 million jobs under Sagarmala, more than 10 million could be easily created in shipping, highways and other sectors
The sector hit many roadblocks during 2014, as builders were seen shying away from the projects and investments dried up amid various regulatory, judicial and policy-related bottlenecks.
The comments come amid strong political protests against land acquisition by global steel majors Posco and ArcelorMittal, whose much-touted multi billion dollar projects are still awaiting ground-breaking.
Electricity, a basic minimum service that any citizen or industry should get for its development, witnessed severe fluctuations in progress in 2009 in terms of capacity addition.
Having survived the financial turbulence of 2008, India's Port and Shipping sector appears poised to sail into good times in the new year thanks to a slew of steps taken by the government in 2009 to remove bottlenecks.
The power sector has been notorious for missing capacity addition targets and it remained just that in 2008.
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