It will be based in the Silicon Valley and will act as a landing pad for Indian startups looking to enter the crucial US markets.
A consultant is being appointed to work out the details of the project.
Delhi's showcase Airport Metro Express would be back on track after being shut for six months, but it won't be a high-speed corridor as envisaged with the Commissioner of Metro Rail Safety today granting the nod for operations with a reduced speed of 50 km per hour.
Bombardier Transportation India Ltd is considering an association with the Indian railways
In a significant move to enhance its strategic resource security, India has officially released its first-ever critical minerals list, identifying 30 key critical minerals crucial to the nation's economic growth and technological development. This pioneering step aims at reducing import dependence, enhancing supply-chain resilience, and supporting the country's net-zero objectives. Union Minister Parliamentary Affairs, Coal and Mines Pralhad Joshi, while releasing the Critical Minerals for India report in New Delhi on Wednesday, said, "India is readying for an Atmanirbhar Bharat."
Prime Minister Narendra Modi in his first-ever in-person meeting with President Joe Biden raised a number of issues involving the Indian community in America, including access for Indian professionals in the US and speaking about the H-1B visas, Foreign Secretary Harsh Vardhan Shringla has said.
Stating this Union Tourism minister, Subodh Kant Sahai said on Friday his ministry has appointed a national level consultant to identify four tourism circuits in each state, excluding the North Eastern states and 2 in each union territory for integrated development of tourism circuits during the 12th Plan period.
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The railway minister said that one-third studies have already been done.
Haryana tops the list of states that have witnessed maximum number of public-private-partnership (PPP) projects in the area of urban development, with a share of 85 per cent worth Rs 66,800 crore as on August 2012, a study has said.
The airports developed under the public-private-partnership model are presently handling 60 per cent of the passenger traffic in the country.
As part of its ambitious Rs 2,30,000 crore (Rs 2,300 billlion) outlay for the 11th Plan, Indian Railways plans to use space above platforms in Delhi, Mumbai and other cities to build passenger amenities by involving private players.
The government has approved 20 new highway and housing projects at a total investment of Rs 14,538 crore (Rs 145.38 billion).
The Indian Railway Station Development Corporation is now looking to modernise 90 stations across the country.
Fabindia, Shoppers Stop and four others have shown interest in a public-private partnership with Khadi Bhawans to manage 8 outlets.
The Umbrella SSA is a single agreement that entitles the state government to support and facilitate the Centre in land acquisition, law and order and security in every highway project across the state.
The apex auditor is busy preparing a report on the Air India-Indian Airlines merger and modernisation of airports through public-private-partnerships, both carried out during the previous term of the United Progressive Alliance government.
Stepping up defence cooperation, India and the US are poised to unveil a roadmap for industries in the sector to partner closely in co-production, co-development and maintaining supply change during Prime Minister Narendra Modi's visit to the US beginning June 21.
CST Mumbai, Pune, Nagpur, Howrah, Sealdah, Thiruvanathapuram, Chennai, Bhopal, Madhura Junction, New Jalpaiguri and Kochi are some of the stations that will be modernised.
It is a Budget 'high on promises but low on design,' the agency said.
Maharashtra Chief Minister Prithviraj Chavan welcomed the joint decision of CII and WEF to hold the summit in Mumbai.
The government on Thursday said it would expeditiously clear pending proposals in the infrastructure sector under the public-private partnership (PPP) mode while making regulations, governing this area, investment friendly.
'It will send a very strong signal that it is now our time to grow.'
It was one of the toughest times in history to announce a budget, says Harsh Goenka, chairman of RPG Enterprises.
The bidding will be opened in second week of April and the highest bidder will be entrusted with the responsibility of developing a group housing complex complete with all modern facilities including shopping complex and health services, said a senior railway official. Besides the reserve price, the developer has to renovate 750 railway quarters near the site as part of the development agreement.
Rajat Gupta, former director of Goldman Sachs and Mckinsey, has resigned from the board of the Hyderabad-based Emergency Management Research Institute (EMRI), a public-private-partnership initiative being run by the GVK group.
To fund infrastructure projects in the public-private-partnership model, the forthcoming Budget could lay down some broad contours on the setting up of debt funds, which will provide investment for the core sector.
Delhi Metro's Airport Express, the country's first corridor to come up on Public-Private- Partnership mode, will roll out for public on Wednesday, turning Delhiites' dream of a hassle-free ride to the Indira Gandhi International Airport into a reality.
His outburst has to rank among the most bizarre episodes of two arms of the government fighting in public.
'Recent underperformance notwithstanding, equities should constitute a major part of investors' financial portfolio.'
ICICI Prudential Life Insurance Company (IPru) is struggling to generate growth in the value of new business (VNB). This is due to a combination of weak growth through the parent bank's channels, a shifting product mix in favour of unit-linked life insurance policies (ULIPS), and higher payouts to third-party channels. Leverage from current investments, a further reduction in contributions from ICICI Bank, and a pick-up in non-participating policies from the end of the year is key for this metric in the near to medium term.
The government's ambitious highway projects under the public-private partnership mode are in serious trouble. Construction companies have either not put in bids or have withdrawn from 20 such projects, which fall under the build, operate and transfer scheme.
To be set up under the PPP model, the 20 institutes will offer undergraduate, masters and PhD programmes.
The innovation universities are part of the ministry of human resource development's brain gain policy.
Spread over 940 square km, a new city would be developed at Dholera by the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) as a part of its $90 billion project spread across six states.
Qatar Investment Authority (QIA) will acquire around 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, by investing Rs 8,278 crore ($1 billion). A QIA's wholly-owned subsidiary will make the investment in India's largest retailer at a valuation of Rs 8.278 lakh crore ($100 billion). Updating about the development, Reliance Industries in a regulatory filing said: "QIA's investment will translate into a minority equity stake of 0.99 per cent in RRVL on a fully-diluted basis." RRVL is the holding company for all retail businesses of Reliance Industries Ltd (RIL).
Singh made the remarks while addressing a "CEOs' Roundtable" at the 14th edition of Aero India at the Yelahanka Air Force station complex on the outskirts of Bengaluru.
Combined debt-equity ratio of top companies declines but interest expenses outgrow profits.
India's leading commodity exchange, National Commodity and Derivatives Exchange (NCDEX), and private weather forecasting company Skymet took a significant step towards launching the country's first tradeable weather index on Monday (August 14) by entering into an agreement to deepen their understanding of the impact that weather has on agricultural commodities. The memorandum of understanding (MoU) between NCDEX and Skymet is a profound step in the direction of linking farmers with the weather in a scientific way, according to an official statement. Sources indicate that NCDEX and Skymet will conduct workshops and seminars across the country to educate farmers about how they can scientifically use weather forecasts to hedge risks.
Bids for the proposed Rs 1,290-crore (Rs 12.9 billion) Madhepura electric locomotive factory in Bihar will be opened next week, say railway ministry officials.
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