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.
Despite higher allocations, core sector likely to see reduced profitability.
The government will launch a project for modernising employment exchanges, which will help the youth to get jobs by registering themselves online at any exchange in the country.
The trained officers would be able to analyse and scrutinise data on hard disks, track e-mails, extract evidence using Internet and mobile phones and will familiarise themselves with cyber crime-related legislation.
Jamnalal Bajaj Institute of Management Studies is organising its annual business convention Strategym 2006.
The prime minister's committee on infrastructure has finalised a proposal for restructuring the National Highway Authority of India.
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.
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.
Seeking to enhance green mobility, the Union Cabinet on Wednesday approved the 'PM-eBus Sewa' scheme under which 10,000 electric buses will be provided to 169 cities under the public-private partnership (PPP) model.
India has initiated steps to build its first indigenous civilian transport aircraft under a public-private partnership project that will be undertaken in a national mission mode.
Finance Minister Pranab Mukherjee, who took additional charge of the finance ministry recently, has rejected a Planning Commission proposal to increase the upper limit for Viability Gap Funding (VGF) for infrastructure projects coming up under the public-private partnership model.
FDI inflow of $14.6 billion in the first five months of 2008-09 showed an impressive growth of 124 per cent over the same period last year. Earlier, in October the government had expressed optimism saying India would exceed its target of $35 billion this fiscal. Sectors that attracted maximum FDI in 2007-08 were services, telecom, housing, construction activities, real estate, electrical equipment, computer software and hardware.
The government had planned to complete the bidding process and award the final contract for these projects by December 2008. An official from the National Highway Authority of India said, "Now that PPPAC had given approval to these 21 highway projects, we will be speeding up the bidding process."
The Indian Space and Research Organisation (ISRO) will launch two initial missions later this year under the Gaganyaan programme, followed by country's maiden human space-flight mission in 2024, Union Minister Jitendra Singh has said.
Union Minister for Shipping, Road Transport and Highways TR Baalu has said the new toll policy has been finalised by the government, while the toll rules are under formulation.
MSD Wellcome Trust Hilleman Laboratories, the joint venture to develop affordable vaccines for low-income countries, will take off by next year.
Railways initiate project for ad revenues of Rs 4,000 cr.
The government may consider a public-private partnership (PPP) mode for setting up national gas highways to ensure distribution across the country.
A division bench headed by chief justice A P Shah dismissed a bunch of petitions that alleged that both the Delhi International Airport Ltd and the Mumbai International Airport Ltd were collecting ADF in an illegal manner, without having any authority.
The Andhra Pradesh Cabinet has approved a bill to implement Rs 9,696 crore Hyderabad Metro Rail Project which is expected to be completed by 2011.
Portraying India as a profitable investment destination, which will require fund inflows to the tune of $500 billion over the next five years
Singapore is keen on a public-private partnership with India in infrastructure development, especially in real estate and construction sectors, according to a member of a high-level business delegation visiting Chennai.
The aim to ensure a steady revenue and corporate sponsorship for sports, besides keeping infrastructure in use.
If the Indian Railways, therefore, wishes to implement its expenditure plans as outlined in the Interim Railway Budget, it has to look for alternative sources of funding. One option under study is to adopt the PPP route to implement new projects. Mamata Banerjee's first Railway Budget in the United Progressive Alliance government, therefore, may outline major PPP initiatives for several new projects, say railway officials.
They are allegedly the owners of the drugs and had commissioned the trip, police commissioner-general Marthinus Hukom, head of the Indonesian National Narcotic Agency, told reporters at a press conference in Batam.
The Andhra Pradesh government would develop a tourism project on about 2,000 acre at Gandikota in Kadapa district under public private partnership, said tourism minister J Geeta Reddy.
Singapore government's sovereign wealth fund Temasek is looking to invest $10 billion in India during the next three years, Ravi Lambah, Temasek's head of India and strategic initiatives, said.
As part of the initiative, Planning Commission is organising a one-day conference on 'Building Infrastructure: Opportunities and Challenges' on October 7.
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The railway minister said that one-third studies have already been done.
The Rajiv Gandhi International Airport, which is being developed by GMR on the outskirts of Hyderabad, will be the first greenfield public-private partnership (PPP) airport to be operational in March 16.
Consortium of 10 banks, led by the State Bank of India, has sanctioned the entire debt requirement of Rs. 11.480 crore for the project.
The biggest constraint to achieve a higher growth rate in South Asia is infrastructure. Growth in the region could have been higher if more investment in infrastructure would have been made, says Patel.
Through two stimulus packages, the Indian government recently allowed IIFCL to raise Rs 40,000 crore through tax free bonds to aid the financing of infrastructure projects which were being carried out as public-private partnerships, the Bank said.
The scheme is expected to activate the measures announced for the housing construction sector under the economic stimulus packages. It will increase the stock of houses ranging from 300 sq ft to 1,200 sq ft plinth area built at affordable rates on land provided by state governments.
The centres will be set up under a pilot project on PPP (public-private partnership) mode across the country, principal advisor (skill development mission) of Planning Commission Jayati Chandra said, adding that these are expected to come up by the middle of the year.
The government is optimistic that the Indian pharma industry with a strength of 25,000 companies will be a leading player in the sector in the years to come.
Privatising the railways is not on her agenda. But the minister wants to earn revenue for the government by all means possible, and also do social good. railway Railway Minister Mamata Banerjee talks of her pet public-private partnership and Vision 2020. Edited excerpts:
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