Downplaying concerns of delay, Amitabh Kant, managing director of Delhi-Mumbai Industrial Corridor Development Corporation (DMIC), says the project will be delivered on time.
The company is preparing Information and Communications Technology master plan for four smart cities proposed under the DMIC project.
India is finally set to give shape to its futuristic smart cities - world-class, self-sustainable habitats with minimal pollution levels, maximum recycling, optimised energy supplies and efficient public transportation.
The first memorandum of understanding was signed between the DMIC Development Corporation and the Japan External Trade Organisation for promoting eco-friendly townships and industries.
Phase-I of the ambitious Delhi-Mumbai Industrial Corridor project entails an investment of Rs 17,319 crore(Rs 173.19 billion) and is poised to generate 330,000 jobs.
The Congress on Friday questioned the silence of the government on the veracity of a video which purportedly shows injured Indian soldiers in captivity of the Chinese and said if it is genuine, then Prime Minister Narendra Modi must ensure that China is held globally accountable for indulging in war crimes.
Maharashtra minister pleads for stay on land acquisition.
Whatever be the political coalition that comes to power at the Centre after May 16, the new government will have five ongoing projects to kick-start a sluggish economy.
Focus on the Dedicated Freight Corridor and Delhi-Mumbai Industrial Corridor could spur the sector.
Rajasthan Chief Minister Ashok Gehlot is determined to implement the Eastern Rajasthan Canal Project despite the Centre's indifference.
With the first two phases of town planning and zonation completed this month, the country's first special investment region (SIR) at Dholera in Gujarat is set to take off. The endeavour in Ahmedabad district is likely to bring investment amounting to $90 billion to the western state over the next ten years.
Cities will come up along Delhi-Mumbai Dedicated Rail Freight Corridor.
There is little that Andreas Schmid, the Swiss-born chairman of Flughafen Zurich AG (Zurich Airport International AG), and Yogi Adityanath, chief minister of Uttar Pradesh (UP), could have in common. But Schmid, whose company is building the Noida airport in partnership with the UP government, finds himself on the same footing as the firebrand Hindutva leader who rules the state. Both hope the Rs 30,000-crore ($4 billion) project, hanging fire for 20 years, shows some progress when UP goes to the polls in 2022.
The state has proposed the creation of the Pithampur-Dhar-Mhow mega industrial region over at least 200 square km, where an apparel park, a gem & jewellery park, a software technology park, a herbal park and clusters for pharmaceutical firms, textiles, food-processing and auto components will come up.
The Union Cabinet approved the DMIC project outline on the eve of the visit of Japanese Prime Minister Shinzo Abe, Information and Broadcasting Minister P R Dasmunshi told reporters here.
Three stockmarket experts give their best picks for the New Year.
Narendra Modi is no reformist, but here's how he could yet change the path India's economy.
Amitabh Kant tells Rahul Jacob how India could be made an easier place to do business in and why India's software smarts will give it an edge.
PM Modi on Saturday met PM Abe and invited Japan to be part of the 'Make in India' programme.
India needs to revive corporate sector investment, push critical reforms and remove infrastructural bottlenecks to boost industrial growth in the country, says a government document.
With all the brouhaha over GST, and (often) a limited understanding of the long-term forces shaping India's logistics sector, companies seem to have omitted factoring in some underlying trends that could shape supply chain excellence, says Neelesh Mundra.
Modi also rolled out the first of the 500 metro coaches manufactured by Bharat Earth Movers in flat 75 days at it Bengaluru facility.
Armed with green nod and fund infusion, Gujarat govt getting ready to issue tenders to build infrastructure at the mega investment region
In a few years there may be 100 Japanese companies in Gujarat, while Chinese firms may commit investments of over Rs 6,000 crore.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
In a meeting with the commerce minister, India Inc hammered Sharma on the collapse of investments, structural nature of the current account deficit and stagnant growth in agriculture.
Stocks to watch: Container Corp, Snowman Logistics & Transport Corp
The changes in the ordinance have been made after taking inputs from states suggesting changes to the Act which would make it more industry-friendly
Enunciating slew of measures initiated by the UPA to augment the sector, the finance minister said 19 oil and gas blocks were given out for exploration and 7 new airports are under construction.
An analysis of the National Housing Bank's Residex shows from 2007 to now, almost all tier-II cities have seen their residential property prices appreciate by 45-120 per cent.
Indian economy about to take-off
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