The government is trying to promote infrastructure development through PPP projects and has suggested the state should pick projects under this mode in a big way.
Some say it is time to decongest the existing line infrastructure and cater to the supply shortage of rolling stock to meet the demand for bulk commodities such as coal, cement and foodgrains.
Union Minister for Railway Pawan Kumar Bansal presented the Railway Budget for 2013-14 on Tuesday.
Anil Dhirubhai Ambani Group firm says it is financially unviable.
The Rail Land Development Authority has invited online bids from private players to redevelop the station into an integrated commercial, retail, and hospitality hub.
Foreign direct investment and capital market are two major sources of capital in any industry.
A public-private partnership is changing the way the youth from rural India is enabling themselves to become job-ready.
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.
RSS-aligned Bharatiya Mazdoor Sangh (BMS) on Monday expressed disappointment over the government's budget proposals with regard to divestment and foreign direct investment, especially in the insurance sector. The BMS, however, lauded the government for its current efforts on the massive vaccination programme, a special scheme for tea workers in West Bengal and Assam, labour oriented push on infrastructure projects in construction sector and development of five major fishing harbours viz. Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat as hubs for economic activities etc. On other Budget proposals, it said in a statement that "mixing the beautiful concept of Aatmanirbhar Bharat with FDI and disinvestment in the Union Budget is disappointing for the employees".
The PPP framework for these projects, like building hospitals and schools, will be different from the existing regime for infrastructure.
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.
The day, now called Technology Day to mark the anniversary of the tests, will see the government launching a company, under a public-private partnership between the Confederation of Indian Industry and the Department of Science and Technology, to attract the world's leading technologies and promote innovation in the country.
'This will have a multiplier effect in generating more jobs.'
Combined debt-equity ratio of top companies declines but interest expenses outgrow profits.
'When the government wants to sell these assets, even if one set of assets gets caught in any quagmire, the whole process will fail.' 'The entire world is watching us.'
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 government plans to double investment in infrastructure projects to $1 trillion to achieve a GDP growth rate of 9 per cent during the 12th Five-Year Plan (2012-17).
The airports developed under the public-private-partnership model are presently handling 60 per cent of the passenger traffic in the country.
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.
Railway Board on Wednesday denied reports that its diesel locomotive manufacturing factory at Marhaura and electric locomotive manufacturing unit at Madhepura in Bihar were being abandoned and said they would be completed on public-private partnerships in Railways basis.
Government think tank Niti Aayog has suggested 100 per cent income tax exemption for donations and provision of working capital loans with lower interest rates for not-for-profit hospitals to strengthen healthcare services in India. In a report titled 'Not-for-Profit Hospital Model in India', the Aayog also pitched for involving high performing hospitals in public private partnership (PPP) models for managing primary health care (PHCs), operations of government facilities and PSU hospitals. "Income-tax exemption could be increased from the current 50 per cent exemption to 100 per cent exemption for philanthropy toward the identified not-for-profit hospitals.
About 50 countries, including Canada, Mexico, Nigeria and Panama, have shown interest in having a Co-WIN like system to run their vaccination drive, a senior official said on Monday, adding India is ready to share the open source software free of cost.
Employment exchanges will not remain mere places where people register their names and begin an endless wait for a call for an interview for a job which, most often, may never happen.
The government has approved 20 new highway and housing projects at a total investment of Rs 14,538 crore (Rs 145.38 billion).
"The performance of the public part of the (PPP) project should be subject to proper scrutiny but obviously where the private sector (is given) flexibility ... you cannot subject that to CAG scrutiny," Montek Singh, Planning Commission Deputy Chairman said when asked whether there is case for CAG scrutiny of PPP projects.
Fabindia, Shoppers Stop and four others have shown interest in a public-private partnership with Khadi Bhawans to manage 8 outlets.
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.
A tribunal consented with the decision of the newly constituted board of the IL&FS and observed that the initiation of bankruptcy proceedings was the best option for the two firms.
Maharashtra Chief Minister Prithviraj Chavan welcomed the joint decision of CII and WEF to hold the summit in Mumbai.
Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.
India's highways development project, the largest public private partnership programme in the world, is likely to attract a whopping investment of $41 billion, including FDI, from the private sector, Highways Minister Kamal Nath said.
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.
Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman on Monday proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetizing assets to achieve the goals of the National Infrastructure Pipeline (NIP). Sitharaman said NIP, that was launched in December 2019 with 6,835 projects, has now been expanded to 7,400 projects and around 217 projects worth Rs 1.10 lakh crore under some key infrastructure ministries have been completed. "For 2021-22, I propose a sharp increase in capital expenditure and thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE of 2020-21," the finance minister said.
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.
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 Bombay Stock Exchange says it will train 6.5 million people in the next 10 years to work in the BFSI (banking, financial services and insurance) sector, the largest employer in the Indian private sector.
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 Union agriculture ministry plans to invite private investment in its project to promote hybrid rice to increase output, particularly in eastern states.
The company is also exploring the markets of Bangalore, Nashik, Panvel, Thane and Pune among other cities for the same.
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