Manila-based Asian Development Bank has mentioned that it would provide $700 million as loan to India for developing infrastructure projects on a public-private partnership basis.
 
The loan would be made available in three tranches over a period of five years to government-run ...

Repco Infrastructure Development Co is in talks with the Tamil Nadu government to develop vacant land on build-operate-transfer (BOT) basis worth Rs. 100 Crore.
 
"We are discussing various BOT projects with the Tamil Nadu government, the total value of which is around Rs.100 ...

The Phase 1 of the Ecospace business park of Ambuja Realty, located in the north-eastern fringes of Kolkata, was inaugurated on Wednesday.
 
Harshavardhan Neotia, chairman of Ambuja Realty, said at the inauguration: "We have a plan to invest Rs.290 crore for the whole project. But for ...

Union Finance Minister Pranab Mukherjee has mentioned that the 95% of the $4.3 billion loan granted by World Bank will used for the development the infrastructure of India.
 
"The World Bank has sanctioned $4.3 billion loans for India. At least 95% of the fund will be used for ...

Kolkata-based Simplex Projects Ltd, an engineering and construction company, will be constructing multi-level car parking facilities in Guwahati and Noida.
 
The chairman and managing director of Simplex, B. K. Mundhra, who was addressing the media after the annual general meeting of Simplex ...

The Union Minister for Corporate Affairs Salman Khurshid has disclosed on Monday that Maytas Infra will have a new promoter, effective from today. Infrastructure Leasing and Financial Services Ltd, IL & FS, a leading infrastructure development and finance company, will be the new Maytas ...

Indian government will hold road shows in Zurich, Switzerland, on Tuesday so as to attract foreign investment for road projects in India.
 
The show is organised along with the Confederation of Indian Industry (CII), ICICI Bank, JM Financial Consultants and Swiss-Indian Chamber of Commerce. ...

According to Union Minister for Chemicals and Fertilisers, M.K. Alagiri, the Tamil Nadu government must promote industrialisation in the southern districts of the state instead of staying focused only on Chennai and its surroundings.
 
"The chief minister should show the way for ...

According to Minister for Road, Transport and Highways Kamal Nath, the government will spend Rs.1,000 billion this fiscal and an equal amount in subsequent years with a target of building 20 km of road every day.
 
"This year we will build more road kilometres than what was done ...

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs.135 crore to the Himachal Pradesh government for the development of rural infrastructure.
 
"NABARD has sanctioned Rs.135 crore to Himachal Pradesh for the year 2009-10. The amount would be spent for ...

Pranab Mukherjee has proposed some more concessions in direct and indirect taxes, especially for infrastructure, housing and food processing industries, to push the country's growth.
 
The proposed measures were announced during Mukherjee's reply to the debate in the Lok Sabha, on the ...

For the bus rapid transport (BRT) system to be effective in tackling congestion in Indian cities, emphasis must be laid on how the system operates rather than just design and planning, experts said here Saturday.
"The main constraints of the BRT in India is that the investment and planning ...

According to the Industries Department policy note submitted by Deputy Chief Minister M.K. Stalin in the state assembly on Monday, the government has identified certain countries as having higher potential to make investment in the state.
 
Orders have been issued for the development of ...

According to the Budget 2009-10, India will have a better infrastructure in the coming years. Following are some of the recommendations put forward by the government of the revival of Indian infrastructure:-


To set up IFFCL for providing financial assistance to infrastructure companies
...

The following are revival reforms for infrastructure of India as put forward in the Union Budget 2009-10. 


Allocation for Bharat Nirman up 45% 

The budgetary allocation for the flagship Bharat Nirman (Build India) programme has been increased by 45%. This is a program which ...

The Union Finance Minister Pranab Mukherjee on Monday revived the government's divestment programme. He has promised to bring equity of the public enterprises in the hands of general public.


He also added that in areas like banking and insurance, specifically, the majority control of the ...

Owing to the shortage of long-term finance, it is difficult to achieve the investment target set for the infrastructure sector for the 11th Five-Year Plan period. The government has estimated an investment requirement of $500 billion in the infrastructure sector for the plan period that ends in ...

The Asian Development Bank (ADB) has approved a development loan of $100 million to China. The loan amount will go towards undertaking of developmental projects in China's northwestern Xinjiang Uygur Autonomous Region.

The Xinjiang Urban Transport and Environmental Improvement Project, which ...

Union territory, Chandigarh will get metro rail facility under the proposed Mass Rapid Transport System (MRTS) project. The project has been planned to ease traffic problems and provide better transport facilities to the commuters of cities like Chandigarh, Panchkula and Mohali. According to an ...

The government-owned Garden Reach Shipbuilders and Engineers Ltd (GRSE) will soon set up a three-way joint venture (JV) for a ship designing facility in Kolkata, its chief said on Friday (3rd April). For this JV, GRSE will collaborate with French naval shipbuilder Direction des Constructions ...

New Delhi-based infrastructure developer Anant Raj Industries will set up an "Education City" at Mehsana (Gujarat), about 90 km from Ahmedabad. The total cost of this ambitious project is estimated at Rs.3, 500 crores. In this regard the company released a statement on Monday (30th ...

Hindustan Construction-led consortium won a Rs 1415-crore highway construction project. According to company sources, under the proposed project a six-lane highway will be built to connect the states of Maharashtra and Madhya Pradesh. The 96.5-km highway will start from the Maharashtra border along ...

Universal Success Enterprises Ltd (USEL) of Singapore has inked as many as three agreements with the government of Gujarat to make an investment of Rs.87,000 crore ($17.5 billion) in infrastructure projects. USEL is focused on thermal power generation, seaports and mixed-use industrial and urban ...

A memorandum of understanding (MoU) was signed between Mitsui & Company India and Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC) and IL&FS Infrastructure Development Corporation for setting up an integrated Japanese industrial, transportation and ...

Italian integrated machines manufacturer Biesse group on Thursday (November 20) announced its plans to invest euro 5.5 million in capacity expansion of its plant in Bangalore. Biesse SpA director Sergio Mina told reporters in the city that the company will invest euro 5.5 million to expand its ...

Parsvnath Developers has entered into joint venture with Spanish construction company Constructora San Jose SA to capture the infrastructure sector. Under the new agreement both the companies will hold equal stakes in the joint venture company San Jose-Parsvnath Consortium. The JV company will ...

Minister of State for Commerce, Industry and Power, Jairam Ramesh inaugurated the first Centre for Perishable Cargo (CPC) at the Netaji Subhash Chandra Bose International Airport in Kolkata. With a storage capacity of 12,000 million tonnes, the newly installed CPC happens to be the first of ...

An official from the Kolkata-based Jai Balaji Industries informed on September 18, 2008 that the firm is planning to set up a steel, cement and power plant at Purulia. The official added that the company will start working on this project this November provided the state government gives them the ...

Omaxe, realty company, has declared that it has begun the construction of a township covering 336-acre at Patiala in Punjab. It added that it will be partnered by Patiala Development Authority (PDA) in this project that will see an investment of Rs 800 Crore. A formal statement was issued by Omaxe ...

Healthcare products major Hindustan Latex Limited (HLL) declared on Thursday, August 21 that it is going to set up a MediPark near Chennai where it will manufacture diagnostic devices. HLL, which is overseen by the health ministry, said it is doing so to boost the medical devices market worth Rs 25 ...