The Finance Ministry on Monday said that the logistics sector has been granted infrastructure status, a move that will help the industry raise funds at competitive rates and boost India’s trade.
The government has given infrastructure status to logistics sector, covering cold chain and warehousing facilities, a move that is likely to attract more funding at competitive rates for these segments.
NITI Aayog, the government think-tank, has proposed to set up 46 DC quick-charging and 89 AC slow charging stations in the Gurgaon-IGI-South Delhi-Noida corridor, with the first batch of installations set to happen this month.
The value of projects awarded to build roads, railways, mining infrastructure, irrigation systems, water supply systems and power transmission lines fell 20.5% year-on-year to Rs 1.38 lakh crore in April-October 2017.
NITI Aayog Releases Proposal For A “Quick Pilot” To Develop Electric Vehicle Infrastructure In Delhi
NITI Aayog has released a proposal for a quick pilot has been drafted in collaboration with AC2SG, a clean energy smartgrid solutions provider from Finland.
The Sharaf Group is increasing its investments in India’s logistics parks, infrastructure and food sectors as the country becomes more business-friendly for foreign investors, said a senior executive.
The National Highways Authority of India (NHAI) has terminated the work contracts of several companies, including Larsen and Toubro and Essel Infra, due to faulty bidding for Public Private Partnership projects and EPC projects.
Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic.
India’s infrastructure deficit requires massive financing. The country needs to spend Rs 50 lakh crore by 2022 to provide a strong foundation for rapid growth, estimates CRISIL.
Despite the twin balance sheet problem, poorly structured contracts and weak project preparation, infrastructure investment in the country rose from Rs 23.8 lakh crore between FY07-12 to Rs 37.2 lakh crore between FY13-17.