Boost to India’s renewables plan: China steps-up investment in solar energy

index.jpgSource: Business Standard, May 18, 2017

New Delhi: India is treading a strong renewable energy path post-Paris Agreement as it witnesses a step-up in Chinese investments in solar energy. Additionally, there’s a significant slowdown in Chinese investments in thermal power plants.

This fact of slowdown came to light in a just-released report of the Global Environmental Institute (GEI) which says China’s overseas investment, including in India, into 240 coal power plants along the Belt and Road Initiative has slowed down in 2016 after the Paris Agreement on Climate Change.

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Warren Buffett says India’s potential is incredible, open to investing

download (3).jpgSource : Financial Express 8 May 2017

Berkshire Hathaway Inc chairman said India is a huge and enormous market for anyone to ignore.Legendary investor Warren Buffett has said that potential for India is incredible currently and he will invest in good businesses in the country. He said this while giving an interview to ET Now after Berkshire Hathaway’s annual general meeting. He further added India is a huge and enormous market for anyone to ignore. Emphasising on investing in good companies, Buffett made it clear that he will buy a company in India which is a good value company and is on sale. Buffet, who was all gung-ho about India, said that India has a terrific future due to the brain power it has and future generations in India will live better than the current.

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GST to push Indian growth to over eight per cent: IMF

indexSource: Financial Express, Apr 28, 2017

Washington: The ambitious Goods and Services Tax to be implemented from July 1 would help raise India’s medium-term growth to above eight per cent, the International Monetary Fund has said adding that the reforms being done is expected to pay off in terms of higher growth in the future. “The government has made significant progress on important economic reforms that will support strong and sustainable growth going forward,” Tao Zhang, Deputy Managing Director of the International Monetary Fund, told PTI in an exclusive interview.

“We expect that the goods and services tax (GST), which is targeted to be applied starting in July, will help raise India’s medium-term growth to above 8 per cent, as it will enhance production and the movement of goods and services across Indian states,” the IMF official said.

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Government awards 49 port projects worth Rs 8,341 crore in FY17

Source: The Economic Times, Apr 17, 2017

NEW DELHI: The government awarded 49 port projects with an investment of Rs 8,341 crore in the previous fiscal, which will result in capacity addition of 104 MT.

This was against a target of 102 million tonnes per annum (MTPA) capacity augmentation.

“In respect of development of port infrastructure, 49 projects have been awarded with a capacity of 103.52 MTPA against a target of 102 MTPA with an investment of Rs 8,341.12 crore during the last fiscal,” Shipping, Road Transport and Highways Minister Nitin Gadkari told PTI. Read the rest of this entry »

Organised retail offers $80 bn opportunity

Source: Business Standard, Feb 27, 2017

New Delhi: India’s rapidly growing organised retail sector offers a potential opportunity of up to $80 billion for both domestic and international retailers, says CBRE.

The real estate consultancy, which launched its advisory services for organised retail in India today, said the segment is likely to account for 18-20 per cent of the total retail sector by 2020. Read the rest of this entry »

Govt mulls allowing 100% FDI in single brand retail

Source: Business Standard, Jan 17, 2017

New Delhi: The government is considering allowing 100 per cent Foreign Direct Investment (FDI) through automatic route in single brand retail to attract a larger number of global players in the sector.

According to sources, there is a proposal to allow 100 per cent FDI in single brand retail sector “through automatic route” with certain conditions. Read the rest of this entry »

Largest sea bridge in India, Rs 17,750 cr Mumbai Trans Harbour Link project now at final bidding stage

Source: Financial Express, Jan 10, 2017

Thirty-one companies, including engineering major Larsen & Toubro (L&T) and China Railway Construction Bridge Engineering Bureau Group, have qualified for the final stage of bidding — or the request for proposal (RFP) stage — for the R17,750-crore Mumbai Trans Harbour Link (MTHL) project. At 22 km, MTHL, to be built over the Thane creek, will be the country’s longest sea bridge. Of the 22 km stretch, 16.5 km will be over the sea.

A senior Mumbai Metropolitan Region Development Authority (MMRDA) official told FE the land for the project has already been handed over to it on the south side of the project by the Mumbai Port Trust. However, at Chirle village at Navi Mumbai, where approximately 138 hectares are required, there have been some encroachments. “These are in the final stages of getting cleared and we believe we should be getting the land soon,” the official said. Read the rest of this entry »