Government approves plan to build 34 mega multi-modal logistics parks at an investment of Rs 2 lakh cr

download (1).jpgSource: The Economic Times, July 21, 2017

NEW DELHI: The government has approved a plan to build 34 mega multi-modal logistics parks at an investment of Rs 2 lakh crore. The projects, for which land is already available with state governments, will be taken up through public-private-partnerships.

A special purpose vehicle would be formed with state governments, central government and private players to execute the projects. The parks would lease space to private companies to run their operations centrally and save on warehouse cost.

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Govt will invest Rs 8.5 lakh cr in railways in 5 yrs, says Suresh Prabhu

download.jpgSource: Business Standard, July 17, 2017

Mumbai: Railway Minister Suresh Prabhu today said the Railways is in an overhauling phase and its network will be transformed completely in next five years.

“With the stress on ‘Rail Badhhega- Desh Badhhega’, we launched several reformative and passengers friendly initiatives including an ambitious plan to induct about 40,000 coaches with improved interiors and upgraded facilities,” Prabhu said.

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Government mulls leasing out airports, ports and other infrastructure assets to private operators

Source: The Economic Times, Jul 04, 2017

NEW DELHI: The government is mulling leasing out operational roads, airports, ports and other infrastructure assets to private operators to attract investments and free up funds to step up public investment in greenfield projects.

Niti Aayog, the government’s think tank, will prepare a list of projects that can be offered to the private sector and move a note for discussion on the issue.

Private investment in greenfield infrastructure has almost stalled because of multiple execution risks involved and heavy indebtedness of infrastructure companies. Read the rest of this entry »

Telangana government to set up medical devices park, pharma city

download (5)Source: LiveMint.com, June 28, 2017

Hyderabad: In an attempt to create a complete ecosystem for the healthcare sector, the Telangana government will set up a medical devices park and a pharma city to allow expansion of existing pharmaceutical and bulk-drug manufacturing companies located in Hyderabad.

The two new projects will complement the existing well-settled pharma industry, life sciences research and development cluster and large hospital chains which Hyderabad currently hosts.

On 18 June, Telangana information technology and industries minister K.T. Rama Rao inaugurated the Medical Devices park in Sultanpur village, Sangareddy district, about 40 km from Hyderabad. Allotment letters were given to more than 10 companies on the same day itself to set up shop in the 200 acres-plus space.

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Smaller players take bigger pie of highway projects

Source: Business Standard, June 28, 2017

New Delhi: The share of big companies like Punj Lloyd and Larsen & Toubro in national highway contracts has shrunk while that of medium-sized firms like Gawar Construction and Dilip Buildcon has increased in the past couple of years, with the government focusing more on awarding projects under fully funded EPC and partially funded HAM models.

Experts say large firms have shown less interest in the engineering, procurement and construction (EPC) and hybrid annuity model (HAM) contracts as their core principal is ‘high risk-high reward’, which the two models do not offer. This, they add, has worked to the advantage of small- and medium-sized companies, which have a low risk appetite.

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Malaysian firms eye Rs 5,000 crore station makeover kitty in 1st big FDI boost for Railways

Source: The Economic Times, June 20, 2017

In potentially the first big FDI in railways, Malaysia’s state-owned Construction Industry Development Board (CIDB) will participate in the auction for redevelopment of Udaipur, Howrah, Indore, Secunderabad, Pune and Faridabadrailway stations.

The estimated cost of redevelopment of these stations would be Rs 5,000 crore, a top rail ministry official said. CIDB Holding Malaysia has written to the Railway Board, saying it would participate in the ongoing Swiss challenge bidding process of these shortlisted stations on behalf of Malaysian companies.

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Two mega food parks to come up in Kerala at an outlay of Rs 250 crore

Source: The Economic Times, June 09, 2017

KOCHI: Kerala will witness the launch of two mega food parks (MFP) with a total outlay of nearly Rs 250 crore on June 11.

The MFP at Alappuzha focusing on seafood will be set up with an outlay of Rs 130 crore by Kerala State Industrial Development Corporation (KSIDC) at the industrial growth centre in Cherthala. The MFP at Palakkad will come up at an investment of Rs 119 crore in the industrial park of Kerala Industrial Infrastructure Development Corporation (Kinfra) at Kanjikode

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