Page 28 - Infrastructure

Budget 2023: FHRAI pitches for infrastructure status to hospitality sector

The hospitality sector needs to be accorded infrastructure status by the Centre to help it avail long-term funds under the RBI infrastructure lending norm criteria, according to Federation of Hotel & Restaurant Associations of India. In its pre-Budget demand, the Federation of Hotel & Restaurant Associations of India (FHRAI) said although industry status has been accorded to tourism and hospitality by many state governments, the incentives and privileges associated with an industry have not been conferred to the sector. "The industry needs infrastructure status to be accorded by Government of India to enable the hospitality sector avail long-term funds under the RBI Infrastructure lending norm criteria," FHRAI Secretary General Jaison Chacko said in a statement. This will enhance quality accommodation supply and therefore, stimulate higher global and domestic travel demand, he added. Chacko further said tourism and hospitality should be placed on the concurrent list of the ...

Gogoro, Belrise Industries to set up battery swapping infra in Maharashtra

Taiwanese electric mobility solutions provider Gogoro Inc on Tuesday said it along with Belrise Industries has inked a pact with the Maharashtra government to set up battery-swapping infrastructure

Mahindra Lifespace acquires 4.25 acres of land parcel in Bangalore

The project is located just off Hosur Road and offers access to well-developed social infrastructure with educational institutes, healthcare facilities, and retail avenues in proximity

From RIL to L&T and Adani, corporate giants build on EPC rule change

A shift from the high-debt hybrid annuity scheme for infra projects to a low-debt, performance-linked model is encouraging government and private majors to pivot to this business in a bigger way

Experts blame Joshimath disaster to rampant infrastructure development

"There are two aspects to Joshimath problem-- first is rampant infrastructure development which is happening in a very fragile ecosystem like Himalayas. Secondly, climate change is a force multiplier"

Housing, infra push drives industrial majors into Rs 60,000 cr paints biz

JK Cement latest entrant after JSW, Grasim, Astral Pipes and B2B marketplace Infra.Market; move aimed at driving synergies, leveraging distribution network, say experts

Brokerages pick banks, infra and telecom for 2023 play; IT, metals may drag

The banking sector was a standout performer in 2022 with the Nifty PSU Bank rallying almost 70 per cent

Green hydrogen will not be limited by borders: ReNew Power Founder & CEO

'People are looking to get into the manufacturing supply chain, governments are looking at expanding transmission infrastructure,' said ReNew Power founder & CEO, Sumant Sinha

Strengthening urban local bodies

The emphasis on making urban areas liveable and sustainable for its people is what should guide our understanding of urbanisation in today's world

Honeywell bullish, sees growth across infra, energy transition, automation

Industrial technology firm Honeywell is bullish on the Indian market and sees growth opportunities across segments mainly infrastructure development, energy transition projects, automation etc in the country to drive growth, a top official of the company said on Wednesday. Honeywell India President Rajesh Rege said that India looks to be a brighter spot in the global economic landscape based on GDP data that is coming from experts. According to the Reserve Bank, the real GDP growth for 2022-23 is projected at 6.8 per cent with the third quarter at 4.4 per cent and the fourth quarter at 4.2 per cent, with risks evenly balanced. Real GDP growth is projected at 7.1 per cent for the first quarter of 2023-24. Rege, however, expressed concern about the rupee devaluation. "I see India as an opportunity. I see India having growth. I am not concerned. One area that could have been better is the slide in the rupee that we had," he said. Honeywell has a business of around USD 1 billion in In

NIIF: How a tortoise among hares made due diligence process NPA-free

Only NIIF has so far stayed the course as a viable infrastructure financing institution, using sovereign support

80 projects worth Rs 406 crore completed under AMRUT Mission in J&K

The objective of the project was to develop infrastructure within cities such as water supply, security, drainage, green spaces, parks and non-motorised urban transport

ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects

The base issue size for ICICI Bank's infra bonds was Rs 1,000 crore with green shoe option of Rs 4,000 crore

ICICI Bank, Axis Bank likely to raise Rs 5,000 cr each via bond sales

ICICI likely to issue long-term bonds, Axis mulls infra bond sale

Infra recognition key point in FBIL spat with regulators abroad: RBI Dy Guv

RBI in talks with ESMA, BoE on CCIL de-recognition, says will find resolution

SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times

10-year paper priced at 7.51%, or about 17 bps above benchmark g-sec yield

Sonear Industries to set up 2 units in Haryana, UP for about Rs 150 cr

Company that provides interior design solutions entering laminated boards business

India needs 1,000+ pilots annually, but training infra in short supply

Given the growth in the aviation sector it is expected that India is likely to require over 1,000 pilots per annum over the next five years

FM Nirmala Sitharaman to kick-start pre-Budget meetings from Monday

Finance Minister Nirmala Sitharaman will kick-start the customary pre-budget meetings beginning Monday with a special focus on issues concerning climate change and infrastructure. The minister would hold virtual meetings on November 21 in three groups with industry chambers, infrastructure sector and environment experts seeking suggestions for the 2023-24 Budget making from stakeholders. On November 22, Sitharaman would meet agriculture and agro processing industry, representatives from financial sector and capital markets. She will also be meeting the representatives of services sector and trade bodies, besides experts from social sector, including health, education, water and sanitation, on November 24. The pre-budget meetings with the trade union representatives and economists are scheduled for November 28. The participants will give suggestions on the 2023-24 Budget which will be presented in Parliament by the Finance Minister on February 1. Sources said climate change would

Future strategy must be to prioritise energy-efficient infrastructure: Puri

Union Housing and Urban Affairs Minister Hardeep Singh Puri on Tuesday said the strategy for the future must be to prioritise sustainable and energy-efficient infrastructure to advance the pace of development. Speaking at the 63rd foundation day of the National Buildings Construction Corporation (NBCC), Puri said the company has made a name for itself as a trusted partner of the government to resolve difficult projects such as the stalled Amrapali project in Noida. Looking forward to Prime Minister Narendra Modi's vision of 'India@100' in this 'Amrit Kaal' of India's development, it is imperative that organisations such as NBCC adopt the latest construction standards to create sustainable and inclusive infrastructure, Puri said in a statement. Founded in 1960 as the government's civil engineering enterprise, NBCC with its headquarters in Delhi celebrated its foundation day, the ministry said, adding that HUA secretary Manoj Joshi and other senior officials were present at the ...