Page 7 - Private Sector

Private players to get limited access to GatiShakti masterplan: DPIIT

The government will sit and look at various dimensions, especially with respect to information that is sensitive

US space tie-ups may open global mkt to Indian pvt sector, says industry

India becomes 27th country to join Artemis Accords, a US govt programme aim at sending the first woman and next man to the Moon, and expand space exploration to Mars and beyond

Private sector investment set to witness significant increase: R Dinesh

Private sector investment is set to witness a significant increase, as capacity utilisation in several key sectors has already crossed 80 per cent and economic growth is estimated to be 6.7 per cent in the current financial year, newly elected CII President R Dinesh said on Sunday. He also exuded confidence that the Reserve Bank of India (RBI) will maintain status quo on interest rate in the next bi-monthly monetary policy to be announced later this week. On why the government unsuccessfully keeps on nudging private companies to increase investment, the CII president told PTI that the period between 2016 to 2019, was not good for growth and in 2020 there was COVID. "We have circumstances beyond our control which hampered demand We did come out of the COVID much faster," he said, adding there are signs of improvement. Citing the CII's annual CEOs survey, he said all sectors have crossed 75 per cent capacity utilisation and the figure was 80 per cent in key sectors like cement, stee

Household consumption still weak, but private sector capex shows revival

On a nominal basis, gross fixed capital formation (GFCF), a proxy for infrastructure investment, contributed 29.2 per cent to FY23 GDP

Signs of private sector investment cycle unfolding, says CEA Nageswaran

"We do see signs of corporate sector beginning to make investment. There are some new investment announcement," he said at an event organised by CII

Employers must consider increasing maternity leave to 9 months: NITI Aayog

NITI Aayog member V K Paul on Monday said that both the private and public sectors should consider enhancing the the maternity leave for women workers from six months to nine months. The Maternity Benefit (Amendment) Bill, 2016 was passed by the Parliament in 2017 entitling paid maternity leave of 26 weeks, up from earlier 12 weeks. "Both private and public sector need to sit together to think about increasing the maternity leave of the mothers from present six months to nine months," FICCI Ladies Organisation (FLO) said in a statement quoting Paul. According to the statement, Paul said the private sector should help the NITI Aayog to design the comprehensive care of the children by opening more creches for children for better upbringing as well as doing the needful for the elderly care . "As millions of care workers will be needed in future, we have to develop systematic soft and hard skilling training," Paul added. FICCI Ladies Organisation (FLO) president Sudha Shivkumar said t

Gap between private and public sector wage bills widens in 2022-23

The wage bill of the private sector was 12.7 per cent in the FY22, compared to 11.8 per cent for the public sector

Eye on CSR-I: Listed govt firms contributed Rs 2,900 crore to PM CARES

The first of a three-part series on corporate social responsibility (CSR) explores allocations to the PM CARES Fund. The analysis is in the context of easing of CSR disclosure rules in annual reports

Quotas and the private sector

Rather than a blind reproduction of the government template, a more productive way of enforcing affirmative action in the private sector could be to emulate an American model

Space start-up Skyroot conducts long duration test of its cryogenic engine

Private space tech start-up Skyroot Aerospace has achieved a major milestone by successfully test-firing a fully 3D-printed cryogenic engine for 200 seconds, the company said on Tuesday. The endurance test of 'Dhawan-II', using Skyroot's indigenously developed mobile cryogenic engine test pad, was carried out at Solar Industries propulsion test facility in Nagpur. It demonstrated impressive performance results, the Hyderabad-based company said in a statement. The achievement follows the November 2022 launch of Vikram-S, which made Skyroot the first Indian private company to send a rocket into space. The Dhawan-II engine builds on the foundation laid by Skyroot's first privately developed fully-cryogenic rocket engine, the 1.0 kN thrust Dhawan-I, which was successfully test fired in November 2021. "This is a major milestone for our cryogenic propulsion programme, which will enhance the payload capacity of Vikram series of space launch vehicles making them more modular so as to meet

Capex cannot be driven by public investment, says industry body Assocham

Industry body Assocham on Monday said capital expenditure cannot be driven largely by public investment and the private sector must participate to increase investments in India's economy. Prime Minister Narendra Modi last month urged India Inc to increase investment in tandem with the government's decision to raise capital expenditure (capex) and take advantage of the opportunities unveiled in the Union Budget 2023-24. The chamber's newly appointed President Ajay Singh said he foresees a "significant rise in private investment" in the coming 2-3 years, driven by the Centre's capex push. "It cannot be that expenditure in the economy is largely public expenditure. The private sector has to participate and with the environment that is being created today, with the infrastructure spend that the government is doing, opportunities available to companies both in India and overseas. I think you will see an uptick in private investment in the next 2-3 years," Singh said addressing a press ..

17 airstrips cleared for private sector investments in Uttar Pradesh

UP government is bullish on the aviation sector after tourist inflow surged by 27% in the past five years

Private sector should increase investments, benefit from Budget: Modi

Trust and expectation have replaced doubt in discussions about Indian economy, he says

Kotak Mahindra Bank to create vertical for mid-market firms

"The bank is also upping its focus on the structured finance offerings, whose contribution in the overall wholesale book is in low single-digits at present and growing the same"

Private sector will propel country to a different level: Sajjan Jindal

Says public sector has failed worldwide and that he strongly advocates that govt should not do business

Why the govt shouldn't just privatise factories but infrastructure too

India should consider a reverse Build Operate Transfer (BOT) model wherein the government finances a project on the EPC basis, and then when it's ready, it auctions it off to the private sector

Larsen & Toubro sees private capex revival aiding order inflows: CFO

Companies in metals, mining, energy transition, airports and data centres have driven orders from the private sector in recent quarters, says CFO R Shankar Raman

We'll work with Indian organisations on online safety: Julie Inman Grant

Other countries are looking to set up institutions like the Australian one dedicated to protect people from digital harm, says Julie Inman Grant

Public, pvt sectors must think out of box to seize global opportunities: PM

The Prime Minister applauded the success of the India Digital story and the rapid adoption of fintech across the country, and the potential for inclusive growth and development it promises

At over Rs 6 trillion, capex on new projects sees 44% jump in Q3

The data also showed a 49.9 per cent year-on-year drop in completed projects, and an 87.5 per cent decline in stalling rates