India Infrastructure News

Mahesh Nandurkar, the head of research and managing director at Jefferies, expects capital expenditure growth to remain robust in February and March.

Rapid infrastructure development driven by nodal authorities is fuelling the growth of satellite townships across the country, said the Colliers report.

Minister of Road Transport and Highways, Nitin Gadkari, emphasized the importance of the Parvatmala Project, guided by the Prime Minister.

The AIIB will provide its expertise to enhance NIIF`s environmental and social risk management capabilities to improve and monitor ecological and social performance across the portfolio investments.

India's progress is incomplete without rapid expansion and upgradation of basic infrastructure, Prime Minister Narendra Modi said Tuesday while underlining that his government's efforts are characterised by speed and scale to usher in "an era of historic growth".

India will seek innovative technologies from the US for modernising the country's infrastructure during Union Minister Nitin Gadkari's meetings with top American officials and corporate leaders to attract billions of dollars in FDI in the crucial sector.

Project cost of as many as 238 infrastructure projects, monitored by the Statistics Ministry, have overshot by Rs 1.6 lakh crore from their original estimates due to delays on account land acquisition forest clearances and other reasons, official data showed.

Slump in oil, steel and cement prices presents India with an opportunity to build infrastructure at lower costs as well as shore up public and private spending, Chief Economic Advisor Arvind Subramanian said.

Asserting that India would give better returns on investments than many other countries, Finance Minister Arun Jaitley today said foreign investments can provide great additional resources for infrastructure and other sectors.

Noting that infrastructure is witnessing a gradual revival, a BofA-ML report said the sector is still faced with challenges in terms of working capital requirements and execution issues.

Government has invested Rs 4.85 lakh crore in big infrastructure projects, costing over Rs 150 crore, as of June 1 in the current fiscal.

Asian Development Bank president Takehiko Nakao on Tuesday said the bank is looking to increase exposure in India, especially in infrastructure, skill development and urban services, and proposes to increase lending to the country by almost half to $12 billion by 2018.

Hyundai Motor Group Tuesday expressed its desire to expand its business into sectors like construction and railways in India, where it is currently the largest exporter of cars.

Prime Minister Narendra Modi on Thursday said all efforts should be made to translate global interest and positive policy interventions in the railways sector for the benefit of the country.

As many as 224 central sector infrastructure projects in sectors like road, rail and power were showing cost overrun of over Rs 2 lakh crore till December-end, Parliament was informed on Wednesday .

Prime Minister Narendra Modi today promised reforms "at top speed" with positive regulatory framework, tax stability and boost to infrastructure to help take the economy to USD 20 trillion from USD 2 trillion.

An amount of Rs 3 lakh crore would be invested in building infrastructure for transmission and distribution of power in the country, Union Power Minister Piyush Goyal today said.

In order to push infrastructure development in the country, Modi had asked his ministers to electronically monitor the progress of projects.

Prime Minister Narendra Modi will review the progress of infrastructure sectors including roads, railways and power in the presence of senior officials of concerned ministries on November 5.

India needs $250 billion in next 20 years for basic urban infrastructure and this offers huge investment opportunities to international investors, said country`s Urban Development Minister M. Venkaiah Naidu.