PPP
ET Exclusive | India is a vital contributor to the formation of the global order, says Dr Victoria Panova
Dr. Victoria Panova, a BRICS expert, highlights Russia's successful BRICS chairmanship amidst geopolitical shifts. She emphasizes BRICS' focus on global governance reform and its non-confrontational approach. Panova sees India as a vital contributor to the global order, leveraging its economic and diplomatic strength within BRICS.
Krsnaa Diagnostics picks up stake in PPP hospital operator Apulki Healthcare
Krsnaa Diagnostics has acquired a 23.53% stake in Apulki Healthcare, which operates cancer and cardiac care hospitals under a public-private partnership model. This strategic move will make Krsnaa the exclusive diagnostics partner for Apulki's hospitals for over 30 years, starting with two advanced facilities in Pune and Mumbai.
Kenya says it has given Adani Group contract to build power lines
Kenya has granted a $1.3 billion public-private partnership concession to India's Adani Group and Africa50, a unit of the African Development Bank, to build power transmission lines. This project aims to alleviate Kenya's debt burden. However, a separate plan to lease Jomo Kenyatta International Airport to Adani has sparked controversy and protests.
Govt proposes cutting local value addition weight for IT hardware, industry pushes back
The government plans to reduce the weightage of local value addition for key IT hardware components in procurement, causing industry concerns. This change, aimed at curbing over-invoicing, will impact the ability of many players to participate in state tenders. The revised calculation method affects desktops, laptops, and other components.
Govt seeks proposals for setting up e-commerce export hubs
The government invited proposals to set up e-commerce export hubs (ECEH) in India. The initiative aims to streamline export processes through e-commerce, supporting small producers and aggregators. The project includes warehousing, customs clearance, and returns processing, targeting to increase exports significantly in the coming years.
JNPA to scale up its container handling capacity to 10 million twenty TEU by April next year
Jawaharlal Nehru Port (JNPA) is set to expand its container handling capacity to 10 million TEUs by April next year, announced Union Minister Sarbananda Sonowal. The port will also develop new liquid cargo berths under a Public-Private Partnership model, increasing its capacity to 11 MMTPA. Recent developments include the signing of MoUs, increased revenue from e-auctions, and the issuance of Letters of Intent to SEZ concessionaires. Additionally, a WhatsApp chatbot for local workforce development was launched, reflecting the port's commitment to improved infrastructure and eco-friendly operations.
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India's Budget 2024-25 focuses on ambitious capital expenditure, decarbonisation initiatives
The Indian government's 2024-25 Budget significantly boosts infrastructure allocation, focusing on energy transition. With $133 billion in capital expenditure, it targets roads, railways, and power projects. Key initiatives include rooftop solar installations, a Pumped Storage Policy, the National Green Hydrogen Mission, and EV support. This will drive deal activity and require substantial private equity and project finance.
Infra allocation, support to startups to boost innovation in steel sector, create jobs: ISA
The increased R&D funding and support for startups and MSMEs in the Budget will foster innovation in steel manufacturing, according to the Indian Steel Association. The Rs 11.11 lakh crore allocation aims to enhance infrastructure, create jobs, and benefit the steel industry. Emphasis on roads, railways, ports, and urban development will boost steel demand and productivity.
Union Budget 2024-25: Finance Minister Nirmala Sitharaman proposes 12 industrial parks under National Industrial Corridor Program
Budget 2024: Finance Minister Nirmala Sitharaman announced the sanctioning of 12 industrial parks under the National Industrial Corridor program during her Union Budget 2024-25 presentation in the Lok Sabha on Tuesday. Additionally, the budget introduced rental housing for industrial workers facilitated in a Public-Private Partnership (PPP) mode.
A PPP booster in the budget could chart out growth trajectory of infra sector
Union Budget: India's National Infrastructure Plan (NIP) aims to invest INR 111 lakh crores in infrastructure over the next five years, with Public-Private Partnerships (PPPs) playing a crucial role in bridging the financing gap. PPPs can generate additional resources outside government budgets, enhancing the speed and quality of development and infrastructure quality. India already has a vibrant PPP ecosystem with over 1800 projects costing over Rs 24 lakhs.
India can become world's 2nd largest economy by 2031: RBI deputy guv Michael Patra
Reserve Bank of India Deputy Governor Michael D Patra outlined India's potential to become the world's second-largest economy by 2031 and the largest by 2060, citing the country's inherent strengths. He addressed challenges such as labor productivity, infrastructure development, manufacturing sector contribution to GDP, and sustainable economic practices during a speech at the Lal Bahadur Shastri National Academy of Administration in Mussoorie.
Union Budget: These infra measures will give a roadmap for the infrastructure for the next five years
UNION BUDGET 2024: Finance Minister Nirmala Sitharaman 8in the Interim Budget 2024-25 outlined India's focus on infrastructure, with ?11.1 lakh crore allocated for capital investment, up 11% from the previous year. Despite fiscal challenges, the budget emphasizes project completion, private sector participation via incentives, and sustainable infrastructure development. Key areas include digital infrastructure, tourism, water management, and safety improvements in transportation sectors.
Indian airports need to review their pricing strategies: CAPA India
Indian airports can increase profitability by increasing non-aeronautical revenues, according to aviation consultancy firm CAPA India. The consultancy found that airports on Public Private Partnership (PPP) mode generate more non-aero revenues than those operated by the Airports Authority of India (AAI). The consultancy suggested that Indian airports need to review their pricing strategies and consider whether aero charges reflect demand on resources.
Road contractors relieved from developing wayside amenities
The step is aimed at attracting global expertise for creating wayside amenities (WSAs) in the country with a stronger focus on design and product innovations to boost return on investment while scaling up the experience of highway users.
Need to build on success of PLI schemes, recent FTAs, PPP governance model: Piyush Goyal
Goyal said that there is a need to introspect and coordinate better between departments and emphasised the importance of research and development and strengthening the public-private partnership (PPP) model of governance.
Better planning can check delays in infra creation: Tata Projects
Vinayak Pai, CEO of Tata Projects, highlights the need for better detailed project report (DPR) preparation to minimize delays in infrastructure projects. Pai emphasizes that India's front-end design efforts are below global standards, leading to poorly defined projects and execution delays. He calls for improved front-end planning and consistent contract monitoring across ministries. Tata Projects is focusing on metro projects, airports, and emerging sectors like green hydrogen and battery manufacturing. Current projects like Pune Metro and Noida International Airport are on schedule, reflecting rising investment and expansion in infrastructure.
Former Pakistan PM Nawaz Sharif re-elected 'unopposed' as PML-N president after 6 years
Nawaz Sharif was re-elected as President of the Pakistan Muslim League-Nawaz (PML-N) party unopposed, marking his return to the position six years after losing it due to a Supreme Court ruling in the Panama Papers case. The 74-year-old politician, who recently returned from exile, was elected at the PML-N's General Council meeting in Lahore. The decision was made to coincide with the celebration of Pakistan's 26 years as a nuclear power.
Post-COVID, China is back in Africa and doubling down on minerals
Chinese overseas investment, with a focus on minerals extraction in Africa, is rebounding post-pandemic. However, the relationship remains extractive, not fully aligned with the Belt and Road Initiative's goals outlined by President Xi Jinping.
Pakistan's ruling coalition of PML-N and PPP invite Imran Khan's party to 'meaningful' talks
The ruling coalition of PML-N and PPP has invited Imran Khan's PTI party to abandon street protests and engage in dialogue with the government, as reported by The Express Tribune on Monday.
Shipping Ministry working to reach 80 pc landlord model at major ports by 2030: TK Ramachandran
Speaking at CII Annual Business Summit 2024, Ports, Shipping and Waterways Secretary TK Ramachandran said Jawaharlal Nehru Port (JNPT) has become the first major port of the country to become 100 per cent landlord port, having all berths being operated on PPP model.
NCLT admits insolvency resolution application against Indira Container Terminal
According to the company¡¯s website, as the delay in commencing the operations was beyond the limits set by the Reserve Bank of India (RBI), the lenders classified the account as a Non-Performing Asset (NPA). As a result, the lenders halted further disbursals of loans resulting in the construction work coming to a complete standstill.
Centre eyes dedicated R&D wing under semicon research centre
Government plans R&D wing at India Semiconductor Research Centre (ISRC) for semiconductor research with a focus on industrial production, public-private partnerships, and intellectual property rights-driven manufacturing ecosystem. The project aims for next-gen semiconductor development and involves higher education institutes like IIT Bombay and IIT Gandhinagar.
Bhumika group to develop 3 lakh sq ft of retail space with government
Bhumika Group, Rajasthan's largest mall developer, expanding retail spaces in NCR. Urban Square Mall in Udaipur fully occupied with top brands. Second phase launch imminent, reflecting strong industry credibility and financial stability.
Pakistan: Faisal Karim Kundi takes oath as Khyber Pakhtunkhwa Governor
Justice Ishtiaq Ibrahim, Chief Justice of the Peshawar High Court (PHC), administered the oath to Faisal Karim Kundi during a ceremony at the Governor House. Faisal Karim Kundi, a PPP stalwart, served as Deputy Speaker of the National Assembly from 2008 to 2013.
Railways sets eyes on having 200 Gati Shakti Cargo terminals
These terminals are used for handling bulk cargo by corporates that have interlinkages with Indian Railways. The GCT operates for non-passenger commercial uses like freight. They are set up under a new policy that helps monetize vacant railway land. "Target for Gati Shakti Terminals will then be scaled upwards to 200 once 100 terminals are operational," a senior official told ET.
Slain Benazir Bhutto's youngest daughter Aseefa takes oath as Pakistan MP
Aseefa Bhutto-Zardari, youngest daughter of late former Pakistani Prime Minister Benazir Bhutto, began her political career by taking oath as a Member of Parliament in the National Assembly. She won uncontested from NA-207 Shaheed Benazirabad in Sindh province, a seat previously held by her father, Asif Ali Zardari. Speaker Ayaz Sadiq administered her oath amidst applause from PPP lawmakers.
What is the significance of Supreme Court's curative petition relief for Delhi Metro
The Supreme Court's decision to grant relief to the Delhi Metro Rail Corporation (DMRC) via a curative petition marks a pivotal moment in legal history with profound implications for public-private partnerships (PPPs) and investor confidence. Originating from a dispute dating back to 2008 between DMRC and Delhi Airport Metro Express Private Limited (DAMEPL), the case's journey through arbitration and subsequent legal battles has been tumultuous. The recent ruling in favor of DMRC underscores the significance of curative petitions in rectifying judicial errors and provides clarity for future PPPs in infrastructure projects.
Interim Budget 2024-25: Road transport and highways get 2.7% boost to Rs 2,78,000 crore allocation
The 2.7% hike in budgetary allocation for road transport and highways in the Interim Budget 2024-25 is committed towards ongoing projects. The government aims to attract private sector investment through new projects on build-operate-transfer (BOT) and public-private-partnership (PPP) mode.
Transhipment port: Govt says 11 players have expressed interest in the project in Great Nicobar Island
The government has received expressions of interest from 11 entities for the Rs 41,000-crore international transhipment port project at Great Nicobar Island. Union Minister Sarbananda Sonowal announced the submissions for the Bay of Bengal project, expected to handle 16 million containers annually. Planned in four phases, the first phase aims to commission by 2028, costing Rs 18,000 crore.
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