PUBLIC PRIVATE PARTNERSHIPS
Include coking coal in the list of critical minerals: NITI Aayog report
NITI Aayog recommends adding coking coal to the critical minerals list. This move aims to boost domestic production and secure coking coal supply for the Indian steel industry. The proposal includes setting up two special purpose vehicles to expedite coal mining and logistics projects. NITI Aayog also suggests amending the Coal Bearing Areas Act for smoother private sector participation.
Yogi Adityanath highlights tech & private sector role in UP's agricultural growth
At the "Partnership Conclave" in Lucknow, Uttar Pradesh Chief Minister Yogi Adityanath emphasized the importance of technology, government schemes, and private investment in driving sustainable growth in agriculture. He highlighted the state's success in eradicating encephalitis and empowering farmers through initiatives like solar panel installations and access to affordable electricity.
Satcom has the potential to connect the hitherto unconnected: Communications minister Jyotiraditya Scindia
At the 25th meeting of the South Asian Telecommunication Regulators' Council, Indian officials highlighted the potential of non-terrestrial networks (NTNs) to connect underserved populations. They emphasized the need for dynamic spectrum policies, light-touch regulations, and public-private partnerships to drive innovation and investment in the telecom sector.
Release grant for Vizhinjam seaport without seeking repayment: Kerala CM Pinarayi Vijayan to Union FM Nirmala Sitharaman
Kerala Chief Minister Pinarayi Vijayan has urged Finance Minister Nirmala Sitharaman to release Rs 817.80 crore for the Vizhinjam seaport. He argued that the repayment condition would severely impact Kerala's finances, leading to substantial losses. He highlighted that similar projects have not had such conditions and emphasized the potential revenue benefits for India.
Nara Lokesh pitches Vizag to Google Cloud CEO for setting up data centre
Andhra Pradesh's IT Minister Nara Lokesh has suggested Vizag for a Google Cloud data centre. During his US visit, he met Google Cloud's CEO and other executives, promoting the state as an investment destination. The minister emphasized AI-based e-governance and smart city initiatives, seeking Google's collaboration in various digital services and educational efforts.
Kenyan court suspends $736 million Adani power line deal
Kenya's high court has suspended a $736 million deal between state utility KETRACO and India's Adani Energy Solutions. The Law Society of Kenya challenges the agreement, deeming it unconstitutional and secretive, citing a lack of public participation as per the Public Private Partnerships Act of 2021.
PM Modi to inaugurate various development projects worth Rs 4,800 crore in Gujarat on October 28
Prime Minister Narendra Modi will inaugurate and lay foundation stones for development projects worth over Rs 4800 crore in Gujarat's Amreli district on October 28. Projects include water supply initiatives, National Highway projects, and the Bhuj-Naliya gauge conversion. The initiatives aim to enhance water availability, highway infrastructure, and tourism development, benefiting millions across various districts.
ADB commits USD 434.25 million loan for solar facility in Assam
The Asian Development Bank approved a USD 434.25 million loan to boost renewable energy in Assam. This project will help Assam develop solar energy capacity and achieve its 3,000 MW target by 2030. A grid-connected solar photovoltaic facility will be constructed in Karbi Anglong district with 500 MW capacity, along with a battery energy storage system.
Public-private partnerships crucial to create infra for hydrogen powered mobility, say experts
Public-private partnerships are essential for developing hydrogen-powered mobility infrastructure in India, experts said at the G-STIC conference. Highlighting hydrogen's role in the energy transition, they called for an integrated approach involving automakers, energy companies, and policymakers to drive innovation and create a supporting ecosystem.
Migsun group to develop two bus terminals in Agra
Migsun Group has acquired rights to develop two bus terminals in Agra, Uttar Pradesh. They will create 1.3 million sq ft of commercial space with Rs 300 crore investment. The project, to be completed in 36 months, will generate revenue by developing the land commercially. The company is already active in Noida, Ghaziabad, and Lucknow.
MeitY extends deadline for Rs 10,000 crore GPU tender to Nov 12 amid industry concerns
The tender aims to establish public AI cloud infrastructure with more than 10,000 GPUs through a public-private partnership. Some companies raised concerns about energy efficiency requirements, but the tender remains unchanged for now.
Stock to Watch: JSW Infra shares in focus on receiving contract for development of Murbe Port
JSW Infrastructure has received a letter of intent from the Maharashtra Maritime Board to develop an all-weather multipurpose port at Murbe in Palghar District. The project aims to support the company's cargo demands and enhance EXIM operations. It aligns with the company¡¯s FY2030 growth plan, targeting an increase in capacity from 170 MTPA to 400 MTPA.
IRFC appoints Manoj Kumar Dubey as CEO and MD
Manoj Kumar Dubey has been appointed as CEO, Chairman, and Managing Director of Indian Railways Financial Corporation for five years. A distinguished IRAS officer from the 1993 batch, Dubey introduced significant digital and PPP initiatives. His tenure saw vast improvements in financial systems and corporate structure, promoting growth and innovation.
Adani Group seeks to invest $900 million in Tanzania power lines
Tanzania is negotiating with the Adani Group and UK company Gridworks Development Partners for public-private partnerships involving $900 million and $300 million power-line projects. The Adani Group is also expanding in East Africa, including a 30-year concession in Dar es Salaam and ongoing talks in Kenya, sparking local protests and legal actions.
Karnataka CM Siddaramaiah launches work on greenfield KWIN City project taking shape near Bengaluru
Chief Minister Siddaramaiah has launched the KWIN City project near Dobbespet in Bengaluru Rural district. Spread over 5800 acres, the project focuses on knowledge, health, innovation, and research. It aims to attract global investments and create 100,000 jobs, featuring a solar farm to meet its energy needs.
UP to set up radiation treatment plant near Jewar Airport to boost mango exports
The Uttar Pradesh government plans to set up a radiation treatment plant near Jewar International Airport to aid mango growers in exporting to the US and Europe. This facility will reduce transportation costs and risks, enhancing fruit quality. The plant will operate on a public-private partnership model, streamlining the export process for local farmers.
Private sector in driver's seat of Indian economy: Rajnath Singh
Defence Minister Rajnath Singh highlighted the growing role of the private sector in India's economy and education. He inaugurated a new Sainik School under the Public-Private Partnership model, emphasizing its importance in instilling values like discipline and patriotism. The initiative aims to combine strengths of both sectors for holistic development.
Significant progress on major river-linking initiative in next couple of months: Minister
Jal Shakti minister C R Paatil announced that significant progress on a major river-linking project would occur within the next couple of months. Speaking at India Water Week 2024, he emphasized the importance of local water conservation and the potential of innovative solutions to address India's water challenges. The event saw participation from delegates worldwide.
Tuticorin Intl container terminal dedicated to nation; to reduce logistics costs, save forex
The Tuticorin International Container Terminal was inaugurated by Union Minister Sarbananda Sonowal, enhancing VOC Port's capacity. Prime Minister Modi highlighted its deep draft and significant berth length. The terminal aims to reduce logistics costs, save foreign exchange, and promote gender diversity with 40% female employees. Multiple development projects were also launched.
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