Tag: reinvent India

Focus on infrastructure development crucial for meeting future needs’

VISAKHAPATNAM: With cargo movement expected to increase during this decade at the Visakhapatnam port, it is important to focus on the development of road infrastructure, Confederation of Indian Industry (CII)’s Vizag zone chairman G Sambasiva Rao said here on Tuesday. Addressing a round table conference on infrastructure development activities and challenges of Vizag on Tuesday, he said that emphasis… Read More ›

Japan going whole hog with investment in Indian infrastructure

Much before Japanese premier Shinzo Abe’s visit to India, Japanese investment into India has been on steady rise especially in the infrastructure sector. The growing India-Japan economic cooperation, in fact, is increasingly been seen as a strategic alternative to the Chinese influence in the South Asian region. Of the 51-paragraph joint statement issued on the first day of… Read More ›

GSM cos seek uniform spectrum usage charge for all operators

NEW DELHI: GSM industry body Cellular Operators Association of India has slammed the government’s decision to continue charging a 1 per cent spectrum usage charge (SUC) for broadband wireless access ( BWA) spectrum which can be used to provide 4G services. “A uniform SUC for all operators offering voice, video and data services in the… Read More ›

MAPI: Manufacturing Has ‘Reason for Optimism for All of 2014’

Manufacturers continue to report a steady improvement in business, according to the Manufacturers Alliance for Productivity and Innovation (MAPI) quarterly business outlook survey released today. The survey’s composite index, a leading indicator for the manufacturing sector, improved from 66 to 67, the highest level since September 2011. This marks 17 quarters of the survey reading… Read More ›

India focusing on infrastructure along border with China: Army

To resolve the incidents of transgression along India-China border in Jammu and Kashmir, the Army is focusing on infrastructure development, a top Army commander said today. “We are focusing in Ladakh for infrastructural building and capability building (along the Sino-Indian border in Ladakh sector),” GOC-in-C Northern Command, Lt Gen Sanjiv Chachra told reporters here today. The officer was here… Read More ›

Chidambaram says India will return to high growth path in three years

Finance Minister P Chidambaram today said India remained one of the fast growing large economies of the world and, as the global economy recovers and as the government’s new measures take effect, it would get back, step by step, to the high growth path within three years. In his valedictory address at Petrotech 2014, an international… Read More ›

8 telecom firms in fray for spectrum

The battle for spectrum is expected to be intense this time with as many as eight telecom companies, including Reliance Jio, Airtel and Vodafone, submitting applications to take part in the auctions scheduled for February 3. Wednesday was the last day to submit applications and companies have the option to withdraw them by January 27…. Read More ›

Government expects to top $1.84 billion target from telecoms spectrum auction

NEW DELHI: Government expects to exceed its budgeted target of about Rs. 113 billion ($1.84 billion) from a spectrum auction due next month, the telecoms secretary said on Wednesday. The government received applications from eight companies including Reliance Industries and Bharti Airtel Ltd to participate in the auction, M.F. Farooqui said.  Read more Source: http://economictimes.indiatimes.com/

Special scheme for manufacturing gets Rs 13,000 cr proposals

The government has received 25 proposals for manufacturing in the electronic sector under the Modified Special Incentives Package Scheme (MSIPS) worth Rs 13,000 crore. Besides domestic companies, investment proposals have also come from Japanese, American, Korean and German companies, Ajay Kumar, Joint Secretary with the Department of Electronics and Information Technology said on Monday. “We are finding… Read More ›

Power deficit falls as slowdown trips companies’ usage

MUMBAI: India’s peak power deficit hit a record low of 4% for the quarter to December 2013 from 9% a year ago, according to an estimate by experts. They attribute the decline partly to the increase in generation capacity, but mainly to the worrying fall in industrial demand amid the economic slowdown. The trend is likely… Read More ›