Tweet: FM’s visit to UAE—Abu Dhabi InvAuth evinced keenness to invest in NatInv&Infra Fund. Way to go—need to monetise international goodwill.
Abu Dhabi Investment Authority shows interest in NIIF
Officials of the world’s second largest wealth fund, the Abu Dhabi Investment Authority, will be visiting India to hold discussions about possible participation in the National Infrastructure and Investment Fund (NIIF), which aims at boosting economic growth through its focus on infrastructure projects.
Tweet: NHAI to provide relief to 34 road projects delayed for sarkari reasons by extending concession period. Clearly the only logical thing to do!
Tweet: MoRTH empowered to decide on various projects without referral to Cabinet. Right way to go. Should now cascade to other Ministries too.
Removing barriers for speedy road development
In a bid to give the road development sector a major boost, the government has empowered NHAI to compensate road developers for delays not attributable to them, thus releasing investments of an estimated R35,000 crore. Also, bureaucratic delays will be cut down as the road ministry will now be able to approve projects with civil construction cost up to R1,000 crore.
Tweet: Kelkar Comm on PPP Revival submits Report to Govt. Look forward to its being made available in public domain immediately. No reason not to.
PPP revival: Winds of change?
The much awaited Kelkar Committee Report has been submitted to the government. The committee’s brief was to review PPP policy and suggest measures for effective implementation of public private partnership projects.
Tweet: CRISIL Research highlights mounting liquidity woes of realty developers: Low sales, high inventory, t bank financing. FDI the salvation?!
Realty sector’s refinancing woes
The continued slump in the realty sector, CRISIL warns, could further push the top 25 realty companies into more debt because of higher refinancing costs. Their current debt stands at R30,000 crore.
Tweet: Ship Min ready with 1st step to Corporatise Govt owned Ports. Major Port Trusts Act 1963 to be replaced by Major Port Authorities Act 2015.
Port management to be reformed
The government has initiated the move towards corporatisation of government-owned ports. The main objectives are to leverage the unutilised land resources lying idle with the ports and to improve governance.
Tweet: Govt gets practical about new oil & gas exploration. Unified licence for oil/gas/shale/CB methane. Revenue sharing instead of profit sharing.
Exploring reforms in the oil & gas sector
Reforms in oil and gas exploration are yet another step in the government’s efforts to liberalise foreign direct investment. The industry has welcomed this development as it will allow companies to produce oil and gas from any source in the block they operate.
Tweet: When Tamil Nadu cities are reeling under waterlogging, heartening to read that 81 cities will now invest R5,700 crs for water & sewerage.
AMRUT turns on the investment tap
Investments worth R5,700 crore will be made available under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme to enhance basic infrastructure in 81 cities in five states. The state action plans of Tamil Nadu, Jharkhand, Madhya Pradesh, Odisha and Mizoram have been approved by an inter-ministerial apex committee.
Tweet: PM Modi makes a spirited point at G-20 meet exhorting nations to shift from Carbon Credits to Green Credits. Clearly a positive perspective.
PM’s green agenda at G-20 summit
Clarifying the Indian approach to the issue of dealing with climate change, the Prime Minister has proposed that developed nations bear the cost in an equitable manner. He put forth a seven-point agenda that includes raising $100 billion for climate control efforts by 2020.
—Vinayak Chatterjee is Chairman of Feedback Infra
His Twitter handle: @Infra_VinayakCh
A weekly selection of the author’s tweets—
with a brief backgrounder—in the infra space, by Adite Banerjie