Madhya Pradesh clear state winner in Smart City selections with 3—Bhopal, Indore, Jabalpur. In contrast NO hits for UP, Bihar, Bengal.
Tweet: Madhya Pradesh clear state winner in Smart City selections with 3—Bhopal, Indore, Jabalpur. In contrast NO hits for UP, Bihar, Bengal.
It’s not just about 20 Smart Cities selected in Round 1. The Govt has certainly created a buzz around urban rejuvenation & civic services.
Initial outlay of $7.513 billion for Smart Cities Mission
According to a recent study by Deloitte, the 100 Smart Cities project will require an investment of $150 billion over the next few years, of which $120 billion is expected to come from private sector. The government has already made an initial outlay of $7.513 billion for the Smart Cities Mission and the Atal Mission for Rejuvenation of Urban Transformation (AMRUT) for the upgradation of 500 existing cities.
Tweet: Electricity Amendment Bill ready for Budget session of Parliament. Seeks separation of carriage and content. States to implement in 5 years.
Charging ahead with power amendments
The government is all set to introduce the Electricity Amendment Bill after taking into consideration the recommendations of the Parliamentary Standing Committee on Energy. The panel had asked for broad and flexible guidelines so that the states could be given due scope for aligning these guidelines regarding the issue of segregation of carriage and content.
Tweet: Steely determination: India now stands as No. 3 steel producer globally after China & Japan. USA in 4th position.
Little cheer for domestic steel industry
Despite emerging as the third largest producer of steel globally, the Indian steel industry is not celebrating. Domestic steel is finding few takers as incremental demand is being met by cheap imports from China.
Tweet: Infra companies gearing up for major project activity (thru public exp) in hitherto somnolent sectors of railways and irrigation.
Writing on the wall
In the past, order books of infrastructure construction companies were largely dependent on roads and highways, power plants and related urban infrastructure activities. Most companies are seeing the writing on the wall and are gearing up to execute large EPC contracts in railways, Metro, irrigation and river-linking projects.
Tweet: Major move to transparency: From April 2016 all central ministries and PSUs will have to float e-tenders for purchases above R2 lacs.
Government pushes for e-tenders
In a bid to make government purchases more transparent, e-procurement has been made mandatory for all purchases exceeding R2 lakh. According to latest figures, in 2015-16, 471,826 e-tenders have been floated, totalling about R3.49 lakh crore.
Tweet: French stake out interest in northern rail region: To upgrade Delhi-Chandigarh speed to 245km/hour + redevelop Ambala & Ludhiana stations.
Indo-French collaboration takes a rail turn
The French state-run SNFC will collaborate with Indian Railways to study the feasibility of upgrading the New Delhi-Chandigarh rail link into a semi-high-speed system. There is also considerable interest from French companies in the project. Alstom has signed a shareholding agreement with Indian Railways for the production of 800 electric locomotives in Madhepura, Bihar.
Tweet: Comm Ministry putting huge pressure on FinMin to make SEZs attractive. Fighting for MAT removal + FTA level tariffs for domestic supplies.
MAT to make an exit?
The commerce ministry’s efforts for the removal of Minimum Alternate Tax (MAT) which is levied on SEZ units may finally bear fruit in the upcoming Budget. The consequent revenue losses could be offset by a higher export push and sale of goods at competitive prices to domestic industries.
Tweet: Coal-Power comeback time: Bids for 3 dom coal based UMPPs ready for cabinet ratification. Imported coal based 4th UMPP thereafter.
UMPP revival plan
The power ministry will be seeking approval of the Cabinet for revised bidding of Ultra Mega Power Projects. This could pave the way for auctioning of three plants totaling an investment of R80,000 crore.
—Vinayak Chatterjee is Chairman of Feedback Infra
His Twitter handle: @Infra_VinayakCh
A weekly compilation of the author’s tweets—
with a brief backgrounder—in the infra space, by Adite Banerjie