Infrastructure

The Swiss government has authorized 2000Watt Smart City Association (2000WSCA) to represent and confer the international label 2000WattSite to townships, towns, cities and regions in India, attracting over US$1 billion investments in various industries setting up Pune as a start.

The Indian Railway plans to invest US$700 billion through partnerships, joint ventures and collaborations to strengthen the infrastructure and reach the farthest corners of the country in the next 12 years.

Qatar Holding LLC’s (QH) acquisition of Adani Electricity Mumbai Limited (AEML) and Adani Electricity Mumbai Services Limited (AEMSL) is deemed approved under the Competition Commission of India (CCI) Green Channel which is an automatic system.

The Asian Development Bank (ADB) has signed a US$490 million loan for public-private partnership (PPP) project to upgrade about 1,600 km of state highways and major district roads (MDRs) from single-lane to two-lane widths in the state of Madhya Pradesh.

The PHD Chamber of Commerce and Industry (PHDCCI) has called for implementation of FIDIC contract in fast tracking road and highway projects in the country.

Steel Minister Dharmendra Pradhan wants to make the steel sector more efficient and globally competitive and backed it with assurance that the Government will facilitate in the growth process.

Representatives of the Agro-processing and Rural Development sectors have told Finance Minister Nirmala Sitharaman to boost investment in agricultural sector and enhance market access to farmers.

The government is in the process of adopting new and smart technologies which will help in making the 30-km per day road construction target more ambitious, said Gen (Retd) V K Singh, Minister of State for Road Transport & Highways.

Noting that India plays a vital role in curbing global emissions, Bank of America is providing a local currency revolving credit facility to Fourth Partner Energy, one of the country’s largest distributed solar companies in India.

Projects worth Rs.7,700 crore, mostly sewage treatment plants, have been completed out of Rs.20,000 crore allocated for ensuring clean water flow into Ganga river.