Infrastructure

India must enhance its value proposition and build a supportive infrastructure to double the foreign tourist arrivals (FTA) in the country, said a Federation of Indian Chambers of Commerce and Industry (FICCI) knowledge paper.

The ASSOCHAM has expressed concern about Karnataka Government’s move to clamp a five-year ban building of apartments due to water crisis, citing its impact on the construction industry.

Minister for Jal Shakti (Water), Ganendra Singh Shekhawat, is ready to sit with the Corporates to chalk out a viable strategy for industrial use of water and discharge of untreated industrial waste into the rivers.

The Government has granted final approval to National Investment and Manufacturing Zone (NIMZ) at Kalinganagar in Jajpur district of Odisha, said the Minister Commerce and Industry, Piyush Goyal in a written reply in the Rajya Sabha on 28 June 2019.

The World Bank is lending US$250 million for the development of 766 kms of Rajasthan’s Roads and Highways as part of the State Highways Development Project Phase-II.

The Power business of Larsen & Toubro (L&T) is to set up a 2x660 MW ultra-supercritical power plant in Buxar district of Bihar under a mega engineering, procurement and construction (EPC) order from SJVN Thermal Private Limited.

Tourism Ministry has identified 15 thematic circuits including themes covering religious sites for development -- Spiritual Circuit, Ramayana Circuit, Krishna Circuit, Tirthankar Circuit, Buddhist Circuit and Sufi Circuit.

The Ministry of Road Transport and Highways has identified stretches for development of about 9,000 km length of Economic corridors under the Bharatmala Pariyojna programme, Minister Nitin Gadkari has told Rajya Sabha on 24 June 2019.

The Government is constantly taking various initiatives to boost investment in the economy, including economically backward area, Minister of Finance & Corporate Affairs, Nirmala Sitharaman in a written reply to Parliament on 24 June 2019.

Expanding agriculture sector coupled with strong growth in infrastructure development, rapid industrialization and rising urbanization are the key factors expected to push the demand for PVC at CAGR of 6.81% during 2019-2030.