In­fra De­vel­op­ment

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Is­lamic Bank fixes In­dian in­fra sec­tor on radar

One of the largest lenders to Mus­lim coun­tries, Is­lamic De­vel­op­ment Bank Group, is in­creas­ingly in­ter­ested in ex­plor­ing tie ups and joint ven­tures with other multilateral de­vel­op­ment banks to in­vest in In­dia’s in­fra­struc­ture sec­tor in a big way, said President Ban­dar M.H. Ha­j­jar, re­it­er­at­ing that the de­vel­op­ment is sig­nif­i­cant given In­dia’s in­fra­struc­ture re­quire­ments and the need to ac­cess cap­i­tal at com­pet­i­tive rates.

OMBADC ap­proves 8 projects worth ₹2,800 cr

The Odisha Min­eral Bear­ing Ar­eas De­vel­op­ment Cor­po­ra­tion (OMBADC) re­cently ap­proved eight new projects en­tail­ing a whop­ping in­vest­ment of ₹2,800 crore in nine min­eral bear­ing districts of the state, of­fi­cial sources said, elab­o­rat­ing that the projects will be im­ple­mented in nine min­eral bear­ing districts - An­gul, Dhenkanal, Ja­jpur, Jhar­sug­uda, Keon­jhar, Ko­ra­put, Mayurb­hanj, Raya­gada and Sun­dar­garh.

PM launches ₹2,100 cr ur­ban in­fra projects

The PM re­cently laid the foun­da­tion stone of ur­ban in­fra projects in Ra­jasthan at an in­vest­ment worth ₹2,100 crore. The projects, among oth­ers, in­cluded a 2.7 km long El­e­vated Road Project in Ajmer at an in­vest­ment of ₹537 crore. They also in­cluded up­grad­ing of STPs in Dholpur, Na­gaur, Al­war, and Jodhpur and other ar­eas at a cost ₹122 crore, ₹370 crore, ₹68 crore, ₹281 crore, and ₹33 crore, re­spec­tively.

Te­lan­gana takes up ₹55,000 cr in­fra projects

The state gov­ern­ment in Te­lan­gana has tar­geted to in­vest a stag­ger­ing sum worth ₹55,000 crore on de­vel­op­men­tal pro­grams es­pe­cially in the cap­i­tal city of Hy­der­abad, said of­fi­cial sources, elab­o­rat­ing that the program will also cover other cities and towns in the next three years. The gov­ern­ment plans to spend a whop­ping ₹45,000 crore on Hy­der­abad alone at the rate of ₹15,000 crore per an­num in three years.

Govt. tar­gets $4.5 tril­lion in­fra in­vest­ment

Ac­cord­ing to the fi­nance min­is­ter Arun Jait­ley, In­dia needs a whop­ping in­vest­ment of $4.5 tril­lion in the coun­try’s in­fra­struc­ture sec­tor in the next one decade and gen­er­at­ing the stag­ger­ing sum will be a chal­lenge, but the re­quired fi­nance will not be "de­ter­rence" for the coun­try. He said this at a panel of gover­nors at the Asian In­fra­struc­ture In­vest­ment Bank's (AIIB) two-day an­nual sum­mit in Delhi.

World Bank pushes ₹1,000 cr in wa­ter in­fra

In­ject­ing a ma­jor booster to the wa­ter trans­port in­fra­struc­ture of the north eastern re­gion, the World Bank has re­cently ini­ti­ated a process of fi­nanc­ing projects to mod­ern­ize in­land wa­ter trans­port in As­sam. In this con­nec­tion, state trans­port min­is­ter Chan­dra Mo­han Pa­to­wary re­cently held a meet­ing with rep­re­sen­ta­tives from the World Bank.

Govt plans to sell vi­brant in­fra projects

The Union gov­ern­ment is con­sid­er­ing sell­ing suc­cess­fully run­ning pub­lic sec­tor in­fra­struc­ture projects in power and steel seg­ment cov­er­ing NTPC and Steel Au­thor­ity of In­dia and BHEL among oth­ers to pri­vate play­ers. In this con­nec­tion, a pro­posal is be­ing worked out to mon­e­tize com­mer­cially vi­able as­sets op­er­ated and held by state-owned com­pa­nies, said sources.

Govt readies 102 mine blocks for auc­tion­ing

As many as 102 min­eral blocks are be­ing read­ied by dif­fer­ent states to be put up for the next round of min­ing auc­tion as the move aims at speed­ing up auc­tion of ex­ist­ing blocks and ac­cel­er­ate ex­plo­ration of po­ten­tial blocks across the coun­try, Mines & Min­er­als, Min­is­ter Narendra Singh To­mar said that out of the 43 blocks auc­tioned so far, eleven blocks have started pro­duc­tion.

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