Anand Sharma to address National Seminar on "Industrial Productivity for Inclusive Growth" todayOctober 5th, 2009 NEW DELHI - Union Minister of Commerce and Industry Anand Sharma will address the National Seminar on "Industrial Productivity for Inclusive Growth" here today. The seminar is being organized by the National Productivity Council, Department of Industrial Policy and Promotion, the Ministry of Commerce and Industry.
Infrastructure sector could attract $1.5 tn: MinisterOctober 5th, 2009 NEW DELHI - India's infrastructure sector has the potential to attract investments worth $1.5 trillion (Rs.75 lakh crore) over the coming decade, Commerce and Industry Minister Anand Sharma said here Monday. The 11th Five-Year Plan envisages an outlay of over $500 billion of investment for infrastructure.
Industrial output rises to 6.8 percent in first quarterSeptember 11th, 2009 NEW DELHI - Country's industrial output rose 6.8 percent in July from a year earlier, in line with estimates, data showed on Friday, riding on higher demand for goods such as cars and higher mining activity. The industrial recovery may offset for interval of agricultural production attacked by irregular monsoon and help the economy.
Analyst sees oil, gas prices benefiting McDermott, infrastructure helping URSSeptember 10th, 2009 Analyst: Oil, gas prices benefiting McDermottHARTFORD, Conn. — Rising oil and gas prices are expected to help drive business for engineering and construction company McDermott International Inc., an analyst said Thursday.
Infrastructure companies' tax expenses up: AssochamSeptember 5th, 2009 NEW DELHI - Contrary to popular belief, tax expenses of companies with the infrastructure status have gone up by 90.3 percent, a survey released here Sunday said. According to the Associated Chambers of Commerce and Industry's (Assocham) Financial Pulse study, tax expenses for companies under the infrastructure status have gone up because of improved realisations.
Moody's revises India growth forecast to 6.4 percentSeptember 3rd, 2009 NEW DELHI - Global consultancy Moody's, which last week contended that the drought would bring India's growth down to 6.2 percent, Thursday revised its prediction to say the "stronger-than-expected start" this fiscal spelt a 6.4 percent growth in 2009-10, and 9 percent by 2012-13. "India's June quarter economic performance surprised slightly on the upside.
Reliance Communications net up 8.3 percentJuly 31st, 2009 MUMBAI - Reliance Communications (R-Com), part of the Anil Dhirubhai Ambani Group, has posted a net profit of Rs.1,637 crore ($342 million) for the quarter ended June 30 as against Rs.1,512 crore in the like period last year, a growth of 8.3 percent. The company's total income surged 15.5 percent to Rs.6,145 crore from Rs.5,322 crore, it said in a regulatory statement.
Stimulus helped infrastructure sector revive: MinisterJuly 23rd, 2009 NEW DELHI - The timely release of stimulus packages has helped the infrastructure sector post a good growth rate last month despite the economic slowdown, Commerce and Industry Minister Anand Sharma claimed here Thursday. Referring to the 6.5 percent growth rate achieved by the six core infrastructure sectors in June, Sharma said: "It's clear that the government's stimulus packages and the budgetary proposals have had a positive impact.
With 6.5 percent growth, infrastructure sectors signal recoveryJuly 23rd, 2009 NEW DELHI - Signalling a recovery for Indian industry, the output of six core infrastructure sectors expanded 6.5 percent in June against 2.8 percent in the previous month, official data showed Thursday. The six core infrastructures industries, comprising crude oil, refined petroleum fuels, coal, electricity, cement and finished steel, with a collective weight of 26.7 percent in the industrial production index, had grown by 5.1 percent in June last year.
India's industrial sector will continue to improve: Moody'sJune 12th, 2009 NEW DELHI - The rise in India's industrial production in April points to stabilisation of the industrial sector, which will continue to grow in coming months, says the economic intelligence arm of global rating agency Moody's. The Index of Industrial Production (IIP) rose 1.4 percent in April as against a decline of 0.75 percent in March, data released here Friday by the government said.
India's industrial output for April signals recoveryJune 12th, 2009 NEW DELHI - India's industrial output grew 1.4 percent in April as against a decline of 0.75 percent in March, in what analysts said can be taken as early signs of recovery. Data on index of industrial production (IIP) released by the commerce ministry Friday showed that the growth also came after two successive months of decline and was led mainly by a 7.1 percent increase in electricity generation.
Public-private projects can provide stimulus: AssochamApril 15th, 2009 NEW DELHI - The public-private partnership (PPP) projects in the infrastructure sector in various states will provide a Rs.200,000-crore stimulus for the Indian economy, a study by an industrial lobby released Wednesday said. According to the study by the Associated Chambers of Commerce and Industry (Assocham), the PPP projects - especially roads, real estate, power, ports and transport - have tremendous potential to unleash higher growth rate if the investment outlays are utilised effectively.
Industrial outlook to stay bleak till exports improve: Moody'sApril 9th, 2009 NEW DELHI - India's industrial outlook will remain bleak until the export sector gains momentum, the research arm of global credit rating agency Moody's said Thursday. 'India's industrial outlook will remain dire until there are signs of improvement in export prospects,' Sherman Chan, an economist with Moody's Economy.com said in a statement, released hours after government data showed 1.2 percent fall in India's February industrial output.
'Poor infrastructure driving up operating costs for India Inc'March 13th, 2009 NEW DELHI - Infrastructure inefficiencies like poor roads and inadequate power generation are the major factors that drive up India Inc's operating costs, a survey said Thursday. According to the survey conducted jointly by global consulting major KPMG and Economist Intelligence Unit, around 95 percent of Indian top executives feel infrastructure investment was insufficient in the country to support the long-term growth of their organisations.
Delhi to upgrade infrastructure in 13 industrial areasDecember 22nd, 2008 NEW DELHI - Civic infrastructure, including roads, storm water drains, street lighting, effluent treatment and parking facilities, in 13 industrial areas of the capital will be upgraded at a cost of Rs.6.8 billion (Rs.680 crore), city Mayor Aarti Mehra said Tuesday. 'The infrastructure available in the industrial areas has been found to be inadequate and therefore there is a need to upgrade the civic infrastructure in these areas, facilitating optimal growth of industrial sector in the capital city,' Mehra told reporters.
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