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Government should set up an independent commission for PPP regulations

It is a clich? now that the infrastructure sector is a critical enabler for sustaining economic growth as well as for ensuring its inclusiveness. This alone could enable a two per cent growth in GDP.

Mandate for action

The CE sector, for its part, needs to look ahead. Looking back, it would seem, everything possible for a new growth story has been done, put in place. Looking forward is the only way; the pace may be painfully slow but is expected to be steady.

Road 2 recovery

Despite the present day gloom in the market, the future for the construction equipment sector, especially for the road equipment segment in India, still holds much potential as this sector has a profound and immediate impact on the country?s economic growth. Off-Highway Research is optimistic about the growth in demand for road equipment and forecasts growth at a CAGR of 12.67 per cent over the next five years. Agith G Antony finds out more about the positive vibes in the industry.

The government should award projects only after securing key sovereign clearances.

With the government planning for a major infrastructure boom in the North-Eastern states, we foresee a lot of potential for businesses to grow and flourish. The government plans to make investments in roads, railways, air connectivity, cyber and telecom connectivity and power in this region, says Amit Gossain, Vice President - Marketing and Business Development, JCB India. Excerpts of the interview.

Coal ministry counters charges of NTPC

Union coal ministry refuted the charges levelled by union power ministry and NTPC that Coal India (CIL) was supplying inferior quality coal to the power producer. The power ministry took its grievances against CIL to the Cabinet Committee on Investments (CCI) and this move irked the union coal ministry

CCI gets request to streamline approval process

The Cabinet Committee on Investments (CCI) received a request from the union coal ministry for streamlining approval process for mining projects. In a letter written by the union coal ministry to CCI, it suggested parallel processing of environmental clearance (EC) and forest clearance (FC) for coal proj

Reform in approval process

Some industry observers are not satisfied with the setting up of the Cabinet Committee on Investments (CCI) by the Central Government as they find it to be a watered-down and relatively toothless body.

We are virtually the best in fuel average and productivity in the 20T excavator segment.”

We are looking forward to a lot of regulatory reforms. For new projects, the approach towards environment clearances needs to be more pragmatic, GOI has to ensure that no retrospective taxation happens, GST needs to be introduced even if some states do not play ball initially. Such actions will get the CE industry going, says Vikram Sharma, Chief Executive Officer, Kobelco India. Excerpts from the interview.

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