Professional Documents
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Po l l u t i o n E a t i n g C e m e n t
Italian department of environment says it
has measured 60 percent reduction in
nitric oxide on that particular street. The
cement substance cuts pollution levels by
between 20 and 70 percent, but only
Pollution Eating 1
within about three meters of a structure
Cement
coated in it.
India has been gaining high popularity on the global However there are big gaps in terms of number of
tourism circuit for the past couple of years. It would announcements made in the past few months, and the
further be clear in light of the data which says the actual construction happening on the ground. The
foreign tourist arrivals in India have reached to 4.43 increase in interest rates has cut the pace of the
million in 2006 from 3.92 million in 2005. Foreign construction, thereby affecting the overall supply of hotel
business travelers make a high percentage of the total rooms in India.
inbound travel. The other criteria that will make
This is a waiting opportunity for the real estate companies
inbound travel to flourish in India are, India hosting the
to capitalize on. With their land banks, many at cheaper
2010 Asian Games, vying for 2012 Commonwealth
rates, the developers are looking at capitalizing this
games and ultimately 2020 Olympic Games. These
opportunity when it is ripe.
games are likely to increase the inbound travel
manifold.
SEZ Snippets
Besides, India sees around 300 million domestic Export growth from SEZs from 2005-06 to 2006-07
travelers each year and the number is likely to soar by is 52.31%
10-15% every year. Total investment in the 100 notified SEZs are
Coupled this with the low level of hotel rooms Rs.15000 crores and when completed these would
presently available, the shortage is very high in Indian have received an investment of Rs.53,561 cores.
Metros and other Tier II cities which are also likely to Number of direct employment generated in these
see a boom with the IT/ITeS companies moving SEZs are 25000 which is likely to increase to
downward to these cities. 15,75,462 once all the investment is completed.
India would have 642 SEZs if all the proposals are
The global hoteliers with plans to set hotels in India
notified, Maharashtra to lead the pack with 120
are making joint ventures with prominent realty
SEZs, AP 104 and Tamil Nadu with 78
Po r t - S e t t i n g S a i l f o r G r ow t h
been operationalized recently, was developed through
joint venture formation between major and minor
India occupies a strategic location on the global maritime
ports.
map. Along its extensive coastline of 7,517 km, there are
12 major ports. Eleven major ports are Port Trusts, Port privatization has picked up momentum. In the
governed by the provisions of Major Port Trust Act, recent past.18 private or captive projects worth US$
1963 and the twelfth, Ennore Port, is the first major 1.39 billion have been approved. Of these, 13 projects
corporate port. In addition, there are 185 minor and worth US$ 577.78 million are operational. The private
intermediate ports spread across the nine costal states. participants include global players such as P&O, PSA,
Indian ports handle 90 per cent of India’s total foreign Maersk, Gammon India, CWC and the Dubai Port
trade in terms of volume and 70 per cent in terms of Authority.
value.
US$13.33 billion opportunity in NMDP
US$5.5 billion in the next five years
Under this program, there are several projects to be
The Government of India (GOI) is using privatization as completed over the next 10 years. The program is
a tool to expand existing port infrastructure (augmenting proposed to be implemented through public-private
the existing capacities as well as developing green field partnership. The areas for which funds would be
ports). With the law relating to privatization already in required can be categorized under the following three
place, the ports sector is emerging as one of the most heads:
attractive opportunities for private sector investments.
• Projects related to port development (construction
Rampant Growth in Traffic of jetties, berths etc.)
Following the liberalization and opening of the Indian • Procurement, replacement or up gradation of port
economy in the early 1990s, there has been a significant equipment
increase in India’s maritime trade, with traffic increasing
• Deepening of channels for improvements in drafts
from 165 MTPA in 1991 to over 500 MTPA in 2004-05.
The estimated investment for above projects is US$
With Indian foreign trade likely to grow to US$150
13.41 billion, out of which US$ 2.54 billion will be
billion which is 1.5% of the total global trade the Ministry
raised through budgetary support, and an additional
of Shipping projects the port traffic to grow to a level of
US$ 1.13 billion will be funded through internal
650 MTPA by 2008. As opposed to the growth of 3.5-4
resources. The rest of the investment of US$ 8.72
per cent in global trade, India has been registering a 10.4
billion will be mobilized from the private sector
per cent growth in containerized cargo and a 6 per cent
growth in bulk cargo. India’s 4.4 million TEUs (Twenty- With these new developments the maritime sector in
foot Equivalent Units) accounts for 5-6 per cent of cargo India would wake up to the new opportunities from a
in Asia. long period of slumber, to become the Asian Maritime
Hub.
Privatization abound
Ms. Gayathri.N
Executive Secretary-Strategic Planning