News

The Government has approved setting up of 2,500 model schools under the Public-Private Partnership (PPP) mode in blocks which are not educationally backward. The implementation of this component has been initiated from 2012-13. The selected private entities will develop, design, build and operate these schools for which the Government will contribute to recurring cost on per capita basis for th...

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on February 13, 2013, the Government has approved 12 Proposals of Foreign Direct Investment amounting to Rs.2609.27 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 13.02.2013 are as follows: 1. Following twelve (12) proposals...

Minister of State for Civil Aviation, Shri K. C. Venugopal informed Rajya Sabha today that at present, 66 Instrument Landing Systems(ILSs) are in operation at 53 Airports and 93 Visual Omni Ranges (VORs)/Distance Measuring Equipment (DME) are in operation for en-route and terminal navigation facility at and around the airports or on the routes all over India. Airports Authority of India (AAI) h...

As per extant Foreign Direct Investment (FDI) policy, FDI, up to 100%, is permitted, under the automatic route, for exploration activities of oil and natural gas fields, infrastructure related to marketing of petroleum products and natural gas, marketing of natural gas and petroleum products, petroleum product pipelines, natural gas/pipelines, LNG regasification infrastructure, market study and...

The present installed capacity of power generation in the country is about 2,12,829 MW which includes 26,920 MW from renewable sources. This constitutes 12.5% contribution of renewable in the total power generation installed capacity in the country. The Ministry has projected a capacity addition of about 29,800 MW from renewable energy sources during 12th Plan period. It is expected that the co...

Indian Investments in Africa Close to USD 50 Billion The Union Minister for Commerce, Industry & Textiles Shri Anand Sharma today conveyed to the Trade Ministers of various African countries that despite the gloomy global environment, where there has been a contraction of trade, and with India’s own trade contracting with major trading blocks, “we are upwardly revising the target to at least...

The Ministry has sanctioned 15780 off-grid solar photovoltaic (SPV) power plants of total capacity of 13.25 MWp to be installed on individual houses in the country during 2012-13. Under the Off-grid and Decentralized Solar Applications Scheme of Jawaharlal Nehru National Solar Mission the Ministry of New & Renewable Energy is providing a subsidy of 30% of the project cost limited to Rs. 72 pe...

The Hindustan Petroleum Corporation Limited (HPCL) and the Government of Rajasthan signed a Memorandum of Understanding (MOU) at Jaipur today on setting up a refinery-cum-petrochemical complex in Barmer, Rajasthan. The project will be set up in joint venture between M/S HPCL, M/S Rajasthan State Refinery Limited and other equity partners. The signing ceremony was held in the distinguished pre...

The Minister of State for Civil Aviation Shri K.C Venugopal informed that 24 airports have been identified for establishment of Cargo Terminals by carrying out minor modifications to the redundant Passenger Terminals. These airports are : State Airport Jammu & Kashmir Srinagar Punjab Amritsar Uttar Pradesh Lucknow, Varanasi Rajasthan Jaipur Gujarat Ahmed...

Anand Sharma Invites Czech Automotive Companies to Nmizs Acknowledging the Czech expertise in the field of engineering sector, especially automotives, the Union Minister for Commerce, Industry & Textiles Shri Anand Sharma, in a meeting with Mr. Martin Kuba, Czech Minister of Industry & Trade, invited Czech investment into the proposed National Investment Manufacturing Zones in India. “Owing t...