Nirmala Sitharaman asks various ministries to front load capex; explore PPPs for viable projects – Times of India

NEW DELHI: Finance minister Nirmala Sitharaman on Friday asked various ministries to try to spend more than their capital expenditure targets as well as explore public private partnerships for viable projects. During a meeting with senior government officials to discuss the infrastructure roadmap, she also urged the ministries and their CPSEs to ensure clearance of … Read more

View: A robust ecosystem for project implementation is a must for efficient development of infrastructure

The National Programme and Project Management Policy Framework (NPMPF), launched in October 2020, can give teeth to India’s plans for massive infrastructure development. Synopsis The wave of financial liberalisation and free market ideology led to a gradual dismantling of the development financing structure, with several institutions such as the Industrial Development Bank of India (IDBI) … Read more

IndiGrid to buy FRV Solar units for ₹660 crore

Infrastructure investment trust IndiGrid said it has inked an agreement to acquire 100% stake in two projects of FRV Solar Holdings for ₹660 crore. The completion of acquisition would depend upon receipt of relevant approvals, IndiGrid said. “India Grid Trust (IndiGrid) has signed a securities purchase agreement on December 18 for acquisition of 100% in … Read more