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FINANCE 2 | TRANSPORT 4 | CONSTRUCTION 9 | EDITORIAL 10 | TENDERS 14 | FEATURE 16 Interaction Inside 22 - 28 November| 2010 | Vol. 5 No. 16 Inside Feature pg 16


The Indian construction chemical industry is becoming more inter- esting and exciting showing an exponential growth. The size of the industry in India is approxi- mately slated at about Rs 1,600 crore. A feature


Special Report India’s First & Only Infrastructure Weekly `40 www.ProjectsInfo.in


Indian energy firms face Chinese threat


Our Mumbai Bureau pg 18


Reliance Industries completed the Krishna-Godavari KG D6 mega deepwater gas develop- ment project in record time using proper project management techniques It was the first project of its kind in India and among the largest in the world. A report on the development and execu- tion of this prestigious project.


ISSUE FOCUS


Issue focus on COMMEX 2010 6 December 2010


ndian energy companies that plan to go for overseas purchase of coal mines would increasingly face stiff competition from Chinese firms over the next three to five years as the Chinese are observed intensify their buyout strategy according to energy informa- tion provider Platts. Indian firms such as Adani Enterprises and Reliance Power have started gearing up to acquire coal mining assets in Indonesia, Australia and South Africa to meet their growing requirements. Chinese firms such as Shenhua Energy and Meijin Energy Group have sharpened their overseas buy- out strategy to satisfy the grow- ing fuel demand as China, the world’s largest coal producer, has turned a net importer from a net exporter of coal in the past two years. According to James O’Connell,


I  Consumers should be prepared to pay more for the coal


panies as they would also inten- sify their buyouts in the next three to five years.” He further added, with this the valuation of international coal companies will continue to increase, while the consumers should be pre- pared to pay more for the coal. Indian firms such as Adani


Managing Editor, Platts International Coal,


“The big-


gest threat that Indian firms face overseas is from Chinese com-


Power, Reliance Power and Essar have acquired coal assets in the recent past in countries such as Australia, Indonesia and the US. Coal India, the world’s largest producer, is also in talks to acquire stakes in


Rakesh Mohan appointed Chair of Infra fin comm D


r Rakesh Mohan, the for- mer Deputy Governor


of Reserve Bank of India, has been appointed as Chairman of a newly set up high-level committee on financing of infrastructure. The Committee will assess the quantum of investment needed to be made by the central and state gov- ernments, public sector under-


takings (PSUs) and the private sector in the 10 major physi- cal infrastructure sectors dur- ing the Twelfth Five Year Plan. It will also identify areas and activities to be financed by the Government, public and private sector. The Committee will also recommend the role of Government in developing the capital markets for interme-


overseas mines. O’Connell said imports from


India and China would contin- ue to rise to meet the growing demand from the energy sec- tor. Imports by China, which started buying overseas coal two years ago, were expected to touch 100 million this year as the country is expected to remain a net importer in the short term. Similarly, the Indian imports, which are currently at 73 million tonne, were projected to reach 164 million tonne in five years.


Jugal Makwana, Bentley Systems discusses about the software that Bentley offers in the rail and transit divi- sion. pg11


New mechanism to monitor power projects


he government has set up a special monitoring mecha- nism under the cabinet secre- tariat to monitor power capac- ity addition programme. The fresh intervention comes at the behest of the PMO that is concerned that delays in power projects being reported at regu- lar intervals may again derail the country’s capacity addition pro- gramme. The cabinet secretariat plans to oversee progress of pow- er projects on a monthly basis with special emphasis on activi- ties getting delayed on a regular basis. It has also been decided that the new set up will not only identify and rectify delays but will also put in a mechanism to fix responsibility and take strict action for lapses. The govern- ment has already formed a panel of officers headed by the cabi- net secretary to review capac- ity addition. Another committee headed by the secretary, heavy industries, and senior officials from the ministry of power, CEA, NTPC and BHEL as members will regularly evaluate commis- sioning of power projects. The country’s Eleventh Plan (2007- 12) target of generation capac- ity addition has already been revised downwards to 62,000 MW from 78,700 MW.


T


diating long-term savings for investments in infrastructure projects, including the foster- ing of appropriate institution- al arrangements. Besides, it will also examine the role of international capital flows in infrastructure financing and development, assess the nature of projects likely to receive such capital.


Vibrant Gujarat 2011 set to lure Indian investors


“T


he previous four ‘Vibrant Gujarat’


events were meant to attract investment for Gujarat. With ‘Vibrant Gujarat 2011’ Summit, we want investment to go to every Indian state. Representative of any state can come here and sign MOUs with any global company present.” said Shri Narendra Modi, Hon’ble Chief Minister, Government of Gujarat while addressing the interactive meet on Vibrant Gujarat-The Global Business Hub where CII is the national partner. Though the idea for the event was to invite cap- tains of the industry to the Vibrant Gujarat 2011 event to be held on 10 and 11 Jan 2011, the focus shifted to how the Indian economy is


growing, thanks to Gujarat. “I always say, ‘Gujarat’s growth, for India’s growth.’ To make India emerge and grow, its States have to grow stronger. Gujarat is perfect example of that with double digit growth rate even during recession and monopoly in various industries across the spec- trum,” said Modi. Despite having only 6 per cent of the national population and 6 per cent of its land mass, Gujarat manages 22 per cent of the India’s export. A K Joti, Chief Secretary,


Government of Gujarat, said, “It is not for nothing that Gujarat is acclaimed as India’s growth engine. It leads in both the economic and social index, is fast becoming the preferred  page 8


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