Industry hopes new Maharashtra government will fast-track infrastructure projects

Devendra Fadnavis, 44, a four-term MLA from Nagpur, will be administered the oath of office by Governor C Vidyasagar Rao at Wankhede Stadium in the presence of Prime Minister Narendra Modi, several of his Cabinet colleagues, chief ministers of BJP-ruled states, corporate leaders, Bollywood stars and other celebrities.
  
The new government will have to address some immediate issues like power deficit and bureaucratic hurdles to revive investment in manufacturing, real estate and construction sectors for growth and job creation in Maharashtra, according to industry experts.
  
"Live investment worth Rs 15 lakh crore which are at different stages of implementation should be expedited by the new chief minister. If done the multiplier effect will be phenomenal," industry lobby Assocham said in a statement.
  
The chamber said that projects worth Rs 4.12 lakh crore are currently under implementation in the power sector alone. However, implementation of the same needs to be speed up.
  
Along with pending investment in the power sector, such investments in the pipeline belong to construction and real estate (Rs 2.92 lakh crore), services (Rs 5.78 lakh crore) and manufacturing (Rs 1.65 lakh crore).
  
Property consultant Jones Lang LaSalle (JLL) believes the government will have to focus on 3 I's – infrastructure, interest reduction and income generation.
  
"With the BJP's remarkable show in the state polls, the state will give a new lease of life to infra projects across all sectors. The projects which are being monitored by the Centre will get accelerated with the state government assumption of political power," JLL's Ramesh Nair said.
  
He said with the Centre taking a keen interest in the real estate sector, it will provide an impetus for growth across various sectors, generating tremendous employment and thereby boost the entire economic outlook for the country.

Source: MP News in Hindi and Chhattisgarh Hindi News

Investment decision on Hazira terminal expansion soon: Royal Dutch Shell

"The expansion design is being finalised for increasing LNG capacity," Maarten Wetselaar, Executive Vice President of Shell Integrated Gas said at the Singapore International Week.

"The investment will be announced shortly," he said responding to a question. "Hazira (capacity) has been fully booked," Wetselaar pointed out.

Meanwhile, Shell is also discussing Floating Regasification Storage Unit project at Kakinada in Andhra Pradesh with GAIL and Gaz de France.

"Gas import for the Indian east coast market would depend on the customers," Wetselaar said.

Shell is committed to 25 percent in the Kakinada FSRU project, he confirmed. "The kakinada project is still in early stage," he said.

The FRSU will regasify imported LNG. The Rs 3,000 crore Hazira LNG Terminal and Port facilities in Surat district of Gujarat is regarded as a key foreign direct investment (FDI) project and represents one of the largest international investments in India in the energy sector.

The Hazira LNG Terminal and Port is partnered by Shell Gas B V and Total Gaz Electricite Holdings France, representing two of the largest private LNG suppliers in the world.

Total has a shareholding of 26 per cent in each of the companies that comprise the Hazira LNG Terminal and Port project and are collectively known as Hazira Group Companies (HGC).

The Hazira Terminal includes a liquefied natural gas (LNG) storage and re-gasification terminal within a fully functional port.

The Hazira Port is designed as a deep-water, all-weather and direct-berthing port.

It is built with a protected harbour design, with additional waterfront for development of non-LNG cargo handling terminals.

Source: MP News in Hindi and Chhattisgarh Hindi News