PUBLIC PRIVATE PARTNERSHIP
![Innovative financing plans can help speed up green transition](https://img.etimg.com/thumb/msid-112691048,width-100,height-75,resizemode-4/industry/renewables/innovative-financing-plans-can-help-speed-up-green-transition.jpg)
Innovative financing plans can help speed up green transition
The shift to a low-carbon economy required over $6.5 trillion annually for 15 years. Successful climate strategies included policy, regulation, finance, and technology. Blended finance models, combining public and private investment, proved effective in funding green projects in Quebec and emerging economies like India, enhancing the feasibility of such transitions.
![Karnataka govt launches new cyber security policy](https://img.etimg.com/thumb/msid-112189431,width-100,height-75,resizemode-4/news/india/karnataka-govt-launches-new-cyber-security-policy.jpg)
Karnataka govt launches new cyber security policy
The Karnataka Government introduced a cyber security policy for 2024 to tackle rising cybercrimes and enhance digital safety through awareness, education, and industry partnerships. The policy aims to build a strong cyber ecosystem and reinforce state IT asset security. This initiative involved collaboration with the Indian Institute of Science and other stakeholders.
![MIGA to expand India footprint, help in energy transition: Officials](https://img.etimg.com/thumb/msid-112176983,width-100,height-75,resizemode-4/news/economy/infrastructure/miga-to-expand-india-footprint-help-in-energy-transition-officials.jpg)
MIGA to expand India footprint, help in energy transition: Officials
MIGA typically promotes cross-border investment in developing countries by providing guarantees and credit enhancement tools to induce investors and lenders to deploy funds in projects that may not otherwise gather investor interest. MIGA now wants India to use its credit guarantee instruments to crowd in private investors in development projects, not just at home but also in other developing countries, they indicated.
![Adani Group submits investment proposal to upgrade Nairobi airport](https://img.etimg.com/thumb/msid-111995270,width-100,height-75,resizemode-4/news/company/corporate-trends/adani-group-submits-investment-proposal-to-upgrade-nairobi-airport.jpg)
Adani Group submits investment proposal to upgrade Nairobi airport
Kenya Airports Authority received an investment proposal from Adani Airport Holdings Ltd for upgrading Nairobi's Jomo Kenyatta International Airport. The plan includes a new terminal building, second runway, and existing facilities' refurbishment. The proposal would undergo technical, financial, and legal reviews and must be approved by various stakeholders and authorities.
![Infra allocation, support to startups to boost innovation in steel sector, create jobs: ISA](https://img.etimg.com/thumb/msid-111980400,width-100,height-75,resizemode-4/news/economy/infrastructure/infra-allocation-support-to-startups-to-boost-innovation-in-steel-sector-create-jobs-isa.jpg)
Infra allocation, support to startups to boost innovation in steel sector, create jobs: ISA
The increased R&D funding and support for startups and MSMEs in the Budget will foster innovation in steel manufacturing, according to the Indian Steel Association. The Rs 11.11 lakh crore allocation aims to enhance infrastructure, create jobs, and benefit the steel industry. Emphasis on roads, railways, ports, and urban development will boost steel demand and productivity.
![Union Budget 2024-25: Finance Minister Nirmala Sitharaman proposes 12 industrial parks under National Industrial Corridor Program](https://img.etimg.com/thumb/msid-111956502,width-100,height-75,resizemode-4/news/economy/infrastructure/union-budget-2024-25-finance-minister-nirmala-sitharaman-proposes-12-industrial-parks-under-national-industrial-corridor-program.jpg)
Union Budget 2024-25: Finance Minister Nirmala Sitharaman proposes 12 industrial parks under National Industrial Corridor Program
Budget 2024: Finance Minister Nirmala Sitharaman announced the sanctioning of 12 industrial parks under the National Industrial Corridor program during her Union Budget 2024-25 presentation in the Lok Sabha on Tuesday. Additionally, the budget introduced rental housing for industrial workers facilitated in a Public-Private Partnership (PPP) mode.
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Budget 2024-25: Govt announces transit-oriented development plan for large cities
Union Budget: The government proposed a transit-oriented development plan for 14 large cities and aims to create a framework for the creative redevelopment of cities. This plan is part of the budget for 2024-25, presented by Finance Minister Nirmala Sitharaman on Tuesday. The initiative targets cities with populations above 30 lakh. The Union government intends to collaborate with states to make cities "growth hubs."
A PPP booster in the budget could chart out growth trajectory of infra sector
Union Budget: India's National Infrastructure Plan (NIP) aims to invest INR 111 lakh crores in infrastructure over the next five years, with Public-Private Partnerships (PPPs) playing a crucial role in bridging the financing gap. PPPs can generate additional resources outside government budgets, enhancing the speed and quality of development and infrastructure quality. India already has a vibrant PPP ecosystem with over 1800 projects costing over Rs 24 lakhs.
Budget 2024: What government can do to prioritise individuals with special needs
Despite economic growth, the needs of individuals with disabilities in India are still unmet.
Economic Survey 2023-24 calls for a comprehensive framework for Care Economy
The Survey, tabled by the finance minister Nirmala Sitharaman in Parliament on Monday, proposed strategic reforms, including parental leave policies, subsidies for care services and encouraging public and private investments in building care infrastructure besides putting in place a rating system for creches and elderly homes to develop a structured care economy in the country.
Piyush Goyal discusses UK, EU trade pacts at G7 meeting
Commerce and Industry Minister Piyush Goyal, at the G7 trade ministers meeting in Italy, discussed India's FTAs with the EU and UK and the India-Middle East-Europe Economic Corridor. Talks with Valdis Dombrovskis focused on India-EU trade and FTA negotiations, while discussions with Jonathan Reynolds covered deepening India-UK economic ties and resolving FTA issues before elections. Goyal met ministers from Italy, Germany, and New Zealand to strengthen supply chains amid global crises like Covid-19. Emphasis was placed on collaborations in critical sectors like minerals, semiconductors, pharmaceuticals, and green energy, as well as public-private partnerships and regulatory frameworks. The eighth round of India-EU FTA talks was held in June, with another round expected in September. Investments in critical infrastructure were also addressed.
Piyush Goyal for collaboration in smooth supply of critical minerals, semicon, pharma, green energy
Commerce and Industry Minister Piyush Goyal has called for increased collaborations among trusted partner countries to ensure smooth supply of critical minerals, semiconductors, pharmaceuticals, and green energy. He stressed the importance of analyzing global supply chains' resilience during crises like the pandemic, Ukraine-Russia conflict, and Red Sea crisis.
Interest sops in works for companies setting up cold storage facilities for onions
The Ministry of Food Processing Industries plans to introduce an interest subvention scheme for private firms setting up cold-storage facilities near major cities to stabilize onion prices. After high prices and inflation last year led to export bans, the initiative aims to store onions closer to urban centers to manage market fluctuations. With 50 key locations identified, including Delhi and Mumbai, the scheme seeks to address supply gaps during peak demand periods, mitigating price spikes and ensuring steady availability.
Green bonds - Municipal bodies think change, climate change
Brihanmumbai's ₹10,224 crore FY25 climate budget signifies Indian municipal bodies' shift to sustainability. With Solapur, Vadodara, Bhopal, Indore, and Pimpri-Chinchwad leading green initiatives, CEO Masood Mallick highlights Swachh Bharat Mission, regulatory evolution, and public-private partnerships. NGT's environmental compensation emphasizes compliance, increasing the need for green financing.
Integrating climate finance into India's economic blueprint
Pradeep S. Mehta, Secretary-General of CUTS International, suggested that India's 2024-25 Budget should include dedicated climate finance institutions through public-private partnerships during a webinar on accelerating private investment in climate finance. Mehta stressed the importance of private sector involvement for a sustainable and resilient future, highlighting the need for collaboration, innovation, and commitment.
Google Cloud, EkStep Foundation partner to accelerate adoptions of Digital Public Infrastructure
The company statement said this will enable proof of concepts for creating and enhancing DPGs and DPIs, and identify Google Cloud products relevant to DPI adoption.
Revamping of BOT model is tactical move to attract private capex: Ind-Ra
India's government is revamping the built-operate-transfer (BOT) model to attract private capital, which is expected to surpass Rs 1 trillion by 2030. The government has successfully implemented 400 Hybrid Annuity Model road projects worth over Rs 4 trillion in the past seven years, balancing risk between private and public partners. The government's focus on monetization via the National Monetisation Pipeline has attracted foreign investors.
'Global interest in India encouraging for local industry': Sanjiv Puri
Sanjiv Puri, chairman of ITC, highlighted the global interest in the Indian economy at the CII Annual Business Summit 2024, emphasizing India's success in the digital economy and renewable space sector, showcasing public-private partnerships for global success.
Tax incentives can help enhance adoption of sustainability manufacturing: Experts
Financial incentives like tax breaks and subsidies can boost the adoption of green manufacturing practices. Experts emphasize the need for sustainable supply chains and investments in energy-efficient technologies. Companies are increasingly focusing on sustainability, with Indian firms leveraging sustainable loans and investing in recycling.
Maharashtra: Government hospitals gear up to outsource critical services
Government hospitals in Maharashtra collaborate with private firms to introduce advanced diagnostic services. District hospitals play a crucial role in providing free treatments for various ailments. Meanwhile cardiac cath labs, and 10-year agreements aim to improve healthcare accessibility. Private players to operate MRI and CT scan facilities, billing at CGHS rates.
Indian Coast Guard and Jindal Steel & Power sign MoU to enhance indigenous shipbuilding
Indian Coast Guard and Jindal Steel & Power have signed an MoU to enhance the supply of indigenous marine-grade steel for shipbuilding projects. The MoU emphasizes indigenization efforts and underscores the importance of public-private partnerships in addressing security challenges. This collaboration aligns with the government's 'Make in India' and 'Atmanirbhar Bharat' initiatives, aiming to boost self-reliance in the defence sector.
AI boom set to fuel data centre deals in Asia this year
The intense pace of deals in the world's most populous region comes as countries and companies respond to booming demand for AI, calling for more data capacity, industry executives said.
NHAI set to incorporate wayside amenities into design of highways
NHAI is targeting 1,000 wayside amenities over the next five years--one at every 50 km along national highways--against 600 envisioned earlier in partnership with the private sector, a senior government official told ET.
Supreme Court's stance on public-private partnerships raises governance questions
The Supreme Court's recent recognition of the fundamental right to be free from adverse impacts of climate change highlights broader questions about democracy and governance. The court's involvement in cases regarding private property rights and environmental protection underscores the need for a balance between capitalist interests and human rights. Issues such as fair redistribution of wealth, access to public resources, and governance for the common good are central to these debates. Ultimately, achieving good governance requires active participation and consensus-building among all citizens.
Healthcare needs tailored financing, knowledge and partnerships: World Bank President Ajay Banga
Healthcare needs tailored financing, knowledge and partnerships, says World Bank President Ajay Banga. He said, during and after COVID, financing for healthcare has increased but to make healthcare affordable and bring it to the reach of all, it needs knowledge and partnerships along with financing.
In 2024, there will be more funding for startups than last year: Sanjeev Bikhchandani
Sanjeev Bikhchandani, Co-Founder of Info Edge, explores the pivotal role of governance in sustainable companies, predicts a positive fintech revival, and envisions India's startup ecosystem driving towards a Rs 5 trillion economy. According to McKinsey, in the last 10 years, roughly 13% to 15% of India's GDP growth has come from the startup ecosystem. Bikhchandani thinks that is a conservative estimate.
Network Planning Group evaluates key infrastructure projects including Multi Modal Logistics Park in Maharashtra
The 67th NPG meeting assessed projects from MoRTH and MoR, including a Multi Modal Logistics Park in Maharashtra and a Broad Gauge line connecting Assam and Arunachal Pradesh. The meeting aimed to promote comprehensive regional socio-economic advancement in alignment with PM GatiShakti principles.
State-run IIFCL seeks infrastructure tag for space sector
State-run infrastructure financing firm IIFCL has proposed that the space sector should be classified as part of the infrastructure sector. IIFCL has disbursed around ₹18,000 crore in loans in FY24 and is providing transaction advisory services to India's premier space agency, ISRO. The government has reviewed the extant foreign direct investment (FDI) policy in the space sector and allowed up to 74% FDI under the automatic route in satellite manufacturing and operation, satellite data products, and ground and user segments.
AstraZeneca bets on licencing deals, public-private partnerships for India growth
British-Swedish drugmaker AstraZeneca is set to launch 15 new products in India from 2023 to 2025, focusing on oncology, cardiovascular, renal, and metabolic diseases, respiratory and immunology, and rare diseases. The company aims to expand access to its therapies through public-private partnerships, licensing deals, and tiered pricing. AstraZeneca's India business returned to growth in FY23 after a period of plateauing sales, driven by innovative molecules.
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