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Deepak Parekh Signals India Inc's Impatience, Says PM Modi Has Had 'Lucky 9 Months'

So we shuld ignore what a business leader with close to 50 years in Indian Banking in saying? Because we know better then him? Or maybe coz he's blind to what we call modi's accomplishments?
Empty talk, many links have been posted here to show that a lot is being done even as we speak.

I have put a lot of evidence of things being done in the coal sector and if you think coal has nothing to do with economy then you know you are an A$$
 
Give us some facts dude.

Blindly going for that guy wont work...

Facts, proofs these are the basic things....

"The because he said so" thing aint work..

Use google, come back with facts... hard facts that can hit Modi and his policies.

'That GUy' is one of the Most important busiess leaders in this country. DO you know what his stature is? Plus, as pointed out over the last few months others like L&T CFO have also come out.
 
Empty talk, many links have been posted here to show that a lot is being done even as we speak.

I have put a lot of evidence of things being done in the coal sector and if you think coal has nothing to do with economy then you know you are an A$$

Yeah, some random guy called samant K is putting up links that's gonna cut down the opinion of Parikh.
 
Yeah, some random guy called samant K is putting up links that's gonna cut down the opinion of Parikh.
And one guy puts up statements that zero is being done, twisting the title to suit his hatred.

The other knowledgable guy has commented on ease of doing business which is just one thing which benifits the economy and not the only thing.
 
Anyway @SpArK I'm out of here.
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I glad he is taking his time. Patience is a virtue. He is going about this in a highly calculated way. There are so many problems and issues in the way things have been handled in India for so long. 9 months may sound like a long time, its peanuts when it comes to bringing about real change to India. Some of those months he had to consolidate elections in every state for parliament.


After seeing how the last party was going about in business matters...I say all the time you need. India Inc doesn't want to wait, then it can piss off. Those who wait will reap rich rewards.
 
'That GUy' is one of the Most important busiess leaders in this country. DO you know what his stature is? Plus, as pointed out over the last few months others like L&T CFO have also come out.

So what ? ......His stature,who or what he is completely Irrelevant
 
Will accomplish in five years what has not been done in the past 25: Nitin Gadkari - The Economic Times

Nine months into his term as road transport, highways and shipping minister, Nitin Gadkari is brimming with ideas — from generating innovative ways of funding highways and using rotten vegetables, sewage water and algae to create bio fuel to offering advice to Delhi chief minister Arvind Kejriwal on how to produce cheaper power.

What would you list as your top three achievements and your top three disappointments in your tenure so far?

When I took charge of my department, around Rs 3,80,000 crore worth of projects were stuck due to forest and environment clearance, land acquisition problems, rail bridges clearance etc. We were facing very serious problems. For instance, at the Delhi-Jaipur highway only 22 of the 74 flyovers were made. Contractors had left. We then called the banks and studied each and every project. Bankers lent the money to contractors through us.

Now there are 56 flyovers on the stretch. We have cleared 80 projects worth Rs 1,40,000 crore. There are around 40 projects which we have terminated involving several big companies. Around 26-40 projects still remain where we are yet to figure out a solution with cabinet and finance minister's approval. We have moved a cabinet note and we should be able to clear around 20-25 projects. We will consult the Prime Minister and finance minister to find out a solution for the remaining projects. I can tell you that in three months I will have zero percent problems.

By and large, the sector is in better shape now. When I started, we were averaging 2 km per day of road construction. By March 2015, it would be up to 15 km per day and in the next two years we will achieve the 30 km per day target. This year we targeted award of 7,000 km of roads. We should be able to achieve up to 8,000 km, which was my target by March.

What are your expectations from the budget?

My work does not get impacted by budget. I do depend on the budget but even if it gets doubled from Rs 27,000 crore to Rs 40,000 crore, I still have to do Rs 5 lakh crore worth of projects. My model is to get capital investment from different sources. Firstly, for projects in PPP (public private partnerships), we have figured a solution in the hybrid annuity model where 40 per cent investment will come from us and the remaining 60 per cent will come from the private developer. The risk will be ours in terms of annuity payment and traffic density. We will do a tripartite agreement with the banks. We can do around Rs 50,000 crore of projects through this route.

There are a few more models we are working on, some are awaiting approval from cabinet and the finance ministry. We haveRs 10,000 crore toll income in NHAI which will go up to Rs 2 lakh crore in the coming 15 years. I can securitise this income in any bank and get up to Rs 1,40,000 crore.

There are projects over Rs 2 lakh crore which are viable on PPP model and have good internal rate of return. Fourthly, NHAI (National Highways Authority of India) is allowed to raise infrastructure bonds up to Rs 50,000 crore in the Indian market. We have shown our intention to use pension funds for infrastructure. We are also working on a new model at the departmental level. The 12 major ports and the Shipping Corporation of India can use their dollar-denominated earning, which is around Rs 3 lakh crore. We have consulted banks and retired officers of RBI to start an instrument for our shipping, inland waterways and roads to raise dollar loans. It will not require any hedging and the interest rate will be much cheaper. At a global level, big capital investment companies, pension funds, two of them, have sought a meeting with me to discuss investment opportunities in India.

Are we shifting completely toward cement roads?

Cement is indigenous and bitumen is imported. Cement roads don't require any maintenance for 50 years. It is cheaper than bitumen by 10-12 per cent. We are also trying to use oil slag in road construction. We have plenty of oil slag. I am also trying to bring a road code. We also want to put optic fibre cable, transmission lines, gas pipeline alongside the roads.

From Delhi to Gurgaon we want to bring a ropeway system with a capital cost of Rs 40-50 crore. It can carry five people at a time. People from Nasa, New Zealand and Israel are investing in this venture. Advertising is also another area we are trying to address with IRC (Indian Roads Congress). We now have etolling with ICICI and Axis Bank. It will give us revenue of Rs 50 crore.

We are talking about e-tolling, securitization of toll earnings on one hand and detolling on the other...

We are not thinking of removing the toll altogether. There is a thought process to bring an e-governance, computerize toll collection. Now we have to see what to do with the existing toll policy. But I am thinking of a way that will benefit maximum number of people. We will take a decision on this and consult cabinet very soon.

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