The finance ministry is drawing up a two pronged strategy to boost infrastructure investment. Infrastructure debt funds and India Infrastructure Finance Company will take over some projects in debt-laden sectors, such as power, by acquiring their loans from banks. According to estimates, more than `1 lakh crore is locked up in delayed payments in the infrastructure sector. A uniform stamp duty, which has been in the works for nine years, will be given a push in keeping with this objective.
The steel plant of National Mineral Development Corporation (NMDC) at Nagarnar is likely to become operational by next year. The plant would be the second public sector plant of the Union government, after Bhilai Steel Plant (BSP). With the completion of the plant, the economic development of the tribal dominated Bastar region would get a boost. The chief minister has demanded that raw iron be provided to steel units.
Kalpataru has unveiled two world class club houses at its two projects, Kalpataru Harmony and Kalpataru Splendour, at Wakad and Hinjewadi respectively. Kalpataru Harmony is been designed to strike a harmonious balance between luxury and nature. Similarly, Kalpataru Splendour is situated in close proximity to Hinjewadi IT Park. Kalpataru Group has complemented the growth by scaling up construction from mid-income housing to premium and super premium category.