CENTRE PLANS TO OPEN UP TOURISM

Article Abstract:

The Government of India plans to permit the entry of private domestic and foreign companies in the tourism sector. It plans to increase the automatic approval limit for foreign direct investment in hotels and restaurants from 51 percent to 74 percent. It proposes to accord export house status to the tourism industry. Travel and tour operators will get all the incentives available to export houses. The government plans to encourage non-resident Indians to invest in low budget hotels to be set up on railway land. (gs)

Lodging & Tourist Services, Accommodation, Travel industry

---

RAILWAYS TO HAVE STAKE IN ALL REFINERY PROJECTS

Article Abstract:

Indian Railways has received permission to pick up stakes in all the proposed refining projects. From now, the railways will be offering land leases for underground pipelines for all the projects coming up in the private, public and the joint sectors. The move is aimed at facilitating complete utilisation of the capital assets of the railways and helping the refining companies to spend on the pipeline only when extra capacities are needed for transporting POL. (ag)

Comment:

Gets permit to pick up stakes in proposed refining projects & to offer land leases for underground pipelines for all projects

Railroads, Rail Transportation, Article, Indian Railways Commercial Organization Network

---

Similar abstracts:

• Abstracts: MACLELLAN TO MAKE INDIA BASE FOR ASIA OPERATIONS. MCDONALD'S TO EXPAND INDIAN OPERATIONS
• Abstracts: INDOCEAN TO INVEST $250 M MORE IN INDIA. VENTURE CAPITAL TO BE PUT ON PAR WITH MFs FOR IT
• Abstracts: SBI PROPOSES TO UNDERWRITE FULL PSU DIVESTMENT SCOTIABANK TO SET UP SDC IN BANGALORE. MINISTRY RECOMMENDS 40% DIVESTMENT IN PAWAN HANS
• Abstracts: STATE-WISE AREA AND PRODUCTION OF COCONUT CASTOR, CASTOR, RUNNING FASTER
• Abstracts: TEC GOES FOR RETAIL POWER DISTRIBUTION PAK TO EXPORT 300 MW OF POWER TO INDIA

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.