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Monday, January 12, 2009

Government Announces Rs 1,000 Bn Investment in Infrastructure

After it announces generating profit from seaports

The government came out with two separate announcements relating to infrastructure industry. The government announced that it has made a profit of US$ 577.4 mn out of revenue through its 12 major ports across the country during 2007-2008. it achieved stupendous growth of 159.8% over the period of last three years.

After pronouncement of its own achievements in the infrastructure sector, government announced to invest Rs 1,000 Bn in infrastructure projects in next 100 days. The Union Minister of State for Industry, Dr Ashwani Kumar, declared the government’s intention to invest in infrastructure projects not only to boost the economy but also to indirectly safeguard the jobs in infrastructure and construction sector.

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