Prior to this, the Environment Ministry on August 31 also amended the Forest Conservation rules to create an exclusive category for critical and strategic minerals to fast-track forest approvals for such projects.
Karnataka’s Minister for Large and Medium Industries MB Patil said the maximum time for granting approvals for industries will be reduced from 300 days to a maximum of 100 days.
The government also notified rules for using electric poles, foot over bridges etc for installation of small mobile radio antennas or laying overhead telecom cables.
As many as 35 per cent developers confirmed that approvals are still not regulated and 32 per cent of the respondents felt an absence of the regulatory framework to keep a check on prices of raw materials.
Credai asks the ministry of housing to enhance India’s standing in granting construction approvals and provide appropriate means for land financing to construct affordable houses
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Chemfab Alkalis posted a stellar set of numbers for Q1 of FY17. In an interview to CNBC-TV18, VM Srinivasan, Chief Economic Officer of Chemfab Alkalis spoke about the results and his outlook for the company.
The enactment of the Real Estate (Regulation and Development) Act 2016, is expected to provide a fillip to the real estate and construction sector and improve ease of doing business in the country.
Government has done away with additional layer of approvals as well as removed ambiguities in the provisions while further opening doors for foreign investments in nine sectors, Finance Secretary Ashok Lavasa said on June 22
Andhra Pradesh Chief Minister Chandrababu Naidu says the state is targeting giving all approvals to industry in 21 days and hope to rank number one in the Ease of Doing Business list.
HOEC plans to focus on developing gas fields going ahead. P Elango, managing director, says the environment approval process for the Assam field has begun.
Pharma major Glenmark says the operating environment is challenging given the slowdown in India and longer time taken by the US drug regulator for product approvals. It is expecting a 20 percent revenue growth in FY14.
Shares of Claris Lifesciences hit a new high on Tuesday after the company said US Food and Drugs Administration has formally lifted a ban on its products, which was imposed in 2010 due to manufacturing quality issues at its plant. This will now allow the Ahmedabad-based company sell its drugs in the United States.
Pharma company Lupin's consolidated net profit for the third quarter rose 5% year-on-year at Rs 235.1 crore as strong sales growth was offset by higher tax expenses.
Strides Arcolab received a nod by the US FDA for an Oncology unit in Bengaluru. Arun Kumar, group CEO and vice chairman of Strides Arcolab, in an exclusive interview with CNBC-TV18 shares that the company expects approvals on approximately USD 4-5 billon product filings in the next few weeks.