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Agriculture is once again the hottest political issue in the world's biggest democracy with prime minister Manmohan Singh's Cabinet deciding to adopt a new subsidy programme in April in hopes of replenishing the soil. India’s Green Revolution matters enormously to its future and any setback could affect the country’s position as a driver of global growth and a significant commercial power in coming decades.
Rajiv Lall, chief executive of Infrastructure Development Finance Corportaion Ltd, believes that Indian borrowing to build power infrastructure has rebounded and is likely to expand rapidly.
State run KPCL and engineering giant L&T sign a joint venture agreement to build two coal-based thermal power units at Godhna in Chhattisgarh.
State-owned power generating company Karnataka Power Corporation Ltd (KPCL) and engineering giant Larsen & Toubro today signed a joint venture (JV) agreement for the 1,600MW (2X800MW) coal-based thermal power project at Godhna in Chhattisgarh, reports PTI.
"Most of the clearances have been obtained and land acquisition (in Chhattisgarh) is in progress," chief minister BS Yeddyurappa said at the signing ceremony, attended by L&T chairman and managing director AM Naik.
KPCL officials said the Chhattisgarh government has allotted 1,260 acres to KPCL for the project.
The chief minister said the Karnataka government is not blessed with coal, gas or oil and so the government took initiatives to approach coal-rich Chhattisgarh to put up a super-critical (energy efficient and environment-friendly) thermal plant there.
Mr Naik said L&T is in discussions with the Karnataka government to participate in various infrastructure projects in the state.