COAI raises concerns over PMA norms

COAI raises concerns over PMA normsThe Cellular Operators Association of India (COAI), the industry lobby representing GSM operators, has raised concerns over the draft Preferential Market Access (PMA) norms.

The COAI said that the proposed PMA policy, which gives preference to domestic electronic & telecom networks gear manufacturers and mandates a minimum 30 per cent local sourcing of all components, would hamper the industry's growth.

Govt. approves re-bidding for two rail projects in Bihar

Govt. approves re-bidding for two rail projects in BiharThe Cabinet on Wednesday approved re-bidding of two rail projects in Bihar that were stuck in bureaucratic hurdles for almost three years.

The government has plans to set up a diesel locomotive factory and an electric locomotive factory in Marhowra and Madhepura, respectively.

The projects were announced by former Railway Minister Lalu Prasad Yadav in the year 2007. The two projects combined will cost an estimated Rs 3346.15 crore.

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