MUMBAI, Nov 13 (Reuters) – Hindustan Construction
Company, one of India’s largest builders, will revamp
the financial structure of its Lavasa arm and decide whether to
revive plans for an IPO after the unit won environmental
clearance last week to resume construction after a year’s delay,
its chairman said.

Lavasa, a $31 billion township in India’s western hills, was
ordered to stop construction 12 months ago due to government
wrangling over green laws. The delay cost Hindustan Construction
$400,000 a day and forced the firm to abandon plans for an
initial public offering for the project.

MUMBAI (Reuters) – From chip plants to research parks, India must invest in an electronics manufacturing base to sate the swelling demand for smartphones, laptops and other gear or risk an import bill larger than for oil, a top adviser to the prime minister said.

Information technology and services may have powered India to be one of the world’s fastest-growing major economies, but manufacturing accounts for just 16 percent of output, roughly half of the share in China and far behind India’s targeted 25 percent over the next decade.

MUMBAI, Nov 13 (Reuters) – From chip plants to
research parks, India must invest in an electronics
manufacturing base to sate the swelling demand for smartphones,
laptops and other gear or risk an import bill larger than for
oil, a top adviser to the prime minister said.

Information technology and services may have powered India
to be one of the world’s fastest-growing major economies, but
manufacturing accounts for just 16 percent of output, roughly
half of the share in China and far behind India’s targeted 25
percent over the next decade.

NEW DELHI (Reuters) – India’s most powerful politician, Sonia Gandhi, has canceled what would have been her first public address since undergoing surgery for an undisclosed illness, highlighting speculation about her ability to run the ruling Congress party.

Gandhi was due to appear at the Wednesday rally in the northern state of Uttarakhand against a backdrop of mounting media speculation that she might be about to hand the reins of power in the Congress party to her son, Rahul.