The Mumbai skyline sparkles during Diwali, the festival of lights. Photo: Rob Elliott/AFP/Getty Images
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9. GREAT INFRASTRUCTURE, AND A HELPING HAND:
$12 billion Highways Development Programme. Over 13,000 Kms of Highways being developed.
The Electricity Act, 2003 in place to facilitate reforms in power sector. Permits trading in electricity, captive generation freed from prior approval.
Upgradation of airports at New Delhi and Mumbai.
‘Sagar Mala,’ a major programme aimed at developing ports and shipping sector at an estimated investment of $22 billion.
Major advances in telecommunications sector. Bandwidths of terabit available. Sharp decline in telecommunications costs.
Foreign Investment Implementation Authority helps solve foreign investors' problems. It meets periodically with investors to sort out operational difficulties and facilitates implementation.
An Empowered Sub-Committee of the National Development Council set up on creating an investor friendly climate and removing regulatory barriers to investments.
Modernisation of legislations on intellectual property. All IPR Laws are TRIPS compliant. Intellectual Property Appellate Tribunal functional.
Simplification and re-engineering of work procedures.
More information on www.ipindia.com
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