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Sunil Jain: Throwing money at the problem
India has a huge infrastructure problem and the solution so far appears to be to throw more money at the problem, without much effort to fix the core issues. A McKinsey analysis suggests India could lose up to around 10 per cent of GDP in the year 2017-18 due to shortage of infrastructure. While this is not a startling result, what is worrying is that the quality of expenditure has gone down with more money being spent. So, in the power sector, actual expenditures have fallen from 75 per cent of those planned in the 9th Plan period to a mere 58 per cent in the 10th one — roughly speaking, the 9th Plan was the NDA period and the 10th Plan the UPA’s first term.

'Reliance not cooperating in mill takeover'
The Mukesh Ambani-led Reliance Industries (RIL) is not responding positively in connection with the contract awarded to it for revival of the closed sugar mill at Motipur in Bihar"s Muzaffapur district, according to state Industry minister Gautam Singh.

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M J Antony: Heartless against faceless
M J Antony / New Delhi October 14, 2009, 0:01 IST
Business Opportunities

Big Cinemas crosses global milestone of 500 screens

Big Cinemas, a division of Reliance MediaWorks and a member of the Reliance ADA Group, said it has crossed the global milestone of 500 screens with the opening of its newest multiplex in Malaysia. - BIG Cinemas to add 100 more screens - Big Cinemas strengthens presence in Saurashtra - BCCI opens bidding for 10-yr IPL theatre rights - Michael Jackson film is a sellout - Gujarat firm setting up windfarm at Tiruneveli - Adlabs reorganises BIG Cinemas operations In a little over three years, Big Cinemas has established 240 screens across 75 cities in the country and besides, has more than half of its screens in 40 cities outside India covering the US, Malaysia and the Netherlands, a release said here today. Following the Anil Ambani-led R-ADAG acquiring controlling stake in Reliance MediaWorks in 2005, Big Cinemas has witnessed a compounded annual growth rate of 100 per cent in the scale of its operations, the release said. Reliance MediaWorks Chief Executive Anil Arjun said "hitting the historic milestone of 500 Big Cinemas screens worldwide is hugely significant. This expansion underscores our attempts to build scale, quality, innovation and pioneering formats which improve the movie-going experience for audiences the world-over." While domestic expansion would be a thrust area for the company, it would also continue to expand its global footprint, Arjun said. The company is now proposing to scale-up Big Cinemas" network with plans to add a further 100 screens over the next year, the release said.


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