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Henoko project 'unlikely' to be completed, says U.S. think tank : The Asahi Shimbun


Reclamation work is under way off the Henoko district of Nago, Okinawa Prefecture, to build a new facility to take over the functions of the U.S. Marine Corps Air Station Futenma in Ginowan, also in the prefecture. (Asahi Shimbun file photo)
A long-running saga over costly land reclamation work for a new U.S. base in Okinawa Prefecture took another twist after a prominent U.S. think tank researcher said the project is “unlikely” to ever to be completed as planned.
The project to relocate the U.S. Marine Corps Air Station Futenma in Ginowan to the Henoko district of Nago, both in Okinawa Prefecture, has been plagued by repeated delays and alienated residents of the southernmost prefecture who vociferously complain they shoulder an unfair burden in hosting 70 percent of all U.S. military facilities in Japan. ....

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PLI to drive capex in industrial sectors by 40-45 % in FY22: CRISIL report


Capital expenditure in industrial sectors is expected to rise 45-55 per cent in financial year 2021-22 as the economy gains from a government s scheme to boost productivity, said a report by Crisil Research on Tuesday.
The India Outlook Report expects gross domestic product (GDP) growth to be at 11 per cent in fiscal 2022, after an estimated 8 per cent contraction this fiscal. The next fiscal, like the current, will have a low base “optical” growth in the first half and a rebound in the second.
The capex rise in pharmaceuticals, chemicals, textiles, cement, auto and ancillary, metals and oil and gas will come on the back of a 35 per cent contraction in capex in the current fiscal. It will be driven by core sectors and the government’s productivity linked incentive (PLI) scheme. Led by the oil and gas, that accounted for 30-32 per cent, close to 16000 manufacturing companies spent Rs3-3.5 trillion on capex annually over the past three years. ....

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