India to trial run freight train from Dhaka to Istanbul
The Dollar Business BureauTaking a leaf out of China’s book, India is currently exploring the possibility of operating a transcontinental rail freight service linking Bangladesh with Turkey, covering a total of 6,000 km journey through various countries - Bangladesh, India, Pakistan, Afghanistan, Iran and Turkey. A high-level delegation consisting of railway officials, policy makers from nine South Asian and South-West Asian and Central Asian, along with representatives from several international and regional organisations, as well as the private sector will meet in New Delhi to contemplate upon the opportunities and hurdles of this ambitious connectivity project. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in collaboration with the Indian Railways Ministry has organised the meeting, ...
Foreign Direct Investment up 35% post-make in India: Govt
Himanshu Vatsa | The Dollar Business After the launch of Make in India, the inflow of foreign direct investment (FDI) has grown by 35% and the country has attracted substantial investment from overseas in various sectors, a top government official said on Thursday. The Prime Minister Narendra Modi-led government had launched the ‘make in India’ initiative in September 2014 with an aim to turn the country into a manufacturing hub. Several measures have been announced since then to push the manufacturing sector by attracting private investors from within the country and abroad. “The foreign direct investment in the last 17 months vis a vis the figure of the 17 months of the previous year has grown by 35%,” said Amitabh Kant, ...
Freight corridor to reduce traders transaction cost, spur exports
The Dollar Business Bureau Upcoming dedicated freight corridors, linking various parts of India, will enhance export competitiveness of traders across the country by reducing traffic congestion and transaction cost. The government has formed a company - Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) – to develop a mega commercial railway corridor by 2017. According to experts, the step has strategic importance for the Indian government to regain railways’ lost freight share, decongest existing passenger lines, and accelerate industrial growth. Despite having the world’s largest railways network with 115,000 kms of track route, Indian Railways’ share in freight movement declined from 86% to 35.5% in the last 50 years. The upcoming freight corridor project is expected to give impetus ...
