Mercedes-Benz to bring in BS VI emission models to India in 2018
The Dollar Business Bureau Mercedes Benz is planning to bring in BS VI emission compliant models into India in 2018. A press release to the media said that the company is also willing to forge partnership with oil firms for higher grade oil needed for these models. The car maker has already sought help from various ministries, including Ministry of Road Transport and Highways, which has asked them to get in touch with the oil and gas firms. "We would be ready as early as 2018. We could bring the first set of vehicles in 2018 into the country," Mercedes-Benz India Managing Director and CEO Roland Folger told PTI when asked about the company’s plans regarding launch of vehicles compliant with Bharat ...
India, UK to sign an MoU in transport sector
The Dollar Business Bureau India and the UK on Friday decided to sign a memorandum of understanding (MoU) in urban transport sector to cooperate in policy planning, institutional organisation and technology transfer. India’s Road Transport, Highways and Shipping Minister Nitin Gadkari, who is on a 3-day visit to the UK, concluded the bilateral cooperation agreement between the Transport for London (TfL) and India’s Road Transport and Highways Ministry, which would cover a broad range of solutions in transport mobility and related activities in urban settings. “The signing of the MoU will be completed through diplomatic channels shortly,” Gadkari said. During his visit to the TfL headquarters in London, a presentation was given to Gadkari on strategy & policy reforms, experience of customers and data analysis ...
Malaysia's CIDB to invest Rs.10,000 cr in Telangana
The Dollar Business Bureau Government of Malaysia's Construction Industry Development Board (CIDB) has shown interest to invest Rs.10,000 crore in the infrastructure projects in the state of Telangana. Minister for Industries K T Rama Rao has met Abdul Latif Hitam, the CEO of CIDB in Kuala Lumpur, Malaysia on Friday. He discussed the opportunities in Telangana infrastructure sector during his three-day tour to attract investments into the state. The CIDB, a statutory body under Malaysia’s Ministry of Works, promotes and facilitates the exports of Malaysian construction services. The CIDB board is interested to invest in infrastructure projects such as highways, urban mass transit, housing and other infra projects in Telangana. The board has already entered into an MoU with Rajasthan government for ...
Govt okays Rs.5,965 cr road projects in three states
The Dollar Business Bureau The government on Wednesday okayed three highways projects each in Maharashtra, Odisha and Punjab with a total implementation cost of Rs.5,965 crore. Prime Minister Narendra Modi on Wednesday chaired the Cabinet Committee on Economic Affairs (CCEA) meeting and approved the widening work of Angul-Sambalpur section of NH-42 (New NH-55) in Odisha, Aurangabad-Telwadi section of NH 211 in Maharashtra, and Phagwara-Rupnagar section of NH-344A in Punjab. "The Cabinet Committee on Economic Affairs (CCEA) has approved the development of four laning of Aurangabad-Telwadi Section of NH-211 in Maharashtra. The cost is estimated to be Rs 2028.91 crore including cost of land acquisition, resettlement and rehabilitation," Road Transport and Highways Ministry said in a statement. The work on this 87-km long route will ...
Govt to take up Rs.1.5 lakh-cr projects in Bihar
The Dollar Business Bureau Road Transport and Highway Minister Nitin Gadkari on Wednesday said the government would take up highways project worth Rs.1.5 lakh crore in Bihar. The Minister underscored that the government is committed to the package announced by Prime Minister Modi during the assembly polls in Bihar last year. “In our five years regime, we will do work worth Rs.1.5 lakh crore in Bihar. Whatever package the prime minister declared, that will be done,” Gadkari said. The total projects approved in Bihar by the Centre presently stand at Rs 60,000 crores. Bihar has 4,967 km of national highways, which includes the recently approved 2,100 km. The government is also planning to increase the length of highways by another 2000 km. 77 highway ...
Every village should be connected with a road: FM
The Dollar Business Bureau India’s Minister of finance, Arun Jaitley on Monday discussed about the Indian economy at a function hosted by the Asia Society in New York. Speaking on the topic, on "Made in India: The New Deal, he commented on the global economy situation and said, " “it is grim and worrisome and what will be the state of play a year or two years from now, I don't think anybody has been able for sure to hazard even a significant guess.” Jaitley also shared the Indian government’s strategy pertaining to road and highways before senior officials of the US Govt. “Almost 233 highways are under construction and that will only indicate the magnitude of the economic activity, we already reached about 20-21 km a ...
Union Budget 2016: Rural population to benefit the most'
The budget has announced a 28% jump in the funds for the rural transformation, allocating the Rs.38,500 crore for the MGNREGA The Dollar Business Bureau Union Finance Minister Arun Jaitley during an interactiion with media persons post Budget release in New Delhi on Monday The Union Budget 2016-17 focuses on the improvement of the farmers lives and boost the poor and boosting the rural economy with plans to double the income of farmers income. In a post budget speech, Finance Minister Arun Jaitley said, After several years we have reached a position where the actual developmental expenditure will exceed the budgetary estimates. The Budget has also announced measures for the small tax payers, which the Finance Minister said would benefit more than two crore ...
National Waterways will greatly help the North Eastern region
The Dollar Business Bureau “The decision of the Centre to have additional 101 Inland Waterways as National Waterways will greatly help the North Eastern region,” said Union Minister of Road Transport and Highways Nitin Gadkari. The minister made this statement while dedicating to the nation two major Highway projects in the North East at a function near Shillong, reported a PIB release. The projects considerably ease the travel from Guwahati towards Shillong and other parts of the North East. These include Shillong Bypass and four laning of Jorabat-Barapani Section of NH-40. Gadkari said that the Government will award Rs. 15000 Cr worth of projects to the North Eastern states this year and the Centre is committed to the development of ...
