Govt to extend support to promote cruise tourism
The Dollar Business BureauReviewing the operations of Cochin Port Trust, Minister of State (MoS) for Road Transport, Highways and Shipping Pon Radhakrishnan said the ministry will extend adequate governmental support to promote cruise tourism. Radhakrishnan also appreciated the steps taken by Cochin Port to install RFID-based Gate Access System and online berth allotment system to facilitate trade and enhance efficiency, an official announcement said. The MoS also noted that the waiver of penal interest has helped to enhance the creditworthiness of Cochin Port, while allowing it to pursue new projects. Expressing interest in promoting the cruise tourism activities of Cochin Port, Radhakrishnan gave his nod for the new cruise terminal project at Ernakulam wharf, which envisages to accommodate cruise vessels in a manner akin ...
Adani inks MoU with L&T to acquire Kattupalli Port
The Dollar Business Bureau Adani Ports and Special Economic Zone (APSEZ) through its subsidiary Adani Kattupalli Port Private Limited (AKPPL), on Monday, entered into an agreement with L&T Shipbuilding (L&T) to acquire the latter’s Kattupalli Port in Tamil Nadu. The strategically-located port has the potential to become the biggest trans-shipment hub in the region. The two operators are waiting for the necessary approval from the government of Tamil Nadu as well as the central government for completing the acquisition process. “The Kattupalli agreement is yet another step by us to continue to enable the development of the port infrastructure that is critical for our country. The Kattupalli port is a strategic complement to our Ennore Container terminal which is getting commissioned ...
Production of crude oil, natural gas fall short of target for FY2014-15
Source: PIB, Government of India. Production of crude oil, natural gas and up gradation of highways have shown shortfall from the respective targets for the financial year 2014-15, showed a government data. Production of power, finished steel, coal, fertilizer, refinery, cement, goods traffic carried by railways, cargo handled at major sea ports, airports and net addition in telephone switching capacity and new cell phone connections were all higher than the achievement during the corresponding period of the previous year. The overall power generation during the period April 2014-March 2015 at over 1110 Billion units (BU) was 8.85% higher than the power generation during the corresponding period of the previous year. The production of power – thermal (878.32 BU), nuclear (36.10 BU), ...
