Lanka to use China's Maritime Silk Road for infra development
Source: PTI China and Sri Lanka will use the Maritime Silk Road, proposed by Chinese President Xi Jinping, to further infrastructure development in the island-nation, despite India's concerns about Beijing gaining strategic advantage in the Indian Ocean region through the initiative. "Sri Lanka reiterated its active participation in the Belt and Road Initiative put forward by China. The two sides will use the development of a 21st-Century Maritime Silk Road (MSR) as an opportunity to further advance infrastructure development," said a joint statement at the end of Lankan Prime Minister Ranil Wickramasinghe's four-day visit to Beijing. The MSR was part of the Belt and Road Initiative, proposed by President Xi Jinping in 2013 with a stated aim of reviving ancient trade routes. But many ...
Pre-Budget Expectations: 'Smart Cities need enough support for timely completion'
"The government needs to have a mechanism to ensure timely delivery of projects that ensures better ROI" The Dollar Business Bureau Ashish Tandon, MD, Egis India: Mr. Ashish Tandon, MD,Egis India Communicating to The Dollar Business Bureau, Ashis Tandon, expressed that, “The government needs to have a mechanism to ensure timely delivery of projects that ensures better ROI” TDB: What are your expectations from the Union Budget 2016 for infrastructure sector in general and for the sectors that you have a presence in particular like railway, road? AT: Egis is an integrated solutions provider in the engineering consultancy space. We have a very strong presence in Roads & Highways, Rail, Water, Ports, Aviation, Urban Planning and Development etc. So we are impacted by ...
India-Korea ties to spur maritime trade, energy, film sectors
The Dollar Business Bureau India and South Korea are likely to join hands to boost sea transport, energy and film industries of the two countries. Prime Minister Narendra Modi who began his five-day tour to Asian countries on Thursday is scheduled to visit South Korea on May 18-19. Modi is expected to sign a memorandum of understanding (MoU) with the Republic of Korea for cooperation in the fields of maritime transport and logistics. The MoU is aimed at enhancing cooperation through sharing of technologies, information and experiences, training of seafarers and port operation, a government statement said. The new agreement will also facilitate partnerships between the maritime transport and logistics-related companies of the two countries, development and management of ...
