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 ...
Cruise tourism can be a major growth driver for Indian economy, Gadkari
The Dollar Business Bureau The Minister of Shipping and Road Transport and Highways Nitin Gadkari has said that Cruise Tourism is one of the fastest growing components of the leisure industry worldwide, and can be a major growth driver for the Indian economy by generating huge employment opportunities. Gadkari was speaking at the National Workshop on “Action Plan for Development of Cruise Tourism in India”, in New Delhi on Tuesday. The workshop was also attended by Minister of State for Culture and Tourism Dr Mahesh Sharma, and representatives of all stakeholder organisations – both from the government and the private sector – including regulatory agencies which deal with issues impacting cruise tourism. Pointing out that tourism has the highest investment to employment multiplier Gadkari said that on an average, ...
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 ...
L&T Hydrocarbon bags orders worth Rs.4k cr
The Dollar Business Bureau L&T Hydrocarbon, fully owned subsidiary of Indian multinational Larsen & Toubro Ltd (L&T) has won orders worth Rs.4,000 crore in the foreign market. The construction arm of L&T has recently won Rs.1,725 crore worth of orders across two business divisions. “L&T Hydrocarbon Engineering Ltd, a wholly-owned subsidiary of Larsen & Toubro, has won orders totalling close to Rs.4,000 crore in the international market,” L&T said in a filing with BSE. In transportation infrastructure division, the company had won Rs.725 crore worth of contracts. “A procurement, engineering, and construction contract has been bagged from the Ministry of Road Transport & Highways for 4-laning of the section Wadpale to Bhogaon Khurd of National Highway 17 in the state of Maharashtra,” the ...
Major ports register cargo growth post demonetisation: Mansukh Lal
The Dollar Business Bureau Post-demonetisation, 12 main ports of the country have recorded a considerable growth in terms of cargo handled in the months of November and December by recording a rise of 11.2% and 12.7%, respectively. “Cargo handled by major ports after demonetisation have shown a growth in comparison to the same period last year,” Minister of State in the Ministry of Road Transport and Highways, Mansukh Lal Mandaviya, told Rajya Sabha in a written response. The Minister said 56.7 million tonnes of cargo was handled by the ports in month of December last year (growth of 12.7%) and registered 54 million tonnes cargo in the month of November (a growth 11.2%). During the April-October 2016period, these ports handled 370 million tonnes of cargo. In FY 2015-16, the major ...
Govt to develop economic corridors, logistics parks
PTI With an aim to boost ‘logistics efficiency’, the Centre is looking at developing economic corridors and also planning to come up with logistic parks on national highways, Parliament was informed on Monday. “Ministry of Road Transport and Highways got a study conducted on logistics efficiency enhancement. The report has made several recommendations including, inter alia, development of economic corridors, feeder routes and removal of choke points, along with development of logistics parks on national highways,” Minister of State for Highways Mansukh Lal Mandavia told the Rajya Sabha in a written reply on Monday. He said the recommendations have been accepted and the work of developing logistics parks at identified locations in partnership with state governments has been entrusted to National Highways Authority ...
NHAI to award Rs 1 lakh cr. worth highway projects in FY'17
The Dollar Business Bureau The National Highways Authority of India (NHAI) is likely to award Rs.1 lakh crore worth of projects for the construction of about 6,500 km of highways in this fiscal. “We should be able to award projects for about 6,500 km and costing overall package size for about Rs.1 lakh crore (in current fiscal),” NHAI Chairman Raghav Chandra told journalists on Wednesday. The focus of the government is to accelerate road construction and has taken a number of initiatives to enhance the pace at which the highways are constructed in the country. As part of the steps taken, the Ministry of Road & Transport last month directed all its departments to act speedily to resolve the disputes impacting the industry, including a ...
Gadkari to seek infra investment during his US visit
The Dollar Business Bureau India seeks American investments in innovative technologies for the development of its highways, road engineering and green fuels during the week-long visit of Road Transport and Shipping Minister Nitin Gadkari to the US. "Indo-US cooperation in the vital infrastructure sector will get a new impetus when Road Transport, Highways & Shipping Minister Nitin Gadkari holds official talks with his counterpart, US Secretary of Transportation, Anthony Foxx in Washington tomorrow (Monday)," Road Transport and Highways Ministry said in a statement. "Gadkari will highlight investment opportunities in the Indian maritime sector and invite US investments in ports, port-led industrialisation, coastal economic zones, and construction of new berths and terminals in existing ports, mechanization, ship building and ship repairing, among others,” the ...
