Japan-India Coordination Forum to steam ahead with infrastructural projects in the North-East
The Dollar Business Bureau The first meeting of the Japan-India Coordination Forum (JICF) for Development of North-Eastern Region was held at Delhi. This is a part of the Indo-Japan strategy to contain China’s marauding moves in the region. The JICF is being set up to focus on connectivity, road development, especially inter-State roads and major district roads, disaster management, food processing, organic farming, and tourism. The Secretary, Ministry of Development of North-Eastern Region (DoNER), Naveen Verma led the Indian side while the Japanese delegation was led by the Japanese Ambassador to India, Kenji Hiramatsu. Senior Officers of the Ministry of Home Affairs, External Affairs, Department of Economic Affairs, and line Ministries of Government of India including Road Transport & Highways, Agriculture, Power ...
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 ...
Canada to come up with trade ventures in North East
Sai Nikesh | The Dollar Business The Canadian High Commissioner in India, Nadir Patel, on Monday, expressed the Government of Canada’s interest to work in collaboration with India in various areas of interest. The Ambassador accompanied by two NRI Canadian entrepreneurs Mukund Purohit and Vikram Khurana, called on the Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER) and discussed some possible joint ventures of mutual interest for both the economies. Appreciating India’s rapid development in space technology, the Canadian official also referred to the country’s reported plans towards development of capability for heavy and high throughput satellites. The Ambassador expressed the Canadian scientists’ eagerness to share technical know-how with the ...
Make in Northeast will be an integral part of Make in India: PM
The Dollar Business Bureau "Make in Northeast" was being envisaged as an integral part of "Make in India” said, Narendra Modi, Prime Minister of India. Modi was inaugurating the Festival of Arunachal 2015 and released a souvenir to mark the 29th Statehood Day of Arunachal Pradesh and laid the Foundation Stone of a 132 KV Transmission Line. The Prime Minister emphasized that poor connectivity was the biggest reason for under-development in the north-east, and these projects would contribute to improving connectivity. The Prime Minister spoke about the immense hydropower potential of Arunachal Pradesh. He gave examples of how Nepal and Bhutan were harnessing hydropower to transform their economy, and how Himachal Pradesh had done the same for India. ...
ADBs $50 mn loan to boost power generation capacity in Assam
The Dollar Business Bureau The Narendra Modi Government’s efforts to develop North-East region in terms of connectivity and trade got a major boost with the The Asian Development Bank (ADB) and the Government of India signing a $50 million loan agreement on Friday, for the second Assam Power Sector Investment Program which aims to build up the capacity of power generation and distribution systems to meet the growing energy demand in the state of Assam. So far ADB has supported Assam’s power sector since 2003 with five loans totalling $450 million, which have helped the State enact key reforms and improve transmission and distribution systems. The new loan will further support Assam to increase capacity and efficiency of power ...
Developing roads in North-East and Border Areas critical for trade: Nitin Gadkari
The Dollar Business Bureau “Developing roads in North-East and border areas is government’s priority,” said The Union Minister for Road Transport, Highways and Shipping, Nitin Gadkari. Launching the logo and website of National Highways and Infrastructure Development Corporation Ltd (NHIDCL), the Minister said that NHIDCL will be an instrument for creation and management of infrastructure of the highest standard in the country with focus on the North-East and border areas and contribute significantly towards nation building. He further added that every road should be economically viable and, therefore, his ministry has been trying to address the problems in land acquisition, environment clearance and rail bridge construction. “The regional connectivity so enhanced would promote cross border trade and commerce and help safeguard ...