To achieve 5% world share, Indias exports need to grow at 26%: Report
The Dollar Business Bureau India’s exports must grow at an average rate of more than 26% in the next five years, if the country wants to achieve the ambitious target of 5% share in world exports, according to a study. “However, this would require enhancing product competitiveness, which needs that the infrastructure for trade to be improved including ports infrastructure,” suggested a report ‘Port Logistics: Issues and Challenges in India’ by research firm Dun & Bradstreet. This and several other measures, including ensuring transparency in charges collected by shipping lines and creating a common digital platform, in order to strengthen port logistics and improve trade, recommended by Dun & Bradstreet in its study has been handed over to Commerce & Industry Minister Suresh ...
Govt. for supportive infra to inland waterways, port sector
The Dollar Business Bureau In the Union Budget 2016-17, the government has given a clear emphasis on improving the country’s infrastructure by giving a major impetus to all forms of transport infrastructure. Encouraged by the country’s port’s cargo handling performance last year, the government ensured that it made sufficient provisions to improve port infrastructure, as a step to woo the industry. As a part of such move, the Ministry of Shipping on Thursday informed about a few decisions that were taken in this regard. The Ministry informed that it has created a supportive infrastructure to the Cochin port, owing to its connectivity to international shipping centres (located around 50 nautical miles from the international shipping routes between Europe and Far East ...
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 ...
