Search Result for : Ports

The Maharashtra government will set up a separate pavilion to showcase 'Magnetic Maharashtra', where meetings will be held with investors Source: PTI Maharashtra expects huge investment in sectors like automobile, electronics, ports and textile.   Maharashtra expects an investment of Rs.4.6 lakh crore across sectors like ports, industries and textiles during the 'Make in India' week starting on Saturday. The summit will be inaugurated by Prime Minister Narendra Modi on Saturday. The state government will set up a separate pavilion to showcase 'Magnetic Maharashtra', where meetings will be held with investors. An official from the Chief Minister’s Office claimed the government expects an investment of at least Rs.4.6 lakh crore as the state industries department is doing “sincere hard work to bring ...

Governments' top priority is to develop its 1,300 islands and 218 lighthouses to attract tourists, said Nitin Gadkari, Road Transport and Highways Minister Source: PTI The government is also promoting waterways and hopeful of getting Parliament nod on the Bill to convert 111 rivers into waterways, which is a much cheaper mode of transport   Union Minister Nitin Gadkari has invited investors from the US to tap the potential of seaplanes in the country, a move that will boost the tourism sector. Promising early approvals, Road Transport and Highways Minister Gadkari said this is an era of innovation which could change the face of the country, be it science and technology or agriculture. We want to encourage seaplanes. A small nation like Maldives has a ...

The Dollar Business Bureau India and Bangladesh have agreed to operationalize their bilateral agreement on coastal shipping, which will enable the two countries to save logistics costs of export and import. The Standard Operating Procedure (SOP) agreement was signed in New Delhi on Sunday between the Joint DG (Shipping) from Indian side and Chief Engineer and Ship Surveyor, Department of Shipping, Bangladesh. The coastal shipping agreement was signed between the two countries in June this year. India’s Shipping Minister Nitin Gadkari who was present during the signing of SOP said that once it is operational, the agreement will enable a huge saving in logistic costs of EXIM (export-import) transport between the two countries. “The SOP has been framed as per the ...

Source: PIB, Government of India The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval on Wednesday for signing of an agreement between India and Egypt on maritime transport. Recognizing the significant mutual benefit that can be derived from cooperation in the area of shipping between the two countries, it has been decided to sign the agreement with a view to strengthening cooperation and to render sustained mutual assistance and advice on merchant shipping and other related maritime matters. The agreement would be signed on a mutually convenient date and venue. Signing of the agreement will help both countries to encourage and facilitate the development of their maritime relationship and cooperate in the task of enhancing and stimulating ...

The Dollar Business Bureau Prime Minister Narendra Modi (L) with Vice-President and Prime Minister of UAE, HH Mohammed bin Rashid Al Maktoum (R), at Za’abeel Palace, Dubai, on Monday.   The United Arab Emirates (UAE) will increase its investment in India to $75 billion and the two countries have agreed to enhance the bilateral trade by 60% in the next five years. At present, the India-UAE trade is estimated to be around $60 billion and the gulf country’s investment in India is around $8 billion. Prime Minister Narendra Modi met Crown Prince Mohamed Bin Zayed AI Nahyan in Abu Dhabi on Monday. “The two leaders agreed to further promote trade between the two countries, and use their respective locations and infrastructure ...

The Dollar Business Bureau The government should regulate the import of natural rubber during peak season through designated ports and must ensure quality check to protect the domestic industry, a parliamentary panel has said. “Imports should be need based and the quantum of imports may be determined on the basis of the gap between the domestic production and consumption,” said the parliamentary standing committee in its report presented in the parliament on Thursday. Expressing concern over steep fall in the price of natural rubber, the panel asked for an immediate intervention from the government. “Unless the necessary measures are taken, there is a possibility of growers shifting to other crops,” it said. The panel also took note of the challenges faced ...

Himanshu Vatsa | The Dollar Business The Uttar Pradesh government is likely to bring a new policy to encourage small entrepreneurs and promote exports, Bhagwat Saran Gangwar, Minister of State for Micro Small and Medium Enterprises (MSME) in the state government, said on Tuesday. “We had a consultation with export associations and industrialists and discussed various issues. Based on information provided by them, Uttar Pradesh government has incorporated all the relevant subjects in a new policy to benefit exporters. The government is soon to bring a separate export policy to provide all kinds of support to exporters in the state,” Gangwar said at a seminar on ‘Energising Entrepreneurs for International Trade’ held in Noida, UP. The minister said that his government ...

Aadhira Anandh | The Dollar Business Country’s 13th largest port with an investment of 6000 crores is soon to see its place in Dahanu, Mumbai, on a fully reclaimed land and the project is expected to be completed over the next 3 years. The proposed port is situated 4.5 nautical miles off the Dahanu Cost, in the northern Maharashtra’s Palghar district, which is about 150 Km from Mumbai. This is the first time the centre has tied up with the State government by making it an equity partner to ensure faster completion of the port. The port will have a capacity to handle 60-100 million tonnes of cargo per annum, which will be fully build on a reclaimed land spread over ...