Search Result for : Railways

The Dollar Business Bureau India seeks to double the investment from Germany over the coming five years from the present 9.5 billion euros and it also wants a rise of two-fold in the number of German firms in the country, said a former India’s Ambassador to Germany on Tuesday.  In the last few years, India has attracted around 74 German firms that have business ideas worth $1 billion of investment, Gurjit Singh told PTI. Prime Minister Narendra Modi is on a visit to Germany and held discussions with German Chancellor Angela Merkel, and also signed eight pacts. According to the latest news, Merkel was happy to, "develop cooperation with India. That's of huge importance and in no way directed against any other relationships and certainly not against the ...

The Dollar Business Bureau India is ready to make an investment of $10 billion in Bangladesh for the development of its sectors such as infrastructure, power and energy, logistics, education, medical, rail, road and waterways and medicine, said Bangladesh Prime Minister Sheikh Hasina after returning from a four-day tour visit to India.   The PM also informed that Indian government will be extending a loan of $5 billion, out of which $500 million will be used for consolidating the Bangladesh military. The monetary assistance will be specifically used for training the military personnel to ensure peace in border areas, and joint patrols and drills in international sea areas. The amount will also be invested in purchasing military equipment. "The offers of investment and ...

The Dollar Business Bureau The Association of American Railroads, America’s leading railroad policy, research, standard setting and technology organization of the rail industry has in its latest report confirmed that freight railroads are deeply connected to International Trade. The report reveals that at least 50,000 US Rail jobs , 35% of rail revenues and 42% of carloads and intermodal units are directly supported by international trade. The report which was released on March 29, says approximately 50,000 rail jobs accounting for more than $5.5 bn in annual wages and benefits depended directly on international trade emphasizing the need for trade agreements with countries and not rushed policy modifications as President Trump’s recent statements revealed. Many in the political circles agree that the data ...

The Dollar Business Bureau  Road Transport, Highways and Shipping Minister Nitin Gadkari said on Friday that the government is planning to build an integrated system of railways, roads, airports and sea ports and also working on port-led industrialisation. He described the integrated logistics and inland waterways development as a game changer for the economy. The government gave highest prominence to infrastructure development and the Ministry is dedicated to achieve this objective, Gadkari said while addressing the FICCI’s 89th Annual General Meeting in New Delhi. The government has laid out Rs.4.5 lakh crore for the road sector and Rs.3.60 lakh crore for the shipping sector, he informed. Gadkari further said that there were Rs.3.85 lakh crore worth of stalled projects, when the present government came to ...

Ahmad Shariq Khan & Aamir H Kaki The Govt wants to bring down the overall logistics cost to 12%. This was revealed by Nitin Gadkari, Minister for Road Transport, Highways and Shipping during the unveiling of the 3rd edition of a report titled “Operational Efficiency of Freight Transportation by Road in India”, on Tuesday. The report was jointly published by Transport Corporation of India (TCI) and IIM Calcutta.Speaking on the occasion he said if India does not bring down logistics costs, which currently stand at 18 percent, the country will not be able to give a competitive edge to it's exporters. He also stressed on the need to develop multimodal transportation solutions in the country.Referring to China he said, "China's ...

Railway Minister Suresh Prabhu today said that the Rail Budget will cater to the needs of all "satisfactorily" as a lot of effort has gone into its preparation Source: PTI The Rail Budget will cater to the needs of all Railway Minister Suresh Prabhu today said that the Rail Budget will cater to the needs of all "satisfactorily" as a lot of effort has gone into its preparation. Hailing the Rail Budget 2016-17as "passenger-centric" as it entails no fare hike, PM Modi said it will play an important role in the country's rejuvenation. He said the budget caters to all sections of the society and "stands out because it is an infrastructure-led and employment generating budget". The government's efforts to comprehensively transform railways ...

While each JV would have an initial paid up capital of Rs.100 crore based on the quantum of projects to be undertaken, the Ministry of Railways initial paid-up capital is limited to Rs.50 crore per state The Dollar Business Bureau The joint venture companies would be formed with equity participation of Ministry of Railways and concerned state governments   The Union Cabinet gave its approval for the Ministry of Railways to form joint venture companies with state governments to mobilize resources for undertaking various rail infrastructure projects across the country. The joint venture companies, to be formed with equity participation of the Ministry of Railways and concerned state governments, are expected to ensure greater participation of states in implementation of railway projects, both in ...

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 ...