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 ...
We are going to bring in a policy to promote use of alternative fuel: Gadkari
The Dollar Business Bureau With a view to bringing down logistics cost and pollution levels, the Government has decided to bring a policy for promoting the use of alternative fuel, Road Transport and Highways Minister Nitin Gadkari said on Thursday, while adding that the logistics cost is quite high in India when compared to China and European countries. “We are going to bring in a policy to promote use of alternative fuel which is indigenous and pollution free as it will help in saving lot of time, bring down logistics cost by 4-6% which is currently about 14-18% unlike in China where it is 10-12% and in European countries where it is 12-14%,” Gadkari said, while inaugurating an event organized by ASSOCHAM in New Delhi. The minister ...
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 ...
Govt extends services export period under SEIS upto Mar 31, 2017
The Dollar Business Bureau The government has extended the period of services export for rewards under the Services Exports from India Scheme (SEIS) upto March 31, 2017. Currently, the services and rates of rewards were applicable only for services exports made between April 1, 2015 and March 31 2016. “The earlier notified period of services export rendered between 1-4-2015 to 31-03-2016, as per the list comprising rates and conditions for rewards under the SEIS notified vide Public Notice No.3/2015-20 dated April 1, 2015 as amended vide Public Notice no.42/2015-20 dated 26.10.2015, is extended upto 31.03.2017,” the Directorate General of Foreign Trade (DGFT) said in a notification on Friday. The list of services/rate is subject to review with effect from April 1, 2017, the notification ...
Govt sets up joint task force to ramp up steel demand
The Dollar Business Bureau The government has set up joint task forces with representatives from road, transport and highways ministries to examine possibilities to boost steel demand in the country. "Joint task forces covering railways, urban development, Ministry of Shipping, Road Transport and Highways etc have been constituted comprising representatives from ministries concerned and their agencies to assess the possibilities of boosting demand of steel," Minister of State for Steel Vishnu Deo Sai informed the parliament in a written reply to the Lok Sabha. “The scope of these committees inter-alia covers codes and standards, life cycle cost analysis, development of designs of various structures and other suitable measures,” Deo said. Steel Minister Chaudhary Birender Singh had earlier noted that steel demand is projected to ...
Multi-modal transport planning will be implemented in a big way: Gadkari
The Dollar Business Bureau After awarding a record Rs.4.5 lakh crore worth of contracts in highways segment, a multi-modal transport planning consisting of railways, waterways, airports and bus stations will be implemented in a big manner, said Road Transport, Highways and Shipping Minister Nitin Gadkari on Friday. “We broke all records in highways. We have awarded contracts worth Rs.4.5 lakh crore so far. We will be awarding contracts for 15,000 km of highways by March taking the highways building pace to 30 km from 20 km a day in December,” Gadkari said while addressing the reporters in New Delhi. The Minister said that 15% increase in allocation for highways in the Budget was a welcome measure and this is the first time that ...
Govt gave high importance to infrastructure development: Gadkari
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 ...
Govt to reduce logistics costs to 12%
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 ...
