Govt expects Rs.15 lakh crore investments under Sagarmala
The Dollar Business Bureau The Government is expecting investments worth Rs. 15 lakh crore under its ambitious 'Sagarmala' programme - for modernisation and developments of ports. “The Ministry expects Rs.15 lakh crore investments under the ambitious 'Sagarmala' infrastructure development programme,” said Minister of Road Transport and Highways and Shipping Nitin Gadkari after laying the foundation stone for setting up of a National Technology Centre for Ports, Waterways and Coasts (NTCPWC), at IIT Chennai. “We are expecting around Rs.4 lakh crore investment to be made in road connectivity, modernisation and mechanisation of ports and port-rail connectivity. Work worth Rs.2.80 lakh crore has already been started,” he added. Under the Sagarmala programme, the Shipping Ministry has planned to develop Special Economic Zones (SEZs), coastal ...
India needs a unique approach to capture market, President
Aamir H Kaki The Federation of Indian Export Organisation’s (FIEO) golden jubilee celebrations were held at Vigyan Bhavan on Wednesday, with the President as its Chief Guest. Speaking on the occasion the President gave his opinion on various export related issues that India could achieve in the coming years. He touched upon domestic and international export policy trends, market strategies, quality control standards, port-led development, the Indian economy and its positive growth rate in the world. It was invigorating as well as enlightening to hear the President extolling several sectors and the steps needed to reform those that were yet to meet their mark. Innovation is the key to success. Stressing on the same the President said that our needs to be ...
Gadkari: Shipping to add 3-4% to GDP
Sairaj Iyer | The Dollar Business Bureau Nitin Gadkari, the minister for shipping, ports and waterways continued to carry the strategic port-led development agenda on the second day of Maritime India Summit. On the first day, the Prime Minister spoke of critical development agendas, and strategic investment opportunities available within shipping and inland water development projects. If the first day was magical, the second day proved to be better with politicians and celebrities gracing the occasion. On the second day, the CM of Maharastra, Devendra Fadnavis, Kim Young Suk, Minister for Oceans and Fisheries - Korea, Nirmala Sitharaman, Piyush Goyal, Sanjeev Balyan, Min. of State for agriculture, and the chiefs of Indian ports spoke about the future of the shipping industry, opportunities to ...
Pre-Budget Expectations: 'Smart Cities need enough support for timely completion'
"The government needs to have a mechanism to ensure timely delivery of projects that ensures better ROI" The Dollar Business Bureau Ashish Tandon, MD, Egis India: Mr. Ashish Tandon, MD,Egis India Communicating to The Dollar Business Bureau, Ashis Tandon, expressed that, “The government needs to have a mechanism to ensure timely delivery of projects that ensures better ROI” TDB: What are your expectations from the Union Budget 2016 for infrastructure sector in general and for the sectors that you have a presence in particular like railway, road? AT: Egis is an integrated solutions provider in the engineering consultancy space. We have a very strong presence in Roads & Highways, Rail, Water, Ports, Aviation, Urban Planning and Development etc. So we are impacted by ...
Indian government revives SagarMala Project to modernise ports
The Dollar Business Bureau | @TheDollarBiz Kandla port is Asia’s first SEZ. Developing SEZs to improve exports is targeted in the Union Budget 2014-15 Sagar mala project The Shipping Ministry is planning to implement the Sagar Mala Project with an aim to improve India’s ports to international standards and increase connectivity to hinterland business clusters. The Sagar Mala Project was first announced by former Prime Minister Atal Bihari Vajpayee on August 15, 2003. Among the aims were expansion and modernisation of the shipping sector, development of inland navigation, and improvement in draft. It was proposed that an investment of over Rs.1,00,000 crore was required over a period of 10 years to implement the project, with most of the funds coming from the ...
