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 ...
Union Cabinet okays coastal shipping between India, Bangladesh
Source: PIB, Government of India. The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval to the agreement on coastal shipping between India and Bangladesh to carry out coastal movement of goods between the two countries. Exim trade between India and Bangladesh would be benefited by way of reduction in freight charges. It will also improve the utilization of port capacities of Indian ports and open up new opportunity for Indian coastal vessels. It will also help in decongestion of roads especially at the Land custom stations/integrated check posts at the Indo-Bangladesh border. The Indian ports serving as transshipment ports for Bangladesh cargo will derive benefits by way of enhanced throughput as a result of Indo-Bangladesh coastal ...
