Search Result for : Vizag

The Dollar Business Bureau India’s exports from the Special Economic Zones (SEZs) has witnessed an increase of 18% in the month of February this year as compared to the same month last year, on the back of a good growth in the shipments of electronics, non-conventional energy products and tobacco related products. “The SEZ sector in the country has registered 18% growth in exports in February 2018 vis-a-vis the same period in 2017,” according to the latest Exports Performance Report released by the Export Promotion Council for EOUs & SEZs (EPCES).   “In February, the total exports from all the SEZs amounted to Rs.22364 crore as against Rs.18990 crore in the same month last year,” the report said. The major sectors that witnessed a significant ...

The Dollar Business Bureau Nirmala Sitharaman met Takehiko Nakao, President, Asian Development Bank (ADB) and appreciated the Bank's efforts for infrastructure development in India. She said that the Government would help the States to have the infrastructure projects funding. The minister discussed the progress in the Vizag-Chennai Industrial Corridor (VCIC). She further mentioned that the Northern Extension of the ECEC from Vizag to Odisha and West Bengal is important and ADB should accelerate the work thereon. The Minister also mentioned that the Southern extension from Chennai to Kanyakumari should include extension up to The Minister also mentioned that the Southern extension from Chennai to Kanyakumari should include extension up to Kollachal Port and even at Vizhinjam, as this would accrue several economic benefits to these ...

Sairaj Iyer Finance and technology have become so intertwined that many financial organizations would aver they are not a financial company per se, but a technology company rendering financial services.  Moreover, factors such as demonetization, digital India and a plethora of digitization campaigns are only testimony to the growing importance of technology. It is obvious that when India is going gaga over digitization a state like Andhra Pradesh headed by a tech savvy Chief Minister cannot be left behind. If the official comments of the secretary of the state government of Andhra Pradesh are to be believed, the state is fast on its way to carve the world’s 6th largest startup hub. Officials close to the development delved into the details of ...

The Dollar Business Bureau The government has decided to develop a modern marine fish market at Vizag at a cost of Rs.2.75 crore. The market will be constructed at the Fishing Harbour, near to Visakhapatnam Port and will become operational in early 2017. The Andhra Pradesh government has issued 30 percent of the funds from its special development funds, National Fisheries Development Board (NFDB) has contributed 40 percent and 30 percent funds were contributed by Tata Trust for constructing the fish market. The Visakhapatnam Fishing Harbour has been handling sea food exports of around 1.15 lakh tonnes. However, the current fish market, built decades ago, was not properly developed. It is proposed by the government to reconstruct the complete market with modern amenities in an ...

 Jayarama Emani | The Dollar Business Three top French banks might have refused to fund Adani groups' mega coal project in Australia's Galilee Basin near the fragile Great Barrier Reef, but the outlook for the group’s Adani Ports and Special Economic Zone Ltd (APSEZL) has been declared ‘Stable,’ by the India Ratings & Research (Ind-Ra) agency. The agency has taken a consolidated view of APSEZL and its subsidiaries. The rating is driven by APSEZL’s strong business profile which is likely to translate into a steady improvement of its financial profile in the next three years. Justifying the rating, Ind-Ra said that APSEZL is by far the largest private sector port developer in the country with a total capacity of ...