Search Result for : Waterways

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 IWAI or Inland Waterways Authority of India, has made plans to popularise the Varanasi to Haldia NW1 by introducing multi-modal terminals along the stretch. IWAI is an agency that comes under the Shipping Ministry of India.  Speaking to the reporters, the Chairman of IWAI, Amitabh Verma said the government has planned to set up three terminals at Varanasi for Rs 169 crore, one terminal at Sahebganj, Jharkhand at a cost of Rs 300 crore and one at Haldia for Rs 500 crore. The government also has plans for a new navigation lock to be set up in the feeder canal in Farakka near West Bengal at a cost of Rs 380 crore. Verma expressed that the waterways were not being ...

 The Dollar Business Bureau In a robust move the Road and Transport Ministry has planned to modernise the waterway network and has also declared 111 rivers across the country into national waterways, mentioned in the Bill passed by the Parliament. The total budget for these initiatives has been provided at around Rs.800 crore.  The Road and Transport Minister Nitin Gadkari has emphasised the need to connect the country’s 50,000 kilometres of sea and river fronts as waterways and the Ministry is thinking of new ways to raise almost Rs.70,000 crore for the development of this project.  With an aim to boost national waterways, the government is preparing an action plan and has announced turning the 111 rivers across the country into national waterways, with ...

The Dollar Business Bureau    In an effort to revamp the shipping industry, the government is in the process of overhauling the existing laws related to ports and merchant shipping. To replace many of these archaic rules which have been enforced for more than 100 years, the Shipping Ministry will introduce a fresh set of laws in the parliament in the next six months. “Be it the major ports act, merchant shipping act, we are relooking at most of our acts some of which are more than 100 years old and we expect that in the next six months, we should be able to revamp and introduce in the parliament all the major acts which the ministry is concerned with, doing ...

Governments' top priority is to develop its 1,300 islands and 218 lighthouses to attract tourists, said Nitin Gadkari, Road Transport and Highways Minister Source: PTI The government is also promoting waterways and hopeful of getting Parliament nod on the Bill to convert 111 rivers into waterways, which is a much cheaper mode of transport   Union Minister Nitin Gadkari has invited investors from the US to tap the potential of seaplanes in the country, a move that will boost the tourism sector. Promising early approvals, Road Transport and Highways Minister Gadkari said this is an era of innovation which could change the face of the country, be it science and technology or agriculture. We want to encourage seaplanes. A small nation like Maldives has a ...

The Dollar Business Bureau Container movements at major government-run ports have increased marginally by 1.92% between April and October this year despite the continuous decline in India’s outbound shipments. According to the Federation of Indian Export Organsiations (FIEO), 12 major state-owned ports have collectively handled 4.76 million 20-foot-equivalent units (TEUs) during April-October period, up 1.92% from last year’s 4.67 million TEUs. During the first seven months of 2015-16, two of India’s largest ports— Jawaharlal Nehru Port (JNPT) and Chennai Port – together accounted for about 80% of India’s total containerised cargo traffic moving through ports.  Mumbai-based JNPT handled 2.61 million TEUs, up 0.3% from last year’s 2.6 million TEUs and Chennai Port, India’s second largest public container port, accounted for 934,000 ...

Source: PTI Road Transport and Highways Minister Nitin Gadkari called on his Egyptian counterpart to discuss ways to improve bilateral ties in the waterways and ports sectors. Gadkari is in Egypt representing India at the inaugural ceremony of new Suez Canal on behalf of Prime Minister Narendra Modi. "Gadkari called on the Egyptian transport minister Eng Hany Dahy here (Cairo)...The two ministers agreed to enhance cooperation between India and Egypt in the area of Inland waterways and port development. An MoU is scheduled to be signed in this regard," an official statement from Road Transport and Highways Ministry said. The Egyptian Minister also expressed keen interest in India's ambitious plans for infrastructure development. It said, "Both leaders exchanged ideas on innovative financing ...