Due to coastal shipping becoming economically viable after demonetisation, automajor Hyundai has decided to increase its monthly shipment through this mode. The Korean major has also said that demonetisation has led to ´less supply of trucks´ and coastal shipping is a ´blessing in disguise´ to meet the orders.
Author: admin (Infratructure Today)
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India Approves New Shipping Act
The Merchant Shipping Bill 2016 has been approved by the Indian Cabinet following much deliberation.
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All Work, Before Play
When in August this year, India sent its largest ever delegation to the Summer Olympic Games held in Rio de Janeiro, Brazil, most expected the country to further improve on its performance over the London edition of the games which had been held four years earlier.
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Centre approves another 52,319 houses under PMAY
The Central government has approved construction of another 52,319 houses for the urban poor, including 11,286 houses in poll-bound Uttar Pradesh, under the Pradhan Mantri Awas Yojana (PMAY-Urban).
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Allcargo Q2 gross profit dips by 2%to Rs 452 crore
Allcargo Logistics Ltd has announced its unaudited financial results for the quarter ended September 30, 2016.
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Siemens, Bentley Systems strengthen strategic alliance
Siemens and Bentley Systems have formalised a strategic alliance agreement to drive new business value by accelerating digitalisation to advance infrastructure project delivery and asset performance in complementary business areas.
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Number of airports to double in 2-3 years
The Centre plans to double the number of airports in the country over the next two to three years to serve the largely untapped domestic aviation industry which has seen an increase in passengers, Minister of State for Civil Aviation, Jayant Sinha has said.
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MEP Infra may file papers for InvIT
MEP Infrastructure Developers hopes to file initial documents in December to launch its infrastructure investment trust (InvIT), according to MEP's Vice-Chairman and Managing Director Jayant Mhaiskar.
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ReNew Power awards 50MW turnkey wind project order to Gamesa
ReNew Power, a renewable energy company, has placed a 50 MW turnkey project order to Gamesa. The order will be commissioned by March 2017. Gamesa will supply 25 units of G114 – 2.0MW T106 turbines which will be set up at Amba, Madhya Pradesh.
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New Peripheral Expressway to ease Delhi’s traffic woes
Minister of State for Road Transport and Highways Pon Radhakrishnan has informed the Lok Sabha that to decongest traffic in Delhi, a ‘Peripheral’ Expressway in two parts was under implementation.