All financial market regulators have agreed to lay down the rules to enable India´s first international finance centre to take off in Gujarat by April.
Author: admin (Infratructure Today)
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Govt gives green nod to 190 projects worth Rs.6.31 lakh cr
Environmental clearance has been given to 190 projects, entailing an investment of Rs 6.31 lakh crore across sectors like mining and steel during June-December as part of the National Democratic Alliance (NDA) government´s policy to fast-track industrial development and generates jobs.
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Sterlite bags Rs.2900 cr project
Sterlite Transmission Projects has bagged the biggest transmission project to be awarded through the competitive bidding route in the country, having quoted the lowest tariff amid competition from eight other players.
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Adani to invest Rs.20,000 crore in Gujarat ports
Adani Group has announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 mt per annum by 2020. The investment is on the top of Rs 25,000-crore spending the group had announced on the first day of the Vibrant Gujarat Summit.
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Modi takes over port project NSAC
Prime Minister Narendra Modi will soon be heading another body, a port infrastructure development initiative-National Sagarmala Apex Committee (NSAC). The PM´s committee is expected to oversee a company, Sagarmala Development Company (SDC) with the Shipping Minister as its Chairman and the Shipping Secretary as the Co-chairman.
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AP advised to improve capacity of existing ports
The East Coast Maritime Business Summit has cautioned that it is as important to build the supporting infrastructure for speedy cargo evacuation from ports as to build new ports or to add to the capacity of the existing ones, as otherwise ports will merely become stockyards.
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Visakhapatnam Port Trust chalks out Rs.3,000-crore plan
The Visakhapatnam Port Trust (VPT) has outlined a Rs 3,000-crore expansion-cum-modernisation plan aimed at enhancing the port´s capacity by nearly 50 per cent.
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Cargo traffic at major ports up by 5.04% in April-December
Cargo traffic rose by 5.04 per cent to 433.86 mt at 12 major ports during April-December 2014 as compared to the same period of previous year. These Centre-run ports had handled 413.06 mt of cargo during April-December 2013.
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Mangalore Port to mechanise berth
New Mangalore Port Trust (NMPT) has taken up the mechanisation of a berth and the development of another berth, according to PC Parida, NMPT Chairman.
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Sanghi Industries to invest Rs.250 cr in ports
Cement manufacturer Sanghi Industries has said it will invest Rs 250 crore over the next couple of years for developing waste heat recovery system and facilities at Navlakhi Port in Gujarat.