VO Chidambaranar (VOC) Port in Tuticorin handled a throughput of 286.42 lakh tonne during the financial year 2013-14, surpassing the pre-¡vious year's achievement of 282.60 lakh tonne and registered a growth of 1.35 per cent, in spite of global cues. Imports accounted for 209.77 lakh tonne and exports accounted for 76.65 lakh tonne.
Author: admin (Infratructure Today)
Post
Post
Essar Ports to invest in Mozambique
Essar Ports will invest up to $25 million (about Rs 150 crore) in a joint venture, which plans to develop a coal terminal at the Beira port in Mozambique. The investment will be made for developing the terminal with 10 million tonne (mt) a year capacity and also to provide a corporate guarantee of up to $10 million on behalf of the joint venture.
Post
AP to focus on non-hub airports
The Andhra Pradesh civil aviation policy will focus on developing non-hub airports in the region. The aims is to build new investment regions and give a fillip to tourism sector. Addressing the gathering at the inaugural event of the five-day India Aviation 2014 at Hyderabad recently, Andhra Pradesh Governor ESL Narasimhan has said that the state boasts of the country's first aerospace SEZ located within 15-km of the Rajiv Gandhi International Airport at Shamshabad.
Post
100 AIFs to operate in India
Securities Exchange Board of India (SEBI) has allowed 100 entities to set up Alternative Investment Funds (AIFs) - newly created class of pooled-in investment vehicles for
real estate, private equity and hedge funds - in less than two years. The 100 AIFs have been registered with SEBI since July 2012. Out of this, about 11 entities got market regulator's approval to operate in the country so far this year, 67 in 2013 and the remaining 22 in 2011.
Post
Cabinet committee on transport
The Planning Commission is firming up a proposal for setting up a Cabinet committee on transport. A decision will be taken only by the new Planning Commission, which will be constituted after the April-May general elections. The proposal is partly based on the recommendations of the National Transport Development Policy Committee, chaired by Rakesh Mohan.
Post
Conventional producers to invest in RE
The Central government may soon require conventional power project developers to install renewable energy projects within the premises of the fossil fuels based power plants. If the power ministry goes ahead with such a plan, the power project developers may have to set up renewable energy capacity equivalent to around 10 per cent of the conventional power capacity within the premises of the power plant.
Post
Govt sets up coal regulator
The Union Government has set up a regulatory authority for the coal sector through an executive order recently. The coal regulator will advice the government on principles and methodologies for price determination while state-owned Coal India (CIL) will continue to fix prices, subject to coal ministry's approval.
Post
UAE, India investment protection pact
According to the Department of Economic Development (DED), India and the UAE are working towards giving the final shape to a Bilateral Investment Promotion and Protection Agreement (BIPPA) to enhance investments between the two countries.The agreement is aimed at driving investments into India from the UAE.
Post
Privatisation of airports on hold till elections
The Ministry of Civil Aviation will take up the privatisation of six major airports only after the elections, according to a top official in the ministry. A parliamentary panel had opposed the government's decision of privatising six airports in Kolkata, Chennai, Lucknow, Jaipur, Ahmedabad and Guwahati. The government had decided to allow private parties to pick up 100 per cent equity stake in operation and management of these airports.
Post
Forest clearance cancelled for Chhattisgarh coal blocks
The National Green Tribunal has cancelled the clearance given by the Environment Minister to Parsa East and Kante-Basan captive coal blocks in Hasdeo Arand forests of Chhattisgarh, overruling the statutory Forest Advisory Committee. The forest clearance was given by the then Union Environment and Forests Minister Jairam Ramesh in June 2011.