The Reserve Bank of India (RBI) would circulate a discussion paper within the next 15-20 days on the classification of foreign direct investment (FDI) and foreign institutional investment (FII) into the country. In his Budget speech, Union Finance Minister P Chidambaram had proposed to follow the international practice with regard to defining FDI and FII
Author: admin (Infratructure Today)
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Centre starts marketing of rail freight corridor
Railway Minister Pawan Kumar Bansal has stated that the dedicated freight corridors would be able to carry heavier trains, paving the way to move 10,000-12,000 tonne of cargo per rake, which is about three times that of a train moving on the existing tracks.
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Kakinada port to spend Rs 650 cr on dredging project
KV Rao, Chairman of Kakinada Deep Water Port informed a leading media that the port would spend Rs 650 crore over the next two years on dredging activity. The dredging activity is intended to increase depth of the entrance channel to 16 metre from the present 14 metre, reports suggest. The port authority expects to complete the dredging project by December 2014 after which the port
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KPT to close bids for cargo handling contract on April 23
The Kolkata Port Trust (KoPT) would close the tender inviting bids for cargo handling at two berths in Haldia Dock Complex (HDC) on April 23. The port authority wants to engage a new cargo handling firm following the exit of Haldia Bulk Terminal (HBT) in November 2012
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Cargo volume at KoPT declines 7.79%
Cargo volume handled by Kolkata Port Trust (KoPT) stood at 39.88 million tonne (mn t) in 2012-13, which is 7.79 percent lower than 43.25 mn t in the previous fiscal. In 2012-13, cargo throughput attained by Kolkata Dock System (KDS) declined 3.5 percent at 11.8 mn t. On the other hand, cargo handled by Haldia Dock contracted 9.4 percent to 28.08 mn t during the fiscal. Repo
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NMPT conducts trial operation at new berth
P Tamilvanan, Chairman of the New Mangalore Port Trust (NMPT) informed media persons that the port was conducting trial operation at the new berth for handling petroleum products. The port has already completed civil works on the berth, which can handle ships of 1.25 lakh DWT (dead weight tonnage). (DWT is a measure of how much weight a ship can carry
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NMPT’s cargo handling grows 12.44% in FY13
During 2012-13, cargo handling at the New Mangalore Port Trust (NMPT) grew 12.44 per cent to 37.04 million tonne (mn t) from 32.94 mn t in 2011-12. Cargo volume in the port received a boost from the increase in the handling of crude oil, petroleum products, coal and container cargoes, the port
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Cargo handling at PPT rises 4.2%
Cargo volume handled by Paradip Port Trust (PPT) rose 4.24 per cent to 56.55 million tonne (mn t) during 2012-13 compared to 54.55 mn t in the earlier year. The port raised its cargo handling capacity to 102 mn t in 2012-13 from 80 mn t last year following commissioning of the single point mooring for handling 320,000 tonne capacity vessels
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Ministry to meet banks, firms to address stalled projects
It is learnt that the union finance ministry would hold meeting with banks and companies to address the issue of stalled projects. Data available with the finance ministry shows that 215 projects, each with value of Rs 250 crore or more, have been identified as stalled. These projects are mostly financed by
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Carlyle Group to expand presence in India
US private equity fund (PE) Carlyle Group plans to expand its presence in India and is looking at innovative ways to deepen its India focus, Edward Mathias, Managing Director and a board member of the group, said. As part of this plan, the PE investor would set up a non-banking finance company (NBFC) lend to Indian corporates. The PE fund also plans to raise a fund in India in order to invest across sectors, including retail, defence and i