In Kochi, the second container freight station (CFS) near the international container transshipment terminal (ICTT) at Vallarpadam is nearing completion. It is being set up by MIV Logistics Private Limited, a special purpose vehicle (SPV) floated by the State government-promoted entity Inkel, CFS will have a capacity to handle 75,000 containers a year.
Category: ECONOMY & POLICY
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Govt accords nod to 574 SEZ proposals
In addition to seven Central government Special Economic Zones (SEZs) and 12 State/Private Sector SEZs set up prior to the enactment of SEZ Act, 2005, formal approval has been accorded to 574 proposals out of which 391 SEZs presently stand notified.
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EDFC project: UP expects Rs 42,000 cr investment
Under the proposed Eastern Dedicated Freight Corridor (EDFC), the Uttar Pradesh government is expecting to get 42,000 crore investment into the state. In the state, almost 57 per cent of the EDFC measuring 1,049 km would traverse across 18 districts, bringing a lot of industrial benefits for the state.
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No proposal to set up more Mahila Banks for now
The Government has established Bharatiya Mahila Bank Limited. The Bank was inaugurated on 19th November, 2013 and is functional at present with its 9 branches at Mumbai (Maharashtra), Kolkata (West Bengal), Chennai (Tamil Nadu), Bengaluru (Karnataka), Lucknow (Uttar Pradesh), Ahmedabad (Gujarat), Guwahati (Assam), New Delhi and Indore (Madhya Pradesh).
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Govt announces National Manufacturing Policy
The Government of India has announced the National Manufacturing Policy on November 4, 2011 with the objective of enhancing the share of manufacturing in GDP to 25 per cent and creating 100 million jobs over a decade or so, said the Union Minister of State in the Ministry of Commerce and Industry EM Sudarsana Natchiappan in Rajya Sabha on December 11.
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ExpertspeakTowards independent governance
Arguing that PSUs must be made more independent, UD Choubey explains how better vigilance can make institutions more transparent and ensure they are the custodians of public money that they are meant to be.
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Diversification and innovation are essentials
PSUs now believe in diversification a railside warehousing PSU is now expanding into cold chains, SEZs and FTZs. Vinod Asthana, MD, CRWC, tells Garima P and Shashidhar Nanjundaiah why this is a natural progression in the competitive world of logistics.
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On a strong pitch
It should be no surprise that PSEs emerge right on top when it comes to efficiency and performance, given their inherent rather than acquired advantages. But, writes Maya Sinha, the flip side is that they have not redefined their own strengths to achieve better productivity the very accountability that defines PSEs is hampering speedy execution.
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Ajax fiori to invest Rs 1,000 mn
Ajax Fiori as part of its focused expansion plan has re-branded itself to aggressively strengthen its position as manufactures of self-loaders, batching plants and pumps that are productive, economic and make investment sense. Ajax Fiori as part of its expansion plan has opened a Parts Logistics Centre and corporate office of 30,000 sq ft in Peenya, Bangalore.
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Ajax fiori to invest Rs 1,000 mn
Ajax Fiori as part of its focused expansion plan has re-branded itself to aggressively strengthen its position as manufactures of self-loaders, batching plants and pumps that are productive, economic and make investment sense. Ajax Fiori as part of its expansion plan has opened a Parts Logistics Centre and corporate office of 30,000 sq ft in Peenya, Bangalore.