India is set to topple USA as the biggest importer of goods for infrastructure (materials needed for infrastructure projects) in the world by 2020. It will continue to hold this position till 2030, as it builds civil infrastructure, bolstering demand for overseas goods, according to HSBCĆĀ“s latest Trade Forecast report.
Tag: 2013
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Logwin expands in Jakarta
Logwin has further expanded its location in the Indonesian capital of Jakarta by moving into a modern, self-contained warehouse at Soekarno Hatta Airport in August. The new facility allows Logwin to increase its storage space from 280 sq m to 720 sq m.
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Delhi, Birmingham airports sign MoU
Following the recent launch of direct flights between Delhi International Airport and Birmingham Airport (UK), the two airports have signed a Memorandum of Understanding (MOU) to formalise a working relationship and commit to developing links between the two cities even further.
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Israel Ambassador visits IDE plant
During his recent visit to Chennai, Ambassador of Israel Alon Ushpiz took a visit to IDEĆĀ“s 100 million liters per day (MLD) Nemelli desalination plant. The plant, designed by MECON, was built by IDE Technologies (Israel) together with local Indian partner on EPC basis with a seven years operation and maintenance contract awarded by end client CMWSSB to IDE consortium.
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Bharat Forge bags crank shaft order from IR
Indian Railways (IR) has always imported its crankshaft, but recently for the first time has placed an order with Bharat Forge. According to the company, Bharat Forge is the only crankshaft manufacturer in India which caters to the industrial sector. Bharat Forge has been already supplying a range of equipment to major rail network in the US and Europe.
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Actuant mfg facility in Bangalore
Actuant India announced the launch of its manufacturing facility in Bangalore. The facility will support the company globally by offering value-added capabilities to drive business growth and accelerate operational excellence.
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Land Bill is a concern for Japanese investors
The financial champion of the much-hyped DMIC is largely tight-lipped about it. Shin Oya, Chief Representative, Japan Bank for International Cooperation (JBIC), tells Shilpi Aggarwal why his country may be waiting for the next general elections, is guarded on some questions but has no hesitation to say why the Indian government must treat ECBs better,
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High Speed Rail Corporation inaugurated
The Union Railway Minister Mallikarjun M Kharge formally launched the High Speed Rail Corporation of India (HSRC), a subsidiary of Rail Vikas Nigam (RVNL) in Delhi. He also revealed the logo of HSRC that has been designed by National Institute of Design, Ahmedabad.
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MoU for high speed railway system
India and Japan have signed memorandum of understanding (MoU) to undertake a joint feasibility study of high speed railway system on the Mumbai-Ahmedabad route.
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Logistics sector sees demand rise
IndiaĆĀ“s logistics and warehousing industry has been fuelled by encouraging developments in the retail, e-commerce and manufacturing sectors according to the findings of CBREĆĀ“s latest report, ĆĀ“India Logistics Market View H1 2013ĆĀ“.