The Civil Aviation Ministry has identified 24 airports for the development of domestic air cargo terminals. The governments plan calls for the creation of a national logistics network for the faster movement and clearance of goods
There is a perennial need for regulatory and institutional changes to keep in step with the social and infrastructural development. It often seems that the law is playing catch up with situations that evolve and many a times it is possible to trace in new or amended legislation the exact gap or mischief it is trying to plug.
Long-term financing is what the Indian infrastructure sector needs to attain the projected growth. And Infrastructure Debt Funds (IDFs), which the government had in 2011-12 fiscal under Finance Minister P Chidambaram allowed to form to step up investment in the infrastructure sector, which requires $ 1 trillion in the 12th Plan.
In order to develop the fourth container terminal in Jawaharlal Nehru Port Trust (JNPT) at Navi Mumbai, the port authority plans to hire only experienced and financially sound contractor. The port authority is adhering to the Planning Commission guidelines in this regard. The port authority does not want to select frivolous parties, said NN Kumar, deputy Chairman. The last d