On the east coast of India, Krishnapatnam Port is slowly and steadily emerging as a hub for edible oil refineries. The port has become more evident from the fact that there are over seven companies setting up their refineries near the port and a few more are likely to finalise their plans soon.
Reliance Industries (RIL) agreed to share its infrastructural facility on the East Coast of the country with Oil and Natural Gas Corporation (ONGC). Both the companies recently entered into a memorandum of understanding (MoU) in this regard. According to the MoU, both the firms would work out the mod
US President Barack Obama has vowed on July 25 to use his executive powers to bypass bottlenecks in Congress and accelerate infrastructure projects to bolster growth and add jobs. Speaking inside a cruise ship terminal at Jaxport, a major passenger and cargo port on the East Coast, Obama hailed two major projects that would accommodate increasing global trade and speed the delivery of goods that arrive on huge ships and depart by train for destinations across the United States.
Media reports suggest that Adani Ports and Special Economic Zone (APSEZ) would divest its stake in the Australia's Abbot Point port and use the sale proceeds to invest in its venture in the east coast of India. It is learnt that the Board of Adani Ports has in-principle decided to divest its significant stake in entities cont