More than a relief valve for Mumbai’s saturated skies, India’s newest mega-airport is poised to become a strategic growth engine that enhances connectivity, attracts investment, and accelerates urban development across Maharashtra and Western India, writes Manish Pant. Just as its inspiration—a blooming lotus—symbolises the opening of the human mind, the formal inauguration of Navi Mumbai...
Tag: growth
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Innovations in CE to meet tomorrow’s infrastructure needs
Within the construction equipment industry, innovation is the crucial cornerstone Significance of construction equipment (CE) cannot be overstated, as it drives efficiency, precision, and safety across projects of all magnitudes. Within the construction equipment industry, innovation is the crucial cornerstone for tackling evolving challenges and achieving sustainability objectives, says Shalabh Chaturvedi, Managing Director – India &...
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Unlocking investment potential in the North East region
Challenges such as limited connectivity and infrastructure hinder its development in NER The North-Eastern Region (NER) of India has great economic potential. It has large deposits of oil, natural gas, coal, and limestone, and a sizable proportion of land under cultivation for agro-horticulture products, tea, bamboo, and rubber. The region shares its border with the...
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Industrial growth stagnating: RBI
The Macroeconomic and Monetary Developments 2014-15 update is released by Reserve Bank of India along with its first bi-monthly monetary policy statement for 2014-15. As per the macroeconomic update, the industrial growth is stagnating. The Index of Industrial Production (IIP) showed no increase during April-January 2013-14, compared with 1.0 per cent growth in the corresponding period of the previous year. This stagnation in growth over two years reflects subdued investment and consumption dema
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Gujarat Pipavav Port Q3 profit up at Rs 44.1 cr
The Nikhil Gandhi-promoted Gujarat Pipavav Port on October 22 reported an over five-fold growth in post tax profit at Rs 44.1 crore for the third quarter ended September 30. The company had recorded a net profit of Rs 8.2 crore in the corresponding July-September period last year.
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World Bank asks South Asia to reform for growth
The World Bank has said that growth in South Asian countries will dip in 2013-14 and countries must revitalise structural reforms to ensure their region returns to the ranks of the world's fastest-growing economies and cuts poverty.
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Paradip port posts 33.13% growth in traffic
Paradip Port Trust (PPT) has posted a 33.13 per cent growth in traffic throughput at 34.12 million tonne (mt) in the first half of the current fiscal (April to September 2013-14) from 25.83 mt in the corresponding period of last fiscal.
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Rise in Paradip port’s cargo traffic
In the first six months of the current financial year, Paradip Port Trust (PPT) has handled 34.12 million tonne of cargo. The handled cargo output is more from 25.63 million tonne in the corresponding period of the previous year, registering a growth of 33.13 per cent.
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RBI expects fall in corporate investment
Corporate investments, which stood at Rs 263,400 crore in 2012-13, may fall in the current financial year, Reserve Bank of India (RBI) said in its monthly bulletin for September. The capital expenditure intentions of the companies in private and joint business sectors were captured in the repo
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NMPT registers a growth of 12.25% in cargo
In the first five months of 2013-14, the New Mangalore Port (NMPT) recorded a growth of 12.25 per cent in cargo handling. The port handled 15.76 million tonne of cargo from April-August as against 14.04 million tonne in the corresponding period of the previous fiscal (2012-13). Crude oil and coal contributed to the growth in port's cargo handled during the period, said the port's Chairman P Tamilvanan.