All emerging economic and military powers require secure trade routes. Take, for example, the Suez Canal, a vital gateway for global trade. It attracts about 12-15 per cent of global trade and about 30 per cent of global container traffic, with more than $1 trillion in goods transiting annually. The blockage of the Suez Canal...
Tag: Gulf Cooperation Council
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EPC Industry is Calibrating to a New Normal
Immense opportunities for growth will emerge in 2021 for the EPC industry globally and India, predicts AK Tyagi, Chairman & Managing Director of one of the leading homegrown players in project engineering and turnkey contracting, Nuberg Engineering. As part of its efforts to enhance its offerings in green products manufacturing, the Noida-based company is presently...
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The Indian logistics sector has come of age
The warehousing sector has seen minimal growth in India during the past decade or so. However, the last four-five years have been eventful for the sector which has witnessed a tremendous surge in business activities and foreign investments.
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Gulf Cooperation Council members to face gas crunch
A recent report called, 'Gas shortage in the GCC - How to Bridge the Gap', by global consultancy firm, Booz & Company, says gas shortage in the six resource-rich Gulf Cooperation Council (GCC) countries will become more evident 2015 as demand is on the rise and supply struggles to keep pace. Increasing power consumption, depleting oil fields, gas exploration and long-term gas export commitments have limited the local supply of gas in the region, the report says.