Moving ahead with NDA GovernmentĂ´s focus on building infrastructure, Finance Minister Arun Jaitley in his budget speech announced introduction of tax-free infra bonds for railways and roads.Ă´We have increased the budgetary allocation to roads & railways,Ă´ said Jaitley.
Tag: hub
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Krishnapatnam Port is preferred for edible oil refineries
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.
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AI to set up hub in Chennai or Blore to garner air traffic
The government-owned carrier Air India has been asked by the the Union Civil Aviation Minister Ajit Singh to develop a hub in South India to target passenger traffic from the states in the region. Air India has to consider setting up a hub in Chennai or Bangalore. It can have its main hub in Delhi, Singh said.
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Sri Lankan govt takes steps to upgrade port infra
Sri Lankan government is taking efforts to upgrade its port infrastructure and as part of this it is investing $2.5 million on harbour in the south of the country and is executing an expansion project for the Colombo port. The government, which aims to promote the country as a "port hub" borrowed considerably to achieve this goal, and it is also wooing international investors to participate in the
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Chennai is eagerly awaiting AirAsia’s landing
AirAsia's India entry with Chennai as its hub of operations has brought cheer to stakeholders. There is great hope of a positive growth trajectory for the various service sectors that have mushroomed around the industry. This is apart from additional revenue that the Airport Authority of India (AAI) might get. On March 26, the Foreign Investment Promotion Board (FIPB) of the Finance Ministry cleared the proposal of Malaysian low-cost carrier AirAsia and TataĂâs joint venture for a passenger airli
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NMPT handles major share of LPG handling in India
New Mangalore Port Trust (NMPT) handles a major share of total liquefied petroleum gas (LPG) handling in the country. It handled around 2.08 million tonne of LPG in 2011-12, P Tamilvanan, Chairman of the port trust informed. The LPG import facility of HPCL in Mangalore contributes around 1.5 million tonne, S Roy Choudhury, Chairman and Managing Director of HPCL informed
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IIM study identifies ports for transshipment hub
A study by IIM Ahmedabad shows that Jawaharlal Nehru Port Trust (JNPT) would be the logical choice for a transshipment hub port on the west coast based on the commercial criteria. However, from an infrastructure perspective, the port does not have the draft to accommodate future generation vessels. Mundra is better placed as far as draft is concerned, the