While the Indian government showed interest in the Iran-Pakistan natural gas pipeline project, it remains to be seen how it arrives at a consensus with Pakistan on the transit fees for using the pipeline. During his recent visit to Iran, Indian External Affairs Minister Salman Khurshid showed interest in the project. Reports from New Delhi also indicate that the Iranian Oil Minister Rostam Qassemi is scheduled to visit New Delhi som
Tag: India
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India envices interest in port, gas pipeline projects of Iran
During his recent visit to Iran, India's External Affairs Minister Salman Khurshid said his country is ready to participate in the Iran-Pakistan natural gas pipeline project and to invest in the development of the Iranian port of Chabahar. It may be recalled that originally, the project involved India, Pakistan and Iran and it was named Iran-Pakistan-India (IPI) or Peace Pipeline. However, in the cour
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IMF deputy head expects 5.8 per cent economic growth
In 2013-14, the Indian economy may expand 5.8 per cent and in 2014-15 it may grow 6.3 per cent, Naoyuki Shinohara, Deputy Managing Director of the IMF said. This compares to an average growth rate of 8.7 per cent for the five years prior to the global financial crisis, he said
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IMF deputy head expects 5.8% economic growth
In 2013-14, the Indian economy may expand 5.8 per cent and in 2014-15 it may grow 6.3 per cent, Naoyuki Shinohara, Deputy Managing Director of the IMF said. This compares to an average growth rate of 8.7 per cent for the five years prior to the global financial crisis, he said
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Officials to discuss gas pipeline project
The extension of Iran-Pakistan natural gas pipeline to India would be discussed by the officials of the Indian and the Iranian governments, media reports suggest. It may be noted that Iran laid 900 km of the 1,600-km pipeline on its soil and both Iranian and Pakistani firms have undertaken the construction of the remaining part in Pakistan
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India bought 7.2% of total oil import from Iran
India imported 7.2 per cent of its total oil import in 2012-13 from the sanction-hit Iran, down from, down from 10.5 per cent in the previous fiscal. Of the 182.5 million tonne of crude oil imported in 2012-13, supply from Iran accounted for about 13.3 million tonne. In 2011-12, India imported 18.1 million tonne from the country. These were behind 32.5 million tonne from Saud
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Cabinet discusses investment in Chabahar Port
At a recent meeting chaired by Prime Minister Manmohan Singh, the union cabinet discussed the country's plan to develop infrastructure in and around the Chabahar Port in Iran. It is learnt that the government may formally announce its decision on developing the port infrastructure after
External Affairs Minister Salman Khurshid discusses the same with IranÂ’s Foreign Minister Ali Akbar Salehi in Tehr
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China’s incursion: India may lose access to 750 km
India has described the China's incursion into its land as a 'deep scar.' It is reported that China has reinforced its position across the Line of Actual Control and raised the real prospect of India losing access to 750 sq km in strategically crucial northern Ladakh.
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Railways needs to be more proactive: Experts
Rail modernisation requires technology, and much of this is already available today in the private sector. The Railways has identified several investment areas for private players.
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Technology can play an important role in improving throughput
Railways needs to create capacity along its arterial routes viz, the Golden Quadrilateral and diagonals as well as augment capacity on rail links serving ports, industrial hubs and to existing and new mining areas,