The Rs 16,000 crore port-cum-industrial corridor deal has been cancelled by the Andhra Pradesh government. The government had signed the deal with Ras Al Khaimah Investment Authority and Matrix Enport Holdings in 2008 for building a port-cum-industrial corridor.
Tag: India
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Kochi to gain from FCI cargo
The Food Corporation of India (FCI) is to opt Kochi port for its foodgrain movement of both bulk and break bulk cargo movement. With this, Kochi port is to gain a lot. FCI recently floated a tender for multimodal contract for transport of rice from designated depots of Kakinada to Kerala through coastal movement.
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2nd India Construction Festival 2013 – Move over, policy paralysis
Amid top domain experts, decision makers and policy enablers, this mega event brought to the fore the pressing challenges facing the sector and offered many practical remedies, report MANAS R BASTIA and Shriyal Sethumadhavan.
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APSEZ ties-up with Belgian Port of Zeebrugge
To act as a strategic entry port for the European market, IndiaÂ’s largest private port developer Adani Ports & SEZ (APSEZ) has signed a memorandum of understanding (MoU) with the Belgian Port of Zeebrugge on November 27.
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Vasan dedicates two terminals at Kandla Port
The Union Minister of Shipping GK Vasan has dedicated two terminals of the Kandla Port to the nation. Speaking on the occasion at a function in Bangalore recently he said that this port since its inception and especially in the last decade has grown from strength to strength fuelling growth of Kutch, Gujarat and India.
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Government is working on a Mechanism for speedy resolution of disputes for Infrastructure Projects: Dr. E M Sudarsana Natchiappan
The second day of EXCON 2013 started with a Conference on ‘Sustainable Infrastructure Development’ organized by the Indian Construction Equipment Manufacturers’ Association (ICEMA) in association with the Confederation of Indian Industry (CII).
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Zydex looks to build 20,000 km green roads in 3-yrs
In India, Zydex Technologies is looking to build up to 20,000 km of moisture-resistant green roads by 2016 using its nanotechnology. Such roads need no maintenance for about 15 years. The company has already completed about 500 km of roads in India with Border Roads Organisation and other agencies, Zydex Industries said.
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DBS Bank to up its India presence with 50 branches
In the next three years, Singapore-headquartered DBS Bank has plans to open 50 branches in India. DBS Bank wants to benefit from India's new policy for foreign lenders. The Asia-focused bank currently offers wealth management and deposit products in India.
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ADB studies India’s east coast economic corridor
On the Indian East Coast economic corridor, the Asian Development Bank (ADB) is carrying out analytical work. The corridor presents a potential window for boosting economic relations between India and the Mekong countries as well as other South-East Asian countries.
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Afghanistan ready for pact on Chabahar port
Afghanistan has stated that it is keen to ink a trilateral agreement with India and Iran on the Chabahar port. Afghanistan on November 16 stressed that its ties with India are steady.