Kandla Special Economic Zone (KASEZ) has come a long way since its inception. Still, although KASEZ has been the pioneer among SEZs, challenges are plenty in growth and development. Janaki Krishnamoorthi traces the journey of the oldest FTZ in India.
Tag: India
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HSBC global trade forecast
India is set to topple USA as the biggest importer of goods for infrastructure (materials needed for infrastructure projects) in the world by 2020. It will continue to hold this position till 2030, as it builds civil infrastructure, bolstering demand for overseas goods, according to HSBCĂ´s latest Trade Forecast report.
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Logwin expands in Jakarta
Logwin has further expanded its location in the Indonesian capital of Jakarta by moving into a modern, self-contained warehouse at Soekarno Hatta Airport in August. The new facility allows Logwin to increase its storage space from 280 sq m to 720 sq m.
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Delhi, Birmingham airports sign MoU
Following the recent launch of direct flights between Delhi International Airport and Birmingham Airport (UK), the two airports have signed a Memorandum of Understanding (MOU) to formalise a working relationship and commit to developing links between the two cities even further.
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Israel Ambassador visits IDE plant
During his recent visit to Chennai, Ambassador of Israel Alon Ushpiz took a visit to IDEĂ´s 100 million liters per day (MLD) Nemelli desalination plant. The plant, designed by MECON, was built by IDE Technologies (Israel) together with local Indian partner on EPC basis with a seven years operation and maintenance contract awarded by end client CMWSSB to IDE consortium.
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Bharat Forge bags crank shaft order from IR
Indian Railways (IR) has always imported its crankshaft, but recently for the first time has placed an order with Bharat Forge. According to the company, Bharat Forge is the only crankshaft manufacturer in India which caters to the industrial sector. Bharat Forge has been already supplying a range of equipment to major rail network in the US and Europe.
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Actuant mfg facility in Bangalore
Actuant India announced the launch of its manufacturing facility in Bangalore. The facility will support the company globally by offering value-added capabilities to drive business growth and accelerate operational excellence.
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Land Bill is a concern for Japanese investors
The financial champion of the much-hyped DMIC is largely tight-lipped about it. Shin Oya, Chief Representative, Japan Bank for International Cooperation (JBIC), tells Shilpi Aggarwal why his country may be waiting for the next general elections, is guarded on some questions but has no hesitation to say why the Indian government must treat ECBs better,
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$360 mn WB loan for UP water project
India has signed an agreement with World Bank for a credit of $360 million for Uttar Pradesh Water Sector Restructuring Project Phase-II. The agreement for the credit was signed in Delhi recently by Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Onno Ruhl, Country Director, World Bank on behalf of the World Bank.
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High Speed Rail Corporation inaugurated
The Union Railway Minister Mallikarjun M Kharge formally launched the High Speed Rail Corporation of India (HSRC), a subsidiary of Rail Vikas Nigam (RVNL) in Delhi. He also revealed the logo of HSRC that has been designed by National Institute of Design, Ahmedabad.