To fund India's infrastructural projects, the Manila-based Asian Development Bank (ADB) will give $ 700 million to the India Infrastructure Finance Company IIFCL) in the next one-and-a-half years. Of the $700 billion, $400 billion would be given to IIFCL by early 2014 and the remaining by early 2015.
Tag: India
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Portman joins UK firm Nectar Group
Portman India has collaborated with
UK-based Nectar Group and entered into 50:50 joint venture (JV) contract with it for professional services in design, development and operations of ports and terminals in India.
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India to build its 1st oil storage facility soon
To insulate itself from oil supply disruptions, India will build its first strategic oil storage facility by January,
Union Oil Minister M Veerappa Moily has said on September 28. India, which is 79 per cent dependent on imports to meet its crude oil needs, is building underground storages at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka to store about 5.33 million tonne of crude oil, the Minister said.
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Ten more Indian airports to adopt SITA services
The Airports Authority of India (AAI) has chosen world's leading specialist in air transport communications and information technology SITAÂ’s next generation airport management system to transform operations at ten airports across India. The system enhances the passenger journey for 42 million passengers.
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Imported coal stocks at major ports up by 2%
Imported coal stocks at 16 major ports in India stood at 10.2 million tonne (mt) on September 28, Intercocean Group data showed. Interocean Group is a a Delhi-based shipbroker. The imported coal stocks at the major ports is up by 2 per cent from a week earlier.
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Pooling cash flow
The concept of pooled financing comes at a time when the industry needs it more than ever in recent history.Clearing nearly Rs 2 lakh crore (still a small fraction of the pending part of the pie) was the first step for the Cabinet Committee for Investments and the special committee set up by the Prime Minister's Office for this express purpose.
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Tech, manpower, containerisation boost efficiency
Experts say that while it may be unfair to compare one port's efficiency level with another's, internal factors like the level of investment in mechanisation, and others including containerisation and availability of skilled labour are impacting port operations.
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Technology in Indian port operations
Much has been written about ports' need to keep pace with the increasing trade demand through implementation of state-of-the-art technology. Manish Saigal explains what newfangled technology and processes are priority and why.
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Port operation -The efficiency factor
Slow evacuation of cargo from ports is only one of many operational hiccups that Indian ports are up against. Unsurprisingly, a majority of Indian ports have not invested sufficiently in mechanised material handling like its global peers.
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Innovative solutions
Back in the early 1990s, when the other tire companies in India were busy producing highway tires for mass use mostly, the leaders at Balkrishna Industries (BKT) foresaw a unique opportunity in international business and audaciously initiated production in the off-highway segment.