Bhavnagar event sees MoUs signed for new ports, shipbuilding clusters, green transport, and financing partnerships. India’s maritime sector is poised for a transformative leap, with potential investments totalling ₹660 billion ($7.9 billion) inked at the recent ‘Samudra Se Samriddhi: Transforming India’s Maritime Sector’ event held on September 18 and 19 in Bhavnagar, Gujarat. According to...
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India plans more roads, new ports to up its growth
India will construct more roads and new ports to remove infrastructure bottlenecks that hamper its growth. The new ports will be set up in Andhra Pradesh and West Bengal that will add capacity of 100 million tonne, Finance Minister Palaniappan Chidambaram said in his annual budget speech recently. The government will also award 3,000 kilometre (1,864- miles) of road projects in the first half of the year starting April 1, he said.