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Government aims to reduce logistic costs under Sagarmala Project

Government aims to reduce logistic costs under Sagarmala Project

High logistical cost prevailing in India is the biggest hindrance for Indian businesses on the global level and the Ministry of Shipping will aim to reduce the cost under the Sagarmala Project, said Nitin Gadkari, Union Minister for Shipping, Road Transport and Highways, on the second day of the Maritime India Summit 2016.

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Engineers’ edge

Engineers’ edge

He pointed to the church he probably attended every Sunday as a boy, growing up in a small town in Pennsylvania in the US. His fingers moved across the screen of his mobile phone, as he flicked over the live images one after the other, pointing out a few more landmarks from his home-town.

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Implications on infrastructure

Implications on infrastructure

The amount of Rs.800 cr budgeted for ports and inland waterways appears to be below the potential of these sectors. The Union Budget 2016-17 lists infrastructure among one of the four priority areas.

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On the road to growth

On the road to growth

The Budget has tried to address infrastructure financing issues by announcing deepening of the corporate bond market and allocation of Rs.25,000 crore towards recapitalization of public sector banks.