We are just taking out money from where we think we have got the maximum and putting it into projects which we think has potential, says Parmit Chadha, CEO, Strategy and Corporate Development, GMR Infrastructure
Tag: Singapore
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Airbus upbeat on India demand
In the face of financial woes creeping across its airline sector, Airbus is sticking to upbeat forecasts for aircraft demand in India. The European planemaker recently said in Singapore that there is a lot of growth. The Indian aviation industry lost a combined $2 billion last year and all but unlisted IndiGo - an Airbus customer - lost money, complaining of high taxes on jet fuel, expensive airports and subsidies to state carrier Air India.
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Landed in trouble
GMR entered the Maldives after realising the lack of potential in India for large airport projects. The relatively new global infrastructure is reportedly not insured against political riskĂâonly to find itself stranded after a government change in that country.Pro China sentiments along with commercial disputes used by some extremists and political parties in Maldives have provoked anti-India sentiments which resulted in GMRĂâs Male airport confl ict.
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We are not yet at the professional entrepreneurial stage
Can second generation infrastructure projects sustain the spirited start that the sectors got because of visionary leadership?
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Vizag to have intââŹâ˘l air cargo terminal
Andhra PradeshââŹâ˘s major port city, Visakhapatnam would have a full-fledged international air cargo terminal by April 2013. Vizag is now directly connected to Dubai, and by October, it is likely to have air connectivity with Singapore as well.
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Why ICDs and CFSs in India need to consolidate
Consider this: At 4.5 mn TEUs last year,Jawaharlal Nehru Port handled over 55 percent of IndiaââŹâ˘s container volumes.Yet it handled less than a fifth of SingaporeââŹâ˘s 25 mn TEUs.What ails IndiaââŹâ˘s container trade? In this issue, we focus on the most important piece in the container logistics eco system: dry ports
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A real estate game
The progress of Indian airports from aero- to non-aero-heavy revenue model may happen sooner than we thought. On the one hand Indian airports that are finally looking world-class even lavish and opulent, some say while airlines are cutting themselves down to size and not thinking beyond low-cost.
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Maritime: ICTT stuck in the dock
Almost 80 per cent of ColomboââŹâ˘s container traffic represents cargo transhipped from Indian ports. One year after IndiaââŹâ˘s first ICTT was commissioned, transhipment transactions have been almost insignificant. Will the terminalââŹâ˘s second year be any different?
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Port connectivity: The efficiency linkages
Bankers say ports are one of the best sectors to finance to. With the frenetic growth envisaged in the 2020 Agenda, port connectivity is impatiently awaited as the government works on four-lane roads and rail lines linking the gateways to the hinterland.
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ATN system for air safety
Experts from Asia-Pacific nations discussed ways to implement an aeronautical telecom network (ATN) system for seamless exchange of messages for planes flying in the region. The new system would complement and later replace voice communication between air traffic control, pilots and others by providing all flight data and information through messages.