With favourable government policies and the Make in India initiative, the ports sector, along with logistics, is likely to get a boost. However, the key lies in effective execution. The growth graph of the sector seems to be on a rising trend. Cargo traffic, which recorded 1,052 million metric tonne (MMT) in 2015
A Special Purpose Vehicle (SPV) will be created for each smart city, Urban Development Minister M Venkaiah Naidu said. Infrastructure deficit will be bridged by retrofitting of identified areas of a city and re-development of areas which are not amenable to retrofitting, a statement from the Ministry said.
The Union Cabinet chaired by the Prime Minister, Narendra Modi, gave its approval for formation of a Special Purpose Vehicle (SPV) to provide efficient rail evacuation systems to Major Ports and thereby enhance their handling capacity and efficiency.
The Kerala government would explore the possibility of forming a project-specific Special Purpose Vehicle (SPV) to implement the proposed Nilambur-Sulthan Bathery-Nanjangud rail line project by bringing in private sector and foreign partners with requisite expertise.
The Union Government, which had announced the exit policy for highway projects in last July, has now said that the policy does not require any reworking. With this, the exit policy to release the much-needed equity into the sector, has hit a fresh hurdle. As per the policy of the National Highway Authority of India (NHAI), concessionaires could be substituted after approval from lenders and a new special purpose vehicle (SPV) would be formed to take over the project.
A High-Level Committee, headed by Prime Minister Manmohan Singh decided to set up a Special Purpose Vehicle (SPV) for development and production of a civilian aircraft, of a 70-100 seater range. According to the proposal, the proposed SPV would gain design capabilities from National Aerospace Laboratories (NAL), Hindustan Aeronautics Limited (HAL) and other institutions in
Union petroleum ministry continues to look out for a global company that can lead a consortium for implementing the 1,680-km TAPI pipeline project. The proposed pipeline will start from the South Yolotan-Osman field in Turkmenistan, passing through the troubled Herat, Helmand and Kandahar regions in Afghanistan via Quetta and Multan in Pakistan and finally ending at Fazilka (Punjab) in