It is a well-known and widely accepted datum that infrastructure is the backbone of a sound and growing economy. Amongst all infrastructure, the transport sector facilitates trade and migration, thereby raising productivity in other parts of the economy and directly contributing to the economic growth.
Tag: transport.
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India represents a $3.1 trillion climate investment opportunity
At the outset, Aditi Maheshwari, Climate Change Policy Specialist at the Washington DC-based International Finance Corporation (IFC) of the World Bank Group might appear to be demure, even reticent.
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Large-scale hybrid battery system demonstration project to launch in Germany
Japan's New Energy and Industrial Technology Development Organization (NEDO); the Ministry for Economics, Labour and Transport of Niedersachsen of the Federal Republic of Germany; EWE-Verband, an association managing the electric power supply to 17 districts and four cities in Niedersachsen, and EEW Holding have agreed to jointly implement a demonstration project on a large-scale hybrid battery system.
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The Union Budget has a progressive outlook
The Union Budget for fiscal 2018 has a progressive outlook and encourages investments with initiatives like affordable housing being given infrastructure status to avail new funding avenues. The Budget has expanded the scope for the capital and bond markets.
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Ezyhaul gets $840k seed funding
Start-up Ezyhaul has raised roughly $8,40,000 in seed funding to expand its market presence this year. The Singapore-based firmĆās investment came from a group of logistics industry leaders it has declined to name.
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Guj attracts major export earnings
Gujarat, widely acknowledged as the most business-friendly state in India, figures among the top five states that account for 69 per cent of the countryĆĀ“s total export earnings.
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Lack of infrastructure is a basic problem
More than 90 per cent of IndiaĆĀ“s inbound and outbound cargo is moved by the freight forwarding industry. Our association is the apex body and is a national body for this industry. We are a very important link between the trade and the government as we represent the interests of the trade to the government and assist in bringing the relevant policies to the trade.
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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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Govt relaxes cabotage rules to boost transshipment
To promote transshipment at Indian ports, the Shipping Ministry has allowed relaxations in cabotage rules. Cabotage is the transport of goods or passengers between two places in the same country. Transshipment is the movement of goods and containers to an intermediate destination.
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Arnab Bandyopadhyay, Lead Transport Specialist and Dipan Bose, Transport Specialist World Bank
Engineering issues in road safety management pertain to two main areas, i.e. road infrastructure safety and vehicle safety.