The nations involved in the proposed IMEC collectively account for nearly half of global GDP, totalling $47 trillion. Therefore, to fully unlock the benefits of this multilateral initiative of immense geopolitical significance, they must work towards resolving security concerns and harmonising trading regulations, writes Manish Pant. Experts often refer to the proposed India-Middle East-Europe Economic...
Tag: Western Dedicated Freight Corridor
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The Bailout Plan
Is the Indian Railways chugging towards a gargantuan bailout? Startling as it may sound, the question is within the realms of plausibility given the lumbering behemoth's financials.
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Railways calls off deal to manufacture Japanese locos
The Indian Railways (IR) has called off negotiations with a Japanese consortium for the acquisition and indigenous manufacture of Next-Gen locos of 9,000 horsepower under what had been proposed as a Transfer of Technology (ToT) agreement.
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Railways may renegotiate DFC loan condition
The Railways is contemplating to renegotiate loan condition with Japan for procuring high horsepower electric locomotives for the Western Dedicated Freight Corridor (DFC) as the procurement award is stuck over the pricing front.
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Japanese majors eye electric loco supply deal
Japanese majors, such as Toshiba, Kawasaki Heavy Industries, Mitsubishi Corporation, Mitsubishi Electric and Mitsui are keen on participating in the supply of 200 electric locomotives to Indian Railways for use on the Western Dedicated Freight Corridor and its feeder lines.
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Negative VGF: A new angle in confidence?
Roads Minister CP Joshi recently remarked that the success of NVGF bids reaffirms the confidence of developers in the efforts taken by the government in the highways sector, and that investors see prospects in the road sector.
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Changes proposed in DMIC
The commerce and industry ministry is revamping the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) along the much-awaited Western Dedicated Freight Corridor to ensure that private players do not profit from funds provided by the government.