In the months to come, India can undoubtedly pick a few lessons from China and with appropriate improvisations lead the way to making policy changes that bring in a radical change in the ease of doing business as well as supplying its domestic needs and international demands. By DR. POORNIMA ADVANI

In the months to come, India can undoubtedly pick a few lessons from China and with appropriate improvisations lead the way to making policy changes that bring in a radical change in the ease of doing business as well as supplying its domestic needs and international demands, points out DR. POORNIMA ADVANI

Hindalco Industries Ltd and Hindustan Copper Ltd (HCL), a Miniratna central public sector enterprise (CPSE) on Thursday signed a memorandum of understanding (MoU) for the long-term purchase and sale of copper concentrate produced by HCL.

In VO Chidambaranar Port (VOC) in Tuticorin, coal imports surged at with a cargo volume of 106,17,791 million tonne (mt) handled in 2012-13. With this, the volume the port handled has surpassed the past record of 92,76,356 mt in the earlier year.

VO Chidambaranar Port Trust has stated that the port has handled 1,39,610 tonne of cargo, surpassing the previous record of 1,17,641 tonne achieved on July 11 in 2009. The major cargo that contributed to the achievement are: industrial coal, thermal coal, containers cargo, gypsum, limestone and copper concentrate.

D Dhanavel, General Manager of projects at Sterlite Industries (India) informed that the firm exercised force majeure on purchases of copper concentrates, the base material used by the plant. The company took this move following the recent closure of its smelter plant in Tamil Nadu after complaints of a gas leak

In order to handle more quantity of cargoes like coal, copper concentrates, rock phosphate, the VO Chidambaranar Port at Tuticorin decided to set up four cargo berths. S Natarajan, Chairman of the port said construction of the north cargo berth (NCB)-II is in progress and it would be c

The board of trustees of VO Chidambaranar port would decide on the bid submitted by Transstroy (India) to build a Rs 355 crore berth for loading 7.28 mn t of thermal coal and copper concentrates a year. Transstroy has reportedly quoted a revenue share price bid of 28 percent. Transstroy (India) is said to be having a technical tie-up with Russia’s Corporation Tran

The infrastructure investment will reach 8.37 per cent of GDP in the terminal year of the 11th Plan (2011-12). Net bank credit to infrastructure has increased by 59 per cent over previous year. However, total FDI inflows during April-November 2010 were 26.67 per cent lower compared to the inflows during the same period in the previous year.