Search Keyword: Maritime
Mangal Dev, Head of Hitachi Rail Systems Co., India & South Asia Region affirms that the time is ripe for the development of a network of bullet train projects in the country.
His company has outlined a whopping Rs 88 billion expansion plan that will take cumulative strength of its ports from 75 mtpa to 200 mtpa by 2021.
The Government of India has embarked on the Sagarmala Programme with a vision to reduce logistics cost for both domestic and EXIM cargo and utilise the waterways to their potential.
We are planning to raise Rs 2.9 lakh crore from the equity market, Rs 1.06 lakh crore from private investments and Rs 2.19 lakh crore from Central Road Funds (CRF) or toll-operate-transfer (TOT) or toll road (BOT) projects.
Over the past 10 years, India has successfully executed projects such as the Golden Quadrilateral road programme and port expansion projects in the country.
With an outlay of Rs 1,773 for the year 2017û18, the government has set the ball rolling for the port sector. To promote port-led development in India, Rs 600 crore has already been allocated for the Sagarmala Programme.
The Shipping Corporation of India Ltd (SCI) received an award from Maritime Gateway as “Coastal Shipping Operator of the Year – 2017 in recognition of its service to the customers and Nation through coastal operations beyond commercial considerations thereby contributing to the cause of promoting coastal shipping.
Ernst & Young (EY), in association with the Andhra Pradesh Chambers of Commerce and Industry Federation, on the occasion of the East Coast Maritime Business Summit, has released a detailed research report on India's maritime sector.