Redefining and re-energizing global business
ECU Worldwide reaches out to customers/clients. ECU Worldwide, an Indian origin non-vessel operating common carriers (NVOCCs), is redefining and re-energizing its global transport and logistic business.
Monthly Archives: July 2017
Financial closure for 31 highways projects
Highlights of financing issues. Thirty-one national highways projects have reached financial closure over the last three years amidst challenging financing environment, said Minister of State for Road Transportation and Highways Pon. Radhakrishnan in a written reply to a question in the Lok Sabha on 27
WB’s US$100m for solar park developers
Roof-top solar to get another US$625m. The World Bank is providing US$100 million for development of internal infrastructure of solar parks planned by Indian Renewable Energy Development Agency Ltd (IREDA) of Ministry of New & Renewable Energy.
Industrial corridor update: DMIC in advance stage.
DMIC receives Rs.499.86 crore funding. Commerce and Industry Minister Nirmala Sitharaman has given an update on the industrial corridors being built in the country, with funding status to date.
PPP need of the hour, says Gadkari
Call for Govt, PPP, investors and banks join forces. Public private partnership (PPP) is the need of the hour given the budgetary constraints of the government, said Nitin Gadkari, Minister for Road Transport, Highways and Shipping. It was imperative that the stakeholders including the government,
GST provides SEZ investment opportunities
Tax exemption for import of raw materials. Though the 2011 imposition of Minimum Alternative Tax (MAT) had slowed down growth of special economic zones (SEZs), the implementation of Goods and Service Tax (GST) provides good investment opportunities in Indian SEZs, a top Commerce Ministry official
India-Japan Nuke deal a strategic partnership
Nuclear pact comes into force. The India-Japan Agreement for Cooperation in the Peaceful Uses of Nuclear Energy entered into force on July 20, 2017 with the exchange of diplomatic notes between Dr. S. Jaishankar, Foreign Secretary and H.E. Mr. Kenji Hiramatsu, Ambassador of Japan to
ASSOCHAM calls for environment-friendly fuel
UP urged to promote ethanol-fuel. Apex industry body ASSOCHAM has urged the Uttar Pradesh chief minister, Yogi Adityanath to allow all state-run buses to move on from oil-based fuel (petrol, diesel) to alternative and environment-friendly fuel like ethanol.
Industry urged to undertake critical defence manufacturing.
Focus on R&D and Technologies. India must be self-reliant in defence production and it is critical that private industry undertake defence technologies and manufacturing by understanding Indian Army’s requirements, said Lt-Gen. Sarath Chand, Vice Chief of Army Staff.
Private investments to support Rs.6.92 lakh crore highway development
Feasibility done on 87 ROBs. India is to seek private sector investment and external borrowing by National Highway Authority of India (NHAI) to fund about Rs.6.92 lakh crore for the development of National Highways during the next five years.