FIPB clears 16 FDI proposals worth Rs 1,647 cr

The government has approved 16 projects envisaging foreign investment worth Rs 1,647 crore (Rs 16.47 billion), while deferring Punj Lloyd's proposals for lack of security clearance. "Based on the......

ABG-Kolkata Port tussle headed for arbitration

The Kolkata Port Trustand Haldia Bulk Terminaltussle is heading for arbitration.KoPT is in the process of assessing the cost of damage caused due to the exit of ABG Haldia Bulk Terminal, a senior......

Haldia not ABG's only sore point

Haldia Bulk Terminal is not the only project ABG has exited in recent times.Earlier this month, the company had terminated its contract with the Kandla Port Trust. It had also washed its hands off......

Benefits of port liberalisation

In contrast to the rest of India, where it is the government that predominantly owns and manages ports, Gujarat has implemented various forms of port liberalisation since the 1990s. This has helped......