Japan's Nissan Motor Corporation, which is planning to manufacture small cars from its upcoming facility near here, on Friday signed an agreement with Ennore Port (EPL) to export the cars to European markets.
As per the agreement, Nissan Motor India 'can enjoy concessions in the wharfage up to 60,000 units per annum.'
Despite ongoing tensions in West Asia, the successful arrival of the LPG carrier 'Nanda Devi' in Gujarat ensures a steady supply of liquefied petroleum gas to India, highlighting the country's efforts to secure its energy needs.
Chennai and Ennore ports are set to become hub for car exports from South India. After Hyundai, the two ports have started attracting global manufacturers like Renault SA, Nissan, and Ford.
Hyundai Motor India Limited plans to set up its own facility at the Chennai port for parking its vehicles for shipment, a top Hyundai official said on Wednesday.
Sri City in Andhra Pradesh is dubbed the "Cooling City" of India, accounting for nearly 40 per cent of the air conditioners (ACs) manufactured in the country. On Tuesday, this industrial hub added one more feather to its cooling credentials. Carrier Air Conditioning and Refrigeration Ltd, the Indian arm of the oldest AC company in the world, Carrier Global, signed a deal to invest around ~1,000 crore for a new manufacturing unit at Sri City.
The $22.8 billion CK Hutchison ports deal intensifies geopolitical tensions between the US and China. Chinese media has already called it 'a betrayal of all Chinese people'. Shyam G Menon explains how the proposed sale will reshapes global trade infrastructure.
The first trial consignment of six cars left for Barcelona from its Oragadam plant (near Chennai) through the Ennore Port, on Monday.
The first major consignment of 3,886 Micra cars left the Ennore Port for European markets on Tuesday, Nissan Motor India said.
The capacity of the proposed facility, part of Indian Oil's Rs 56,000-cr investment plan during the 12th Plan, will be five mt a year.
On June 1, 2010, under Indian Ports Act, 1908, govt declared Port Blair as 13th major port in India
The promoter entities of JSW Group are in talks with several electric-car manufacturers in China to launch an electric car for the Indian market at Rs 15-20 lakh, a source close to the development said.
Minister of State for Shipping Pon Radhakrishnan said the vessel had more than 32,000 tonne of oil and has been emptied.
Centre might move swiftly on its next round of strategic sales in CPSEs
India's strategy to beat Colombo port is flawed as there are likely to be too many domestic ports competing among themselves instead of targeting the competition, says Michael Pinto.
The protocol is being maintained with all help in case of fever or sickness to those on board.
The Shipping Ministry will award 30 port projects during the current financial year, which are likely to come up at an investment of about Rs 25,000 crore (Rs 250 billion).
A task force, under the chairmanship of the secretary (tourism), with the secretary (shipping) as co-chairperson, has been constituted to promote cruise tourism in the country, reports Megha Manchanda.
Stock to watch: Shipping Corporation and Great Eastern Shipping
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced the acquisition of a 95 per cent stake in Gopalpur Ports in Odisha from Shapoorji Pallonji Group and Orissa Stevedores Ltd at an equity value of Rs 1,349 crore. In Gopalpur Ports, Shapoorji Pallonji Group (SP Group) firm SP Port Maintenance Pvt Ltd has a 56 per cent stake and Orissa Stevedores Ltd (OSL) has a 44 per cent stake. Gopalpur Port is an all-weather deep-water berthing port with a capacity of 20 million tonnes per annum (MTPA) situated in Ganjam district of Odisha.
Adani Ports has agreed to acquire DhamraPort in Odisha from Tata Steel and L&T Infrastructure Development Projects (L&T IDPL) for about Rs 5,500 crore.
It also expressed confidence that the cleaning operation will be finished in a couple of days.
Several persons fainted and emergency workers carried them in stretches and provided care in shelters. Over 30 people were rushed to nearby government hospitals with symptoms of dehydration.
A spectacular aerial display showcasing the prowess and manoeuvrability of the Indian Air Force (IAF) aircraft over the iconic Marina sky captivated the hearts of Chennaiites who turned up in thousands on a sultry Sunday and witnessed the IAF's range of new aircraft including Rafale, roar in action.
OPS said over 90 per cent of the clean-up operations were over in the affected districts of Tiruvallore, Chennai and Kancheepuram.
With projects worth Rs 1,28,000-cr, the group hopes to become one of the country's biggest industrial houses.
The 80-odd projects completed till now are already valued at Rs 14,000 crore.
From being compared to her 'elder sister' in every which way, to winning an election as a legislator, to awaiting the Supreme Court's verdict, the AIADMK leader has several challenges awaiting her.
Currently, India recycles around 300 of the 1,000 ships which are demolished per annum globally. However, countries like Japan, Europe and the US were not sending their ships for recycling to India in the absence of ratification of a global convention. That scenario is set to change with the Recycling of Ships Act, 2019.
Each port will construct one smart city.
'We will be able to provide 450 square feet house in Rs 5 lakh,' Nitin Gadkari said.
The good news for the group has come from the port business.
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
Despite the BJP's displeasure over Sasikala's elevation as AIADMK general secretary, the Dravidian party has sent a message to the Modi government that it will not be cowed down, says N Sathiya Moorthy.
Taking its baby steps towards realising India's ambition to send humans into space, Indian Space Research Organisation on Thursday successfully tested the atmospheric re-entry of a crew module after its heaviest launch vehicle GSLV MK III blasted off from Sriharkota.
'You have to respect nature. You won't respect nature unless you see nature's fury.'
