Outward shipments from the government-owned SEZ in Kandla, Santacruz, Noida, Madras, Cochin, Falta and Vishakhapatnam grew by 16 per cent to Rs 45,777 crore (Rs 457.77 billion) in the last fiscal from Rs 39,275 crore (Rs 392.75 billion) in the previous year, the outcome Budget of the ministry of commerce said.
JNPT, the country's largest container port at Navi Mumbai, and Kandla in Gujarat's Kutch, the largest port by total cargo, will come together to form a Special Purpose Vehicle to operate the terminal at Chabahar, under a revenue-share agreement with the Port and Maritime Organisation, Iran.
Vagela could not have reached this position if Narendra Modi, who'd known him from his chief minister days, had not backed the choice.
Asia's first Special Economic Zone, the Kandla Special Economic Zone (KASEZ), will go completely wi-fi in the next few months.
The Janata Dal-United president alleged that the conspiracy to malign him was hatched at the residence of Congress chief Sonia Gandhi.
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
The 80-odd projects completed till now are already valued at Rs 14,000 crore.
Iran's growing proximity to China may have also played a part.
The government has said it will examine proposals for the simplification of procedures for export oriented units and special economic zones in a time-bound manner.
The government will chart out a plan for the evacuation of seafarers stuck on international waters amid the Covid-19 pandemic, Union Minister Mansukh L Mandaviya has said. Thousands of Indian seafarers are currently stuck aboard cruise ships and cargo vessels in far off waters, and maritime bodies have been demanding from the government strategies for bringing them home fearing that delays might result in disruption in supply chain.
Fertiliser cooperative Iffco on Wednesday shut down its urea plant at Kalol, Gujarat, in order to produce more ammonia for its phosphatic fertilisers plant in nearby Kandla.
A vessel carrying 22,000 tonnes of Indian wheat sailed for Iraq early this week, nearly 20 months after Baghdad rejected consignments from the subcontinent over quality concerns, traders said on Thursday.
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.
The development comes after a recent notification from the Union home ministry, which has permitted companies to resume manufacturing operations and reopening of shops in red, green and orange zones with certain riders.
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
Gujarat state administration is preparing to face 'Cyclone Nilofar', which has developed in the Arabian Sea and is likely to move towards the state's coast, Gujarat meteorological department said.
In the next 25 years, the Mumbai port will need five terminals because the current passenger traffic of 200,000 is expected to climb to 4 million.
'We will be able to provide 450 square feet house in Rs 5 lakh,' Nitin Gadkari said.
The Chabahar port, located in the Sistan-Balochistan province on the energy-rich Persian Gulf nations southern coast, lies outside the Persian Gulf and can be easily accessed from India's western coast, bypassing Pakistan.
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).
On June 1, 2010, under Indian Ports Act, 1908, govt declared Port Blair as 13th major port in India
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.
The Directorate of Revenue Intelligence (DRI) has slapped a Rs 5,500-crore show-cause notice on Adani group for alleged over-valuation of capital equipment imports.
The decision was taken in the meeting of the Board of Approval headed by Commerce Secretary Rajeev Kher on September 18.
Different circuits have been designed, depending on the tourists' preference, connecting the Rann Utsav at Kutch with the ports at Mundra and Kandla.
The government is considering giving financial incentives of up to Rs 1.5 lakh on surrender of over-ten-year-old vehicles to check pollution.
The Development Commissioners have recommended to the Board of Approval to cancel these SEZ projects.
Each port will construct one smart city.
"The prime minister is afflicted with an unhealthy mindset," Sharma said.
Billionaire Gautam Adani-led Adani Group on Monday announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tons per annum by 2020.
Street believes premium valuations justified, as port traffic is expected to grow at a CAGR of 16% over FY14-16.
UDAN demonstrates that good policy-making can fulfill important public requirements without requiring budgetary support, says MoS for civil aviation Jayant Sinha.
Indian cotton and paddy could see their competitiveness in international markets take a hit
Modi laid the foundation stone of a four-lane cable-stayed bridge between Okha and Beyt Dwarka.
India owes Iran around $8.8 billion primarily on account of crude oil imports.
The move will lead to augmentation of water infrastructure in the country
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