The just concluded India Integrated Transport and Logistics Summit injected a major booster to improve multi-modal logistics as it brings investment commitment of Rs.2 lakh crore, Union Transport Minister said, adding that in the event, which resulted in inking 34 MoUs, the government tried to get States‘ support, including those from the North-East, for multi-modal […]

In its quest to build top-class rail network across the state, the Railway Minister recently laid the foundation stone of 20 projects in Vidarbha region of Maharashtra, which also included a rail line in naxal infected Gadchiroli district, the first time in the region. Nagpur is an important centre and the government is focused on […]

Soon, the Metro would sport the Made-in-India tag. To help achieve the federal objective of making the South Asian nation a manufacturing hub, New Delhi has set local procurement norms for the entire value chain of the Metro commuter services running in various cities. The urban development ministry has stipulated mandatory conditions in the tender […]

Indian Railways is on track to set up 60 freight terminals on public-private partnership basis in this financial year, buoyed by increased freight loading in the previous fiscal. The Rs 5,000-crore plan will help add nearly 55 million tonnes to the total loading capacity of the railways, officials said. The new freight terminals will mostly […]

India’s 12 major ports as well as some shipping entities may raise loans amounting to Rs 50,000 crore in US dollars at nominal interest rates to provide fillip to infrastructure, Union Minister Nitin Gadkari has said. After Jawaharlal Nehru Port Trust’s (JNPT’s) $400 million foreign denominated loan, another major Port Kamrajar (earlier Ennore) is in […]

The Government of India and the Government of Japan have inked a Memorandum of Cooperation (MoC) for Mumbai-Ahmedabad high speed rail project, to manufacture rolling stock under the Make in India initiative. Two train sets having maximum speeds of 160 kmph have also been included in a production programme for FY 2018 for Integral Coach […]

Marine freight industry to reach value of $210 billion by 2021, helped by return of global demand as oil prices increase. The global marine freightBSE 0.00 % industry has struggled in recent years, suffering from a negative compound annual growth rate (CAGR) of 3.3% between 2012 and 2016 amid an increasing oversupply and a collapse […]

Iron ore shipments handled by the country’s 12 major ports surged 169 per cent to 38.61 million tonnes (MT) in the April-January period of this fiscal. The government-owned ports had handled 14.37 MT of the key steel-making raw material in the corresponding period of the previous financial year. The Indian Ports Association (IPA), which maintains […]

Siemens today said it has won a combined order worth Rs 319 crore from the Indian Railways’ Diesel Locomotive Works (DLW). The company has bagged an order worth Rs 98 crore DLW to design, supply and install 48 alternating current (AC) traction systems for dual cab high horsepower diesel engine locomotive for Indian Railways, it […]

Adani Ports and SEZ Ltd will invest Rs 6,000 crore for the development of third phase of Mundra Port. The upcoming capacity expansion of Mundra Port, touted as one of the top multi-purpose ports in the country in terms of traffic held, would lead to employment generation for 600 people, sources said. A token MoU […]