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As many as 52 projects for rail connectivity to ports are underway entailing an investment of Rs 44,605 crore. IPRCL has taken up 32 projects worth Rs 18,253 crore across nine major ports, of which eight projects worth Rs 175 crore have been completed. In addition, 23 rail connectivity projects worth Rs 24,877 crore identified […]

The global airlines’ industry is projected to report a net profit of USD 35.5 billion in 2019, remaining profitable for the tenth straight year, helped by lower oil prices and solid economic growth. The grouping of around 290 airlines worldwide also said that the passenger numbers are expected to rise to 4.59 billion next year […]

India’s air connectivity has grown the fastest in the last five years and there is “strong growth” ahead in terms of domestic passenger numbers though there are infrastructure challenges, according to global airlines’ body IATA. India is the fastest growing domestic aviation market in the world. The country registered double-digit growth in domestic aviation market […]

Responding to a query in the Lok Sabha, Minister of State for Civil Aviation Jayant Sinha provided data in which he pointed out that from January to October last year, the passenger traffic stood at 95.1 million, while this year in the same period the number of passengers grew to 114.4 million. Replying to another […]

Everstone Capital, an India and South Asia-focused private equity firm, is set to launch a $500-million joint investment vehicle along with global logistics service provider GLP which will invest in non-real estate logistics. This sector, which has become the most favoured for long-term global firms, has been helped by a boom in ecommerce coupled with […]

India’s largest container port JNPT has significantly cut export dwell time of cargo by 30.7 per cent to 63 hours and is developing an e-market portal for evacuation of import containers within 24 hours from the terminal JNPT is one of the top 12 major ports in the country under the shipping ministry. It has […]

US-based helicopter transport services provider Fly Blade Tuesday announced its foray into the domestic aviation market in a joint venture with equity investment firm Hunch Ventures. As part of its plans, the Indian subsidiary plans to offer intra-city as well as inter-city helicopter charter services, starting March next year, Blade India chief executive and former […]

Jawaharlal Nehru Port Trust’s Special Economic Zone (SEZ) is expecting to rake in Rs 900-1,000 crore from auction of a 300-acre land parcel meant for industrial area, a top official has said. The land, which will be auctioned by December-end, falls under the 670-acre SEZ developed near the port. To make the auction process attractive, […]

The Union Shipping Ministry has sought about Rs 23.5 billion in the budgetary allocation from the finance ministry an increase of 25 per over last year. This is to primarily fund the inland waterway projects. “A major share of the allocation would be spent on the inland waterways programme as the government aims to project […]