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The development of the Transport Infrastructure in India across various areas such as roads, railways and ports has gained tremendous pace in the last few years. The Transport sector in India is expected to grow at a compounded annual growth rate of 5.9 per cent, thereby becoming the fastest growing area of the country’s entire infrastructure sector.

The development of the Transport Infrastructure in India across various areas such as roads, railways and ports has gained tremendous pace in the last few years. The Transport sector in India is expected to grow at a compounded annual growth rate of 5.9 per cent, thereby becoming the fastest growing area of the country’s entire infrastructure sector.

In order to create a world class infrastructure, the government has laid significant emphasis on expanding and developing the sector across the country through several initiatives like the Bharatmala project, electrification of railway tracks, focus on high-speed trains, the Sagarmala programme and by actively working on e-mobility solutions for clean and cost-effective mobility of the population.

In addition, the key focus has been on enhancing the intermodal transport connectivity as well as the logistics infrastructure in the country through an effective and valuable public-private partnership (PPP). The private sector has also made a remarkable contribution to the sector by undertaking many projects for the development of infrastructure as well as catering to the financial need of the sector.

The road sector has attracted private investments with new measures like the Hybrid Annuity Model (HAM), Toll-Operate-Transfer (TOT) model, improved land acquisition process, the launch of masala bonds and Infrastructure Investment Trusts (InvITs) besides other initiatives. The Indian Railways has gained traction with investment potential in areas such as elevated rail corridor in Mumbai, some parts of dedicated freight corridor, freight terminals, redevelopment of stations and power generation/energy saving projects. The introduction of Sagarmala programme, Major Port Authorities Bill, 2016 and the ‘Landlord port’ model have all been instrumental in giving a boost to the Ports & Shipping sector.

The government is also working in tandem with various automobile companies and relevant policy stakeholders to achieve the target of selling only electric-vehicles by 2030 and has identified key areas related to transport mobility where significant policy reforms can be initiated.

A system of smart Transport infrastructure is imperative for connecting and spurring economic growth in our country. Several opportunities are available in areas like roads and highways, fast-speed trains, development of ports and multi modal hubs where private investments and policy initiatives can play an extremely important role in providing a world class infrastructure in the country.


FICCI's Engagement

India’s transport network is one of the most extensive in the world and the sector contributes significantly to the overall GDP of the country. The Government of India has recognized the challenges faced by the sector and has therefore taken several initiatives like the Bharatmala project in the Road sector, Sagarmala programme in the Ports & Shipping sector, focus on E-mobility, electrification of railway tracks and construction of multi-modal logistics parks for the development and promotion of the sector.

With a view to create a platform for all the stakeholders and for the conducive growth & development of the sector (Ports & Shipping, Roads & Highways, Civil Aviation and Railways), the Transport Infrastructure Division of FICCI works with the Central and State Governments, National & International development organizations like World Bank, Asian Development Bank, Japan International Cooperation Agency (JICA) and various other stakeholders to enhance efficiency and global competitiveness of the Indian transport infrastructure sector.

The Transport Infrastructure division discusses policy, regulatory and procedural issues with its members and industry experts for recommending appropriate reforms to the government for the development of the sector. For a conducive business environment, the division highlights encumbrances being faced by the industry players in the process of development of the sector and interacts with various national / international agencies for making feasible measures to overcome those encumbrances.

FICCI Transport Infrastructure Division supports the Government in its efforts towards projecting the infrastructure development. It act as a reference point for investors (domestic & international) interested in the sector and disseminates information related to government guidelines, investment opportunities, government & development agencies (which are involved in the development process of the sector).

For the promotion of the sector, the transport infrastructure division of FICCI works proactively to suggest necessary steps during the process of policy formation, budgetary allocation and forming of legal framework by the government. To maintain smooth progress, the division also advices the government to make essential provision for timely upgradation of the policies on the basis of regular feedback from its members and industry players.

The Division organizes several investment promotion programmes, conferences, seminars and workshops on a regular basis for facilitating interaction between various government agencies, international bodies, industry players and its members to provide a platform for raising issues pertaining to the sector, exchange of ideas and for exploring business opportunities among the varied stakeholders of the transport infrastructure sector. The division also collaborates with various consultancies and think-tanks for preparing knowledge reports focusing on the crucial areas of various sectors under transport infrastructure. Such initiatives help in analyzing the present trends in the scetor and identify ways to circumvent the challenges in the sector.



Team Leader

Neerja Singh

Senior Director

Timeline

2023
May
Press Release

Government working on a policy to utilise municipal waste in road construction: Nitin Gadkari

Event

International Conference on Tunnel Construction: Emerging Trends and Opportunities

Apr
Press Release

India's Major Ports Hit Record-Breaking Milestones in FY 2022-23, Boosting Trade and Economic Growth - Sarbananda Sonowal

Study

Smart, Safe & Sustainable Ports

Event

Developing Ports for the Future: Accelerated Shift towards Smart, Safe & Sustainable: 2nd edition of Port Infrastructure Conclave

Jan
Press Release

Future mobility must be sustainable in economy, ecology and environment: Nitin Gadkari

Press Release

Government working on adopting pre-fabricated materials in construction: General (Dr) V K Singh

Event

Conference on Decarbonising Construction: Building a Low Carbon Future

2022
Nov
Press Release

PM GatiShakti to accrue huge benefits to states: MoS Shantanu Thakur

Event

PM Gati Shakti Multimodal Maritime Summit 2022

Event

PM Gati Shakti Multimodal Waterways Summit 2022

Sep
Press Release

National Logistics Policy would reduce cost and improve competitiveness: FICCI

Event

Manthan: Ideas to Action: Towards a smart, sustainable road infra, mobility and logistics ecosystem

Aug
Press Release

Government formulating a model to allow small investors to invest in road projects: Nitin Gadkari

Event

3rd edition of Roads and Highways Summit

Press Release

Public Private Partnership in port sector crucial; efforts of all stakeholder imperative in making it more efficient: Chairman, IWAI

Event

Maritime Public Private Partnership Conclave 2022

May
Press Release

Ministry of Tourism has sanctioned ten projects under Coastal thematic circuits amounting to Rs. 648.80 crore: Union Minister Gangapuram Kishan Reddy

Press Release

India is going to be a magnificent cruise destination - Sarbananda Sonowal, Minister of Ports, Shipping and Waterways and AYUSH

Event

Incredible India International Cruise Conference

Apr
Press Release

Waterways could provide the greatest opportunities for young entrepreneurs - Sarbananda Sonowal

Event

Waterways Conclave 2022

Mar
Press Release

Key ideas on sustainable mobility deliberated during interaction with Industry and State Transport Commissioners

Press Release

Indian Railways to achieve net-zero carbon emission by 2030: RN Singh, Secretary, Railway Board

Event

Future of Rail Transport: New India@75
4th edition of Smart Railways Conclave

2021
Oct
Press Release

Government aims at INR 2 lakh crore ethanol economy: Nitin Gadkari, Minister of Road Transport & Highways, GoI

Event

Alternative Fuels Roadmap for India@75: Moving towards Green Transportation 2nd Edition of Conference on Future Fuels for Transportation

Aug
Press Release

Inland Vessel Act, 2021 will usher a new era & promote Ease of Doing Business: Sarbananda Sonowal, Minister, Ports, Shipping & Waterways

Event

Developing Ports for the Future: New India@75 Ports Infrastructure and Logistics Conclave

Event

Webinar on Accelerating the EV Ecosystem: Towards a Greener and Cleaner India@75

Jun
Press Release

Govt relentlessly working to make highways the mainstay of economy: Gen VK Singh, MoS, MoRTH

Study

Emerging trends and opportunities in roads and highways sector

Event

Accelerating the Road Infrastructure : New India @75 - 2nd edition of FICCI Roads and Highways Summit

Mar
Press Release

21st century will be a century of the sea, skies and space: Mansukh Mandaviya

Press Release

Govt of India committed to reduce its carbon emission by 30-35% by 2030: Nitin Gadkari

Event

Partners for growth: Unlocking sustainable and climate-resilient infrastructure opportunities between the UK and India

Press Release

Entire rail network to be fully electrified by Dec 2023; entire rail network to run on renewable energy by 2030: Piyush Goyal

Press Release

Development of port sector critical for nation development: Dharmendra Pradhan

Press Release

Potential for Seaplane operations in the country enormous: Hardeep Singh Puri

Press Release

Govt working in full steam to develop infrastructure for inner cooperation & connectivity with friendly neighbouring nations: Mansukh Mandaviya

Event

Maritime India Summit 2021

Feb
Press Release

24 countries set to participate in the 2nd MARITIME INDIA SUMMIT - 2021 which starts from 2nd March

Event

Curtain Raiser of 2nd edition of Maritime India Summit 2021

Jan
Press Release

Freight trains running at twice the speed from last year: Piyush Goyal

Study

Indian Railways 2.0 Reclaiming Pole Position in Freight Transport

Event

Future of Rail Transport: 3rd edition of Smart Railways Conclave

2020
Sep
Press Release

Indian road infrastructure industry biggest ingredient to spur economy: Gen VK Singh

Press Release

Govt focus on reducing road construction costs without compromising on quality: Nitin Gadkari

Event

BITU-CON 2020: BITUmen and Road CONstruction Industry: Virtual Conference & Expo

Aug
Event

Webinar on Technology Driving an Autonomous Supply Chain a Reality Today

Jul
Press Release

Indian Railways confident to complete entire 2800 KM corridor projects by 2022: MD, Dedicated Freight Corridor Corporation India Ltd

Event

Webinar on Opportunities in Indian Railways: Fostering Infrastructure for Future

Event

Webinar on Natural Gas as a Transportation Fuel: Paving the way for NGV Growth

Event

Webinar on Biofuel Roadmap for India: Moving towards Green Transportation

Jun
Event

Webinar on Business Continuity plan for Indian Maritime Sector and Path to Recovery Post COVID-19

Event

Webinar on Business Continuity plan for Electric Mobility and Rebooting to the New Normal

Event

Webinar on Impact of Pandemic on Indian Bitumen Market and Opportunities Ahead

Press Release

State Transport Undertakings should adopt innovative models to improve financial health - Advisor, NHAI, MoRTH

Event

Webinar on Business Continuity Plan for Efficient Public Transportation and Path to Recovery Post COVID-19

May
Press Release

Start-up companies can now bid in railway tenders - Member Railway Board

Event

Webinar on Business Continuity Plan for Railway Sector and Path to Recovery Post COVID-19

Apr
Event

Industry Interaction with Shri Mansukh Mandaviya, Minister of State (IC) for Shipping and Minister of State for Chemical and Fertilizers, Government of India

Event

Interactive session with Shri N Sivasailam, Special Secretary - Logistics, Ministry of Commerce & Industry

Press Release

India should convert this crisis into an opportunity: Nitin Gadkari

Event

Shri Nitin Gadkari, Hon'ble Minister of Road Transport and Highways and Micro, Small and Medium Enterprises, GoI to interact with industry members

Feb
Event

Stakeholders Conference for Development and Promotion of Cargo Movement on National Waterway -1

Jan
Press Release

New transport policy within a month: Nitin Gadkari

Event

3rd Edition of International Conference & Exhibition on Public Transport Innovation: ICEPTI-2020

Press Release

2,000 fueling stations on Delhi-Mumbai Expressway, priority to LNG: Nitin Gadkari

Event

Conference on Future Fuels for Transportation

2019
Dec
Press Release

Greenhouse gas emissions in Railways cut by 25% in 2017-18: Principal Executive Director, Railway Board

Press Release

Need to reduce time frame in drafting Detailed Project Report (DPR) for road construction - General (Retd) V K Singh

Study

Paving future roads for India

Event

Conference on New and Emerging Technologies in Road Construction

Oct
Event

Stakeholder Consultation on Small Shipbuilding / Ship Repair Industry with Shri Mansukh Mandaviya, Hon'ble Minister of State (IC) for Shipping and Minister of State for Chemical & Fertilizers, Government of India

Sep
Event

2nd Edition of Infrastructure Financing Conclave

Jul
Event

Special Session: India-Russia Panel Discussion on Perspectives of Bilateral Cooperation in the field of Civil Shipbuilding

Press Release

India to have its voice heard at global forums like IMO: Shipping Minister

Study

Fueling the Maritime Sector: IMO 2020 and Beyond

Event

Conference on Fueling the Maritime Sector: IMO 2020 Regulations & Beyond

Jun
Event

FICCI Call on Meeting with General V K Singh, Union Minister of State for Road Transport & Highways

Mar
Study

Rekindling private investment in Roads and Highways

Event

Roads and Highways Summit: Path to transforming India

2018
Nov
Press Release

Avoiding death on roads should be prioritised at par with national security: Meenakshi Lekhi

Press Release

6 Corporate Champions bag FICCI Road Safety Awards 2018

Oct
Event

Business Delegation on Smart Mobility to Israel

Sep
Study

Newsletter: May-July 2018

Study

Newsletter: Nov 2017 - April 2018

Aug
Press Release

6000 railway stations to be Wi-Fi enabled in about 6 months: Railways & Coal Minister Piyush Goyal

Study

Technology: Transforming Railway Transportation

Study

Railway sector - A key driver for 'Make in India' program

Event

Smart Railways Conclave 2018

May
Event

AIIB Lead-up Event in Guwahati: Physical and Social Infrastructure for Regional Development

Apr
Press Release

Tighter laws, strict enforcement and culture-change vital for ensuring safety on roads: Baijayant 'Jay' Panda, MP

Feb
Event

Conference on Infrastructure Contracts Management

2017
Dec
Press Release

FICCI welcomes Centre's approval for electric vehicle-based public transportation in 11 cities

Nov
Press Release

London Transport Model is being looked upon by the Government to replicate on Indian city roads

Press Release

India's transition to electric mobility system can save US$330 billion by 2030

Study

Enabling the Transition to Electric Mobility in India

Event

Smart Mobility Conference

Event

18th World Road Meeting (WRM)

Aug
Study

Newsletter: May-July 2017

Jul
Study

FICCI-E&Y Report - "Revival of PPP momentum in the transport sector"

Event

India PPP Summit 2017

Jun
Study

Reforms on Track: Accelerating Indian Railways' Investment Trajectory

Study

Indian Railways Stations Redevelopment - Transforming and Creating New Win-Win Opportunities

Event

SMART Railways Conclave

Apr
Study

Newsletter: February-April 2017

Mar
Event

Curtain Raiser event for "India Integrated Transport & Logistics Summit 2017"

Feb
Event

FICCI Infrastructure Delegation to Nepal

Jan
Study

Newsletter: November 2016 - January 2017

2016
Nov
Event

Roundtable Discussion with Asian Infrastructure Investment Bank

Oct
Event

FICCI Infrastructure Delegation to US and Canada

Sep
Event

Infrastruture Financing Conclave

2015
Oct
Press Release

16 road projects under PPP mode to be announced in Dec.; plans to roll out

Study

Restoring the momentum and reviving PPPs in India

Event

India PPP Summit 2015

Event

Interactive Session with Canadian Railway Mission

Sep
Event

FICCI Infrastructure Delegation to United States and Canada

Jul
Press Release

FICCI comments on the Cabinet Approval on the redevelopment of railway stations

Jun
Event

National Conference on Inland Waterways: Issues, Options and Strategies

Jan
Event

India Maritime Conference 2015

2014
Nov
Study

India Ports & Shipping Conference

Event

India Ports & Shipping Conference

Sep
Event

India Infrastructure Summit

Aug
Press Release

FICCI comments on Govt.'s decision to allow FDI in railway infra.

Jul
Study

Public Private Partnership in India - at the Crossroads

Event

India PPP Summit 2014

Press Release

FICCI Comments on Rail Budget

Jun
Press Release

FICCI Comments on Rail Fare Increase

2013
Sep
Event

India Infrastructure Summit 2013

Aug
Event

Workshop on Role of Technical Consultants in Highway Projects : Issues & Challenges

Jul
Event

Seminar on 'Applicability & Use of FIDIC Contracts in Indian Context'

Apr
Study

Public Private Partnership: The next continuum

Event

India PPP Summit 2013

Jan
Event

Conference on Accelerating the Development of Highways in India

2012
Oct
Study

India Maritime 2012 Building a Global Maritime Sector

Event

India Maritime Conference 2012

Aug
Study

India Infrastructure Summit 2012

Event

India Infrastructure Summit 2012

Jun
Study

Construction Industry: Accelerating Infrastructure Development in India

Event

Seminar on Construction Industry: Accelerating Infrastructure Development in India

May
Event

India Urban Transport Summit - 2012

Mar
Event

Port Finance Conference

Press Release

Railway Budget: Noble intentions but implementation will remain a challenge

Policy

Railway Budget: Noble intentions but implementation will remain a challenge

Feb
Event

Interactive Session with US Ports & Maritime Technology Trade Mission

Policy

Issues in Infrastructure Development in India

Jan
Event

India PPP Summit 2012

2011
Nov
Event

National Convention - Logistics and Supply Chain Management

Sep
Event

India Infrastructure Summit

Aug
Event

National Conference on Ports & Shipping

May
Event

FICCI Roundtable on PPP Policy for Infrastructure Sector

Mar
Event

Interactive Session with Italian Infrastructure Business Mission

Feb
Event

Roundtable Discussion with Ms Lakshmi Venkatachalam Vice President (Private Sector and Co-Financing Operations) Asian Development Bank–Manila

Jan
Event

Roundtable Discussion on Innovation in Infrastructure Financing in India

2010
Aug
Event

National Conference on Ports & Shipping

Apr
Event

India Infrastructure Summit '10

Feb
Event

Roundtable on Indo-Turkish Collaboration in Road Transport and Highways

2009
Jul
Event

National Seminar on Accelerating the Pace of Highways Development in India

Mar
Event

India Infrastructure Summit'09

Curtain Raiser for 3rd Edition of Global Maritime India Summit 2023

Jul 18, 2023

Mumbai

Warehousing and Supply Chain Summit
Building Reliable, Resilient and Sustainable Supply Chains

Jul 27, 2023

FICCI, New Delhi
Events

Jul, 2023

Green Ports & Shipping Conclave 2023: Unlocking Opportunities for a Sustainable Future

Jul 14, 2023, FICCI, New Delhi

May, 2023

International Conference on Tunnel Construction: Emerging Trends and Opportunities

May 17, 2023, FICCI Federation House, New Delhi

Apr, 2023

Developing Ports for the Future: Accelerated Shift towards Smart, Safe & Sustainable: 2nd edition of Port Infrastructure Conclave

Apr 28, 2023, FICCI, Federation House, New Delhi

Jan, 2023

Conference on Decarbonising Construction: Building a Low Carbon Future

Jan 13, 2023, FICCI Federation House, New Delhi

Nov, 2022

PM Gati Shakti Multimodal Maritime Summit 2022

Nov 23, 2022, Hotel Oberoi Grand, Kolkata

PM Gati Shakti Multimodal Waterways Summit 2022

Nov 11, 2022, Deendayal Hastkala Sankul (Trade Centre and Museum) Varanasi, Uttar Pradesh

Sep, 2022

Manthan: Ideas to Action: Towards a smart, sustainable road infra, mobility and logistics ecosystem

Sep 08, 2022, Bengaluru

Aug, 2022

3rd edition of Roads and Highways Summit

Aug 23, 2022, Hybrid, FICCI Federation House

Maritime Public Private Partnership Conclave 2022

Aug 17, 2022, Hotel Taj Bengal, Kolkata

May, 2022

Incredible India International Cruise Conference

May 14, 2022, Mumbai

Apr, 2022

Waterways Conclave 2022

Apr 11, 2022, Hybrid, Dibrugarh, Assam

Mar, 2022

Future of Rail Transport: New India@75
4th edition of Smart Railways Conclave

Mar 11, 2022, Virtual Platform, 10:30 hrs - 16:30 hrs.

Feb, 2022

Webinar on Facilitating Trade through Inland Waterways: Addressing the Opportunities and Challenges (postponed)

Feb 25, 2022, Virtual Platform

Oct, 2021

Alternative Fuels Roadmap for India@75: Moving towards Green Transportation 2nd Edition of Conference on Future Fuels for Transportation

Oct 08, 2021, Virtual Platform

Aug, 2021

Developing Ports for the Future: New India@75 Ports Infrastructure and Logistics Conclave

Aug 27, 2021, Virtual Platform, 10:00 hrs - 16:30 hrs

Webinar on Accelerating the EV Ecosystem: Towards a Greener and Cleaner India@75

Aug 25, 2021, Virtual Platform

Jun, 2021

Accelerating the Road Infrastructure : New India @75 - 2nd edition of FICCI Roads and Highways Summit

Jun 25, 2021, Virtual Platform

Mar, 2021

Partners for growth: Unlocking sustainable and climate-resilient infrastructure opportunities between the UK and India

Mar 04, 2021, Virtual Platform, Thursday 4 March 9.30am - 12.30pm GMT / 3.00pm - 6.00pm IST

Maritime India Summit 2021

Mar 02, 2021, Virtual Platform

Feb, 2021

Curtain Raiser of 2nd edition of Maritime India Summit 2021

Feb 11, 2021,

Jan, 2021

Future of Rail Transport: 3rd edition of Smart Railways Conclave

Jan 28, 2021, Virtual Platform

Sep, 2020

BITU-CON 2020: BITUmen and Road CONstruction Industry: Virtual Conference & Expo

Sep 10, 2020, Virtual Platform, 10:30 AM - 02:30 PM

Aug, 2020

Webinar on Technology Driving an Autonomous Supply Chain a Reality Today

Aug 13, 2020, Virtual Platform, 11:30 AM - 01:00 Pm

Jul, 2020

Webinar on Opportunities in Indian Railways: Fostering Infrastructure for Future

Jul 29, 2020, Virtual Platform, 11:30 AM - 01:00 PM

Webinar on Natural Gas as a Transportation Fuel: Paving the way for NGV Growth

Jul 24, 2020, Virtual Platform, 12:00 PM - 01:30 PM

Webinar on Biofuel Roadmap for India: Moving towards Green Transportation

Jul 10, 2020, Virtual Platform

Jun, 2020

Webinar on Business Continuity plan for Indian Maritime Sector and Path to Recovery Post COVID-19

Jun 30, 2020, Virtual Platform, 12:00 PM - 01:00 PM

Webinar on Business Continuity plan for Electric Mobility and Rebooting to the New Normal

Jun 19, 2020, Virtual Platform, 12:00 PM - 01:00 PM

Webinar on Impact of Pandemic on Indian Bitumen Market and Opportunities Ahead

Jun 17, 2020, Virtual Platform, 12:00 PM - 01:00 PM

Webinar on Business Continuity Plan for Efficient Public Transportation and Path to Recovery Post COVID-19

Jun 05, 2020, Virtual Platform, 12:00 PM - 01:00 PM

May, 2020

Webinar on Business Continuity Plan for Railway Sector and Path to Recovery Post COVID-19

May 22, 2020, Webinar, 12:00 PM

Apr, 2020

Industry Interaction with Shri Mansukh Mandaviya, Minister of State (IC) for Shipping and Minister of State for Chemical and Fertilizers, Government of India

Apr 24, 2020, Webinar, 03:00 PM

Interactive session with Shri N Sivasailam, Special Secretary - Logistics, Ministry of Commerce & Industry

Apr 22, 2020, Webinar, 03:00 PM

Shri Nitin Gadkari, Hon'ble Minister of Road Transport and Highways and Micro, Small and Medium Enterprises, GoI to interact with industry members

Apr 14, 2020, Webinar, 12:30 PM

Feb, 2020

Stakeholders Conference for Development and Promotion of Cargo Movement on National Waterway -1

Feb 11, 2020, Patna, Vihar

Jan, 2020

3rd Edition of International Conference & Exhibition on Public Transport Innovation: ICEPTI-2020

Jan 30, 2020, New Delhi

Conference on Future Fuels for Transportation

Jan 29, 2020, FICCI, New Delhi

Dec, 2019

Conference on New and Emerging Technologies in Road Construction

Dec 06, 2019, FICCI, New Delhi

Oct, 2019

Stakeholder Consultation on Small Shipbuilding / Ship Repair Industry with Shri Mansukh Mandaviya, Hon'ble Minister of State (IC) for Shipping and Minister of State for Chemical & Fertilizers, Government of India

Oct 14, 2019, FICCI, New Delhi

Sep, 2019

2nd Edition of Infrastructure Financing Conclave

Sep 18, 2019, FICCI, New Delhi

Jul, 2019

Special Session: India-Russia Panel Discussion on Perspectives of Bilateral Cooperation in the field of Civil Shipbuilding

Jul 26, 2019, FICCI, New Delhi

Conference on Fueling the Maritime Sector: IMO 2020 Regulations & Beyond

Jul 23, 2019, FICCI, New Delhi

Jun, 2019

FICCI Call on Meeting with General V K Singh, Union Minister of State for Road Transport & Highways

Jun 10, 2019, New Delhi

Mar, 2019

Roads and Highways Summit: Path to transforming India

Mar 11, 2019, FICCI, New Delhi

Oct, 2018

Business Delegation on Smart Mobility to Israel

Oct 29, 2018, Tel Aviv, Israel

Aug, 2018

Smart Railways Conclave 2018

Aug 28, 2018, FICCI, New Delhi

May, 2018

AIIB Lead-up Event in Guwahati: Physical and Social Infrastructure for Regional Development

May 14, 2018, Guwahati, Assam

Feb, 2018

Conference on Infrastructure Contracts Management

Feb 23, 2018, FICCI, New Delhi

Nov, 2017

Smart Mobility Conference

Nov 20, 2017, FICCI, Federation House, New Delhi

18th World Road Meeting (WRM)

Nov 14, 2017, New Delhi

Jul, 2017

India PPP Summit 2017

Jul 26, 2017, FICCI, New Delhi

Jun, 2017

SMART Railways Conclave

Jun 06, 2017, FICCI, Federation House, New Delhi

Mar, 2017

Curtain Raiser event for "India Integrated Transport & Logistics Summit 2017"

Mar 15, 2017, New Delhi

Feb, 2017

FICCI Infrastructure Delegation to Nepal

Feb 19, 2017, Kathmandu

Nov, 2016

Roundtable Discussion with Asian Infrastructure Investment Bank

Nov 29, 2016, New Delhi

Oct, 2016

FICCI Infrastructure Delegation to US and Canada

Oct 03, 2016, USA, Canada

Sep, 2016

Infrastruture Financing Conclave

Sep 29, 2016, Mumbai

Oct, 2015

India PPP Summit 2015

Oct 27, 2015, FICCI, New Delhi

Interactive Session with Canadian Railway Mission

Oct 13, 2015, New Delhi

Sep, 2015

FICCI Infrastructure Delegation to United States and Canada

Sep 16, 2015, Ottawa, Toronto, Washington DC, New York

Jun, 2015

National Conference on Inland Waterways: Issues, Options and Strategies

Jun 02, 2015, New Delhi

Jan, 2015

India Maritime Conference 2015

Jan 09, 2015, Bombay Exhibition Centre, Mumbai

Nov, 2014

India Ports & Shipping Conference

Nov 17, 2014, New Delhi

Sep, 2014

India Infrastructure Summit

Sep 23, 2014, New Delhi

Jul, 2014

India PPP Summit 2014

Jul 23, 2014, New Delhi

Sep, 2013

India Infrastructure Summit 2013

Sep 23, 2013, New Delhi

Aug, 2013

Workshop on Role of Technical Consultants in Highway Projects : Issues & Challenges

Aug 07, 2013, New Delhi

Jul, 2013

Seminar on 'Applicability & Use of FIDIC Contracts in Indian Context'

Jul 20, 2013, New Delhi

Apr, 2013

India PPP Summit 2013

Apr 29, 2013, New Delhi

Jan, 2013

Conference on Accelerating the Development of Highways in India

Jan 17, 2013, FICCI, Federation House, Tansen Marg, New Delhi

Oct, 2012

India Maritime Conference 2012

Oct 17, 2012, Taj Vivanta, Panaji, Goa

Aug, 2012

India Infrastructure Summit 2012

Aug 31, 2012, New Delhi

Jun, 2012

Seminar on Construction Industry: Accelerating Infrastructure Development in India

Jun 04, 2012, FICCI, Federation House, New Delhi

May, 2012

India Urban Transport Summit - 2012

May 25, 2012, FICCI, Federation House, New Delhi

Mar, 2012

Port Finance Conference

Mar 20, 2012, Hotel Novotel, Juhu Beach, Mumbai

Feb, 2012

Interactive Session with US Ports & Maritime Technology Trade Mission

Feb 23, 2012, Trident Hotel, Nariman Point, Mumbai

Jan, 2012

India PPP Summit 2012

Jan 31, 2012, FICCI, Federation House, New Delhi

Nov, 2011

National Convention - Logistics and Supply Chain Management

Nov 11, 2011, Hotel Oberoi Grand, Kolkata

Sep, 2011

India Infrastructure Summit

Sep 15, 2011, Hotel Imperial, Janpath ,New Delhi

Aug, 2011

National Conference on Ports & Shipping

Aug 25, 2011, Hotel Intercontinental - The Lalit, Sahar Airport Road, Mumbai

May, 2011

FICCI Roundtable on PPP Policy for Infrastructure Sector

May 11, 2011, New Delhi

Mar, 2011

Interactive Session with Italian Infrastructure Business Mission

Mar 22, 2011, New Delhi

Feb, 2011

Roundtable Discussion with Ms Lakshmi Venkatachalam Vice President (Private Sector and Co-Financing Operations) Asian Development Bank–Manila

Feb 08, 2011, New Delhi

Jan, 2011

Roundtable Discussion on Innovation in Infrastructure Financing in India

Jan 14, 2011, New Delhi

Aug, 2010

National Conference on Ports & Shipping

Aug 26, 2010, Intercontinental The Lalit, Sahar Airport Road, Mumbai

Apr, 2010

India Infrastructure Summit '10

Apr 26, 2010, New Delhi

Feb, 2010

Roundtable on Indo-Turkish Collaboration in Road Transport and Highways

Feb 08, 2010, New Delhi

Jul, 2009

National Seminar on Accelerating the Pace of Highways Development in India

Jul 30, 2009, New Delhi

Mar, 2009

India Infrastructure Summit'09

Mar 20, 2009, New Delhi

Chair

Mr BVN Rao

Business Chairman (Transportation & Urban Infra)
GMR Group

Co-Chair

Mr S Paramasivan

Managing Director
Afcons Infrastructure Limited

Co-Chair

Mr Vivek Lohia

Managing Director
Jupiter Wagons Limited

Chair

Mr Dhruv Kotak

Managing Director
JM Baxi Group
(Ports & Shipping)

Advisor

Mr Arunendra Kumar

Former Chairman Railway Board
Ministry of Railways

Issues in Infrastructure Development in India

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Centre & states to scrap 900,000 vehicles

The Times of India |

NHAI to raise funds for roads from market

https://www.dailyhindustannews.com/mutual-fund-like-scheme-for-retail-investors-soon-for-investing-in-road-projects-nitin-gadkari/ |

Mutual Fund-like scheme for retail investors soon for investing in road projects: Nitin Gadkari

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Business Standard |

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India to boost cruise tourism sector

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Inland Vessel Act, 2021 to promote ease of doing business in India

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India to reduce its carbon emission by 30-35% by 2030: Gadkari

India is committed to reducing its carbon emissions by 30 to 35 percent by 2030 as per the Paris Climate Agreement, Union Transport Minister Nitin Gadkari said today.

The Union Minister was addressing a virtual session on ‘India and the UK – Partners for Growth: Unlocking Sustainable and Climate-resilient Infrastructure Opportunities,’ organized by Federation of Indian Chambers of Commerce & Industry (FICCI), according to an official release.

Speaking at the meeting, Gadkari said that as per the Paris Climate Agreement, the Government of India is committed in reducing its carbon emissions by 30-35 percent by 2030.

“The UK is also committed to reducing its carbon emission to net-zero by 2050,” Gadkari added.

The minister also said that the partnership of India and the UK dates back many years and has a glorious history of working together on economy and infrastructure. “Taking lessons from history, this is time for us to act upon delivering a sustainable infrastructure without compromising on the values of ecology and environment,” he said.

Gadkari further said that as far as India is concerned, we have limited resources, a huge low-middle income population, demographic and cultural diversity but we also have a strong resolve for working towards a clean and green future.

“I strongly believe that societies must be liveable, workable, and sustainable. India has a surplus of solar energy potential that we can use for electricity generation,” he emphasized.

The minister also stated that the India and UK partnership on climate action can deliver substantial progress towards reducing emissions and helping towards resilient infrastructure globally.

He added that India-UK is exploring how to develop technology and the investment needed for the adoption of alternate and green energy sources.

“It is important to share experiences, collaborate on research and development and catalyse the private sector to invest in renewable energy,” Gadkari said.

Moreover, India is also taking several steps to achieve the nationally determined contribution targets for increasing renewable energy share through its ambitious target of achieving 450 megawatts (MW) renewable energy capacity by 2030. “One of the largest such expansion plans in the world is already underway,” he informed.

Gadkari also said that UK is the world leader in intelligent transportation systems, AI, GIS and GPS-based tools, and infrared surveillance systems.

This can be used in India’s largest road network can be facilitated with these advanced technologies for effective traffic movement and road asset management, he said, adding that, “We aim to learn success stories of each other to enhance our mutual knowledge as two great nations.”

At the meeting, UK International Champion on Adaptation and Resilience for the COP26 Presidency Anne-Marie Trevelyan said that India has taken several successful steps towards climate change. Like the UK, India has shown its adaptation plans are at the heart of its approach to climate change.

“Adaptation is the key focus of the India-UK partnership. Our common commitment to tackling climate change and the friendship between the two nations makes us ideal partners in finding solutions,” she added.

British High Commissioner to India Alex Ellis also said that one of the things which India has been a champion on is climate-resilient infrastructure in its neighbourhoods. That is what the UK also supports and will continue to support.

He further said that India’s scale and opportunities and the UK’s knowledge and expertise are a good combination.

Ten News |

Govt of India committed to reduce its carbon emission by 30-35% by 2030: Nitin Gadkari

Nitin Gadkari, Minister for Road Transport & Highways and MSME, Govt of India today said that the partnership of India and UK dates to many years and have a glorious history of working together on economy and infrastructure. Taking lessons from history, this is time for us to act upon delivering a sustainable infrastructure without compromising on the values of ecology and environment, he added.
Addressing the virtual session ‘India and the UK – Partners for Growth: Unlocking Sustainable and Climate-resilient Infrastructure Opportunities’, organized by FICCI, Gadkari said that as per the Paris Climate Agreement, the government of India is committed in reducing its carbon emissions by 30-35 percent by 2030. The UK is also committed to reduce its carbon emission to net zero by 2050, he added.

Gadkari further said that as far as India is concerned, we have limited resources, huge low-middle income population, demographic and cultural diversity but we also have a strong resolve for working towards a clean and green future. “I strongly believe that societies must be liveable, workable and sustainable. India has a surplus of solar energy potential that we can use for electricity generation. This is the time for us to act upon delivering a sustainable infrastructure without compromising on the values of ecology and environmental,” he emphasized.

Gadkari stated that the India-UK partnership on climate action can deliver substantial progress towards reducing emissions and helping towards resilient infrastructure globally.

India-UK, he said are exploring how to develop technology and the investment needed for adoption of alternate and green energy sources. “It is important to share experiences, collaborate on research and development and catalyse the private sector to invest in renewable energy,” said Gadkari.

India is taking several steps to achieve the national determined contribution targets for increasing renewable energy share through its ambitious target of achieving 450 MW renewable energy capacity by 2030. “One of the largest such expansion plans in the world is already underway,” he informed.

Gadkari also said that UK is the world leader in intelligent transportation system, AI, GIS and GPS based tools and infrared surveillance systems. This can be used in India’s largest road network can be facilitated with these advanced technologies for effective traffic movement and road asset management. “We aim to learn success stories of each other to enhance our mutual knowledge as two great nations,” he noted.

He further stated that currently we are constructing highways at the rate of 33 kms per day which might be a world record. “My aim is to construct over 60,000 kms of highway in the next 5 years at the rate of more than 40 kms per day,” he added. The government is also developing 22 greenfield expressways along with access control corridors as a part of Bharatmala Pariyojna at a cost of Rs 3.32 lakh crore and these corridors will be completed before 2025.

The government, he said is developing 35 multimodal logistic parks with cold storage facilities and it will help in reducing logistic time and decongestion of our cities.

Anne-Marie Trevelyan, UK International Champion on Adaptation and Resilience for the COP26 Presidency and Minister of State (Minister for Business, Energy and Clean Growth) said that India has taken several successful steps towards climate change. Like the UK, India has shown its adaptation plans are at the heart of its approach to climate change. “Adaptation is the key focus of the India-UK partnership. Our common commitment to tackling climate change and the friendship between the two nations makes us ideal partners in finding solutions,” she added.

She emphasized that it is critical that we all devise comprehensive policy framework to develop climate resilient infrastructure. This will significantly reduce socio-economic vulnerability to natural disasters by anticipating, preparing for, and adapting to climate change conditions.

Alex Ellis, The British High Commissioner to India said that one of the things which India has been a champion on is climate resilient infrastructure in its neighbourhoods. “That is what UK also supports and will continue to support,” he added.

He further said that India’s scale and opportunities and the UK’s knowledge and expertise are a good combination.

Kolluru Krishan, Chairman, FICCI Climate Change Committee and Chairman, CVC Infrastructure Pvt Ltd said that when we talk of climate in resilient infrastructure and adaptation, the two sectors which are very important include transportation and the impact it has on MSMEs.

The Hindu |

India pushes for Chabahar in India-Iran-Russia INSTC corridor

India wants Chabahar port to be included in the 13-nation International North South Transport Corridor that extends from India to Russia, and expand INSTC membership by including Afghanistan and Uzbekistan, said External Affairs Minister S. Jaishankar and Ports and Shipping Minister Mansukh Mandaviya on Thursday.

Pitching for Chabahar in the INSTC which goes via Iran’s biggest port Bandar Abbas, Mr. Jaishankar proposed that the land route via Kabul and Tashkent would form the INSTC’s “Eastern corridor”.

“Establishing an eastern corridor through Afghanistan would maximise its potential. India has also proposed the inclusion of Chabahar in the INSTC route. I am hopeful that during the INSTC Coordination Council meeting, member states would agree to the expansion of the INSTC route to include the Chabahar Port and also agree on expanding the membership of this project,” Mr. Jaishankar said at a “Chabahar Day” event organised as part of the 3-day “Maritime India” summit that was conducted virtually.

EXPAND

The event saw participation from several regional officials including infrastructure Ministers from Afghanistan, Armenia, Iran, Kazakhstan, Russia and Uzbekistan. The Port has already handled 123 vessels and 18 lakh tons of cargo, said an official statement issued after the conference, which include trans-shipments from “Russia, Brazil, Thailand, Germany, Ukraine and the UAE”.

Predicting that Chabahar will change the “geo-economy” of the region, Iran’s Minister of Roads and Urban Development Mohammed Eslami called for assistance from India in developing the project, both through the provision of cranes and other equipment at the port as well as rail tracks, signal and switching equipment for the Chabahar-Zahedan railway project. In a letter last November, Iran had also asked India to activate the $150-million credit line it offered during Iranian President Rouhani’s visit to Delhi in 2018 for the project.

Credit lines

“I hope we can enjoy more credit lines allocated by India for equipping the port as well as completion of infrastructure projects of transport networks related to it,” Mr. Eslami said at the conference.

“India has participated in the first phase of development of Shahid Beheshti port of Chabahar and we are now witnessing the supplying of equipment. It deems necessary for the Indian operator to facilitate the process of supplying the remaining equipment,” he said.

India has already provided the Shahid Beheshti port with two cranes, and promised a further six, but is not at present part of the 628-km railway project, which Iran decided to develop on its own last year.

In a reply to Parliament in February, the Ministry of External Affairs said it “remains engaged” in discussions on the subject of the 2016 MoU on the railway project, which is believed to have been stalled for the past few years due to sanctions from the U.S. under the Trump administration. New Delhi’s push to include Chabahar in the INSTC could also have been made with an eye on the new Biden administration’s push for restoring talks with Iran on the JCPOA nuclear agreement, and the possible easing of some sanctions.

Asked about the possibility of including Chabahar in the corridor, an Iranian official said Iran would “welcome it”, but that procedurally, it is the INSTC governing council that would have to review the proposal and clear it.

Multi-mode network

The INSTC project was originally decided between India, Iran and Russia in 2000 in St Petersburg, and subsequently included 10 other central Asian and west Asian countries: Azerbaijan Armenia, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkey, Ukraine, Belarus, Oman, Syria and Bulgaria as an observer. It envisions a 7,200-km-long multi-mode network of ship, rail and road route for transporting freight, aimed at reducing the carriage cost between India and Russia by about 30% and bringing down the transit time from 40 days by more than half.

Russian Deputy Industry and Trade Minister Choriyev Ergashevich called the INSTC a “very important corridor for the development of freight traffic in the region”, and suggested that member countries could also work on the joint design and construction of container ships and railway lines together.

The Daily Guardian |

424 MoUs signed during Maritime India Summit 2021, says Mansukh Mandaviya

A total of 424 memoranda of understanding (MoUs) were signed during the second edition of the virtual Maritime India Summit-2021 that concluded on Thursday, said Union Minister for Ports, Shipping and Waterways Mansukh Mandaviya.

The three-day maritime conference was inaugurated on March 2 by Prime Minister Narendra Modi.

“The summit received good support and a total of 424 MoUs were signed in three days. The investment of more than Rs 3 lakh crores has been committed by top maritime companies of the world and it is a matter of great pleasure for us,” Mandaviya told ANI.

The Minister said the “Maritime Vision 2030” and its “road map” have released, and added, “seeing this, the shipping line infrastructure development companies are going to investing in India in coming days.”

India also commemorated the ‘Chabahar Day’ today with ministerial presence from six nations at the Maritime India Summit organised by India’s shipping ministry.

Mandaviya said Chabahar Port has emerged as the “connecting point” between India and Eurasia to deliver humanitarian assistance during the COVID-19 pandemic and the Chabahar Port project will be developed as a transit hub for cross connectivity between the two countries.

“Maritime India Summit-2021 will empower and strengthen Maritime India Vision-2030 which was launched by Prime Minister Narendra Modi in the inauguration of the summit. Due to Maritime India Summit-2021, the expectations and the aspirations of the world towards India have increased. We have to keep marching towards achieving our goal,” the Union Minister added.

The Print |

India has proposed inclusion of Chabahar Port in INSTC trade route, says Jaishankar

India has proposed the inclusion of Chabahar port in the International North South Transport Corridor (INSTC) route, External Affairs Minister S Jaishankar said on Thursday, and expressed hope that member states involved with the INSTC will agree on expanding membership of this project.

In his address on ‘Chabahar Day’ at the Maritime India Summit 2021, Jaishankar said the shift in the fulcrum of global economic growth towards Asia is creating unprecedented opportunities for connectivity in the region.

He asserted that the marking of Chabahar Day by India reflects its strong commitment to enhancing regional connectivity.

Jaishankar said India has also proposed the inclusion of Chabahar in the INSTC route.

The INSTC is an important trade corridor project, wherein India is partnering with 12 countries to establish an economic corridor, he said.

The International North South Transport Corridor is a 7,200-km-long multi-mode transport project for moving freight among India, Iran, Afghanistan, Armenia, Azerbaijan, Russia, Central Asia and Europe.

“We also welcome the interest of Uzbekistan and Afghanistan to join the multilateral corridor project. Establishing an eastern corridor through Afghanistan would maximize its potential,” he said.

“I am hopeful that during the INSTC Coordination Council meeting, member states would agree to the expansion of the INSTC route to include the Chabahar Port and also agree on expanding the membership of this project,” he said.

Jaishankar also said that as the world goes through a fundamental re-balancing, correcting many distortions of the past, it is only natural that connectivity should be central to that exercise.

He said the shift in the fulcrum of global economic growth towards Asia is creating unprecedented opportunities for connectivity in the region.

“There is a huge infrastructure deficit in the region which needs to be met to fulfil growing aspirations of our people,” he asserted.

Noting that in the modern age, the correlation between connectivity and economic growth has got even more pronounced, Jaishankar said growth in trade, commerce, industrial development and technological advancement has gone hand in hand with ease of connecting.

Maritime connectivity, in particular, has played a significant role in creating regional corridors for trade and economic linkages, as indeed for cultural and intellectual exchanges over the centuries, he pointed out and added that they too assume a new prominence in contemporary times, for being more competitive, seamless and greener.

The access of land-locked economies to maritime movements has been a focus of recent initiatives, he said.

The government of India, recognising the importance of regional connectivity, made a landmark decision to undertake an overseas port investment in Chabahar, he said

While this project had been under discussion for some time, it was during Prime Minister Narendra Modi’s visit to Iran in 2016 that a trilateral agreement to establish an International Transport and Transit Corridor was signed by India, Iran and Afghanistan, he said.

Jaishankar said transport and transit corridor is intended to ensure unhindered flow of commerce throughout the region and to create a safe, and reliable route to trade initially with Afghanistan, and thereafter with Central Asia.

The establishment and operations of India Ports Global Ltd at Shahid Behesti Port in Chabahar is the practical realisation of this important initiative, he said and lauded Ports, Shipping and Waterways Minister Mansukh Mandaviya and his team, as well as his Iranian partners, for the steady growth of port operations.

In a short while, they have established both its credibility and its relevance, Jaishankar said.

“Today’s event reflects India’s strong commitment to work together with all regional stakeholders to enhance connectivity in our region and to provide unhindered access to the sea to landlocked Central Asian countries through Chabahar,” he said.

Today’s event also commemorates five years of the signing of the tripartite agreement on establishment of a Trilateral Transport and Transit Corridor, he said, asserting that the agreement is a fitting tribute to the rich civilisational, cultural and trade links among India, Afghanistan, Iran and Central Asia.

Jaishankar highlighted that the Chabahar port has not only emerged as a commercial transit hub for the region but also facilitated delivery of humanitarian assistance, especially during the COVID-19 pandemic.

“The port is part of our shared commitment towards peace, stability and prosperity of the people of Afghanistan. India has utilized the Chabahar port to ship 75,000 MT of wheat as humanitarian food assistance to Afghanistan in September 2020,” he pointed out.

India also assisted Iran to fight the worst ever locust invasion in the last 25 years by supplying 25 metric tonnes of Malathion in June 2020, again through the Chabahar port, he said.

The second batch of 25 metric tonnes has recently reached the port, he added.

Jaishankar said that besides Indian exports of food products, the port has handled several shipments and trans-shipments from Russia, Brazil, Thailand, Germany, Ukraine and the UAE.

Jaishankar said the search for efficient trade routes and better connectivity has been one of the powerful driving forces of history and has determined prospects of many nations, regions and civilizations over time.

The virtual event, besides Jaishankar and Mandaviya, also saw participation of ministers from Afghanistan, Armenia, Iran, Kazakhstan, Russia and Uzbekistan.

The location of the Chabahar port has strategic advantage and high potential to provide connectivity among India, Iran, Afghanistan, Uzbekistan and other Commonwealth of Independent States countries, and boost trade.

Located in the Sistan-Balochistan province on the energy-rich Iran’s southern coast, the port can be easily accessed from India’s western coast, bypassing Pakistan.

Zee News |

India commemorates Chabahar Day at Maritime India Summit 2021

The Ministry of External Affairs announced that India will commemorate ‘Chabahar Day’ on Thursday (March 4) on the margin of Maritime India Summit 2021. Ministers from over six countries, namely Afghanistan, Iran, Uzbekistan, Russia, Kazakhstan, and Uzbekistan will take part in the virtual meet.

Transport minister of Afghanistan Qudratullah Zaki, Armenia's Infrastructure minister Suren Papikyan, Iran's Minister of Roads Mohammad Eslami, Russia's Deputy Minister of Industry Oleg N Ryazantsev, Uzbekistan's Deputy Minister of Transport Choriyev Jasurbek Ergashevich and India’s Minister of State for ports Mansukh Mandaviya will be present at the virtual meet which will be addressed by S Jaishankar, External Affairs Minister of india.

The External Affairs Minister emphasised upon the importance of regional connectivity and said, “The Government of India, recognising the importance of regional connectivity, made a landmark decision to undertake an overseas port investment in Chabahar. While this project had been under discussion for some time, it was during Prime Minister Narendra Modi’s visit to Iran in 2016 that a Trilateral Agreement to establish an International Transport and Transit Corridor that was signed by India, Iran and Afghanistan.”

“The Chabahar port has not only emerged as a commercial transit hub for the region but also facilitated the delivery of humanitarian assistance, especially during the COVID-19 pandemic. The port is part of our shared commitment towards peace, stability and prosperity of the people of Afghanistan. India has utilized the Chabahar port to ship 75,000 MT of wheat as humanitarian food assistance to Afghanistan in September 2020,” Jaishankar added.

Jaishankar also praised Uzbekistan and Afghanistan’s effort of joining this multilateral corridor project. “The International North South Transport Corridor (INSTC) is an important trade corridor project, wherein India is partnering with 12 countries to establish an economic corridor for the benefit of our peoples. We also welcome the interest of Uzbekistan and Afghanistan to join the multilateral corridor project,” he said.

Earlier, while speaking on the importance of Chabahar, Minister of State for ports Mansukh Mandaviya said, "Chabahar port is an important destination, and we are developing it. Two cranes have been put. I will be going and inaugurating it. Chabahar connects us to CIS countries...this will increase connectivity to Europe. Chabahar port is important"

Chabahar in Iran is key to India's westwards connectivity, providing inroads to Afghanistan and central asia and the key to the north-south international transport corridor linking Mumbai with Moscow. January saw India sending 2 cranes for the port, and the next few months will see 4 more cranes being sent that will increase the efficiency of the port.

WION |

India proposes inclusion of Chabahar port in North-South Transport Corridor

India has proposed the inclusion of the key Chabahar port in the mega International North-South Transport Corridor (INSTC) that connects Mumbai with Moscow.

Speaking at "Chabahar day" hosted by India on the sidelines of the International Maritime Summit, India's External Affairs Minister Dr S Jaishankar said, "India has also proposed the inclusion of Chabahar in the INSTC route. I am hopeful that during the INSTC Coordination Council meeting, member states would agree to the expansion of the INSTC route to include the Chabahar Port and also agree on expanding the membership of this project."

Chabahar is key to India's connectivity towards its west, providing routes to Afghanistan and Central Asia while North-South Transport Corridor made up of rail, shipping, and road route currently passes via cities like Bandar Abbad, Bandar Anzali, Tehran in Iran, Baku in Azerbaijan and Astrakhan in Russia.

More than 10 countries are part of the corridor, with more countries keen to join it. Uzbekistan and Afghanistan, both landlocked countries, are keen on joining the connectivity project. Uzbekistan had proposed joining the project during the India-Uzbekistan virtual summit last year.

Highlighting Chabahar's role in connectivity, Jaishankar said it "has not only emerged as a commercial transit hub for the region but also facilitated the delivery of humanitarian assistance, especially during the COVID-19 pandemic" and "part of our shared commitment towards peace, stability, and prosperity of the people of Afghanistan."

Last year amid the pandemic, India had used the Chabahar port to send 75,000 metric tonnes of wheat as humanitarian food assistance to Afghanistan and 25 MT of the pesticide Malathion to Iran to deal with locust invasion.

Minister of State for Ports, Mansukh Mandaviya, whose ministry coordinated the maritime summit said, "Chabahar Port is a joint effort of the governments of India, Iran and Afghanistan, to support landlocked Afghanistan by giving access to the open seas, optimising logistic cost by bringing in efficiency and create a reliable and safe transport corridor."

Ministers from six countries -- Afghanistan, Iran, Uzbekistan, Russia, Kazakhstan and Uzbekistan -- took part in the "Chabahar day".

Transport Minister of Afghanistan Qudratullah Zaki, Armenia's Infrastructure Minister Suren Papikyan, Iran's Minister of Roads Mohammad Eslami, Russia's Deputy Minister of Industry Oleg N Ryazantsev and Uzbekistan's Deputy Minister of Transport Choriyev Jasurbek Ergashevich were present at the day-long virtual meet.

AIR News |

India commemorates Chabahar Day, External Affairs Minister says, Chabahar port facilitated delivery of humanitarian assistance during COVID-19 pandemic

India today commemorated Chabahar Day on the sidelines of the Maritime India Summit-2021. The event was held virtually. Ministers from Afghanistan, Armenia, Iran, Kazakhstan, Russia and Uzbekistan participated in the event.

Addressing the Ministerial-Level opening session, External Affairs Minister Dr. S. Jaishankar said, the shift in the fulcrum of global economic growth towards Asia is creating unprecedented opportunities for connectivity in the region. He said, there is a huge infrastructure deficit in the region which needs to be met to fulfil the growing aspirations of our peoples.

The Minister said, Government of India recognising the importance of regional connectivity made a landmark decision to undertake an overseas port investment in Chabahar. He said, while the project had been under discussion for some time, it was during Prime Minister Narendra Modi’s visit to Iran in 2016 that a Trilateral Agreement to establish an International Transport and Transit Corridor was signed by India, Iran and Afghanistan.

Dr Jaishankar said, the establishment and operations of India Ports Global Limited at Shahid Behesti Port in Chabahar is the practical realisation of this important initiative. He said, today’s event reflects India’s strong commitment to work together with all regional stakeholders to enhance connectivity in the region and to provide unhindered access to the sea to landlocked Central Asian countries through Chabahar.

The Minister said, today’s event also commemorates five years of the signing of the Tripartite Agreement on the establishment of a Trilateral Transport and Transit Corridor. He said, this agreement is a fitting tribute to the rich civilisational, cultural and trade links between India, Afghanistan, Iran and Central Asia.

Dr Jaishankar said, Chabahar port has not only emerged as a commercial transit hub for the region but also facilitated the delivery of humanitarian assistance, especially during the COVID-19 pandemic. He said, the port is part of our shared commitment towards peace, stability and prosperity of the people of Afghanistan.

The Minister said, India has utilized the Chabahar port to ship 75 thousand Metric Tonnes of wheat as humanitarian food assistance to Afghanistan in September last year. He said, India also assisted Iran to fight the worst ever locust invasion in the last 25 years by supplying 25 Metric Tonnes of Malathion in June last year through the Chabahar port.

The second batch of 25 Metric Tonnes has recently reached Chabahar Port. Besides the Indian exports of food products, the port has also handled several shipments and trans-shipments from Russia, Brazil, Thailand, Germany, Ukraine and the UAE.

Dr Jaishankar said, the International North-South Transport Corridor INSTC is an important trade corridor project, wherein India is partnering with 12 countries to establish an economic corridor for the benefit of our peoples. He said, India also welcome the interest of Uzbekistan and Afghanistan to join the multilateral corridor project.

The Minister said, establishing an eastern corridor through Afghanistan would maximize its potential. He said, India has also proposed the inclusion of Chabahar in the INSTC route.

The External Affairs Minister expressed hope that during the INSTC Coordination Council meeting, member states will agree to the expansion of the INSTC route to include the Chabahar Port and also agree on expanding the membership of this project.

Dr Jaishankar said, the search for efficient trade routes and better connectivity has been one of the powerful driving forces of history and it has determined the prospects of many nations, regions and civilizations over time.

He said, today, as the world goes through a fundamental re-balancing, correcting many of the distortions of the past, it is only natural that connectivity should be central to that exercise.

The Economic Times |

Chabahar Port to help Afghanistan, other countries reduce logistics cost: Government

Chabahar Port will help Afghanistan and other countries in the region to bring down their logistics costs and develop a transit hub for connectivity between India and Eurasia, the government said on Thursday. Located in Sistan-Balochistan province on the energy-rich Iran's southern coast, the port is being developed by India, Iran and Afghanistan to boost trade ties.

Chabahar Port lies outside the Persian Gulf and is easily accessed from India's western coast, bypassing Pakistan.

Chabahar Port is a joint effort of India, Iran and Afghanistan to support landlocked Afghanistan by giving access to the open seas, optimising logistics cost by bringing in efficiency and create a reliable and safe transport corridor, Minister of Ports, Shipping and Waterways Mansukh Mandaviya said while addressing a session organised to commemorate the Chabahar Day at Maritime India Summit 2021.

Further, the project also aims to develop a transit hub for close the connectivity between India and Eurasia, he added.

"Chabahar Port is part of our shared commitment towards peace, stability, and prosperity of the people of Afghanistan," Mandaviya said, adding "the 21st century will not belong to the land. It will be a century of the sea, skies and space. In keeping with the high priority that we attach to enhancing regional connectivity between India, Central Asia and beyond".

Sanjeev Ranjan, Secretary, Ministry of Ports of Shipping and Waterways, said the Maritime India Vision 2030's emphasis is on boosting productivity, improving performance, connectivity and reducing logistics cost by adopting cost reductive processes.

The operationalisation of the Chabahar Port will help bring down the logistics cost for Afghanistan and the other countries in the region. It will enable Afghanistan to boost its trade not only with India but also with other countries and greatly promote regional cooperation, the official said.

"The purpose of this event is to update stakeholders on the new opportunities - which have now opened up with the development of infrastructure and the operationalisation of the Shahid Beheshti Port of Chabahar - and the business opportunities that are now available, and we expect the stakeholders to take the full benefit of the new opportunities that are now available," Ranjan said.

Hindustan Times |

India pitches for including Afghanistan, Uzbekistan in INSTC

India on Thursday proposed the inclusion of Iran’s Chabahar port in the International North South Transport Corridor (INSTC), a 7,200km multi-mode route spanning 13 countries, and also called for Uzbekistan and Afghanistan to be made part of the corridor.

Chabahar port, where an Indian state-run firm operates a terminal, is a key part of India’s plans to enhance connectivity to Afghanistan and the Central Asian states. The port played an important role in shipping humanitarian aid to Afghanistan amid the Covid-19 pandemic and India recently supplied heavy cranes to boost its capabilities.

Addressing the virtual “Chabahar Day” event organised on the margins of the Maritime India Summit 2021, external affairs minister S Jaishankar and minister of state for shipping Mansukh Mandaviya spoke about plans to include the Iranian port in INSTC.

Jaishankar welcomed the interest shown by Uzbekistan and Afghanistan in joining the multilateral corridor and said: “Establishing an eastern corridor through Afghanistan would maximise its potential.”

He added, “I am hopeful that during the INSTC coordination council meeting, member states would agree to the expansion of the INSTC route to include the Chabahar port and also agree on expanding the membership of this project.”

Mandaviya proposed the meeting of the INSTC coordination council meeting, which was to be held last year but was put off because of the pandemic, should be held virtually to take things forward.

“Chabahar port is part of our shared commitment to the peace, stability and prosperity of the people of Afghanistan,” Mandaviya said, adding the port had helped Afghanistan diversity its export opportunities.

The INSTC project, which includes India, Iran, Russia, Turkey, Armenia, Azerbaijan, Belarus, Kazakhstan, the Kyrgyz republic, Tajikistan, Oman, Syria and Ukraine, was first proposed in 2000 to cut costs and time in moving cargo and to improve connectivity in the region between Russia and the Central Asian states and India.

Though there were dry runs on some routes in 2014, the project has been slow to take off. Despite renewed focus on INSTC by India and Russia, work was again hit by the pandemic.

Jaishankar highlighted Chabahar’s role in recent years in sending Indian humanitarian aid and emergency supplies to Afghanistan and Iran and in opening up trade opportunities. The Chabahar Day event reflects India’s commitment to work with regional stakeholders to enhance connectivity and provide unhindered access to the sea to the landlocked Central Asian states, he said.

“The Chabahar port has not only emerged as a commercial transit hub for the region but also facilitated the delivery of humanitarian assistance, especially during the Covid-19 pandemic...India utilised the Chabahar port to ship 75,000 tonnes of wheat as humanitarian food assistance to Afghanistan in September 2020,” he said.

India helped Iran to fight the worst locust invasion of the past 25 years by supplying 25 tonnes of the drug Malathion in June 2020 through Chabahar. The second batch of 25 tonnes of Malathion recently reached Chabahar, he added.

Afghanistan, Iran and India signed a tripartite agreement on developing Chabahar port and setting up a trilateral transport and transit corridor in 2016. India then set up India Ports Global Limited to operate the Shahid Behesti terminal at Chabahar.

Since the Indian firm began operations in December 2018, the port has handled 123 vessels, 13,752 containers and 1.8 million tonnes of cargo, Mandaviya said. There has also been an increase in the average monthly calls by merchant vessels, and 110,000 tonnes of wheat and 2,000 tonnes of pulses have been shipped to Afghanistan.

Iran’s transport minister Mohammad Eslami called for more lines of credit from India to build and equip Chabahar port and to complete infrastructure for transport networks in the region. There are plans to expand the Shahid Behesti terminal’s capacity from 8.5 million tonnes to 13 million tonnes, he said.

Ministers from Afghanistan, Armenia, Tajikistan, Uzbekistan, Kazakhstan and Russia participated in the Chabahar Day event.

Live Mint |

Iran's Chabahar port crucial for trade in Central Asia: Minister Jaishankar

Indian foreign minister S Jaishankar on Thursday said Iran’s Chabahar port has, in a short while, established its credibility and relevance handling shipments and transhipments from countries like Russia, Brazil, Thailand, Germany, Ukraine and the United Arab Emirates.

Speaking at an event to mark the Chabahar Day at the Maritime India Summit organised by India’s shipping ministry, Jaishankar pointed out that there was a "a huge infrastructure deficit in the region, which needs to be met to fulfil the growing aspirations of our people."

The development of the Chabahar port was an attempt to plug that gap, the minister said. The port on Iran’s Makran coast, in Sistan-Balochistan province, was a "safe, secure and reliable route to trade initially with Afghanistan and thereafter with Central Asia as a whole."

First proposed in 2003, Chabahar port is seen as a strategic counter to Pakistan’s Gwadar port that has been developed by China. The development of the port, however, has been delayed due to tensions between the US and Iran. Former US president Donald Trump had adopted a “maximum pressure policy" against Tehran in its bid to re-negotiate the 2015 Iran nuclear pact.

With the US targeting oil exports from Iran, India’s bilateral trade with Tehran during 2019-20 fell to $4.77 billion, down 72% on year. With the Biden administration coming in, the Indian government has once again speeded up its programme to develop the port. In January two cranes were handed over to Iran for cargo movements. Another four are being sent to Iran, two are sent to arrive this month and the other two in June.

India is currently using the port to ship wheat to Afghanistan as well as pesticides to help Iran counter a locust invasion. New Delhi has been trying for years to boost its trade with Central Asia but given that the land route runs through hostile Pakistan, Chabahar is seen as the gateway to landlocked Afghanistan and Central Asia.

In his speech, Indian shipping minister Mansukh Mandaviya noted that the average monthly port calls at Chabahar had increased and efforts were on to increase linkages between Chabahar not only to South but Southeast Asia also.

Activation of the International North South Transport Corridor project (INSTC) a 7,200-km-long multi-mode network of ship, rail, and road route for moving freight between 13 countries including India would help boost the use of the port, Mandaviya said urging the 13 countries to include Chabahar in INSTC route and also consider inclusion of Afghanistan and Uzbekistan among the member countries of the INSTC.

In his speech, Iran’s Minister for Roads, Mohammad Eslami sought increased Lines of Credit from India to complete the first phase of the port which he said could handle 8.5 million tonnes of cargo. The speedy completion of the infrastructure at the port facilities would give a further fillip to regional trade, he added.

DNA |

India to commemorate 'Chabahar Day' today with ministerial presence from six nations

Ministers from 6 countries- Afghanistan, Iran, Uzbekistan, Russia, Kazakhstan, and Armenia will take part in India hosted "Chabahar day" on Thursday. The "Chabahar day" will be celebrated on the last day of the mega India maritime summit that was inaugurated by Indian Prime Minister Narendra Modi on Tuesday (March 2).

Transport minister of Afghanistan Qudratullah Zaki, Armenia's Infrastructure minister Suren Papikyan, Iran's Minister of Roads, Mohammad Eslami, Russia's Deputy Minister of Industry Oleg N Ryazantsev and Uzbekistan's Deputy Minister of Transport Choriyev Jasurbek Ergashevich will be present at the virtual meet. India will be represented by 2 of its ministers- India's external affairs minister Dr S Jaishankar and Minister of State for ports Mansukh Mandaviya.

Earlier this week, speaking to WION, Mandaviya said, "Chabahar port is an important destination, and we are developing it. 2 cranes have been put. I will be going and inaugurating it. Chabahar connects us to CIS countries...this will increase connectivity to Europe. Chabahar port is important"

Chabahar in Iran is key to India's westwards connectivity, providing inroads to Afghanistan and central Asia and the key to the north-south international transport corridor linking Mumbai with Moscow. January saw India sending 2 cranes for the port, and the next few months will see 4 more cranes being sent that will increase the efficiency of the port.

Interest has been coming from Central Asian countries to be part of the project. A working group of India, Iran, and Uzbekistan met in December as one of the key outcomes of the India Uzbekistan virtual summit between the leaders of the 2 countries. In fact, 3 of the participating countries taking part in the "Chabahar day" are from central Asia.

Last year, the Kazakh envoy to Delhi Yerlan Alimbayev pointing out his country's interest in the project said, "Kazakhstan will not only join, we are actually in a process. We initiated this process and we were expected the Chabahar connection will be done."

Republic World |

'India committed to enhancing connectivity & providing hindrance-free access to sea': EAM

Addressing the Ministerial-Level opening session in Maritime India Summit-2021 on Thursday, External Affairs Minister S Jaishankar said "Today's event reflects India's strong commitment to work together with all regional stakeholders to enhance connectivity in our region & provide unhindered access to the sea, to landlocked Central Asian countries through Chabahar."

Centre plans to invest in Chabahar

While speaking about the Chabahar port, EAM said that Asia's global economic growth is creating enormous opportunities for sea-level connectivity in the region. To fulfill the growing aspirations of people, it is necessary to sort a huge infrastructure deficit in the region. The Minister said that the Centre has planned to invest in Chabahar as it understands the importance of the regional connectivity through it.

Jaishankar informed, "today's event also commemorates five years of the signing of the Tripartite Agreement on the establishment of a Trilateral Transport and Transit Corridor." The Minister added that this agreement will enhance the cultural and trade links between the nation which include, India, Afghanistan, Iran and Central Asia. He said that the development of this port has not only come up as a transport hub for the Asian regions but it will also help in transferring "humanitarian assistance".

EAM on 'Chabahar Day'

India commemorates 'Chabahar Day' on Thursday at the last day of the Maritime India Summit-2021, which was inaugurated by Prime Minister Narendra Modi on Tuesday. Ministers from six countries were present at the meet via video conferencing, it includes, Qudratullah Zaki (Transport minister of Afghanistan) Suren Papikyan (Armenia's Infrastructure minister), Mohammad Eslami (Iran's Minister of Roads), Oleg N Ryazantsev (Deputy Minister of Industry) and Choriyev Jasurbek Ergashevich (Uzbekistan's Deputy Minister of Transport)

EAM Jaishankar declared that India is partnering with 12 countries to establish an economic corridor. Also, the International North-South Transport Corridor INSTC trade corridor project will benefit the people of Asia. Jaishankar said that it is natural that the connectivity should be improved in the region as the world is going through a fundamental re-balancing.

Outlook |

Chabahar Port to help Afghanistan, other countries reduce logistics cost: Govt

Chabahar Port will help Afghanistan and other countries in the region to bring down their logistics costs and develop a transit hub for connectivity between India and Eurasia, the government said on Thursday.

Located in Sistan-Balochistan province on the energy-rich Iran's southern coast, the port is being developed by India, Iran and Afghanistan to boost trade ties.

Chabahar Port lies outside the Persian Gulf and is easily accessed from India's western coast, bypassing Pakistan.

Chabahar Port is a joint effort of India, Iran and Afghanistan to support landlocked Afghanistan by giving access to the open seas, optimising logistics cost by bringing in efficiency and create a reliable and safe transport corridor, Minister of Ports, Shipping and Waterways Mansukh Mandaviya said while addressing a session organised to commemorate the Chabahar Day at Maritime India Summit 2021.

Further, the project also aims to develop a transit hub for close the connectivity between India and Eurasia, he added.

"Chabahar Port is part of our shared commitment towards peace, stability, and prosperity of the people of Afghanistan," Mandaviya said, adding "the 21st century will not belong to the land. It will be a century of the sea, skies and space. In keeping with the high priority that we attach to enhancing regional connectivity between India, Central Asia and beyond".

Sanjeev Ranjan, Secretary, Ministry of Ports of Shipping and Waterways, said the Maritime India Vision 2030's emphasis is on boosting productivity, improving performance, connectivity and reducing logistics cost by adopting cost reductive processes.

The operationalisation of the Chabahar Port will help bring down the logistics cost for Afghanistan and the other countries in the region. It will enable Afghanistan to boost its trade not only with India but also with other countries and greatly promote regional cooperation, the official said.

"The purpose of this event is to update stakeholders on the new opportunities - which have now opened up with the development of infrastructure and the operationalisation of the Shahid Beheshti Port of Chabahar - and the business opportunities that are now available, and we expect the stakeholders to take the full benefit of the new opportunities that are now available," Ranjan said.

The Bharat Express News |

India commemorates ‘Chabahar Day’ - Know the key points of the port

On Thursday, India commemorated “Chabahar Day” with the ministerial presence of six countries at the India Maritime Summit hosted by the Indian Ministry of Transport.

Speaking at the event, Indian Foreign Minister S Jaishankar said the Iranian port of Chabahar had, in a short time, established its credibility and relevance in dealing with shipments and transshipments from countries like Russia, Brazil, Thailand, Germany, Ukraine and United Arab Emirates.

He also pointed out that there was a huge infrastructure gap in the region, which had to be filled to meet the growing aspirations of the population.

In his speech, Indian Transport Minister Mansukh Mandaviya noted that the average monthly layovers in Chabahar have increased and that efforts are underway to increase Chabahar links not only to South Asia, but also to the ‘South East Asia.

In his speech, Iranian Highways Minister Mohammad Eslami called for an increase in India’s credit lines to complete the first phase of the port which he said could handle 8.5 million tonnes of cargo.

Chabahar Port Details

The port of Chabahar was first proposed in 2003.

India and Iran signed an agreement in 2018 to develop the port of Chabahar.

Chabahar is the only Iranian port with direct access to the Indian Ocean.

The port is located on the Iranian coast of Makran, in the province of Sistan-Balochistan.

It was seen as a safe, secure and reliable trade route first with Afghanistan and then with Central Asia.

The port of Chabahar is seen as a strategic counterweight to the Pakistani port of Gwadar which was developed by China.

Development of the port has been delayed due to tensions between the United States and Iran.

India is currently using the port to ship wheat to Afghanistan as well as pesticides.

New Delhi has been trying for years to boost its trade with Central Asia.

Chabahar is considered the gateway to landlocked Afghanistan and Central Asia.

Orissa Diary |

21st century will be a century of the sea, skies and space: Mansukh Mandaviya

Mr Mansukh Mandaviya, Minister of State for Ports, Shipping and Waterways (Independent Charge) and Chemical and Fertilizers, Govt of India today said that connectivity has acquired existing and creative dimensions. We (the govt) are at the edge of exploring the possibility in communication and have attempted to bring countries to brainstorm on some of the primary issues in the agenda of maritime connectivity, he added.
Addressing the virtual session ‘Chabahar Day’ during the Maritime India Summit organized by the Ministry of Ports, Shipping and Waterways, jointly with FICCI, Mr Mandaviya said, “The 21st century will not belong to land. It will be a century of the sea, skies, and space in keeping with the high priority that we attach in enhancing regional connectivity between India and Central Asia and beyond.”

Elaborating on the importance of the Chabahar Port, Mr Mandaviya said that the Chabahar Port is a joint effort of the governments of India, Iran, and Afghanistan to support landlocked Afghanistan by giving it access to the open sea. “The Port is part of a shared commitment towards peace stability and prosperity of the people of Afghanistan and has helped Afghanistan diversify its export opportunities,” he added.

The International North South Transport Corridor is an important regional connectivity project. For this we have partnered with 12 countries and we are strongly committed to the vision of activating this corridor at the earliest. India has already proposed the inclusion of Chabahar port is the INSTC routes and we welcome the interest shown by Uzbekistan and Afghanistan to join INSTC, he further added.

Dr S Jaishankar, Minister of External Affairs, Government of India said that access of landlocked economies to maritime movement has been a particular focus of the recent initiatives. “The shift in the fulcrum of economic growth towards Asia is creating unprecedented opportunities for connectivity in the region,” he said.
Further, Dr Jaishankar said that the Government of India, in recognising the importance of regional connectivity, made a landmark decision to undertake an overseas port investment in Chabahar. “The transport and transit corridor is intended to assist unhindered growth of commerce throughout the region and to create a safe, secure and reliable route to trade in the region,” he noted.

On Afghanistan’s will to join the multilateral corridor project, Dr Jaishankar said, “Establishing an eastern corridor through Afghanistan would maximise its potential. India has also proposed the inclusion of Chabahar in the INSTC route. I am hopeful that during the next INSTC coordination council meeting, member states would agree for the expansion of the INSTC route to include the Chabahar Port and agree on expanding the membership of this project.”

Dr Sanjeev Ranjan, Secretary, Ministry of Ports, Shipping and Waterways, Government of India stressed that the Maritime India Vision 2030 emphasises on boosting productivity, improving performance and connectivity, and reducing logistic costs by adopting cost affective processes. “The operationalisation of the Chabahar Port will help bring down the logistics costs for Afghanistan and the other countries of the region. It will enable Afghanistan to boost trade not only with India but with also other countries and greatly promote regional cooperation,” he said.
It is our vision to make Chabahar Port a transit hub under INSTC to reach out to CIS countries, Dr Ranjan further added.

Elaborating on the need for private partnerships, Mr Choriyev Jasurbek Ergashevich, Deputy Minister of Transport, Republic of Uzbekistan said, “We are working to determine the most optimal transport corridor to enter the Chabahar Port. We see great prospects for the port as the number of infrastructure projects are completed. However, for the use of the port in full measure we support the establishment of a tie between the private sector of our countries for the possible creation of infrastructure or joint transport companies.”

Mr Mohammad Eslami, Minister of Roads and Urban Development, Iran said that Chabahar can be converted to a port for petrochemical and other industries in the region through the development of transport and logistics.

Further to India’s participation in the first phase of the development of the port of Chabahar, Mr Eslami said, “I hope we can enjoy more credit lines allocated by India through well-equipped Chabahar port as well as completion of the infrastructure projects on time.”

Ms Kristine Ghalechyan, Deputy Minister of Territorial Administration and Infrastructure, Republic of Armenia, said that Armenia gives much importance to the country’s integration with the regional transport network. “This is the right time to declare Armenia as a transit country with high-quality rail and road connections. Our (the Armenian Govt’s) vision is to establish long-term prosperity for the development of efficient cost-effective and environmentally socially sustainable transport infrastructure and services based on international standards,” she noted.

Mr Ruslan Baimishev, Vice-Minister of Industry and Infrastructure Development, Republic of Kazakhstan said the world community understands the importance of developing transportation and infrastructure on the basis of integration.
Speaking on the importance and strategic location of the Chabahar Port, Mr Oleg N Ryazantsev, Deputy Minister of Industry & Trade, Russia said that the port has a special place in the transportation for the region. “The international North-South corridor is integral for the development of production and trade in the region,” he said.

Janam TV English |

Maritime India Summit-2021 celebrates ‘Chabahar Day’

Chabahar Day was commemorated on the sidelines of the Second edition of International Maritime Summit 2021 in the virtual format. The event was attended and addressed by many dignitaries.
The meeting was chaired by Mansukh Mandaviya, Minister of State (Independent Charge) for the Ministry of Ports, Shipping and Waterways and Minister of State for Chemical & Fertilizers who also delivered the keynote address.

The ministers stressed on the increasing need for closer cooperation in the creation of an integrated multi-modal transport system to enhance regional connectivity.

Mansukh Mandaviya termed Chabahar port as the “connecting point” for the region to deliver humanitarian assistance, especially during the COVID pandemic. He also mentioned Chabahar Port as part of our shared commitment towards peace, stability and prosperity of the people of Afghanistan. Chabahar has allowed India to export humanitarian supplies to Kabul and has also helped Afghanistan diversify its export opportunities.

Mangalore Mirror |

Maritime India Summit-2021 concludes today with ‘Chabahar Day’

The Second edition of Virtual Maritime India Summit-2021 concluded today. The three-day maritime conference was one of the biggest virtual maritime summits of the world.

In his key note address of Chabahar day Session, Shri Mansukh Mandaviya, Minister of Ports, Shipping and Waterways said that Chabahar Port project will be developed as transit hub for cross connectivity between the India and Eurasia and further added that Chabahar Port handled 123 vessels and total 13,752 TEUs and 18 lakh tons of bulk / general cargo. Chabahar Port has emerged as the “connecting point” for the region to deliver humanitarian assistance during the COVID pandemic, added Shri Mandaviya. Shri Mandaviya reiterated the importance of the maritime sector and said, ‘The 21st century will not belong to land; it will be a century of the seas, skies and space’.
In the Valedictory Session of Maritime India Summit-2021, Shri Sanjay Bandopadhyaya, additional secretary of Ministry of Ports, Shipping and Waterways briefed about the summit and added that about 1.90 lakh delegates registered for the summit,16 international ministers from 11 nations joined for different sessions. A total of six union ministers, chief ministers of three states and two state ministers having joined us for different sessions. A total of 55 CEOs, which included 31 international CEOs and 24 Indian CEOs joined during the CEO’s forum . A total of 110 exhibitors joined during the summit, in 18 pavilions and 107 booths, which led to 5,540 B2B meetings. A total of more than 64,000 visitors were recorded during the three days of the summit.
In his concluding remark, Shri Mansukh Mandaviya said, ‘Maritime India Summit-2021 will empower and strengthen Maritime India Vision-2030 which was launched by Prime Minister Shri Narendra Modi in the inauguration of the summit. Due to MIS-2021, the expectations and the aspirations of the world towards India has increased. We have to keep marching towards achieving our goal. MoU signed during the summit should borne successful outcome with our dedicated and focused efforts’. Shri Mandaviya ended with optimism and said, “AatmNirbhar Maritime Sector’ would be foundation of the New India and ‘AatmNirabhar India”

News Vibes of India |

With Chabahar Day session, Maritime India Summit-2021 concludes

Chabahar Port has emerged as the connecting point between India and Eurasia to deliver humanitarian assistance during the COVID pandemic, Union Minister Mansukh Mandaviya said during the conclusion of the Maritime India Summit.

The second edition of the three-day Maritime India Summit has concluded today. The conference was one of the biggest virtual maritime summits of the world, according to a statement issued by the Ministry of Ports, Shipping and Waterways.
In his keynote address of the Chabahar day Session, Mandaviya, Minister of Ports, Shipping, and Waterways said that the Chabahar Port project will be developed as a transit hub for cross connectivity between India and Eurasia.

He further added that Chabahar Port handled 123 vessels and a total of 13,752 TEUs and 18 lakh tons of bulk / general cargo.
Mandaviya reiterated the importance of the maritime sector and said, ‘The 21st century will not belong to the land; it will be a century of the seas, skies, and space’.

“Maritime India Summit-2021 will empower and strengthen Maritime India Vision-2030 which was launched by Prime Minister Narendra Modi in the inauguration of the summit,” the minister said.

Due to MIS-2021, the expectations and the aspirations of the world towards India have increased. We have to keep marching towards achieving our goal, he added.

He noted, “MoU signed during the summit should bear successful outcome with our dedicated and focused efforts’.”

In the Valedictory Session of Maritime India Summit-2021, Sanjay Bandopadhyaya, an additional secretary of the Shipping Ministry briefed about the summit and added that about 1.90 lakh delegates registered for the summit,16 international ministers from 11 nations joined for different sessions.

A total of six union ministers, chief ministers of three states, and two state ministers participated in different sessions, with more than 64,000 visitors being recorded during the three days of the summit, he added.

PSU Connect |

Virtual Maritime India Summit-2021 concluded today

The Second edition of Virtual Maritime India Summit-2021 concluded today. The three-day maritime conference was one of the biggest virtual maritime summits of the world.

In his keynote address of Chabahar day Session, Shri Mansukh Mandaviya, Minister of Ports, Shipping and Waterways said that the Chabahar Port project will be developed as a transit hub for cross connectivity between the India and Eurasia and further added that Chabahar Port handled 123 vessels and total 13,752 TEUs and 18 lakh tons of bulk / general cargo. Chabahar Port has emerged as the “connecting point” for the region to deliver humanitarian assistance during the COVID pandemic, added Shri Mandaviya. Shri Mandaviya reiterated the importance of the maritime sector and said, ‘The 21st century will not belong to land; it will be a century of the seas, skies and space’.

In the Valedictory Session of Maritime India Summit-2021, Shri Sanjay Bandopadhyaya, additional secretary of Ministry of Ports, Shipping and Waterways briefed about the summit and added that about 1.90 lakh delegates registered for the summit,16 international ministers from 11 nations joined for different sessions. A total of six union ministers, chief ministers of three states and two state ministers having joined us for different sessions. A total of 55 CEOs, which included 31 international CEOs and 24 Indian CEOs joined during the CEO’s forum .

A total of 110 exhibitors joined during the summit, in 18 pavilions and 107 booths, which led to 5,540 B2B meetings. A total of more than 64,000 visitors were recorded during the three days of the summit. In his concluding remark, Shri Mansukh Mandaviya said, ‘Maritime India Summit-2021 will empower and strengthen Maritime India Vision-2030 which was launched by Prime Minister Shri Narendra Modi in the inauguration of the summit. Due to MIS-2021, the expectations and the aspirations of the world towards India has increased. We have to keep marching towards achieving our goal.

MoU signed during the summit should borne successful outcome with our dedicated and focused efforts’. Shri Mandaviya ended with optimism and said, “AatmNirbhar Maritime Sector’ would be foundation of the New India and ‘AatmNirabhar India”

Yahoo News |

Chabahar Port has emerged as 'connecting point' to deliver humanitarian assistance: Mansukh Mandaviya

Chabahar Port has emerged as the 'connecting point' for the region to deliver humanitarian assistance during the Covid-19 pandemic, said Mansukh Mandaviya, Union Minister of Ports, Shipping and Waterways on Thursday.

Virtually addressing the opening session on Maritime India Summit 2021, the Union Minister said, "Chabahar Port has emerged as the 'connecting point' for the region to deliver humanitarian assistance during the COVID pandemic. India has used Chabahar Port to ship wheat to Afghanistan."

"Chabahar Port is a joint effort of the governments of India, Iran and Afghanistan, to support landlocked Afghanistan by giving access to the open seas, optimising logistic cost by bringing in efficiency and create a reliable and safe transport corridor," Mandaviya added.

He further said, "The 21st century will not belong to the land. It will be a century of the sea, skies and space keeping in mind the high priority that we attach to enhancing regional connectivity between India, Central Asia and beyond."

At the opening session, External Affairs Minister Dr S Jaishankar recounted Prime Minister Narendra Modi's visit to Iran in 2016 which paved the way for the trilateral agreement between India, Iran and Afghanistan.

Jaishankar stated that today's event reflects India's strong commitment to work together with its own regional stakeholders to enhance connectivity in our region and to provide unhindered access to the sea and landlocked Central Asian countries through the Chabahar.

Other dignitaries who addressed their keynote at the session included, Minister of Transport Afghanistan, Qudratullah Zaki, Deputy Minister of Industry and Trade Russia, Oleg N Ryazantsev, Minister of Territorial Administration and Infrastructures Armenia, Suren Papikyan, Minister of Roads and Urban Development Iran, Mohammad Eslami, Deputy Minister of Transport of the Republic of Uzbekistan M Chariyev Jasurbek Ergashevich, Additional Secretary, Ministry of Ports, Shipping and Waterways Government of India Sanjay Bandopadhyay.

Prime Minister Modi on Tuesday inaugurated the second edition of Maritime India Summit-2021. He also launched an e-book of maritime vision 2030, which is aiming to make the Indian maritime industry at par with the top global benchmark in the next 10 years.

Devdiscourse |

Chabahar Port has emerged as 'connecting point' to deliver humanitarian assistance: Mansukh Mandaviya

Chabahar Port has emerged as the 'connecting point' for the region to deliver humanitarian assistance during the Covid-19 pandemic, said Mansukh Mandaviya, Union Minister of Ports, Shipping and Waterways on Thursday. Virtually addressing the opening session on Maritime India Summit 2021, the Union Minister said, "Chabahar Port has emerged as the 'connecting point' for the region to deliver humanitarian assistance during the COVID pandemic. India has used Chabahar Port to ship wheat to Afghanistan."

"Chabahar Port is a joint effort of the governments of India, Iran and Afghanistan, to support landlocked Afghanistan by giving access to the open seas, optimising logistic cost by bringing in efficiency and create a reliable and safe transport corridor," Mandaviya added. He further said, "The 21st century will not belong to the land. It will be a century of the sea, skies and space keeping in mind the high priority that we attach to enhancing regional connectivity between India, Central Asia and beyond."

At the opening session, External Affairs Minister Dr S Jaishankar recounted Prime Minister Narendra Modi's visit to Iran in 2016 which paved the way for the trilateral agreement between India, Iran and Afghanistan. Jaishankar stated that today's event reflects India's strong commitment to work together with its own regional stakeholders to enhance connectivity in our region and to provide unhindered access to the sea and landlocked Central Asian countries through the Chabahar.

Other dignitaries who addressed their keynote at the session included, Minister of Transport Afghanistan, Qudratullah Zaki, Deputy Minister of Industry and Trade Russia, Oleg N Ryazantsev, Minister of Territorial Administration and Infrastructures Armenia, Suren Papikyan, Minister of Roads and Urban Development Iran, Mohammad Eslami, Deputy Minister of Transport of the Republic of Uzbekistan M Chariyev Jasurbek Ergashevich, Additional Secretary, Ministry of Ports, Shipping and Waterways Government of India Sanjay Bandopadhyay. Prime Minister Modi on Tuesday inaugurated the second edition of Maritime India Summit-2021. He also launched an e-book of maritime vision 2030, which is aiming to make the Indian maritime industry at par with the top global benchmark in the next 10 years.

News Tube |

India commemorates Chabahar Day at Maritime India Summit 2021

The Ministry of External Affairs announced that India will commemorate “Chabahar Day” Thursday, March 4 on the sidelines of India’s Maritime Summit 2021. Ministers from more than six countries, namely Afghanistan, Iran, Uzbekistan, Russia, Kazakhstan and Uzbekistan will participate in the virtual meeting.

At the virtual meeting which will be addressed by S Jaishankar, Minister of External Affairs of India.

The Minister of External Affairs stressed the importance of regional connectivity and said: “The Indian government, recognizing the importance of regional connectivity, has taken the historic decision to undertake an overseas port investment in Chabahar. While this project had been under discussion for some time, it was during Prime Minister Narendra Modi’s visit to Iran in 2016 that a trilateral agreement to establish an international transport and transit corridor was signed. by India, Iran and Afghanistan.

“The port of Chabahar has not only become a commercial transit hub for the region, but has also facilitated the delivery of humanitarian aid, especially during the COVID-19 pandemic. The port is part of our shared commitment to the peace, stability and prosperity of the Afghan people. India used the port of Chabahar to ship 75,000 tonnes of wheat as humanitarian food aid to Afghanistan in September 2020, ”Jaishankar added.
Jaishankar also praised the efforts of Uzbekistan and Afghanistan to join this multilateral corridor project. “The North-South International Transport Corridor (INSTC) is an important trade corridor project, in which India partners with 12 countries to establish an economic corridor for the benefit of our people. We also welcome the interest of Uzbekistan and Afghanistan in joining the multilateral corridor project, ”he said.

Earlier, while talking about the importance of Chabahar, Minister of State for Ports Mansukh Mandaviya said: “Chabahar Port is an important destination, and we are developing it. Two cranes have been asked. I will inaugurate it. Chabahar connects us to the CIS countries … this will increase connectivity with Europe. The port of Chabahar is important “

Chabahar in Iran is the key to connectivity to western India, providing forays into Afghanistan and Central Asia and the key to the north-south international transport corridor from Mumbai to Moscow. In January, India sent 2 cranes to the port, and in the coming months another 4 cranes will be sent, which will increase the efficiency of the port.

Scroll |

India calls for inclusion of Chabahar Port in international north-south transport route

India on Thursday proposed to include the Chabahar port in the International North South Transport Corridor route, said External Affairs Minister S Jaishankar. He also expressed hope that member states involved with the INSTC will agree to expand membership of the project.

“I am hopeful that during the INSTC Coordination Council meeting, member states would agree to the expansion of the INSTC route to include the Chabahar Port and also agree on expanding the membership of this project,” the minister said, during a virtual “Chabahar Day” event. It was organised on the sidelines of the Maritime India Summit 2021.

The INSTC is a key trade corridor project, in which India is partnering with 12 countries to set up an economic route, Jaishankar said. “We also welcome the interest of Uzbekistan and Afghanistan to join the multilateral corridor project,” the minister said. “Establishing an eastern corridor through Afghanistan would maximise its potential. India has also proposed the inclusion of Chabahar in the INSTC route.”

The Chabahar port was not only a regional commercial transit hub but also facilitated in humanitarian assistance, especially during the Covid-19 pandemic. “The port is part of our shared commitment towards peace, stability and prosperity of the people of Afghanistan,” Jaishankar said. “India has utilised the Chabahar port to ship 75,000 MT of wheat as humanitarian food assistance to Afghanistan in September 2020.”

Jaishankar said the shift in the focal point of global economic growth towards Asia was creating unprecedented opportunities for connectivity. “There is a huge infrastructure deficit in the region which needs to be met to fulfill growing aspirations of our peoples,” he added.

The project, which includes India, Iran, Russia, Turkey, Armenia, Azerbaijan, Belarus, Kazakhstan, the Kyrgyz Republic, Tajikistan, Oman, Syria and Ukraine, was first proposed in 2000 to curb costs and time in moving cargo, and to improve connectivity in the region between Russia and the Central Asian states and India, according to the Hindustan Times.

“The transport and transit corridor is intended to ensure the unhindered flow of commerce throughout the region and to create a safe, secure and reliable route to trade initially with Afghanistan, and thereafter with Central Asia as a whole,” Jaishankar said.

In July, India had dismissed reports that Iran had decided to exclude it from the construction project of a railway line linking the Chabahar port with Afghanistan, and said that Tehran is yet to nominate an authorised entity to finalise the outstanding technical and financial matters related to the venture.

India had signed the highly-anticipated deal on the Chabahar port, which lies in a free trade zone, in May 2016. The railway project was between the Iranian railways and the state-owned Indian Railways Construction Limited. It was meant to be part of India’s commitment to the trilateral agreement between India, Iran and Afghanistan to build an alternate trade route to Afghanistan and Central Asia.

India has invested $500 million (approximately Rs 3,700 crore) in the Chabahar project, which will connect the country with Afghanistan and Central Asia, bypassing Pakistan. The first phase of the strategically-located project was inaugurated in December 2017.

SME Street |

Minister praised the connectivity potential of Chabahar Port at Maritime India Summit-2021

The Second edition of Virtual Maritime India Summit-2021 concluded today. The three-day maritime conference was one of the biggest virtual maritime summits of the world.

In his keynote address of Chabahar day Session, Shri Mansukh Mandaviya, Minister of Ports, Shipping and Waterways said that Chabahar Port project will be developed as transit hub for cross connectivity between India and Eurasia and further added that Chabahar Port handled 123 vessels and total 13,752 TEUs and 18 lakh tons of bulk / general cargo. Chabahar Port has emerged as the “connecting point” for the region to deliver humanitarian assistance during the COVID pandemic, added Shri Mandaviya. Shri Mandaviya reiterated the importance of the maritime sector and said, ‘The 21st century will not belong to land; it will be a century of the seas, skies and space’.

In the Valedictory Session of Maritime India Summit-2021, Shri Sanjay Bandopadhyaya, additional secretary of Ministry of Ports, Shipping and Waterways briefed about the summit and added that about 1.90 lakh delegates registered for the summit,16 international ministers from 11 nations joined for different sessions. A total of six union ministers, chief ministers of three states and two state ministers having joined us for different sessions. A total of 55 CEOs, which included 31 international CEOs and 24 Indian CEOs joined during the CEO’s forum . A total of 110 exhibitors joined during the summit, in 18 pavilions and 107 booths, which led to 5,540 B2B meetings. A total of more than 64,000 visitors were recorded during the three days of the summit.

In his concluding remark, Shri Mansukh Mandaviya said, ‘Maritime India Summit-2021 will empower and strengthen Maritime India Vision-2030 which was launched by Prime Minister Shri Narendra Modi in the inauguration of the summit. Due to MIS-2021, the expectations and the aspirations of the world towards India has increased. We have to keep marching towards achieving our goal. MoU signed during the summit should borne successful outcome with our dedicated and focused efforts’. Shri Mandaviya ended with optimism and said, “AatmNirbhar Maritime Sector’ would be foundation of the New India and ‘AatmNirabhar India”

The News Strike |

Maritime India Summit-2021 concludes today with 'Chabahar Day'

The Second edition of Virtual Maritime India Summit-2021 concluded today. The three-day maritime conference was one of the biggest virtual maritime summits of the world.

In his key note address of Chabahar day Session, Shri Mansukh Mandaviya, Minister of Ports, Shipping and Waterways said that Chabahar Port project will be developed as transit hub for cross connectivity between the India and Eurasia and further added that Chabahar Port handled 123 vessels and total 13,752 TEUs and 18 lakh tons of bulk / general cargo. Chabahar Port has emerged as the “connecting point” for the region to deliver humanitarian assistance during the COVID pandemic, added Shri Mandaviya. Shri Mandaviya reiterated the importance of the maritime sector and said, ‘The 21st century will not belong to land; it will be a century of the seas, skies and space’.

In the Valedictory Session of Maritime India Summit-2021, Shri Sanjay Bandopadhyaya, additional secretary of Ministry of Ports, Shipping and Waterways briefed about the summit and added that about 1.90 lakh delegates registered for the summit,16 international ministers from 11 nations joined for different sessions. A total of six union ministers, chief ministers of three states and two state ministers having joined us for different sessions. A total of 55 CEOs, which included 31 international CEOs and 24 Indian CEOs joined during the CEO’s forum . A total of 110 exhibitors joined during the summit, in 18 pavilions and 107 booths, which led to 5,540 B2B meetings. A total of more than 64,000 visitors were recorded during the three days of the summit.

In his concluding remark, Shri Mansukh Mandaviya said, ‘Maritime India Summit-2021 will empower and strengthen Maritime India Vision-2030 which was launched by Prime Minister Shri Narendra Modi in the inauguration of the summit. Due to MIS-2021, the expectations and the aspirations of the world towards India has increased. We have to keep marching towards achieving our goal. MoU signed during the summit should borne successful outcome with our dedicated and focused efforts’. Shri Mandaviya ended with optimism and said, “AatmNirbhar Maritime Sector’ would be foundation of the New India and ‘AatmNirabhar India”

IND News |

MoS Mansukh Mandaviya says, Chabahar Port has emerged as ‘connecting point’ during COVID pandemic

Minister of State for Ports, Shipping and Waterways Mansukh Mandaviya has said that the Chabahar Port has emerged as the 'connecting point' for the region to deliver humanitarian assistance during the COVID pandemic.

Delivering his keynote address on 'Chabahar Day' in the Maritime India Summit today, Mr. Madaviya said, Chabahar Port is facilitating trade between Central Asian countries and Afghanistan with the countries of South and Southeast Asia and the Far East.

He said, India used the Port to ship wheat to Afghanistan even during the tough times of COVID-19. He added that India has already proposed the inclusion of Chabahar Port in the International North-South Transport Corridor, INSTCroute.

The Shipping & Ports Minister welcomed the interest shown by Uzbekistan and Afghanistan to join the INSTC.

Latest LY |

424 MoUs Signed During Maritime India Summit 2021, Says Mansukh Mandaviya

A total of 424 memoranda of understanding (MoUs) were signed during the second edition of the virtual Maritime India Summit-2021 that concluded on Thursday, said Union Minister for Ports, Shipping and Waterways Mansukh Mandaviya.

The three-day maritime conference was inaugurated on March 2 by Prime Minister Narendra Modi.

"The summit received good support and a total of 424 MoUs were signed in three days. The investment of more than Rs 3 lakh crores has been committed by top maritime companies of the world and it is a matter of great pleasure for us," Mandaviya told ANI.

The Minister said the "Maritime Vision 2030" and its "road map" have released, and added, "seeing this, the shipping line infrastructure development companies are going to investing in India in coming days."

India also commemorated the 'Chabahar Day' today with ministerial presence from six nations at the Maritime India Summit organised by India's shipping ministry.

Mandaviya said Chabahar Port has emerged as the "connecting point" between India and Eurasia to deliver humanitarian assistance during the COVID-19 pandemic and the Chabahar Port project will be developed as a transit hub for cross connectivity between the two countries.

"Maritime India Summit-2021 will empower and strengthen Maritime India Vision-2030 which was launched by Prime Minister Narendra Modi in the inauguration of the summit. Due to Maritime India Summit-2021, the expectations and the aspirations of the world towards India have increased. We have to keep marching towards achieving our goal," the Union Minister added.

The Economic Times |

India to celebrate Chabahar Day with ministerial presence from six nations

India will commemorate ‘Chabahar Day’ on Thursday on the margins of the Maritime India Summit-2021 which is being held from March 02-04.

The event will be held virtually. Ministers from Russia, Afghanistan, Armenia, Iran, Kazakhstan and Uzbekistan will participate in the event.

Foreign Minister S Jaishankar will address the Ministerial Level opening session. Mansukh Mandaviya, Minister of State (Independent Charge) for the Ministry of Ports,Shipping and Waterways and Minister of State for Chemical & Fertilizers will deliver the keynote address.

The Ministerial level opening session will be followed by two webinar sessions on the : "Development of Port Infrastructure: Unleashing Opportunities” and "Boosting Business through Trade Promotion and Regional Connectivity”.

In January India stepped up engagements with its extended neighbour Iran by handing over cranes for the strategically located Chabahar Port.

India is hoping to boost its involvement in the Chabahar Port, including a trilateral arrangement not only with Afghanistan but also with Uzbekistan. The Port is New Delhi’s key gateway to Afghanistan and its significance for India will increase as the landlocked country prepares for a political settlement.

The Chabahar Port is a key pillar of India’s Indo-Pacific vision –– to connect Eurasia with the Indian Ocean Region. The Port will also be part of INSTC network connecting Mumbai with Russia via Iran.

The Dispatch |

India to commemorate Chabahar Day on sidelines of Maritime India Summit-2021 today

India will commemorate Chabahar Day today on the margins of the Maritime India Summit-2021. The event will be held virtually. Ministers from Afghanistan, Armenia, Iran, Kazakhstan, Russia and Uzbekistan will participate in the event.

External Affairs Minister S Jaishankar will address the Ministerial Level opening session. Minister for Ports, Shipping and Waterways Mansukh Mandaviya will deliver the keynote address.

The Ministerial level opening session will be followed by two webinar sessions on the Development of Port Infrastructure: Unleashing Opportunities and Boosting Business through Trade Promotion and Regional Connectivity.

Defence Aviation Post |

India to celebrate Chabahar Day with ministerial presence from six nations

India will commemorate ‘Chabahar Day’ on Thursday on the margins of the Maritime India Summit-2021 which is being held from March 02-04. The event will be held virtually. Ministers from Russia, Afghanistan, Armenia, Iran, Kazakhstan and Uzbekistan will participate in the event.

Foreign Minister S Jaishankar will address the Ministerial Level opening session. Mansukh Mandaviya, Minister of State (Independent Charge) for the Ministry of Ports,Shipping and Waterways and Minister of State for Chemical & Fertilizers will deliver the keynote address.

The Ministerial level opening session will be followed by two webinar sessions on the : “Development of Port Infrastructure:Unleashing Opportunities” and “Boosting Business through Trade Promotion and Regional Connectivity”.

In January India stepped up engagements with its extended neighbour Iran by handing over cranes for the strategically located Chabahar Port.

India is hoping to boost its involvement in the Chabahar Port, including a trilateral arrangement not only with Afghanistan but also with Uzbekistan. The Port is New Delhi’s key gateway to Afghanistan and its significance for India will increase as the landlocked country prepares for a political settlement.

Defence Aviation Post |

India to celebrate Chabahar Day with ministerial presence from six nations

India will commemorate ‘Chabahar Day’ on Thursday on the margins of the Maritime India Summit-2021 which is being held from March 02-04. The event will be held virtually. Ministers from Russia, Afghanistan, Armenia, Iran, Kazakhstan and Uzbekistan will participate in the event.

Foreign Minister S Jaishankar will address the Ministerial Level opening session. Mansukh Mandaviya, Minister of State (Independent Charge) for the Ministry of Ports,Shipping and Waterways and Minister of State for Chemical & Fertilizers will deliver the keynote address.

The Ministerial level opening session will be followed by two webinar sessions on the : “Development of Port Infrastructure:Unleashing Opportunities” and “Boosting Business through Trade Promotion and Regional Connectivity”.

In January India stepped up engagements with its extended neighbour Iran by handing over cranes for the strategically located Chabahar Port.

India is hoping to boost its involvement in the Chabahar Port, including a trilateral arrangement not only with Afghanistan but also with Uzbekistan. The Port is New Delhi’s key gateway to Afghanistan and its significance for India will increase as the landlocked country prepares for a political settlement.

Orissa Diary |

Entire rail network to be fully electrified by Dec 2023; entire rail network to run on renewable energy by 2030: Piyush Goyal

Mr Piyush Goyal, Union Minister for Railways, Commerce & Industry and Consumer Affairs, Food & Public Distribution, Govt of India today said that the government is working to ensure that the entire rail network will be fully electrified by December 2023 and the entire rail network will run on renewable energy by 2030.
Addressing the virtual session ‘Investment Opportunities in Andhra Pradesh’, during the ‘Maritime India Summit 2021’, organized by the Ministry of Ports, Shipping and Waterways, jointly with FICCI, Mr Goyal said that India has had a glorious maritime history and we are on the path to build an even greater maritime future. “In the last 6 years, the capacity of our major ports has almost doubled. We have developed smart cities and industrial parks and integrated ports with the coastal economic zones. Integration of Road, Rail & Waterways can truly make India ‘One Nation, One Market, One Supply’,” he added.

Mr Goyal further said that we need to reduce our logistics cost so that the international and domestic freight costs will reduce from 13-14% cost of goods to a more acceptable international benchmark of 8%. “Bringing down the logistics cost is the need of the hour today. India cannot be competitive as long as our logistics cost remains so high. We are working on multi-modal logistics solutions to bring down the cost of transportation & increase supply chain efficiency. It’s time that we plan our port sector in such a manner that we can have modern and efficient ports, the turnaround time of ships can be brought down significantly. A more competitive spirit will help to keep the cost in freight and at port low,” he said.

Maritime India summit 2021, he said will be the beginning of our victory against high freight costs, our victory to be an international player in maritime sector, our victory in ensuring jobs. “Under PM’s leadership, the country has had a very rapid V-shaped recovery. This Maritime India Summit 2021 will be the beginning of our victory to be an international player in the sector,” he added.

Highlighting the potential in Andhra Pradesh, Mr Goyal said that the government is working closely with the Govt of Andhra Pradesh to further develop road, rail and port infrastructure and promote dedicated freight corridor as both for encouraging economic activities and bring manufacturing activity & promote industrial parks in the State. “I would urge industry captains to let us build industry at sea. We on our part will ensure ease of doing business. We will work in partnership with States for enhancing ease of doing business at state and local level.

He further stated that the maritime sector is a very critical sector for Atmanirbhar Bharat. We are working to turn our coastal region into a role model for ease of living and ease of doing business. He added that the government is working on 3 mantras for the infrastructure sector in the country ? Upgrade, Create, Dedicate. “If we re-invent with technology driven solutions like robotics, automation, artificial intelligence, big data analytics, our sector is SAFE- Sustainable, Agile, Futuristic, Efficient. I appeal to all stakeholders to utilize this opportunity to transform from being ‘service provider’ to ‘knowledge provider’,” Mr Goyal asserted.

Mr R Karikal Valaven, Special Chief Secretary Industries, Investment & Commerce, Govt of Andhra Pradesh said that the state of Andhra Pradesh is a natural choice for any investor to come and invest because of a very vibrant coastline. He further said that it is the endeavour of the state government to reduce the cost of doing business. “The state has a very good network of roads and railways and now with port infrastructure, the maritime economy is going to thrive. We are developing multimodal logistics parks to facilitate transportation,” he added.

Highlighting the State’s industrial policy, YSR AP1, Mr Valaven, said that it is a one stop shop for investors providing all solutions, handholding, facilitation, market support and all support required for doing business.

He further stated that the state government is also planning to promote maritime tourism. “Tourism is an area of our interest. All sea ports and fishing harbors will be connected through cruise tourism. We are aiming at inclusive growth for the state,” added Mr Valaven.

Mr K. Rama Mohana Rao, Chairman, Visakhapatnam Port Trust Mr NP Ramakrishna Reddy, CEO, AP Maritime Board; Lt Cdr Ravindra Reddy, Dy. CEO, AP Maritime Board and Mr Durgesh Dubey, Deputy Chairman, Visakhapatnam Port Trust also shared their perspective during the session.

Orissa Diary |

Govt of India committed to reduce its carbon emission by 30-35% by 2030: Nitin Gadkari

Mr Nitin Gadkari, Minister for Road Transport & Highways and MSME, Govt of India today said that the partnership of India and UK dates to many years and have a glorious history of working together on economy and infrastructure. Taking lessons from history, this is time for us to act upon delivering a sustainable infrastructure without compromising on the values of ecology and environment, he added.
Addressing the virtual session ‘India and the UK – Partners for Growth: Unlocking Sustainable and Climate-resilient Infrastructure Opportunities’, organized by FICCI, Mr Gadkari said that as per the Paris Climate Agreement, the government of India is committed in reducing its carbon emissions by 30-35 percent by 2030. The UK is also committed to reduce its carbon emission to net zero by 2050, he added.

Mr Gadkari further said that as far as India is concerned, we have limited resources, huge low-middle income population, demographic and cultural diversity but we also have a strong resolve for working towards a clean and green future. “I strongly believe that societies must be liveable, workable and sustainable. India has a surplus of solar energy potential that we can use for electricity generation. This is the time for us to act upon delivering a sustainable infrastructure without compromising on the values of ecology and environmental,” he emphasized.

Mr Gadkari stated that the India-UK partnership on climate action can deliver substantial progress towards reducing emissions and helping towards resilient infrastructure globally.

India-UK, he said are exploring how to develop technology and the investment needed for adoption of alternate and green energy sources. “It is important to share experiences, collaborate on research and development and catalyse the private sector to invest in renewable energy,” said Mr Gadkari.

India is taking several steps to achieve the national determined contribution targets for increasing renewable energy share through its ambitious target of achieving 450 MW renewable energy capacity by 2030. “One of the largest such expansion plans in the world is already underway,” he informed.

Mr Gadkari also said that UK is the world leader in intelligent transportation system, AI, GIS and GPS based tools and infrared surveillance systems. This can be used in India’s largest road network can be facilitated with these advanced technologies for effective traffic movement and road asset management. “We aim to learn success stories of each other to enhance our mutual knowledge as two great nations,” he noted.

He further stated that currently we are constructing highways at the rate of 33 kms per day which might be a world record. “My aim is to construct over 60,000 kms of highway in the next 5 years at the rate of more than 40 kms per day,” he added. The government is also developing 22 greenfield expressways along with access control corridors as a part of Bharatmala Pariyojna at a cost of Rs 3.32 lakh crore and these corridors will be completed before 2025.
The government, he said is developing 35 multimodal logistic parks with cold storage facilities and it will help in reducing logistic time and decongestion of our cities.

Rt Hon Anne-Marie Trevelyan, UK International Champion on Adaptation and Resilience for the COP26 Presidency and Minister of State (Minister for Business, Energy and Clean Growth) said that India has taken several successful steps towards climate change. Like the UK, India has shown its adaptation plans are at the heart of its approach to climate change. “Adaptation is the key focus of the India-UK partnership. Our common commitment to tackling climate change and the friendship between the two nations makes us ideal partners in finding solutions,” she added.

She emphasized that it is critical that we all devise comprehensive policy framework to develop climate resilient infrastructure. This will significantly reduce socio-economic vulnerability to natural disasters by anticipating, preparing for, and adapting to climate change conditions.

HE Mr Alex Ellis, The British High Commissioner to India said that one of the things which India has been a champion on is climate resilient infrastructure in its neighbourhoods. “That is what UK also supports and will continue to support,” he added.

He further said that India’s scale and opportunities and the UK’s knowledge and expertise are a good combination.

Mr Kolluru Krishan, Chairman, FICCI Climate Change Committee and Chairman, CVC Infrastructure Pvt Ltd said that when we talk of climate in resilient infrastructure and adaptation, the two sectors which are very important include transportation and the impact it has on MSMEs.

Yahoo News |

India to commemorate 'Chabahar Day' tomorrow

India will commemorate 'Chabahar Day' on March 4 on the margins of the Maritime India Summit-2021 which is being held from March 2 to 4.

According to a statement from the Ministry of External Affairs (MEA), ministers from Afghanistan, Armenia, Iran, Kazakhstan, Russia and Uzbekistan will participate in the event.

External Affairs Minister S Jaishankar will address the Ministerial Level opening session, while Mansukh Mandaviya, Minister of State (Independent Charge) for the Ministry of Ports, Shipping and Waterways and Minister of State for Chemical and Fertilizers will deliver the keynote address.

The Ministerial level opening session will be followed by two webinar sessions, "Development of Port Infrastructure: Unleashing Opportunities" and "Boosting Business through Trade Promotion and Regional Connectivity", according to the MEA.

The first trilateral Working Group meeting between India, Iran and Uzbekistan on the joint use of Chabahar port was held virtually in December last year, wherein participants held discussions on the use of the port for trade, transit and enhanced regional connectivity.

According to an official release by the MEA, the participants of the meeting had discussed the joint use of Chabahar port for trade and transit purposes and for enhancing regional connectivity. All three sides noted the significant role of the port to deliver humanitarian assistance during the COVID-19 pandemic.

All sides welcomed India's proposal to hold Chabahar Day on the sidelines of the International Maritime Summit scheduled to be hosted by India in January 2021, said the MEA.

In 2018, Iran and India had signed an agreement worth USD 85 million to develop the Chabahar Port in south-eastern Iran. The port is located in the Gulf of Oman, and provides an alternative route for trade between India and Afghanistan.

The Chabahar port is a key connectivity project to boost trade ties among India, Iran, and Afghanistan.

Outlook |

India to commemorate ''Chabahar Day'' on Thursday

India will commemorate ''Chabahar Day'' on Thursday on the sidelines of the Maritime India Summit 2021 being held here, the Ministry of External Affairs said Wednesday.
The virtual event will see the participation of ministers from Afghanistan, Armenia, Iran, Kazakhstan, Russia and the Uzbekistan.

India will commemorate ''Chabahar Day'' on March 04, 2021 on the margins of the Maritime India Summit-2021 which is being held from March 2-4, 2021, the MEA said in a statement.

External Affairs Minister S Jaishankar will address the ministerial level opening session, while Mansukh Mandaviya, the Minister of State (Independent Charge) for the Ministry of Ports, Shipping and Waterways and Minister of State for Chemical & Fertilizers, will deliver the keynote address, it said.

The ministerial-level opening session will be followed by two webinar sessions -- ''Development of Port Infrastructure: Unleashing Opportunities'' and ''Boosting Business through Trade Promotion and Regional Connectivity''.

The location of the Chabahar port has strategic advantage and high potential to provide connectivity among India, Iran, Afghanistan, Uzbekistan and other Commonwealth of Independent States (CIS) countries, and boost trade.

NDTV |

India to commemorate "Chabahar Day" On March 4: Foreign Ministry


India will commemorate 'Chabahar Day' on Thursday on the sidelines of the Maritime India Summit 2021 being held in Delhi, the Ministry of External Affairs (MEA) said Wednesday.
The virtual event will see the participation of ministers from Afghanistan, Armenia, Iran, Kazakhstan, Russia and the Uzbekistan.

India will commemorate 'Chabahar Day' on March 04, 2021 on the margins of the Maritime India Summit-2021 which is being held from March 2-4, 2021, the MEA said in a statement.

External Affairs Minister S Jaishankar will address the ministerial level opening session, while Mansukh Mandaviya, the Minister of State (Independent Charge) for the Ministry of Ports, Shipping and Waterways and Minister of State for Chemical & Fertilizers, will deliver the keynote address, it said.

The ministerial-level opening session will be followed by two webinar sessions -- 'Development of Port Infrastructure: Unleashing Opportunities' and 'Boosting Business through Trade Promotion and Regional Connectivity'.

The location of the Chabahar port has strategic advantage and high potential to provide connectivity among India, Iran, Afghanistan, Uzbekistan and other Commonwealth of Independent States (CIS) countries, and boost trade.

The Tribune |

Modi says $82 billion being invested in ports, invites global firms to be part of India's growth trajectory

India will invest USD 82 billion in port projects by 2035, raise share of clean renewable energy source in maritime sector, develop waterways, augment seaplane services and boost tourism around lighthouses, Prime Minister Narendra Modi said on Tuesday urging global players to make India a "preferred investment destination".

As many as 400 projects with investment potential to the tune of USD 31 billion are ready for investors, who can be a part of India's growth trajectory, Modi said while inaugurating the Maritime India Summit.

"As many as 574 projects at a cost of USD 82 billion or Rs 6 lakh crore have been identified under the Sagarmala project for implementation during 2030 and 2035...We will encourage private investment in the port sector...India's long coastline awaits you. India's hardworking people await you.

"Invest in our ports. Invest in our people. Let India be your preferred trade destination. Let Indian ports be your port of call for trade and commerce," the Prime Minister said as he invited players to invest in Indian ports, shipyards and waterways.

The Ministry of Ports, Shipping and Waterways is ready with a list of 400 investable projects with investment potential of USD 31 billion or Rs 2.25 lakh crore, Modi said, adding that this would further strengthen India's commitment of overall development of its maritime sector.

"Through this Maritime India summit, I want to invite the world to come to India and be a part of our growth trajectory. India is emerging as a leading blue economy of the world. Our leading focus area includes upgrading current infrastructure, creating next generation infra, boosting the reform journey. Through these steps we aim to give vision to our Aatmanirbhar Bharat," he said.

Modi said, “Ours is a government that is investing in waterways in a way that was never seen before. Domestic waterways are found to be cost-effective and environment-friendly ways of transporting freight. We aim to operate 23 waterways by 2030."

He said this would be done through infrastructure enhancement, fairway development, navigation aid and river information system provisions and focus would also be given on augmenting regional connectivity to Bangladesh, Bhutan and Myanmar.

New Maritime Infra will usher in ease of living through launch of roll-on, roll-off and other projects for harnessing rivers.

"Waterdromes at 16 locations are being developed to enable seaplane operations... River cruise terminal infra and jetty are being developed on five national waterways. We aim to develop domestic and international cruise terminals by 2023," the Prime Minister said.

Asserting that the government is working towards holistic maritime development that is not in silos, he said plans had been drawn for developing tourism on land adjacent to 78 out of 189 lighthouses on Indian coastline.

"This with the objective of enhancing development of the existing lighthouses and its surrounding areas into unique maritime tourism landmarks," he said, adding that the government had also initiated holistic development of islands.

Alongside, the usage of clean renewable energy in the maritime sector is being raised.

"We are in the process of installing solar- and wind-based power systems in all the major ports across the country. We aim to increase usage of renewable energy to more than 60 per cent of all energy by 2030 in three phases across Indian ports," he said.

Modi said Indian ports had reduced waiting time for inbound and outbound cargo. "India is very serious about growing in the maritime sector and emerging as a leading Blue Economy of the world," he said.

The government of India is also focusing on the domestic shipbuilding and ship repair market, he said, adding that to encourage domestic shipbuilding, a Shipbuilding Financial Assistance Policy for Indian Shipyards had been approved.

Recalling India's rich maritime heritage, the PM said it brings together many stakeholders. "Together we will achieve great success in boosting the maritime economy. India is a natural leader in this sector. Our nation has a rich maritime history. Civilisations flourished on our coasts. For thousands of years. Our ports have been important trading centres. Our ports connected India to the world," he said.

Emphasising on improving efficiency, he said as a result of steps in this direction, capacity of major ports which was 870 million tonnes in 2014, has increased to around 1,550 MT per annum at present.

"This productivity gain not only helps our ports but also boosts the overall economy by making our ports more competitive," he said.

The Prime Minister also launched an E book -- Maritime India vision (MIV) 2030 -- that envisages over Rs 3 lakh crore investments in various port sectors generating over 20 lakh direct and indirect jobs.

The MIV 2030 identifies five key areas to propel growth and deliver tangible benefits to agriculture, logistics, local manufacturing, recycling and tourism besides boosting Indian tonnage.

It aims to make India a preferred global destination for investments in the sector.

The Prime Minister also launched Sagar Manthan Mercantile Marine Domain that envisages receiving oceanic data among others.

Minister of Ports, Shipping and Waterways Mansukh Mandaviya said post enactment of Recycling of Ship Act 2019, India now aspires to grab at least 50 per cent of global ship recycling business.

Zee News |

India will invest USD 82 billion in port projects by 2035: PM Narendra Modi at Maritime Summit

Prime Minister Narendra Modi said on Tuesday (March 2) that India will invest USD 82 billion in port projects by 2035, raising the share of clean renewable energy sources in the maritime sector. He also spoke about developing waterways and boosting tourism around lighthouses as part of port-led development.

Speaking at the Maritime India Summit, he invited global investors to invest in Indian ports, shipyards and waterways.

More than 574 projects costing USD 82 billion or Rs 6 lakh crore have been identified for implementation between 2015 and 2035 under the Sagarmala Project, he said.

The government, he said, is looking to operationalise 23 waterways by 2030.

"Ours is a government that is investing in waterways in a way that was never seen before. Domestic waterways are found to be cost effective and environment friendly ways of transporting freight," he said.

"This with the objective of enhancing development of the existing lighthouses and its surrounding areas into unique maritime tourism landmarks," he said adding the government has also initiated holistic development of islands.

Alongside, the usage of clean renewable energy in the maritime sector is being raised.

"We are in the process of installing solar and wind-based power systems in all the major ports across the country. We aim to increase usage of renewable energy to more than 60 per cent of all energy by 2030 in three phases across Indian ports," he said.

Modi said Indian ports have reduced waiting time for inbound and outbound cargo. "India is very serious about growing in the maritime sector and emerging as a leading Blue Economy of the world," he said.

Plans have been drawn for developing tourism on land adjacent to 78 out of 189 lighthouses on the Indian coastline.

Zee News |

Centre aims to operationalise 23 waterways by 2030, says PM Narendra Modi at Maritime India Summit 2021

Prime Minister Narendra Modi on Tuesday (March 2, 2021) inaugurated the 'Maritime India Summit 2021' and said that the Centre is aiming to operationalise 23 waterways by 2030.

Prime Minister Modi said, "Ours is a Government that is investing in waterways in a way that was never seen before. Domestic waterways are found to be cost-effective and environment friendly ways of transporting freight. We aim to operationalise 23 waterways by 2030."

He also pointed out that India has as many as 189 lighthouses across its vast coastline and said, "We have drawn up a programme for developing tourism in the land adjacent to 78 lighthouses. The key objective of this initiative is to enhance the development of the existing lighthouses and its surrounding areas into unique maritime tourism landmarks."

He announced that steps are also being taken to introduce urban water transport systems in key states and cities such as Kochi, Mumbai, Gujarat and Goa.

Speaking on the occasion, the Prime Minister also invited the world to come to India and be a part of the country's growth trajectory.

"India is very serious about growing in the maritime sector and emerging as a leading Blue Economy of the world. Through the focus areas of upgradation of infrastructure, boosting reform journey, India aims to strengthen the vision of Aatamnirbhar Bharat," he said.

He stated that instead of a piecemeal approach, the focus is on the entire sector as one.

The Prime Minister informed that the capacity of major ports has increased from 870 million tonnes in 2014 to 1550 million tonnes now. He also informed that mega ports with world-class infrastructure are being developed in Vadhavan, Paradip and Deendayal Port in Kandla.

He said that the Centre has recently widened the ambit of the maritime sector by renaming the Ministry of Shipping as Ministry of Ports, Shipping and Waterways so that work happens in a holistic manner.

PM Modi said that the Ministry of Port Shipping and Waterways has created a list of 400 investable projects and that these projects have an investment potential of $ 31 billion (over Rs 2.25 lakh crores).

India TV |

USD 82 bn being invested in ports: PM Modi at Maritime India Summit

India will invest USD 82 billion in port projects by 2035, raise the share of clean renewable energy source in the maritime sector, developing waterways and boost tourism around lighthouses as part of port-led development, Prime Minister Narendra Modi said on Tuesday. Speaking at the Maritime India Summit, he invited global investors to invest in Indian ports, shipyards and waterways. More than 574 projects costing USD 82 billion or Rs 6 lakh crore have been identified for implementation between 2015 and 2035 under the Sagarmala Project, he said.

The government, he said, is looking to operationalise 23 waterways by 2030.

"Ours is a government that is investing in waterways in a way that was never seen before. Domestic waterways are found to be cost-effective and environment-friendly ways of transporting freight," he said.

Also, plans have been drawn for developing tourism on land adjacent to 78 out of 189 lighthouses on the Indian coastline.

"This with the objective of enhancing the development of the existing lighthouses and its surrounding areas into unique maritime tourism landmarks," he said adding the government has also initiated holistic development of islands.

Alongside, the usage of clean renewable energy in the maritime sector is being raised.

"We are in the process of installing solar and wind-based power systems in all the major ports across the country. We aim to increase usage of renewable energy to more than 60 per cent of all energy by 2030 in three phases across Indian ports," he said.

Modi said Indian ports have reduced waiting time for inbound and outbound cargo. "India is very serious about growing in the maritime sector and emerging as a leading Blue Economy of the world," he said.

Zee News |

India will invest USD 82 billion in port projects by 2035: PM Narendra Modi at Maritime Summit

Prime Minister Narendra Modi said on Tuesday (March 2) that India will invest USD 82 billion in port projects by 2035, raising the share of clean renewable energy sources in the maritime sector. He also spoke about developing waterways and boosting tourism around lighthouses as part of port-led development.

Speaking at the Maritime India Summit, he invited global investors to invest in Indian ports, shipyards and waterways.

More than 574 projects costing USD 82 billion or Rs 6 lakh crore have been identified for implementation between 2015 and 2035 under the Sagarmala Project, he said.
The government, he said, is looking to operationalise 23 waterways by 2030.

"Ours is a government that is investing in waterways in a way that was never seen before. Domestic waterways are found to be cost effective and environment friendly ways of transporting freight," he said.

"This with the objective of enhancing development of the existing lighthouses and its surrounding areas into unique maritime tourism landmarks," he said adding the government has also initiated holistic development of islands.

Alongside, the usage of clean renewable energy in the maritime sector is being raised.

"We are in the process of installing solar and wind-based power systems in all the major ports across the country. We aim to increase usage of renewable energy to more than 60 per cent of all energy by 2030 in three phases across Indian ports," he said.

Modi said Indian ports have reduced waiting time for inbound and outbound cargo. "India is very serious about growing in the maritime sector and emerging as a leading Blue Economy of the world," he said.

Plans have been drawn for developing tourism on land adjacent to 78 out of 189 lighthouses on the Indian coastline.

AIR News |

PM Modi emphasises on creating world class maritime infrastructure through various reforms to achieve vision of Atmairbhar Bharat

Screen Grab (PMO India)Prime Minister Narendra Modi has invited the world to come to India and be a part of India’s growth trajectory. He said, India is very serious about growing in the maritime sector and emerging as a leading Blue Economy of the world. Mr Modi was speaking after inaugurating Maritime India Summit-2021 through video conferencing today. The three-day Maritime India Summit-2021 is being organized by the Ministry of Ports, Shipping and Waterways on a virtual platform www.maritimeindiasummit.in.

Mr Modi said, through the focus areas of upgradation of infrastructure, boosting reform journey, India aims to strengthen the vision of Atmanirbhar Bharat. The Prime Minister informed that capacity of major ports have increased from 870 million tonnes in 2014 to 1,550 million tonnes now. Mr Modi said, Indian ports now have measures such as, Direct Port Delivery, Direct Port Entry and an upgraded Port Community System for easy data flow. He said, Indian ports have reduced waiting time for in-bound and out-bound cargo. The Prime Minister informed that mega ports with world class infrastructure are being developed in Vadhavan, Paradip and Deendayal Port in Kandla.
The Prime Minister asserted that his Government is investing in waterways in a way that was never seen before. He said, domestic waterways are found to be cost-effective and environment-friendly ways of transporting freight. Mr Modi said, government aims to operationalise 23 waterways by 2030. He also pointed out that India has as many as 189 lighthouses across its vast coastline and the government has drawn up a programme for developing tourism in the land adjacent to 78 lighthouses. He announced that steps are also being taken to introduce urban water transport systems in key states and cities such as Kochi, Mumbai, Gujarat and Goa.

Mr Modi expressed the desire to share the best practices with the world and also the openness to learning from global best practices. He said, continuing with India’s focus on trade and economic linkages with the BIMSTEC and IOR nations, India plans to enhance investment in infrastructure and facilitate mutual agreements by 2026.
AIR Correspondent reports, the Prime Minister mentioned that the Ministry of Port, Shipping and Waterways has created a list of 400 investable projects which have an investment potential of USD 31 billion. He said, Government is also focusing on the domestic ship building and ship repair market. To encourage domestic shipbuilding approval has been given to the Shipbuilding Financial Assistance Policy for Indian Shipyards.

Mr Modi said, the government has initiated holistic development of island infrastructure and ecosystem. Government is keen to promote the use of renewable energy in the maritime sector and is in the process of installing solar and wind-based power systems at all the major ports across the country. Eminent speakers from several countries are attending the summit and exploring the potential business opportunities and investments in Indian Maritime domain. Denmark is the partner country for the summit this year. Danish Minister of Transport Benny Englebrecht was present in the inaugural ceremony.

Outlook |

Maritime India Summit 2021: PM Modi bats for Private Investment in Port Sector

Prime Minister Narendra Modi on Tuesday inaugurated the 'Maritime India Summit 2021' through video conferencing.

The summit was organised by the Ministry of Ports, Shipping and Waterways and will be conducted on a virtual platform from March 2-4. Denmark has been invited as the partner country for the three-day summit.

PM Narendra Modi said that the government's focus is on upgrading current infrastructure, creating next generation infrastructure, boosting reform journey.

Speaking about the private investment, he said that we can boost private investment in port sector by encouraging investment.

The summit brings together many stakeholders and I believe together we can achieve great success in the Maritime sector, said prime minister

More than 574 projects costing USD 82 billion or Rs 6 lakh crore have been identified for implementation between 2015 and 2035 under the Sagarmala Project, he added.

PM also hailed India's leadership in the Maritime sector. He said, India is emerging as a leading blue economy. Through the Maritime summit, PM invited the world leaders to connect with the nation.

He also informed that the government is focusing on domestic ship building and ship repair market. that will provide financial assistance for shipyards

The government is looking to operationalise 23 waterways by 2030.

"Ours is a government that is investing in waterways in a way that was never seen before. Domestic waterways are found to be cost effective and environment friendly ways of transporting freight," he said.

Also, plans have been drawn for developing tourism on land adjacent to 78 out of 189 lighthouses on Indian coastline.

"This with the objective of enhancing development of the existing lighthouses and its surrounding areas into unique maritime tourism landmarks," he said adding the government has also initiated holistic development of islands.

Alongside, the usage of clean renewable energy in the maritime sector is being raised.

"We are in the process of installing solar and wind based power systems in all the major ports across the country. We aim to increase usage of renewable energy to more than 60 per cent of all energy by 2030 in three phases across Indian ports," he said.

Modi said, Indian ports have reduced waiting time for inbound and outbound cargo. "India is very serious about growing in the maritime sector and emerging as a leading Blue Economy of the world," he said.

The government of India is also focusing on the domestic shipbuilding and ship repair market, Modi said adding to encourage domestic shipbuilding, a Shipbuilding Financial Assistance Policy for Indian Shipyards has been approved.

Outlook |

India aspires at least 50 pc of global ship recycling business: Mandaviya

India aspires to raise its share in the global ship recycling business to at least 50 per cent, union minister Mansukh Mandaviya said on Tuesday.

Ports, Shipping and Waterways Minister Mandaviya was addressing the ‘Maritime India Summit 2021’, inaugurated by Prime Minister Narendra Modi.

"India aspires at least 50 per cent of global ship recycling business after passing of the Recycling of Ships Act," Mandaviya said in his welcome address.

The country's share in the global ship recycling business is around 30 per cent at present.

He said the maritime sector in India is being propelled in a bid to make this sector a key pillar of transport, trade and infrastructure.

Currently, India recycles 70 lakh gross tonnage of ships per annum.

Mandaviya said that the Indian government is all geared up for facilitating and grounding the investments in the maritime sector.

Earlier the Prime Minister released an e-book of ‘ Maritime India Vision-2030’.

Maritime India Vision 2030 aims to make the Indian Maritime Industry at par with top global benchmarks in next 10 years.

The Prime Minister also unveiled the e-plaque of ‘Sagar-Manthan’: Mercantile Maritime Domain Awareness Centre (MM-DAC). It is an information system for enhancing maritime safety, search and rescue capabilities, security and marine environment protection.

Addressing the event, Mandaviya said it is one of the biggest virtual summits in the world, with over 1.7 lakh registered participants from more than 100 nations. He said more than 400 memorandum of understanding (MoUs) are being signed during the three-day event.

The Summit will visualize a roadmap for India's Maritime sector for next decade and will work to propel India to the forefront of the global maritime sector.

Minister of Transport of Denmark Benny Englebrecht, Gujarat Chief Minister Vijay Rupani, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy, Petroleum Minister Dharmendra Pradhan among others were present on the occasion.

Denmark is the country partner for the three-day summit.

Ministers from seven countries will be participating from countries like Russia, Uzbekistan, Qatar, Denmark, Iran, Afghanistan, Armenia, the statement said.

Ambassadors from 24 countries will be participating in India's biggest Maritime event. Over 110 companies are participating in the virtual exhibition, including ports, maritime states and private companies.

The Economic Times |

India aspires at least 50 pc of global ship recycling business: Mandaviya

India aspires to raise its share in the global ship recycling business to at least 50 per cent, union minister Mansukh Mandaviya said on Tuesday.

Ports, Shipping and Waterways Minister Mandaviya was addressing the ‘Maritime India Summit 2021', inaugurated by Prime Minister Narendra Modi.

"India aspires at least 50 per cent of global ship recycling business after passing of the Recycling of Ships Act," Mandaviya said in his welcome address.

The country's share in the global ship recycling business is around 30 per cent at present.

He said the maritime sector in India is being propelled in a bid to make this sector a key pillar of transport, trade and infrastructure.

Currently, India recycles 70 lakh gross tonnage of ships per annum.

Mandaviya said that the Indian government is all geared up for facilitating and grounding the investments in the maritime sector.

Earlier the Prime Minister released an e-book of ‘ Maritime India Vision-2030'.

Maritime India Vision 2030 aims to make the Indian Maritime Industry at par with top global benchmarks in next 10 years.

The Prime Minister also unveiled the e-plaque of ‘Sagar-Manthan': Mercantile Maritime Domain Awareness Centre (MM-DAC). It is an information system for enhancing maritime safety, search and rescue capabilities, security and marine environment protection.

Addressing the event, Mandaviya said it is one of the biggest virtual summits in the world, with over 1.7 lakh registered participants from more than 100 nations. He said more than 400 memorandum of understanding (MoUs) are being signed during the three-day event.

The Summit will visualize a roadmap for India's Maritime sector for next decade and will work to propel India to the forefront of the global maritime sector.

Minister of Transport of Denmark Benny Englebrecht, Gujarat Chief Minister Vijay Rupani, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy, Petroleum Minister Dharmendra Pradhan among others were present on the occasion.

Denmark is the country partner for the three-day summit.

Ministers from seven countries will be participating from countries like Russia, Uzbekistan, Qatar, Denmark, Iran, Afghanistan, Armenia, the statement said.

Ambassadors from 24 countries will be participating in India's biggest Maritime event. Over 110 companies are participating in the virtual exhibition, including ports, maritime states and private companies.

Business Standard |

PM Modi inaugurates second edition of 'Maritime India Summit 2021'

Prime Minister Narendra Modi inaugurated the 'Maritime India Summit 2021' on Tuesday.

Prime Minister Modi inaugurated the second edition of the summit via video conferencing.

Prime Minister also launched e-book of maritime vision 2030, which is aiming to make the Indian maritime insutry at par with the top global benchmark in the next 10 years.

Mansukh Mandaviya, Minister of State (MoS) Ports, Shipping and Waterways (Independent Charge) in his opening remark said that the summit is one of the biggest virtual summit in the world with the participation of 1.7 lakhs partipants from more than 100 nations.

"In the three day summit, we will have ministers from eight nations, over 50 global CEOs and more than 160 speakers which include 115 international speakers from 24 nations," he said.

Gujarat Chief Minister Vijay Rupani and his Andhra Pradesh counterpart YS Jaganmohan Reddy also joined the event via video conferencing.

The Summit will help in furthering growth of India's maritime economy. Several countries are participating in the event including the CEOs and Ambassadors of several countries to boost investment in the Maritime sector in India. Over one lakh participants from 50 countries have registered online for MIS summit 2021 which is scheduled from March 2 to March 4.

According to the Prime Minister's Office (PMO), the Maritime India Summit 2021 is being organised by the Ministry of Ports, Shipping and Waterways on a virtual platform www.maritimeindiasummit.in from March 2 to March 4 via video conferencing.

The summit will visualise a roadmap for India's Maritime sector for next decade and will work to propel India to the forefront of the Global Maritime Sector.

Eminent speakers from several countries are expected to attend the summit and explore the potential business opportunities and investments in Indian Maritime domain. Denmark is the partner country for the three-day summit.

The Hindu Business Line |

India launches real-time vessel tracking and seafarers' help system

PM Modi inaugurates 'Maritime India Summit 2021', launches e-book of maritime vision 2030 aimed at making the industry at par with the top global benchmark

India launched a real-time vessel tracking system that can help seafarers and fishermen in the times of need. Apart from tracking Indian vessels globally, it can also track foreign vessels within 1,000-km of India’s coastline.

To be operated by DG Shipping, the system is termed Sagar-Manthan: Mercantile Marine Domain Awareness Centre (MMDAC) and can organise help in case of emergency. India is sharing this system with Sri Lanka and the Maldives, said Anil Devli, CEO, Indian National Shipowners Association.

The MMDAC facility also has elements of security, for which DG Shipping collaborates with the Indian Navy, said Amitabh Kumar, DG-Shipping.

This was launched by the Prime Minister Narendra Modi at the inauguration of Maritime India Summit. “Mega ports with world-class infrastructure are being developed at Vadhavan, Paradip and Deendayal Port in Kandla.…Domestic waterways are found to be a cost effective and environment friendly way of transporting freight. We aim to operationalise 23 waterways by 2030,” said Modi.

“The Eastern Waterways Connectivity Transport Grid for regional connectivity with Bangladesh, Nepal, Bhutan and Myanmar will be strengthened for effective regional trade and cooperation,” said Prime Minister Modi.

Addressing another session, Shipping Minister Mansukhlal Mandaviya said that India is looking to develop water-based based connectivity with Nepal, Bhutan and Myanmar, on the lines of what it has done with Bangladesh.

RO-RO projects

To boost ease of living, Ro-Ro (Roll-on/Roll-off), and passenger ferry projects and 16 water-dromes to enable sea-plane operations are being developed. Steps are also being taken to introduce urban water transport systems in key States and cities such as Kochi, Mumbai, Gujarat and Goa.

To ensure that work relating to the maritime sector does not happen in silos, PM said that the Ministry of Shipping’s ambit was widened and it will strive for excellence in maritime shipping and navigation, education and training for the mercantile marine, ship-building and ship-repair industry, ship-breaking, fishing vessels industry and floating craft industry.

The Ministry of Port Shipping and Waterways has created a list of 400 investable projects, said the PM adding that these projects have an investment potential of ₹2.25-lakh crore.

Anne H Stevensen, DG and CEO, Danish Shipping, a trade body of Denmark, wondered how seafarers could be prioritised for Covid-19 vaccination so that they are safe. The biggest challenge as Covid-19 hit was not falling cargo volumes or low trade but the inability to take care of key assets - sea-farers, she added

The Times of India |

PM says USD 82 billion being invested in ports

Hindustan Times |

India aspires at least 50% of global ship recycling business: Minister Mandaviya

India aspires to raise its share in the global ship recycling business to at least 50 per cent, union minister Mansukh Mandaviya said on Tuesday.

Ports, Shipping and Waterways Minister Mandaviya was addressing the ‘Maritime India Summit 2021’, inaugurated by Prime Minister Narendra Modi.

"India aspires at least 50 per cent of global ship recycling business after passing of the Recycling of Ships Act," Mandaviya said in his welcome address.

The country's share in the global ship recycling business is around 30 per cent at present.

He said the maritime sector in India is being propelled in a bid to make this sector a key pillar of transport, trade and infrastructure.

Currently, India recycles 70 lakh gross tonnage of ships per annum.

Mandaviya said that the Indian government is all geared up for facilitating and grounding the investments in the maritime sector.

Earlier the Prime Minister released an e-book of ‘ Maritime India Vision-2030’.

Maritime India Vision 2030 aims to make the Indian Maritime Industry at par with top global benchmarks in next 10 years.

The Prime Minister also unveiled the e-plaque of ‘Sagar-Manthan’: Mercantile Maritime Domain Awareness Centre (MM-DAC). It is an information system for enhancing maritime safety, search and rescue capabilities, security and marine environment protection.

Addressing the event, Mandaviya said it is one of the biggest virtual summits in the world, with over 1.7 lakh registered participants from more than 100 nations. He said more than 400 memorandum of understanding (MoUs) are being signed during the three-day event.

The Summit will visualize a roadmap for India's Maritime sector for next decade and will work to propel India to the forefront of the global maritime sector.

Minister of Transport of Denmark Benny Englebrecht, Gujarat Chief Minister Vijay Rupani, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy, Petroleum Minister Dharmendra Pradhan among others were present on the occasion.

Denmark is the country partner for the three-day summit.

Ministers from seven countries will be participating from countries like Russia, Uzbekistan, Qatar, Denmark, Iran, Afghanistan, Armenia, the statement said.

Ambassadors from 24 countries will be participating in India's biggest Maritime event. Over 110 companies are participating in the virtual exhibition, including ports, maritime states and private companies.

Hindustan Times |

PM Modi inaugurates 'Maritime India Summit 2021'

Prime Minister Narendra Modi inaugurated the 'Maritime India Summit 2021' on Tuesday.

Prime Minister Modi inaugurated the second edition of the summit via video conferencing.

Prime Minister also launched e-book of maritime vision 2030, which is aiming to make the Indian maritime industry at par with the top global benchmark in the next 10 years.

Mansukh Mandaviya, Minister of State (MoS) Ports, Shipping and Waterways (Independent Charge) in his opening remark said that the summit is one of the biggest virtual summit in the world with the participation of 1.7 lakhs partipants from more than 100 nations.

"In the three day summit, we will have ministers from eight nations, over 50 global CEOs and more than 160 speakers which include 115 international speakers from 24 nations," he said.

Gujarat Chief Minister Vijay Rupani and his Andhra Pradesh counterpart YS Jaganmohan Reddy also joined the event via video conferencing.

The Summit will help in furthering growth of India's maritime economy. Several countries are participating in the event including the CEOs and Ambassadors of several countries to boost investment in the Maritime sector in India. Over one lakh participants from 50 countries have registered online for MIS summit 2021 which is scheduled from March 2 to March 4.

According to the Prime Minister's Office (PMO), the Maritime India Summit 2021 is being organised by the Ministry of Ports, Shipping and Waterways on a virtual platform www.maritimeindiasummit.in from March 2 to March 4 via video conferencing.

The summit will visualise a roadmap for India's Maritime sector for next decade and will work to propel India to the forefront of the Global Maritime Sector.

Eminent speakers from several countries are expected to attend the summit and explore the potential business opportunities and investments in Indian Maritime domain. Denmark is the partner country for the three-day summit.

Hindustan Times |

India to invest $82 billion in port projects by 2035: PM Modi

Prime Minister Narendra Modi on Tuesday said India has identified more than 574 port projects at a cost of 82 billion USD or ₹6 lakh crore for implementation during 2015 to 2035.

The Prime Minister on Tuesday inaugurated the second edition of the ‘Maritime India Summit 2021’ through video conferencing. Minister of Transport of Denmark Benny Englebrecht, Chief Ministers of Gujarat and Andhra Pradesh, Union Ministers Dharmendra Pradhan and Mansukh Mandaviya were also present on the occasion.

Speaking at the virtual inauguration, the PM said he is inviting the world to come to India and be a part of India’s growth trajectory. “India is very serious about growing in the maritime sector and emerging as a leading Blue Economy of the world. Through the focus areas of upgradation of infrastructure, boosting reform journey, India aims to strengthen the vision of Atmanirbhar Bharat,” he said.

“The Ministry of Port Shipping and Waterways has created a list of 400 investable projects. These projects have an investment potential of 31 billion dollars or ₹2.25 lakh crore. This will further strengthen our commitment to the overall development of our maritime sector,” he said.

“The Maritime India Vision 2030 has been launched. It outlines the priorities of the Government. The Sagar-Manthan: Mercantile Marine Domain Awareness Centre has also been launched today. It is an information system for enhancing maritime safety, search and rescue capabilities, security and marine environment protection. The Sagarmala project for promoting port-led development was announced by the government in 2016. As part of the programme, more than 574 projects at a cost of 82 billion USD or ₹6 lakh crore have been identified for implementation during 2015 to 2035,” he added.

The capacity of major ports which was around 870 million tonnes per annum in 2014 has increased to around 1550 million tonnes per annum now, he said.

The PM asserted that: “Ours is a government that is investing in waterways in a way that was never seen before. Domestic waterways are found to be cost effective and environment friendly ways of transporting freight. We aim to operationalise 23 waterways by 2030.”

He also said ports have reduced waiting time for inbound and outbound cargo. “Indian ports now have measures such as: Direct port Delivery, Direct Port Entry and an upgraded Port Community System for easy data flow. We are also investing heavily in development of storage facilities at the ports and plug-and-play infrastructure for attracting industries to Portland. The ports will promote ‘Waste-to-Wealth' through sustainable dredging and domestic ship recycling. We will encourage private investment in the ports sector,” he added.

Live Mint |

PM Modi to inaugurate second edition of Maritime India Summit today

Prime Minister Narendra Modi will virtually inaugurate the second edition of Maritime India Summit (MIS) on Tuesday.

"At 11 AM, 2nd March, the Maritime India Summit would be inaugurated. This Summit brings together key stakeholders from the maritime sector and will play a leading role in furthering the growth of India's maritime economy," the Prime Minister tweeted on Monday.

The Summit will help in furthering growth of India's maritime economy. Several countries are participating in the event including the CEOs and Ambassadors of several countries to boost investment in the Maritime sector in India. Over one lakh participants from 50 countries have registered online for MIS summit 2021 which is scheduled from March 2 to March 4.

According to the Prime Minister's Office (PMO), the Maritime India Summit 2021 is being organised by the Ministry of Ports, Shipping and Waterways on a virtual platform www.maritimeindiasummit.in from March 2 to March 4 via video conferencing.

The summit will visualise a roadmap for India's Maritime sector for next decade and will work to propel India to the forefront of the Global Maritime Sector.

Eminent speakers from several countries are expected to attend the summit and explore the potential business opportunities and investments in Indian Maritime domain. Denmark is the partner country for the three-day summit.

The Indian Express |

PM Narendra Modi kicks off Maritime India Summit, says $82 billion will be invested in ports by 2035

India will invest USD 82 billion in port projects by 2035, raise share of clean renewable energy source in maritime sector, develop waterways and boost tourism around lighthouses as part of port-led development, Prime Minister Narendra Modi said on Tuesday.

Speaking at the Maritime India Summit, he invited global investors to invest in Indian ports, shipyards and waterways.

More than 574 projects costing USD 82 billion or Rs 6 lakh crore have been identified for implementation between 2015 and 2035 under the Sagarmala Project, he said.

The government, he said, is looking to operationalise 23 waterways by 2030.

“Ours is a government that is investing in waterways in a way that was never seen before. Domestic waterways are found to be cost effective and environment friendly ways of transporting freight,” he said.

Also, plans have been drawn for developing tourism on land adjacent to 78 out of 189 lighthouses on Indian coastline.

“This with the objective of enhancing development of the existing lighthouses and its surrounding areas into unique maritime tourism landmarks,” he said adding the government has also initiated holistic development of islands.

Alongside, the usage of clean renewable energy in the maritime sector is being raised.

“We are in the process of installing solar and wind based power systems in all the major ports across the country. We aim to increase usage of renewable energy to more than 60 per cent of all energy by 2030 in three phases across Indian ports,” he said.

Modi said, Indian ports have reduced waiting time for inbound and outbound cargo. “India is very serious about growing in the maritime sector and emerging as a leading Blue Economy of the world,” he said.

The government of India is also focusing on the domestic shipbuilding and ship repair market, Modi said adding to encourage domestic shipbuilding, a Shipbuilding Financial Assistance Policy for Indian Shipyards has been approved.

“India’s long coastline awaits you. India’s hardworking people await you. Invest in our ports. Invest in our people. Let India be your preferred trade destination. Let Indian ports be your port of call for trade and commerce,” he added.

DNA |

'Through Maritime India Summit, I invite world to come to India and be part of our growth trajectory,' says PM Modi

Prime Minister Narendra Modi on Tuesday addressed the Maritime India Summit through video conferencing and made the clarion call while expressing India's vision to turn up it as a leading Blue Economy of the world with its focus on the maritime sector.

The Prime Minister invited the whole world to come to India and be a part of its growth trajectory considering its seriousness towards the maritime sector.

"Through this Maritime India Summit, I want to invite the world to come to India and be a part of our growth trajectory. India is very serious about growing in the maritime sector and emerging as a leading Blue Economy of the world," the Prime Minister said after inaugurating the summit.

He also said that India will invest USD 82 billion in port projects by 2035, raise the share of clean renewable energy sources in the maritime sector, develop waterways and boost tourism around lighthouses as part of port-led development.

The government, he said, is looking to operationalise 23 waterways by 2030. "Ours is a government that is investing in waterways in a way that was never seen before. Domestic waterways are found to be cost-effective and environment-friendly ways of transporting freight," he said.

PM Modi also said that plans have been drawn for developing tourism on land adjacent to 78 out of 189 lighthouses on the Indian coastline. "This with the objective of enhancing the development of the existing lighthouses and its surrounding areas into unique maritime tourism landmarks," he said adding the government has also initiated holistic development of islands.

The Prime Minister further said that the summit will bring together key stakeholders from the maritime sector and play a leading role in furthering the growth of India's maritime economy.

The Statesman |

India is very serious about growing in maritime sector: PM Modi at Maritime India Summit 2021

Prime Minister Narendra Modi today inaugurated ‘Maritime India Summit 2021’ through video conferencing.

Speaking on the occasion, the Prime Minister invited the world to come to India and be a part of India’s growth trajectory. India is very serious about growing in the maritime sector and emerging as a leading Blue Economy of the world. Through the focus areas of up-gradation of infrastructure, boosting reform journey, India aims to strengthen the vision of Aatamnirbhar Bharat, he said.

He noted that instead of a piecemeal approach focus is on the entire sector as one. He informed that the capacity of major ports has increased from 870 million tonnes in 2014 to 1550 million tonnes now.
Indian ports now have measures such as: Direct port Delivery, Direct Port Entry and an upgraded Port Community System (PCS) for easy data flow. Our ports have reduced waiting time for inbound and outbound cargo. He also informed that mega ports with world-class infrastructure are being developed in Vadhavan, Paradip and Deendayal Port in Kandla.

The Prime Minister asserted that “Ours is a Government that is investing in waterways in a way that was never seen before. Domestic waterways are found to be cost-effective and environmentally friendly ways of transporting freight. We aim to operationalise 23 waterways by 2030.”

He also pointed out that India has as many as 189 lighthouses across its vast coastline. “We have drawn up a programme for developing tourism in the land adjacent to 78 lighthouses. The key objective of this initiative is to enhance the development of the existing lighthouses and its surrounding areas into unique maritime tourism landmarks”, he informed.

He announced that steps are also being taken to introduce urban water transport systems in key states and cities such as Kochi, Mumbai, Gujarat and Goa.

The Prime Minister said that the Government has recently widened the ambit of the maritime sector by renaming the Ministry of Shipping as Ministry of Ports, Shipping and Waterways so that work happens in a holistic manner. The Government of India is also focusing on the domestic shipbuilding and ship repair market. To encourage domestic shipbuilding approval has been given to the Shipbuilding Financial Assistance Policy for Indian Shipyards.

The Prime Minister informed that the Ministry of Port Shipping and Waterways has created a list of 400 investable projects. These projects have an investment potential of $ 31 billion or Rs 2.25 lakh crores. Talking about the Maritime India Vision 2030, The Prime Minister said It outlines the priorities of the Government.

The Sagar-Manthan: Mercantile Marine Domain Awareness Centre has also been launched today. It is an information system for enhancing maritime safety, search and rescue capabilities, security and marine environment protection.

The Sagarmala project for promoting port-led development was announced by the Government in 2016. As part of the Programme, more than 574 projects at a cost of 82 billion US Dollars or Rs 6 lakh crores have been identified for implementation from 2015 to 2035.

Ship repair clusters will be developed along both coasts by 2022. The domestic ship recycling industry will also be promoted to create ‘Wealth from Waste’. India has enacted the Recycling of Ships Act, 2019 and agreed to the Hong Kong International Convention.

The Prime Minister expressed the desire to share our best practices with the world and also the openness to learning from global best practices. Continuing with India’s focus on trade and economic linkages with the BIMSTEC and IOR nations, India plans to enhance investment in infrastructure and facilitate mutual agreements by 2026, he said.

The Prime Minister said that the Government has initiated holistic development of island infrastructure and ecosystem. He added that the Government is keen to promote the use of renewable energy in the maritime sector.

He said the Government is in the process of installing solar and wind-based power systems at all the major ports across the country and aims to increase usage of renewable energy to more than 60% of total energy by 2030 in three phases across Indian ports.

The Prime Minister concluded with an exhortation to the global investors “India’s long coastline awaits you. India’s hardworking people await you. Invest in our ports. Invest in our people. Let India be your preferred trade destination. Let Indian ports be your port of call for trade and commerce.”

The Economic Times |

Government expects investment worth Rs 3.39 lakh cr during Maritime India Summit

The government is aiming to attract investment worth Rs 3.39 lakh crore during Maritime India Summit 2021 in various projects. Prime Minister Narendra Modi is scheduled to inaugurate Maritime India Summit 2021 (MIS 2021) on Tuesday, which will be held virtually and is likely to be participated by many nations, including Russia, Uzbekistan, Qatar, Denmark, Iran, Afghanistan, and Armenia.

"The Ministry of Ports, Shipping, and Waterways (MoPSW) is in process of finalising more than 487 MoUs for investments worth approx Rs 3.39 lakh Crore," the government said in a statement on Monday.

These are likely to be signed during the second edition of the Maritime India Summit to be held from March 2 to 4.

These MoUs will be signed with different coastal states and stakeholders of the sector. These agreements are focused on attracting investment, skilling, and generating employment in the sector, the statement said.

The signing of these MoUs will help in streamlining the process of ship manoeuvring, resulting in more business to the ports and economic stability to the sector and its stakeholders, it said.

Minister of Ports, Shipping and Waterways Mansukh Mandaviya launched an e-brochure of Maritime India Summit 2021.

The statement said there is a good response to the summit with more than 1.70 lakhs registrations done so far.

"Denmark has made its strong presence as the Country Partner for the 3-day summit. Maritime India Summit 2021 has got a huge response from across the world. Ministers from 7 countries will be participating from countries like Russia, Uzbekistan, Qatar, Denmark, Iran, Afghanistan, Armenia," the statement said.

Ambassadors from 24 countries will be participating in India's biggest Maritime event. Over 110 companies are participating in the virtual exhibition, including ports, maritime states and private companies.

Delegates from around 100 countries will participate in the Summit, the statement said, adding 31 foreign CEOs and 57 foreign -speakers have confirmed their participation.

The Hindu |

Virtual Maritime Summit from March 2 to 4

The New Mangalore Port Trust has been conducting road shows to introduce the Virtual Maritme India Summit 2021 (MIS 2021) being organised by the Ministry of Ports, Shipping and Waterways from March 2 to 4.

NMPT Chairman A.V. Ramana during road shows at Kanara Small Industries Association and District Small Industries Association on Monday and Tuesday said the summit, with the theme, “Exploring the potential business opportunities in Indian Maritime sector and making Aatmanirbhar Bharat”, was being conducted virtually in view of the prevailing COVID-19 conditions. Prime Minister Narendra Modi will inaugurate the summit that was co-hosted by FICCI as the industrial partner.

The summit would have a special session for investment opportunities in maritime sector in Karnataka between 12.30 p.m. and 2 p.m. on March 2, covering development of non-major ports, industries and allied infrastructure around them. It would also cover opportunities in fisheries sector and development of tourism, Mr. Ramana said. Chief Minister B.S. Yediyurappa would invite investors for the opportunities across the maritime sector during the session. NMPT Chairman, representatives from industries around non-major ports and policy makers would participate in the session.

There would also be a session for discussion about opportunities in maritime financing and insurance on March 3 from 11 a.m. to 12.30 p.m. covering topics, namely, financing trends, investment opportunities, innovative investment models and insurance in maritime sector. NMPT Chairman, Shipping Corporation CMD, SBI MD and others speak at the session.

The summit, Mr. Ramana said, would provide a platform having the virtual and physical presence of prominent shipping, port-related and port-based industries-related CXOs, sector experts, investors, policy planners, and dignitaries/ ministers from all over the world. It showcases the latest technology, products and services as well as help disseminate knowledge about the latest developments in the maritime sector.

The first Maritime India Summit 2016, had witnessed participation of over 5,000 delegates from 42 countries, resulting in over 140 Business Agreements with investments worth ₹83,000 crore.

Interested persons can register and participate in the event at the official MIS 2021 website, https://www.maritimeindiasummit.in/.

The New Indian Express |

Delegates from 40 nations to attend maritime summit

Around one lakh delegates from more than 40 partner countries will participate in the three-day Virtual Maritime India Summit 2021 which will be inaugurated by PM Modi on March 2, according to P Raveendran, Chairman, Chennai Port.

Raveendran said the summit is conducted by Union Ministry of Ports, Shipping and Waterways. It will be a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

The Ministry of Ports, Shipping and Waterways is in the process of finalising more than 79 MoUs. These MoUs are focused on attracting investment, skilling and generating employment. For free registration visit https://registrations.ficci.com/vmains/business-registrationb.asp; http://www.maritimeindiasummit.in/

The Hindu |

PM to inaugurate virtual maritime summit

15 MoUs will be signed at the event

The Chennai Port Trust will sign more than 15 MoUs with various institutions ahead of the Virtual Maritime Summit 2021 being held from March 2 to 4. The summit will be inaugurated by Prime Minister Narendra Modi.

Chennai Port Trust Chairman P. Raveendran said on Monday that one of the important MoUs would be for the formation of a special purpose vehicle between Chennai Port, the State government and the National Highways Authority of India (NHAI) for a multi-modal logistics park at Mappedu. “We have finished doing the feasibility study for this project. We will find a private operator to run this project and will bring in an investment of ₹1,500 crore,” he said. Another important MoU included exploring the feasibility of running passenger ferry services between Chennai and Puducherry and Karaikal, he said.

“When ships come in, they need electricity for which they use diesel generators; to avoid this, we plan to start supply of power from shore using a specific system and signed an MoU with the Navy. With the Indian Oil Corporation, we will carry out a study to see if Chennai can be a hub for bunkering,” he said.

With over one lakh delegates and 40 countries participating, this summit was expected to be a platform for showcasing opportunities in the maritime sector, Mr. Raveendran added.

India Education Diary |

PM Narendra Modi to inaugurate 'Maritime India Summit 2021' on March 2

Exploring the potential business opportunities in the Indian Maritime sector and contributing to an Aatmanirbhar Bharat, Prime Minister, Shri Narendra Modi will inaugurate the ‘Maritime India Summit 2021’ the flagship initiative of the Minister of State for Ports, Shipping & Waterways (MoPSW), Government of India. This will be followed by a Welcome Address by Shri Mansukh Mandaviya, MoS for Ports, Shipping and Waterways. The virtually held event will comprise of a 3-day Summit and Exhibition from 2nd March 2021 – 4th March 2021 to promote both domestic and international investment in the Indian Ports and Maritime sector.

Hon’ble Prime Minister Shri Narendra Modi will release the ‘Maritime India Vision 2030’’, followed by the launch of Sagarmala – Sagartat Samridhi Yojana; Arth Ganga Programme; National Logistic Portal (Marine) Project. He will also release the “Compendium of Investible Projects” and launch a scheme for promotion of Flagging of Merchant Ships in India.

JNPT Chairman Shri Sanjay Sethi will speak at the Plenary Session 1: Developing World Class Ports. Sharing his thoughts on the summit, Shri Sanjay Sethi, IAS, Chairman, JNPT said, “It gives me great pleasure to represent Jawaharlal Nehru Port Trust, and share my thoughts on the importance of Developing Mega Ports with world-class infrastructure; Developing ‘Smart Ports’ to improve Ease of Doing Business and the impact of Digitization of the Ports and Terminals at the Maritime India Summit (MIS). The summit is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.”

Considering the prevailing COVID-19 pandemic, the summit will be held virtually. The event is being organized by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and EY as Knowledge Partner, will have 24 partner countries as participants and will showcase more than 400 projects. The event will be attended by various stakeholders in the maritime sectors such as Policy Planners, Senior Government Officials, Domestic and International Investors, Sector Experts, Shipping Line Owners, Representatives of Major Ports from across the world as well as the Governments of Maritime States in India. The Proposed Summit will also host forums for interaction and collaboration with the Indian and International Ports, Shipping and Maritime Companies, Investors, and other stakeholders.

Ports will play a crucial role in reforming India’s economy, aiding in achieving development goals to establish itself as a strategic trade hub on the regional and international stages.

The Summit will host forums to foster interaction between stakeholders through B2B and G2B meeting and have special sessions to showcase exciting investment opportunities in the following: Port Modernisation And New Port Development; Ship Building, Ship Repair And Ship Recycling Sector; Inland Waterways – Leveraging A Unique Mode Of Transport In India; Coastal Shipping, Hinterland Connectivity & Multi-Modal Logistics; International Shipping And Bulk Cargo Transportation; Port-Led Industrialisation – Building Port Cities And Maritime Clusters; Renewable Energy In Ports; Maritime Skill Development; Maritime Financing & Insurance.

The Maritime India Summit 2021 will provide a unique platform for getting vast investment opportunities in each of the Indian maritime states and union territories. The summit will give direction to the ports and logistics sector to flourish hence, systematic planning, integration and development of smart, efficient and inter-linked transport network will help in playing a vital role to reap great benefits that will help the country and in making “Make in India” a success.

To see the preparedness and brief the key stakeholders, JNPT Chairman, Shri Sanjay Sethi conducted a virtual kick-off meeting today at 1630 hrs.

Information Drift |

PM Modi to inaugurate Maritime India Summit 2021

Prime Minister Narendra Modi will inaugurate the virtual Maritime India Summit (MIS) 2021, to be conducted by Union ministry of ports, shipping and waterways from March 2 to 4.

Around one lakh delegates and 40 partner countries are expected to participate in the event.

The summit intends to be a powerful platform for international collaboration with partner countries for mutual exchange of knowledge and opportunities. FICCI is the industry partner for the summit.

Giving details to the media, Chennai Port Trust chairman P Raveendran said the summit, while showcasing abundant opportunities in the maritime sector in India, would provide an excellent forum for the exchange of ideas and networking.

Investment opportunities exist in all segments of the maritime sector — development of world class ports, modernization and development of new berths/terminals in existing ports, connectivity projects (road, rail and inland water transport), coastal shipping, cruise tourism, maritime education and training, shipbuilding and ship repair, shipbreaking, dredging and development of smart port industrial cities.

This also serves as a virtual platform of prominent shipping and transport ministers and dignitaries from across the world. Maritime states of India will participate in the summit through dedicated sessions.

An important session in the summit will be an exclusive ‘CEOs’ forum and various thematic breakout sessions. Policy planners, domestic and international investors, experts, stakeholders, and representatives of ports would participate in the summit for which the registration is free, he said.

The Greater India |

PM Modi to inaugurate Maritime India Summit 2021

Prime Minister Narendra Modi will inaugurate the digital Maritime India Summit (MIS) 2021, to be carried out by Union ministry of ports, transport and waterways from March 2 to 4.

Around one lakh delegates and 40 accomplice nations are anticipated to take part within the occasion.

The summit intends to be a strong platform for worldwide collaboration with accomplice nations for mutual alternate of information and alternatives. FICCI is the trade accomplice for the summit.

Giving particulars to the media, Chennai Port Trust chairman P Raveendran mentioned the summit, whereas showcasing plentiful alternatives within the maritime sector in India, would supply a superb discussion board for the alternate of concepts and networking.

Investment alternatives exist in all segments of the maritime sector — improvement of world class ports, modernization and improvement of latest berths/terminals in current ports, connectivity initiatives (highway, rail and inland water transport), coastal transport, cruise tourism, maritime training and coaching, shipbuilding and ship restore, shipbreaking, dredging and improvement of good port industrial cities.

This additionally serves as a digital platform of outstanding transport and transport ministers and dignitaries from internationally. Maritime states of India will take part within the summit by way of devoted periods.

An essential session within the summit will probably be an unique ‘CEOs’ discussion board and varied thematic breakout periods. Policy planners, home and worldwide buyers, consultants, stakeholders, and representatives of ports would take part within the summit for which the registration is free, he mentioned.

Indian Mandarins |

Big maritime summit in March to showcase investment opportunities

PM Narendra Modi will inaugurate virtually the ‘Maritime India Summit 2021’, the flagship initiative of the Minister of State for Ports, Shipping & Waterways (MoPSW), to be held from March 2 to 4. The summit is being organized to explore the potential business opportunities in the Indian Maritime sector and how to take advantage of these opportunities for building an Aatmanirbhar Bharat by promoting domestic and international investments in Indian ports and related spheres.

On this occasion, the PM will release also release the ‘Maritime India Vision 2030’’, followed by the launch of Sagarmala - Sagartat Samridhi Yojana, Arth Ganga Programme, and National Logistic Portal (Marine) Project. He will also release the “Compendium of Investible Projects” and launch a scheme for the promotion of the Flagging of Merchant Ships in India.

The inauguration by the PM will be followed by a welcome address by MoS for Ports, Shipping, and Waterways Mansukh Mandaviya.

JNPT Chairman Sanjay Sethi, IAS, will speak at the Plenary Session 1 whose theme will be Developing World Class Ports.

Sethi told Indianmandarins that "the summit is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.”

For the summit, the Ministry has roped in FICCI as Industrial Partner and EY as Knowledge Partner and will have 24 partner countries as participants and will showcase more than 400 projects. The event will be attended by various stakeholders in the maritime sectors such as Policy Planners, Senior Government Officials, Domestic and International Investors, Sector Experts, Shipping Line Owners, Representatives of Major Ports from across the world as well as the Governments of Maritime States in India. The Proposed Summit will also host forums for interaction and collaboration with the Indian and International Ports, Shipping and Maritime Companies, Investors, and other stakeholders.

The Summit will host forums to foster interaction between stakeholders through B2B and G2B meeting and have special sessions to showcase exciting investment opportunities in the following areas: Port Modernisation And New Port Development; Ship Building, Ship Repair And Ship Recycling Sector; Inland Waterways – Leveraging A Unique Mode Of Transport In India; Coastal Shipping, Hinterland Connectivity & Multi-Modal Logistics; International Shipping And Bulk Cargo Transportation; Port-Led Industrialisation - Building Port Cities And Maritime Clusters; Renewable Energy In Ports; Maritime Skill Development; Maritime Financing & Insurance.

The Summit will showcase the vast investment opportunities in each of the Indian maritime states and union territories. The summit will give direction to the ports and logistics sector to flourish hence, systematic planning, integration and development of smart, efficient and inter-linked transport network will help in playing a vital role to reap great benefits that will help the country and in making “Make in India” a success.

To ensure preparedness and brief the key stakeholders, Sethi conducted a virtual rehearsal meeting at 1630 hrs on Monday.

For further information and registration, kindly access the MIS-20021 website www.maritimeindiasummit.in

The Times of India |

PM Modi to inaugurate Maritime India Summit 2021

Maritime Gateway |

Prime Minister to inaugurate 2nd edition of Maritime India Summit 2021

Around 20,000 delegates will participate, 24 partner countries will join and more than 400 Projects are set to be showcased in the 2nd edition of Maritime India Summit (MIS) 2021 to be held virtually from 2nd March to 4th March. Prime Minister Shri Narendra Modi will inaugurate the Maritime India Summit-2021 on 2nd March. The event is being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and EY as Knowledge Partner.

Addressing a Curtain Raiser press-conference today at the National Media Centre, Union Minister of Ports, Shipping and Waterways, Shri Mansukh Mandaviya said that the Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

Shri Mansukh Mandaviya and senior officials also launched a brochure and the website www.maritimeindiasummit.in for the MIS-2021 during the press conference. Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform www.maritimeindiasummit.in. The registration for the visitors and exhibitors will start from today with the launch.

Dr. Sanjiv Ranjan, Secretary of Ministry of Ports, Shipping and Waterways briefly explained the Budget 2021-22 announcements related to Ports , Shipping and Maritime sector and termed them as pathbreaking initiatives to promote Aatmirbhar Bharat. A whole new range of opportunities will be opening up with the passing of Major Ports Authorities Bill 2020 in the parliament yesterday, Dr. Rajan added.

The MIS 2021 will provide a unique platform which will have physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world. Maritime States of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs’ forum and various thematic/ breakout sessions. For further information, the MIS-20021 website can be accessed : www.maritimeindiasummit.in

Sea and Coast |

24 countries set to participate in the 2nd Maritime India Summit-2021 which starts from 2nd March

Around 20,000 delegates will participate, 24 partner countries will join and more than 400 Projects are set to be showcased in the 2nd edition of Maritime India Summit (MIS) 2021 to be held virtually from 2nd March to 4th March. Prime Minister Shri Narendra Modi will inaugurate the Maritime India Summit-2021 on 2nd March. The event is being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and EY as Knowledge Partner.

Addressing a Curtain Raiser press-conference today at the National Media Centre, Union Minister of Ports, Shipping and Waterways, Shri Mansukh Mandaviya said that the Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

Shri Mansukh Mandaviya and senior officials also launched a brochure and the website www.maritimeindiasummit.in for the MIS-2021 during the press conference. Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform www.maritimeindiasummit.in. The registration for the visitors and exhibitors will start from today with the launch.

Dr. Sanjiv Ranjan, Secretary of Ministry of Ports, Shipping and Waterways briefly explained the Budget 2021-22 announcements related to Ports , Shipping and Maritime sector and termed them as pathbreaking initiatives to promote Aatmirbhar Bharat. A whole new range of opportunities will be opening up with the passing of Major Ports Authorities Bill 2020 in the parliament yesterday, Dr. Rajan added.

The MIS 2021 will provide a unique platform which will have physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world. Maritime States of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs’ forum and various thematic/ breakout sessions.

For further information, the MIS-20021 website can be accessed: www.maritimeindiasummit.in

IBEF |

24 countries set to participate in the 2nd MARITIME INDIA SUMMIT- 2021 which starts from 2nd March

Around 20,000 delegates will participate, 24 partner countries will join, and more than 400 Projects are set to be showcased in the 2nd edition of Maritime India Summit (MIS) 2021 to be held virtually from March 2 to March 4, 2021. Prime Minister Mr. Narendra Modi will inaugurate the Maritime India Summit-2021 on 2nd March. The event is being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and EY as Knowledge Partner.

Addressing a Curtain Raiser press-conference today at the National Media Centre, Union Minister of Ports, Shipping and Waterways, Mr. Mansukh Mandaviya said that the Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

Mr. Mansukh Mandaviya and senior officials also launched a brochure and the website www.maritimeindiasummit.in for the MIS-2021 during the press conference. Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform www.maritimeindiasummit.in. The registration for the visitors and exhibitors will start from today with the launch.

Dr. Sanjiv Ranjan, Secretary of Ministry of Ports, Shipping and Waterways briefly explained the Budget 2021-22 announcements related to Ports , Shipping and Maritime sector and termed them as pathbreaking initiatives to promote Aatmanirbhar Bharat. A whole new range of opportunities will be opening up with the passing of Major Ports Authorities Bill 2020 in the parliament yesterday, Dr. Rajan added.

The MIS 2021 will provide a unique platform which will have physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world. Maritime States of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs’ forum and various thematic/ breakout sessions.

For further information, the MIS-20021 website can be accessed : www.maritimeindiasummit.in

The Pioneer |

PM to inaugurate 2nd Maritime India Summit on Mar 2

Prime Minister Narendra Modi will inaugurate the second edition of the Maritime India Summit 2021 (MIS 2021) on March 2, which will be held virutally and is scheduled to be participated by 24 nations, Union Minister Mansukh Mandaviya said on Thursday.

As many as 56 maritime nations, except China, have been invited to participate in the Summit through Indian missions in those countries.

The minister said about 20,000 delegates will participate in the event and more than 400 projects are set to be showcased in the second edition of the MIS 2021, being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as an industrial partner and EY as a knowledge partner. Mandaviya said MIS is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities. He launched a brochure and the website www.Maritimeindiasummit.In for the MIS-2021. Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform www.Maritimeindiasummit.in

News Live |

24 countries set to participate in 2nd Maritime India Summit-2021

Around 20,000 delegates will participate, 24 partner countries will join and more than 400 projects are set to be showcased in the 2nd edition of Maritime India Summit (MIS) 2021 to be held virtually from March 2-4.

Prime Minister Narendra Modi will inaugurate the Maritime India Summit-2021 on March 2. The event is being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and Ernst and Young as Knowledge Partner.

Addressing a curtain-raiser press conference on Thursday at the National Media Centre, Union Minister of Ports, Shipping and Waterways, Mansukh Mandaviya said the Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

Mandaviya and senior officials also launched a brochure and the website for the MIS-2021 during the press conference. Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on a virtual platform. The registration for the visitors and exhibitors will start from today with the launch.

Sanjiv Ranjan, Secretary of Ministry of Ports, Shipping and Waterways briefly explained the Budget 2021-22 announcements related to Ports, Shipping and Maritime sector and termed them as pathbreaking initiatives to promote Aatmirbhar Bharat.

“A whole new range of opportunities will be opening up with the passing of Major Ports Authorities bill 2020 in the parliament yesterday,” Rajan added.

The MIS 2021 will provide a unique platform which will have a physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world. Maritime states of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs’ forum and various thematic/ breakout sessions.

India Seatrade News |

PM Modi to inaugurate 2nd Maritime India Summit on March 2; 24 nations to attend: Mandaviya

Prime Minister Narendra Modi will inaugurate the second edition of the Maritime India Summit 2021 (MIS 2021) on March 2, which will be held virutally and is scheduled to be participated by 24 nations, Union Minister Mansukh Mandaviya said on Thursday. As many as 56 maritime nations, except China, have been invited to participate in the Summit through Indian missions in those countries.

The minister said about 20,000 delegates will participate in the event and more than 400 projects are set to be showcased in the second edition of the MIS 2021, being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as an industrial partner and EY as a knowledge partner.

Mandaviya said MIS is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

He launched a brochure and the website www.maritimeindiasummit.in for the MIS-2021.

Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform www.maritimeindiasummit.in. The registration for the visitors and exhibitors will start from today with the launch.

Sanjiv Ranjan, secretary of the Ministry of Ports, Shipping and Waterways, said the Budget 2021-22 announcements related to ports, shipping and maritime sectors were pathbreaking initiatives to promote Aatmirbhar Bharat.

A whole new range of opportunities will open up with the passage of the Major Ports Authorities Bill, 2020, in Parliament on Wednesday, Rajan added.

The minister said the MIS 2021 will provide a unique platform, which will have physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world.

Maritime states of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs’ forum and various thematic and breakout sessions.

The Greater India |

PM Modi to inaugurate 2nd Maritime India Summit on March 2; 24 nations to attend: Mansukh Mandaviya

Prime Minister Narendra Modi will inaugurate the second version of the Maritime India Summit 2021 (MIS 2021) on March 2, which will likely be held virutally and is scheduled to be participated by 24 nations, Union Minister Mansukh Mandaviya mentioned on Thursday. As many as 56 maritime nations, besides China, have been invited to take part within the Summit by Indian missions in these international locations.

The minister mentioned about 20,000 delegates will take part within the occasion and greater than 400 initiatives are set to be showcased within the second version of the MIS 2021, being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) collectively with FICCI as an industrial accomplice and EY as a information accomplice.

Mandaviya mentioned MIS goes to supply a strong platform for worldwide collaboration and usher in accomplice international locations for mutual change of information and alternatives.

He launched a brochure and the web site www.maritimeindiasummit.in for the MIS-2021.

Due to the continued COVID-19 pandemic scenario, the complete summit will likely be held on digital platform www.maritimeindiasummit.in. The registration for the guests and exhibitors will begin from at the moment with the launch.

Sanjiv Ranjan, secretary of the Ministry of Ports, Shipping and Waterways, mentioned the Budget 2021-22 bulletins associated to ports, delivery and maritime sectors have been pathbreaking initiatives to advertise Aatmirbhar Bharat.

An entire new vary of alternatives will open up with the passage of the Major Ports Authorities Bill, 2020, in Parliament on Wednesday, Rajan added.

The minister mentioned the MIS 2021 will present a novel platform, which can have bodily and digital presence of distinguished delivery and transport ministers/ dignitaries from internationally.

Maritime states of India will take part within the Summit by devoted periods. The Summit will even embody an unique CEOs’ discussion board and varied thematic and breakout periods.

New Delhi Times |

Maritime India Summit to start on March 2

The second edition of the Maritime India Summit (MIS), 2021 will start on March 2, 2021. The Summit will be held virtually and will conclude on March 4, 2021. 24 partner countries will participate in the MIS, 2021 and will showcase more than 400 projects. The MIS 2021 will be inaugurated by Indian Prime Minister Narendra Modi.

The event is being organized by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and EY as Knowledge Partner.

Addressing a Curtain Raiser press-conference at the National Media Centre, Union Minister of Ports, Shipping and Waterways, Mansukh Mandaviya said that the Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

A website www.maritimeindiasummit.in has also been launched. According to information available on the website, the maiden flagship initiative of the Minister of State for Ports, Shipping & Waterways (I/C) Government of India is being organized in the month of March. Hon’ble Prime Minister has consented to inaugurate the Summit. The event will comprise of a 3-day Summit and Exhibition. The event will be attended by various stakeholders in the maritime sector including senior and eminent policy planners, domestic and international investors, CEOs of Indian and global maritime companies, industry experts, thought leaders, technology providers, bankers and insurers, representatives of major ports and shipping lines from across the world.

The Virtual Maritime India Summit will host forums to foster interaction between stakeholders through B2B and G2B meetings; special sessions on investment opportunities in India’s maritime sector including shipbuilding, ship repair, ship recycling, dredger/ barge manufacturing, setting up of new ports and capacity augmentation of existing ports, port-based industrial development, port-based Smart cities, development of the maritime cluster, hinterland connectivity projects, multi-modal logistics hubs, development of inland waterways for cargo and passenger transportation, coastal shipping, passenger ferry services, lighthouse and cruise tourism, island development and aquatic resources, renewable energy projects in ports and other services (Financing, Legal, Design etc.). The conference will project vast investment opportunities in each of the Indian maritime states and union territories.

News Express |

PM Modi to inaugurate 2nd Maritime India Summit on Mar 2; 24 nations to attend: Mandaviya

Prime Minister Narendra Modi will inaugurate the second edition of the Maritime India Summit 2021 (MIS 2021) on March 2, which will be held virutally and is scheduled to be participated by 24 nations, Union Minister Mansukh Mandaviya said.

As many as 56 maritime nations, except China, have been invited to participate in the Summit through Indian missions in those countries.

Around 20,000 delegates will participate, 24 partner countries will join and more than 400 Projects are set to be showcased in the 2nd edition of Maritime India Summit (MIS) 2021 to be held virtually from 2nd March to 4th March.

The event is being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and EY as Knowledge Partner.

Addressing a Curtain Raiser press-conference at the National Media Centre, Union Minister of Ports, Shipping and Waterways, Mansukh Mandaviya said that the Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

Mansukh Mandaviya and senior officials also launched a brochure and the website www.maritimeindiasummit.in for the MIS-2021 during the press conference. Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform www.maritimeindiasummit.in. The registration for the visitors and exhibitors will start from today with the launch.

Dr. Sanjiv Ranjan, Secretary of Ministry of Ports, Shipping and Waterways briefly explained the Budget 2021-22 announcements related to Ports , Shipping and Maritime sector and termed them as pathbreaking initiatives to promote Aatmirbhar Bharat. A whole new range of opportunities will be opening up with the passing of Major Ports Authorities Bill 2020 in the parliament yesterday, Dr. Rajan added.

The MIS 2021 will provide a unique platform which will have physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world. Maritime States of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs’ forum and various thematic/ breakout sessions.

Birmingham Star |

24 countries set to participate in Maritime India Summit

Around 20,000 delegates will participate, 24 partner countries will join and more than 400 projects are set to be showcased in the 2nd edition of Maritime India Summit (MIS) 2021 to be held virtually from March 2-4.

Prime Minister Narendra Modi will inaugurate the Maritime India Summit-2021 on March 2. The event is being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and Ernst and Young as Knowledge Partner.

Addressing a curtain-raiser press conference on Thursday at the National Media Centre, Union Minister of Ports, Shipping and Waterways, Mansukh Mandaviya said the Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

Mandaviya and senior officials also launched a brochure and the website for the MIS-2021 during the press conference. Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on a virtual platform. The registration for the visitors and exhibitors will start from today with the launch.

Sanjiv Ranjan, Secretary of Ministry of Ports, Shipping and Waterways briefly explained the Budget 2021-22 announcements related to Ports, Shipping and Maritime sector and termed them as pathbreaking initiatives to promote Aatmirbhar Bharat.

"A whole new range of opportunities will be opening up with the passing of Major Ports Authorities bill 2020 in the parliament yesterday," Rajan added.

The MIS 2021 will provide a unique platform which will have a physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world. Maritime states of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs' forum and various thematic/ breakout sessions.

India Education Diary |

Prime Minister to inaugurate the MARITIME INDIA SUMMIT- 2021

Around 20,000 delegates will participate, 24 partner countries will join and more than 400 Projects are set to be showcased in the 2nd edition of Maritime India Summit (MIS) 2021 to be held virtually from 2nd March to 4th March. Prime Minister Shri Narendra Modi will inaugurate the Maritime India Summit-2021 on 2nd March. The event is being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and EY as Knowledge Partner.

Addressing a Curtain Raiser press-conference today at the National Media Centre, Union Minister of Ports, Shipping and Waterways, Shri Mansukh Mandaviya said that the Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

Shri Mansukh Mandaviya and senior officials also launched a brochure and the website www.maritimeindiasummit.in for the MIS-2021 during the press conference. Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform www.maritimeindiasummit.in. The registration for the visitors and exhibitors will start from today with the launch.

Dr. Sanjiv Ranjan, Secretary of Ministry of Ports, Shipping and Waterways briefly explained the Budget 2021-22 announcements related to Ports , Shipping and Maritime sector and termed them as pathbreaking initiatives to promote Aatmirbhar Bharat. A whole new range of opportunities will be opening up with the passing of Major Ports Authorities Bill 2020 in the parliament yesterday, Dr. Rajan added.

The MIS 2021 will provide a unique platform which will have physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world. Maritime States of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs’ forum and various thematic/ breakout sessions.

For further information, the MIS-20021 website can be accessed :www.maritimeindiasummit.in

The Economic Times |

PM Modi to inaugurate 2nd Maritime India Summit on March 2; 24 nations to attend: Mansukh Mandaviya

Prime Minister Narendra Modi will inaugurate the second edition of the Maritime India Summit 2021 (MIS 2021) on March 2, which will be held virutally and is scheduled to be participated by 24 nations, Union Minister Mansukh Mandaviya said on Thursday. As many as 56 maritime nations, except China, have been invited to participate in the Summit through Indian missions in those countries.

The minister said about 20,000 delegates will participate in the event and more than 400 projects are set to be showcased in the second edition of the MIS 2021, being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as an industrial partner and EY as a knowledge partner.

Mandaviya said MIS is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

He launched a brochure and the website www.maritimeindiasummit.in for the MIS-2021.

Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform www.maritimeindiasummit.in. The registration for the visitors and exhibitors will start from today with the launch.

Sanjiv Ranjan, secretary of the Ministry of Ports, Shipping and Waterways, said the Budget 2021-22 announcements related to ports, shipping and maritime sectors were pathbreaking initiatives to promote Aatmirbhar Bharat.

A whole new range of opportunities will open up with the passage of the Major Ports Authorities Bill, 2020, in Parliament on Wednesday, Rajan added.

The minister said the MIS 2021 will provide a unique platform, which will have physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world.

Maritime states of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs' forum and various thematic and breakout sessions.

Deccan Herald |

PM Modi to inaugurate Maritime India Summit 2021 on March 2; 24 nations to participate

Around 20,000 delegates from 24 countries will be participating in the 2nd edition of the Maritime India Summit (MIS) scheduled to be held virtually from March 2 to March 4.

Prime Minister Narendra Modi will inaugurate the Maritime India Summit 2021, which will also showcase over 400 projects, on March 2.

The event is being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with the Federation of Indian Chambers of Commerce & Industry (FICCI) as the industrial partner and EY as the knowledge partner.

"The Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities," Union Minister of Ports, Shipping and Waterways Mansukh Mandaviya told the media here.

Mandaviya and senior officials also launched a brochure and the website for the event during the press conference.

Due to the ongoing Covid-19 pandemic, the entire summit will be held on the virtual platform with registration for visitors and exhibitors starting today.

The event will provide a unique platform which will see physical and virtual presence of prominent shipping and transport ministers and dignitaries from across the world. Maritime states of India will participate in the summit through dedicated sessions. The summit will also include an exclusive CEOs’ forum and various thematic/breakout sessions, the Minister said.

Outlook |

PM to inaugurate 2nd Maritime India Summit on Mar 2; 24 nations to attend: Mandaviya

Prime Minister Narendra Modi will inaugurate the second edition of the Maritime India Summit 2021 (MIS 2021) on March 2, which will be held virutally and is scheduled to be participated by 24 nations, Union Minister Mansukh Mandaviya said on Thursday.
As many as 56 maritime nations, except China, have been invited to participate in the Summit through Indian missions in those countries.

The minister said about 20,000 delegates will participate in the event and more than 400 projects are set to be showcased in the second edition of the MIS 2021, being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as an industrial partner and EY as a knowledge partner.

Mandaviya said MIS is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

He launched a brochure and the website www.maritimeindiasummit.in for the MIS-2021.

Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform www.maritimeindiasummit.in. The registration for the visitors and exhibitors will start from today with the launch.

Sanjiv Ranjan, secretary of the Ministry of Ports, Shipping and Waterways, said the Budget 2021-22 announcements related to ports, shipping and maritime sectors were pathbreaking initiatives to promote Aatmirbhar Bharat.

A whole new range of opportunities will open up with the passage of the Major Ports Authorities Bill, 2020, in Parliament on Wednesday, Rajan added.

The minister said the MIS 2021 will provide a unique platform, which will have physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world.

Maritime states of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs' forum and various thematic and breakout sessions.

Business World |

24 countries set to participate in 2nd Maritime India Summit-2021

Around 20,000 delegates will participate, 24 partner countries will join and more than 400 projects are set to be showcased in the 2nd edition of Maritime India Summit (MIS) 2021 to be held virtually from March 2-4.

Prime Minister Narendra Modi will inaugurate the Maritime India Summit-2021 on March 2. The event is being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and Ernst and Young as Knowledge Partner.

Addressing a curtain-raiser press conference on Thursday at the National Media Centre, Union Minister of Ports, Shipping and Waterways, Mansukh Mandaviya said the Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

Mandaviya and senior officials also launched a brochure and the website for the MIS-2021 during the press conference. Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on a virtual platform. The registration for the visitors and exhibitors will start from today with the launch.

Sanjiv Ranjan, Secretary of Ministry of Ports, Shipping and Waterways briefly explained the Budget 2021-22 announcements related to Ports, Shipping and Maritime sector and termed them as pathbreaking initiatives to promote Aatmirbhar Bharat.
"A whole new range of opportunities will be opening up with the passing of Major Ports Authorities bill 2020 in the parliament yesterday," Rajan added.

The MIS 2021 will provide a unique platform which will have a physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world. Maritime states of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs' forum and various thematic/ breakout sessions.

AIR News |

PM Modi to inaugurate Maritime India Summit-2021 on 2nd March

Prime Minister Narendra Modi will inaugurate the Maritime India Summit-2021 on 2nd March. Briefing media in New Delhi, Minister of Ports, Shipping and Waterways Mansukh Mandaviya said, around 20 thousand delegates will participate, 24 partner countries will join and more than 400 Projects are set to be showcased in the 2nd edition of Maritime India Summit 2021 to be held virtually from 2nd March to 4th March. He said, Maritime India Summit is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.
The event is being organised by the Ministry of Ports, Shipping and Waterways jointly with FICCI as Industrial Partner and EY as Knowledge Partner.
Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform www.maritimeindiasummit.in. The registration for the visitors and exhibitors has started from today.
The Maritime India Summit 2021 will provide a hybrid platform which will have physical and virtual presence of prominent shipping and transport ministers and dignitaries from across the world. Maritime States of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs’ forum and various thematic and breakout sessions.
Secretary of Ministry of Ports, Shipping and Waterways Dr. Sanjiv Ranjan explained the Budget 2021-22 announcements related to Ports , Shipping and Maritime sector and termed them as path breaking initiatives to promote Atma Nirbhar Bharat. He said, a whole new range of opportunities will be opening up with the passing of Major Ports Authorities Bill 2020 in the parliament yesterday.

News Vibes of India |

24 nations to participate in 2nd Maritime India Summit next month

Around 24 partner countries with 20,000 delegates will participate in the second edition of Maritime India Summit (MIS) 2021 from March 2 to 4, which will showcase more than 400 projects.

Prime Minister Narendra Modi will inaugurate the Maritime India Summit, which is being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as industrial partner and EY as knowledge partner, according to an official statement.

Addressing a Curtain Raiser press-conference today, Union Shipping Minister Mansukh Mandaviya said that the 2nd Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

During the conference, Mandaviya and senior officials also launched a brochure and the website (www.maritimeindiasummit.in) for the MIS-2021, the Ministry of Shipping said in a statement.
Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform on the website. The registration for the visitors and exhibitors will start from today with the launch, it said.

Secretary of Shipping Ministry Sanjiv Ranjan briefly explained the Budget 2021-22 announcements at the conference related to ports, shipping and maritime sector and termed them as pathbreaking initiatives to promote Aatmirbhar Bharat.

“A whole new range of opportunities will be opening up with the passing of Major Ports Authorities Bill 2020 in the parliament yesterday,” Rajan added.

Further, the ministry said that the MIS 2021 will provide a unique platform which will have physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world, adding that, “Maritime States of India will participate in the summit through dedicated sessions.”

The summit will also include an exclusive CEOs’ forum and various thematic or breakout sessions, the statement added.

sify.com |

24 countries set to participate in 2nd Maritime India Summit-2021

Around 20,000 delegates will participate, 24 partner countries will join and more than 400 projects are set to be showcased in the 2nd edition of Maritime India Summit (MIS) 2021 to be held virtually from March 2-4.

Prime Minister Narendra Modi will inaugurate the Maritime India Summit-2021 on March 2. The event is being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and Ernst and Young as Knowledge Partner.

Addressing a curtain-raiser press conference on Thursday at the National Media Centre, Union Minister of Ports, Shipping and Waterways, Mansukh Mandaviya said the Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

Mandaviya and senior officials also launched a brochure and the website for the MIS-2021 during the press conference. Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on a virtual platform. The registration for the visitors and exhibitors will start from today with the launch.

Sanjiv Ranjan, Secretary of Ministry of Ports, Shipping and Waterways briefly explained the Budget 2021-22 announcements related to Ports, Shipping and Maritime sector and termed them as pathbreaking initiatives to promote Aatmirbhar Bharat.
"A whole new range of opportunities will be opening up with the passing of Major Ports Authorities bill 2020 in the parliament yesterday," Rajan added.

The MIS 2021 will provide a unique platform which will have a physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world. Maritime states of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs' forum and various thematic/ breakout sessions.

AtZ News |

India will also become self-sufficient in marine products! Maritime India Summit 2021 to begin from March 2

AtamNirbhar Bharat is also moving rapidly towards becoming self-sufficient in marine products. To give more momentum to it, another Maritime India Summit 2021 is being organized. Prime Minister Narendra Modi (PM Narendra Modi) will inaugurate the summit on 2 March. The summit organized by the Ministry of Ports, Shipping and Waterways will be the industry group FICCI (FICCI) Industrial Partner and EY Knowledge Partner.

24 countries to participate in summit, invitation not sent to China

Representatives from 24 countries around the world will participate in this summit being organized on the virtual platform due to the corona virus epidemic. At the same time, India has not invited China for the summit because of China’s nefarious activities on the Ladakh border. It is estimated that more than 20 thousand delegates will participate in this summit. It is expected that stakeholders will take advantage of knowledge and opportunity in a big way at this international summit.

Virtual website and browser launched

More than 400 projects will be exhibited at the Maritime India Summit. Ports, Shipping and Waterways Minister Mansukh Mandavia has launched the official website www.maritimeindiasummit.in for this virtual summit. Visitors and exhibitors can register themselves on this website. In this summit, CEOs of many companies of this sector will also participate. Apart from this, several sessions on various themes will also be organized.

Devdiscourse |

PM to inaugurate 2nd Maritime India Summit on Mar 2; 24 nations to attend: Mandaviya

Prime Minister Narendra Modi will inaugurate the second edition of the Maritime India Summit 2021 (MIS 2021) on March 2, which will be held virutally and is scheduled to be participated by 24 nations, Union Minister Mansukh Mandaviya said on Thursday.

As many as 56 maritime nations, except China, have been invited to participate in the Summit through Indian missions in those countries.

The minister said about 20,000 delegates will participate in the event and more than 400 projects are set to be showcased in the second edition of the MIS 2021, being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as an industrial partner and EY as a knowledge partner.

Mandaviya said MIS is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

He launched a brochure and the website www.maritimeindiasummit.in for the MIS-2021. Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform www.maritimeindiasummit.in. The registration for the visitors and exhibitors will start from today with the launch.

Sanjiv Ranjan, secretary of the Ministry of Ports, Shipping and Waterways, said the Budget 2021-22 announcements related to ports, shipping and maritime sectors were pathbreaking initiatives to promote Aatmirbhar Bharat.

A whole new range of opportunities will open up with the passage of the Major Ports Authorities Bill, 2020, in Parliament on Wednesday, Rajan added.

The minister said the MIS 2021 will provide a unique platform, which will have physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world. Maritime states of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs' forum and various thematic and breakout sessions.

Latest LY |

PM to Inaugurate 2nd Maritime India Summit on Mar 2; 24 Nations to Attend: Mandaviya

Prime Minister Narendra Modi will inaugurate the second edition of the Maritime India Summit 2021 (MIS 2021) on March 2, which will be held virutally and is scheduled to be participated by 24 nations, Union Minister Mansukh Mandaviya said on Thursday.

As many as 56 maritime nations, except China, have been invited to participate in the Summit through Indian missions in those countries.

The minister said about 20,000 delegates will participate in the event and more than 400 projects are set to be showcased in the second edition of the MIS 2021, being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as an industrial partner and EY as a knowledge partner.

Mandaviya said MIS is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

He launched a brochure and the website www.maritimeindiasummit.in for the MIS-2021.

Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform www.maritimeindiasummit.in. The registration for the visitors and exhibitors will start from today with the launch.

Sanjiv Ranjan, secretary of the Ministry of Ports, Shipping and Waterways, said the Budget 2021-22 announcements related to ports, shipping and maritime sectors were pathbreaking initiatives to promote Aatmirbhar Bharat.

A whole new range of opportunities will open up with the passage of the Major Ports Authorities Bill, 2020, in Parliament on Wednesday, Rajan added.

The minister said the MIS 2021 will provide a unique platform, which will have physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world.

Maritime states of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs' forum and various thematic and breakout sessions.

Mangalore Mirror |

24 countries set to participate in the 2nd MARITIME INDIA SUMMIT- 2021 which starts from 2nd March

Around 20,000 delegates will participate, 24 partner countries will join and more than 400 Projects are set to be showcased in the 2nd edition of Maritime India Summit (MIS) 2021 to be held virtually from 2nd March to 4th March. Prime Minister Shri Narendra Modi will inaugurate the Maritime India Summit-2021 on 2nd March. The event is being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and EY as Knowledge Partner.

Addressing a Curtain Raiser press-conference today at the National Media Centre, Union Minister of Ports, Shipping and Waterways, Shri Mansukh Mandaviya said that the Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.

Shri Mansukh Mandaviya and senior officials also launched a brochure and the website www.maritimeindiasummit.in for the MIS-2021 during the press conference.. Due to the ongoing COVID-19 pandemic situation, the entire summit will be held on virtual platform www.maritimeindiasummit.in. The registration for the visitors and exhibitors will start from today with the launch.

Dr. Sanjiv Ranjan, Secretary of Ministry of Ports, Shipping and Waterways briefly explained the Budget 2021-22 announcements related to Ports , Shipping and Maritime sector and termed them as pathbreaking initiatives to promote Aatmirbhar Bharat. A whole new range of opportunities will be opening up with the passing of Major Ports Authorities Bill 2020 in the parliament yesterday, Dr. Rajan added.

The MIS 2021 will provide a unique platform which will have physical and virtual presence of prominent shipping and transport ministers/ dignitaries from across the world. Maritime States of India will participate in the Summit through dedicated sessions. The Summit will also include an exclusive CEOs’ forum and various thematic/ breakout sessions.

For further information, the MIS-20021 website can be accessed : www.maritimeindiasummit.in

Maritime Gateway |

Railways should diversify freight portfolio say FICCI & CRISIL

The Indian Railways will have to diversify its freight portfolio to meet the goals of having a larger share of the total goods movement in the country. According to a joint report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and CRISIL Risk and Infrastructure Solutions (CRISIL), the Indian Railways should focus on capturing new freight opportunities in the transport of cement, steel and automobiles, among others.

Another key proposal is to allow private players to run trains on the dedicated freight corridors. As per the institutional arrangement envisaged for operations of DFCs, IR will be the sole customer for DFCCIL, which will provide the infrastructure for the operation of trains. IR will pay a track access charge (TAC – user fee) to DFCCIL and other customers/freight operators shall be routed through it.

“To enhance competition in the sector and service levels, and leverage private sector capital for induction of world class rolling stock, IR may consider allowing private players to run freight trains on the DFC network by paying track access charge to DFCCIL. This is one of the models followed in many countries and several players operating internationally may be interested in investing and operating in this area,” the report said.

This white paper titled Indian Railways 2.0: Re-claiming Pole Position in Freight Transport was released by Rail Minister Piyush Goyal. Speaking at the event, he said, “Freight trains are part of a new table that will be coming out. It will be a zero-based time table.”

This zero-based time is focused on minimising waiting lists and optimising train movement to cater to high demand routes. Goyal also said that the speed of freight trains has doubled compared to last year and that the Railways was able to complete multiple long-standing projects that were stuck for long, during the COVID-19 lockdown months.

He said that any state which wants new railway projects will have to ensure land availability to ensure a smooth and timely completion.

According to the white paper, the Railway’s freight basket has been dependent on select commodities, such as cement, coal, fertilisers, food grains, iron ore, and steel, which constitute over 75 per cent of the total rail freight volume. Coal alone accounts for around 50 per cent of the freight volume and revenue.

“The dependence on select commodities for freight traffic outlines the inherent risk from demand shocks from end-users of these commodities. Further, it has been observed that while the share of rail is high in conventional bulk commodities, its play is considerably low in high value and unconventional commodities,” the white paper said.

“The first step towards increasing the Indian Railway’s freight volume will be to enhance volume of the existing commodities, by increasing the modal share. Some of the commodities that can be targeted are automobiles, cement, containers, and steel. These products will require targeted and customised interventions to make rail competitive vis-à-vis road transport for the consignors,” the white paper added.

Elaborating further on steps that can be taken to bring more automobile transport onto the Indian Railways networks, the white paper said, “The Indian Railway should identify key measures to capture the traffic from this high potential segment. It could also make changes in the design of wagons to enable the movement of two wheelers, SUVs and LCVs and enhance the capacity of wagons for double decker movement.”

Business Standard |

Railway Ministry converted COVID-19 lockdown into an opportunity resulting in long term gains

Piyush Goyal, Minister of Railways, Commerce & Industry and Consumer Affairs, Food and Public Distribution, Govt of India, while addressing the FICCI's 'Future of Rail Transport- 3rd edition of Smart Railways Conclave' highlighted that Railway Ministry has converted COVID-19 infused lockdown adversity into an opportunity resulting in long term gains.


Elaborating on the same, the minister stated that railway Ministry was able to complete 200 long-pending infrastructure works during this lean period that led to doubling the speed of freight trains from where it was a year ago. Goyal said that today a cargo train from Mumbai reaches Guwahati in approximately two and a half days compared to the earlier timeline of 7 days.

Financial Express |

Indian Railways completed 200 projects during COVID-19 period! Helped railways plan for future, says Goyal

The lockdown period during the COVID-19 pandemic helped Indian Railways to finish several pending projects. On Thursday, Railway Minister Piyush Goyal said that during the novel coronavirus outbreak period, Indian Railways had completed around 200 long pending projects and this helped the national transporter in planning for the future, according to a PTI report. While addressing the FICCI’s third edition of Smart Railways Conclave on ‘Future of Rail Transport’, the Railway Minister said that he wanted the Indian Railways network to be a modern, safe and service-oriented, agile, reliable part of the economy as well as driven by technology. According to the minister, technology will be overarching support system. This will ensure that the national transporter works towards a plan for a better future for logistics and transport, both of goods and passengers, he stated.

According to the Railway Minister, during the COVID-19 pandemic period, Indian Railways was able to complete around 200 long pending infrastructure works. The completion of these railway infrastructure projects helped the ministry in better planning for the future, he said. Goyal further said that at present, the speed of freight train services on the Indian Railways network is twice the speed that was a year ago and these trains are now part of the new zero based timetable.

Indian Railways has taken up 40 smart yards for predictive maintenance. The Railway Ministry’s plan is to make all Indian Railways’ maintenance yards fully mechanised with modern equipment so that the national transporter can ensure safety and security of all its trains as well as passengers, Goyal said. Under Prime Minister Narendra Modi’s vision, today Indian Railways is relentlessly working at ensuring that its customers are provided with a satisfactory experience. Now, with the merger of railway budget with the national budget, the Railway Ministry is able to resist political pressures and it is focused on completing railway projects that are pending for a long time, he added.

India Pigeon News |

Railways should diversify freight portfolio: FICCI-Crisil White paper

The Indian Railways will have to diversify its freight portfolio to meet the goals of having a larger share of the total goods movement in the country. According to a joint report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and CRISIL Risk and Infrastructure Solutions (CRISIL), the Indian Railways should focus on capturing new freight opportunities in the transport of cement, steel and automobiles, among others.

Another key proposal is to allow private players to run trains on the dedicated freight corridors. As per the institutional arrangement envisaged for operations of DFCs, IR will be the sole customer for DFCCIL, which will provide the infrastructure for the operation of trains. IR will pay a track access charge (TAC – user fee) to DFCCIL and other customers/freight operators shall be routed through it.

“To enhance competition in the sector and service levels, and leverage private sector capital for induction of world class rolling stock, IR may consider allowing private players to run freight trains on the DFC network by paying track access charge to DFCCIL. This is one of the models followed in many countries and several players operating internationally may be interested in investing and operating in this area,” the report said.

This white paper titled Indian Railways 2.0: Re-claiming Pole Position in Freight Transport was released by Rail Minister Piyush Goyal. Speaking at the event, he said, “Freight trains are part of a new table that will be coming out. It will be a zero-based time table.”

This zero-based time is focused on minimising waiting lists and optimising train movement to cater to high demand routes. Goyal also said that the speed of freight trains has doubled compared to last year and that the Railways was able to complete multiple long-standing projects that were stuck for long, during the COVID-19 lockdown months.

He said that any state which wants new railway projects will have to ensure land availability to ensure a smooth and timely completion.

According to the white paper, the Railway’s freight basket has been dependent on select commodities, such as cement, coal, fertilisers, food grains, iron ore, and steel, which constitute over 75 per cent of the total rail freight volume. Coal alone accounts for around 50 per cent of the freight volume and revenue.

“The dependence on select commodities for freight traffic outlines the inherent risk from demand shocks from end-users of these commodities. Further, it has been observed that while the share of rail is high in conventional bulk commodities, its play is considerably low in high value and unconventional commodities,” the white paper said.

“The first step towards increasing the Indian Railway’s freight volume will be to enhance volume of the existing commodities, by increasing the modal share. Some of the commodities that can be targeted are automobiles, cement, containers, and steel. These products will require targeted and customised interventions to make rail competitive vis-à-vis road transport for the consignors,” the white paper added.

Elaborating further on steps that can be taken to bring more automobile transport onto the Indian Railways networks, the white paper said, “The Indian Railway should identify key measures to capture the traffic from this high potential segment. It could also make changes in the design of wagons to enable the movement of two wheelers, SUVs and LCVs and enhance the capacity of wagons for double decker movement.”

World News ERA |

Indian Railways line up Rs 40,000-crore spend on rolling stock in FY22

“We will certainly put forward our case very strongly. Productivity has always been at the forefront of our plans for manufacturing, in our rolling stock companies,” he said.

Indian Railways (IR) will target to manufacture 8000 locomotives, coaches and wagons in FY22, up from likely 5,000 in FY21 at a cost of Rs 40,000 crore. The transporter had manufactured 7,000 locomotives, wagons and coaches in FY20, but the pandemic slowed the production at its coach factories in the current financial year.

Piyush Goyal, minister of commerce & industry and railways, on Thursday sought industry collaboration and investment in transforming Railways into a smart organisation. “I want Railways to be a modern, agile, safe, reliable part of the economy and make technology the overarching support system for logistics and transport in both passenger and freight business,” Goyal said, addressing the ‘Smart Railway Conclave’ organised by FICCI.

Highlighting the opportunities for partnering with the Government, Goyal pointed out a wide range of smart solutions from industry which have helped the national transporter to complete and clear a backlog of 200 infrastructure projects held up for years. “A cargo train from Mumbai reaches Guwahati in approximately two and a half days compared to the earlier timeline of seven days. It has been a collective effort of industry and Railways which has helped to drive changes like faster speed for freight trains, extensive electrification of tracks to aid in total elimination of diesel ecosystem and shift from single tracks to double tracking,” Goyal said.

Replying to queries on IR’s plan to seek benefits from the PLI scheme announced by the government for 10 key sectors as incentive to enhance India’s manufacturing capabilities and enhance exports, AK Chandra, executive director for mechanical/TC, Railway Board, said IR is a strong contender for the PLI incentive. Industry feels that some part of that benefit could come into the railway sector, in areas like speciality steel and components. This would help IR to compete with roadways which commands the bulk of automobile freight, a sector which has got `57,000-crore PLI incentive.

“We will certainly put forward our case very strongly. Productivity has always been at the forefront of our plans for manufacturing, in our rolling stock companies,” he said.

Uday Shankar, President, FICCI, noted that IR has been pushing the envelope on customer-centricity through initiatives like freight on priority and redesign of the freight development portal which will also be a step forward in enhancing ease of doing business and encouraging digitisation.

Daily Excelsior |

Completion of 200 long pending projects during COVID period helped Railways plan for future: Goyal

Railway Minister Piyush Goyal on Thursday said the completion of 200 long pending projects during the coronavirus period helped the Railways in planning for the future.
Speaking at FICCI’s 3rd edition of Smart Railways Conclave on ‘Future of Rail Transport’, Goyal said that he wanted the Railways to be safe and service-oriented, modern, agile, reliable part of the economy and driven by technology.

“Technology will be overarching support system which will ensure that Indian Railways works to a plan for a better future for logistics & transport, both of passenger and goods,” he said.

“During COVID period, we were able to complete nearly 200 long-pending infrastructure works. The completion of these projects helped us in planning our Railways better for the future,” he said.

He further said that currently the speed of freight trains is twice the speed that was a year ago and they are now part of the new zero based timetable.

“We have taken up 40 smart yards for predictive maintenance. The plan is to make all our maintenance yards fully mechanised with modern equipment so that we can ensure safety and security of all our trains and passengers,” he said.

“Under PM Narendra Modi ji’s vision for Railways, today we are relentlessly working at ensuring that our customers are provided with satisfactory experience. Today, with the merger of Indian Railways budget with the national budget, we were able to resist political pressures and focused on completing long-pending projects,” he said.

India Seatrade Mews |

Speed of freight has doubled as compared to last year: Piyush Goyal

Indian Railways was able to complete long-pending infrastructure work since the covid-19 induced lockdown that resulted in doubling the speed of freight trains as compared to last year, railway minister Piyush Goyal said on Thursday.

“I am delighted to share that we are twice the speed that we were at one year ago on our freight trains. A cargo from Mumbai to Guwahati moves at two-and-a-half days today, rather than a week earlier. A cargo train from Delhi to Kolkata will reach in less than two days as against four or five days earlier. But it was the collective effort of the industry and the railways, coupled with that confidence that we can do it that we were able to achieve it,” the minister said.

Speaking at the FICCI’s ‘Future of Rail Transport- 3rd edition of Smart Railways Conclave’, Goyal said Indian Railways was able to convert lockdown adversity into an opportunity that resulted in long-term gains for the national transporter.

“Freight trains now will be a part of a zero-based timetable,” the minister said. A zero-based tabling includes scheduling of trains in a way to ensure smooth operations for freight as well as passenger train services. It includes rationalization of stoppages and trains, while weighing the demand and commercial viability of train services.

Goyal also released the FICCI-CRISIL knowledge paper- Indian Railways 2.0: Re-claiming Pole Position in Freight Transport.

According to the paper, Indian Railways’ stagnant freight portfolio is one of the key bottlenecks for its high traffic growth. “Though there is a significant leeway in terms of an improvement in modal share and traffic volumes from many existing commodities, Indian Railways has to capture new cargo streams to achieve its target of gaining 44% modal share by 2051 and doubling freight volumes by 2040,” it said.

Towards this, the national transporter will have to enhance volumes in existing commodities, such as cement, container, steel, and automobiles. It further said that dedicated freight corridors (DFCs) are expected to lower the operating cost of rail freight transport by about 40%. “This will provide significant leeway to railways for rationalization of tariffs, potentially engendering a significant modal shift from road to rail,” it said.

“With state-of-the-art technology and design, DFCs will enable freight trains to operate at speeds as high as 100 km per hour. Hence, the average transit time for freight movement is expected to shorten drastically, enabling faster movement of goods,” the paper said.

News Deal |

Indian Railways line up Rs 40,000-crore spend on rolling stock in FY22

“We will certainly put forward our case very strongly. Productivity has always been at the forefront of our plans for manufacturing, in our rolling stock companies,” he mentioned.

Indian Railways (IR) will goal to fabricate 8000 locomotives, coaches and wagons in FY22, up from possible 5,000 in FY21 at a value of Rs 40,000 crore. The transporter had manufactured 7,000 locomotives, wagons and coaches in FY20, however the pandemic slowed the manufacturing at its coach factories within the present monetary yr.

Piyush Goyal, minister of commerce & trade and railways, on Thursday sought trade collaboration and funding in remodeling Railways into a sensible organisation. “I want Railways to be a modern, agile, safe, reliable part of the economy and make technology the overarching support system for logistics and transport in both passenger and freight business,” Goyal mentioned, addressing the ‘Smart Railway Conclave’ organised by FICCI.

Highlighting the alternatives for partnering with the Government, Goyal identified a variety of good options from trade which have helped the nationwide transporter to finish and clear a backlog of 200 infrastructure tasks held up for years. “A cargo train from Mumbai reaches Guwahati in approximately two and a half days compared to the earlier timeline of seven days. It has been a collective effort of industry and Railways which has helped to drive changes like faster speed for freight trains, extensive electrification of tracks to aid in total elimination of diesel ecosystem and shift from single tracks to double tracking,” Goyal mentioned.

Replying to queries on IR’s plan to hunt advantages from the PLI scheme introduced by the federal government for 10 key sectors as incentive to reinforce India’s manufacturing capabilities and improve exports, AK Chandra, govt director for mechanical/TC, Railway Board, mentioned IR is a powerful contender for the PLI incentive. Industry feels that some a part of that profit may come into the railway sector, in areas like speciality metal and parts. This would assist IR to compete with roadways which instructions the majority of car freight, a sector which has obtained `57,000-crore PLI incentive.

“We will certainly put forward our case very strongly. Productivity has always been at the forefront of our plans for manufacturing, in our rolling stock companies,” he mentioned.

Uday Shankar, President, FICCI, famous that IR has been pushing the envelope on customer-centricity by initiatives like freight on precedence and redesign of the freight improvement portal which will even be a step ahead in enhancing ease of doing enterprise and inspiring digitisation.

The Spuzz |

Indian Railways completed 200 projects for the duration of COVID-19 period! Helped railways program for future, says Goyal

The lockdown period for the duration of the COVID-19 pandemic helped Indian Railways to finish various pending projects. On Thursday, Railway Minister Piyush Goyal stated that for the duration of the novel coronavirus outbreak period, Indian Railways had completed about 200 lengthy pending projects and this helped the national transporter in arranging for the future, according to a PTI report. While addressing the FICCI’s third edition of Smart Railways Conclave on ‘Future of Rail Transport’, the Railway Minister stated that he wanted the Indian Railways network to be a contemporary, protected and service-oriented, agile, reputable portion of the economy as properly as driven by technologies. According to the minister, technologies will be overarching help program. This will guarantee that the national transporter performs towards a program for a much better future for logistics and transport, each of goods and passengers, he stated.

According to the Railway Minister, for the duration of the COVID-19 pandemic period, Indian Railways was in a position to comprehensive about 200 lengthy pending infrastructure performs. The completion of these railway infrastructure projects helped the ministry in much better arranging for the future, he stated. Goyal additional stated that at present, the speed of freight train services on the Indian Railways network is twice the speed that was a year ago and these trains are now portion of the new zero based timetable.

Indian Railways has taken up 40 wise yards for predictive upkeep. The Railway Ministry’s program is to make all Indian Railways’ upkeep yards totally mechanised with contemporary gear so that the national transporter can guarantee security and safety of all its trains as properly as passengers, Goyal stated. Under Prime Minister Narendra Modi’s vision, today Indian Railways is relentlessly working at guaranteeing that its buyers are supplied with a satisfactory knowledge. Now, with the merger of railway price range with the national price range, the Railway Ministry is in a position to resist political pressures and it is focused on finishing railway projects that are pending for a lengthy time, he added.

World Live News |

Indian Railways completed 200 projects during COVID-19 period! Helped Railways plan for future, says Goyal

The lockdown period throughout the COVID-19 pandemic helped Indian Railways to end many unfinished comes. On Thursday, Railway Minister Piyush Goyal aforesaid that in the novel coronavirus happening amount, Indian Railways had completed around two hundred long unfinished comes and this helped the national transporter in designing for the long run, in keeping with a PTI report. Whereas addressing the FICCI’s third edition of good Railways meeting on ‘Future of Rail Transport’, the Railway Minister aforesaid that he needed the Indian Railways network to be a contemporary, safe and service-oriented, agile, reliable a part of the economy similarly as driven by technology. In keeping with the minister, technology are going to be overarching web. this may make sure that the national transporter works towards an idea for a far better future for supplying and transport, each of products and passengers, he stated.

According to the Railway Minister, throughout the COVID-19 pandemic amount, Indian Railways was ready to complete around 200 long unfinished infrastructure works. The completion of those railway infrastructure comes helped the ministry in higher designing for the long run, he said. Goyal more aforesaid that at the moment, the speed of train services on the Indian Railways network is double the speed that was a year agone and these trains are currently a part of the new zero primarily based timetable.

Indian Railways has preoccupied forty good yards for prophetic maintenance. The Railway Ministry’s set up is to create all Indian Railways’ maintenance yards absolutely mechanised with fashionable instrumentality so the national transporter will guarantee safety and security of all its trains similarly as passengers, Goyal said. Below Prime Minister Narendra Modi’s vision, these days Indian Railways is unrelentingly functioning at making certain that its customers are given a satisfactory expertise. Now, with the merger of railway budget with the national budget, the Railway Ministry is in a position to resist political pressures and it’s centered on finishing railway comes that are unfinished for a protracted time, he added.

The Greater India |

Completion of 200 lengthy pending initiatives throughout COVID interval helped Railways plan for future: Goyal

Railway Minister Piyush Goyal on Thursday mentioned the completion of 200 lengthy pending initiatives in the course of the coronavirus interval helped the Railways in planning for the longer term. Speaking at FICCI‘s third version of Smart Railways Conclave on ‘Future of Rail Transport’, Goyal mentioned that he needed the Railways to be protected and service-oriented, trendy, agile, dependable half of the economic system and pushed by know-how.

“Technology will be overarching support system which will ensure that Indian Railways works to a plan for a better future for logistics & transport, both of passenger and goods,” he mentioned.

“During COVID period, we were able to complete nearly 200 long-pending infrastructure works. The completion of these projects helped us in planning our Railways better for the future,” he mentioned.

He additional mentioned that at the moment the pace of freight trains is twice the pace that was a yr in the past and they’re now a part of the brand new zero based mostly timetable.

“We have taken up 40 smart yards for predictive maintenance. The plan is to make all our maintenance yards fully mechanised with modern equipment so that we can ensure safety and security of all our trains and passengers,” he mentioned.

“Under PM Narendra Modi ji’s vision for Railways, today we are relentlessly working at ensuring that our customers are provided with satisfactory experience. Today, with the merger of Indian Railways budget with the national budget, we were able to resist political pressures and focused on completing long-pending projects,” he mentioned.

Top Lead India |

Private players could be allowed to run freight trains on DFC networks, says FICCI-Crisil report

Allowing private operators to run freight trains on Dedicated Freight Corridors (DFCs) and putting in place an independent regulator for rationalising freight rates are some of the key suggestions by a joint FICCI-Crisil report to increase modal share of the Railways and reclaim pole position in freight business.

The report said that private players can pay access charge to Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) for running freight trains on its network. The arrangement could bode well for both the parties.

Besides enhanced competition and better service levels in the sector, the move would allow the Railways to leverage private sector capital for world-class rolling stock.

“This is one of the models followed in many countries and several players operating internationally maybe interested in investing and operating in this area,” the report said.

As per the institutional arrangement envisaged for operations of DFCs, Indian Railways will be the sole customer for DFCCIL which will provide the infrastructure for the operation of trains. The Railways will pay a track access charge to DFCCIL and other customers/freight operators shall be routed through it.

Noting that high freight tariff had been plaguing the rail freight sector, the report recommended setting up of a regulator to rationalise rates. It said that India has among the lowest passenger rail tariffs and the highest freight tariffs in the world which negatively affects competitiveness of rail as a mode of freight transport.

“This is further corroborated by the fact that the operating ratio in fiscal 2018 for the freight segment was 58% vis-à-vis 192% for the passenger segment. Though cross subsidisation of the passenger segment through freight has merits, the extent of subsidisation is always debatable,” the FICCI-Crisil report noted.

“Therefore, an independent regulator that has a mandate to determine tariffs and the level of cross subsidisation shall help IR achieve competitiveness as a freight logistics service provider,” it added.

The Railways has been investing heavily in its infrastructure and plans to capture more market share in freight business. It has taken a slew of measures including discounts in freight rates to increase its share in freight movement.

The FICCI-Crisil report said that though there is a significant leeway in terms of an improvement in modal share and traffic volumes from many existing commodities Railways would need to capture new cargo streams to achieve its target of gaining 44% modal share by 2051 and doubling freight volumes by 2040.

Introduction of new wagons and building appropriate infrastructure could help the Railways enhance its share in commodities such as steel, cement, automobile and containers.

The Economic Times |

Completion of 200 long pending projects during COVID period helped Railways plan for future: Goyal

Railway Minister Piyush Goyal on Thursday said the completion of 200 long pending projects during the coronavirus period helped the Railways in planning for the future. Speaking at FICCI's 3rd edition of Smart Railways Conclave on 'Future of Rail Transport', Goyal said that he wanted the Railways to be safe and service-oriented, modern, agile, reliable part of the economy and driven by technology.

"Technology will be overarching support system which will ensure that Indian Railways works to a plan for a better future for logistics & transport, both of passenger and goods," he said.

"During COVID period, we were able to complete nearly 200 long-pending infrastructure works. The completion of these projects helped us in planning our Railways better for the future," he said.

He further said that currently the speed of freight trains is twice the speed that was a year ago and they are now part of the new zero based timetable.

"We have taken up 40 smart yards for predictive maintenance. The plan is to make all our maintenance yards fully mechanised with modern equipment so that we can ensure safety and security of all our trains and passengers," he said.

"Under PM Narendra Modi ji's vision for Railways, today we are relentlessly working at ensuring that our customers are provided with satisfactory experience. Today, with the merger of Indian Railways budget with the national budget, we were able to resist political pressures and focused on completing long-pending projects," he said.

Business Standard |

Completion of 200 projects during Covid helped Railways' future plan: Goyal

Railway Minister Piyush Goyal on Thursday said the completion of 200 long pending projects during the coronavirus period helped the Railways in planning for the future.

Speaking at FICCI's 3rd edition of Smart Railways Conclave on 'Future of Rail Transport', Goyal said that he wanted the Railways to be safe and service-oriented, modern, agile, reliable part of the economy and driven by technology.

"Technology will be overarching support system which will ensure that Indian Railways works to a plan for a better future for logistics & transport, both of passenger and goods," he said.

"During COVID period, we were able to complete nearly 200 long-pending infrastructure works. The completion of these projects helped us in planning our Railways better for the future," he said.

He further said that currently the speed of freight trains is twice the speed that was a year ago and they are now part of the new zero based timetable.

"We have taken up 40 smart yards for predictive maintenance. The plan is to make all our maintenance yards fully mechanised with modern equipment so that we can ensure safety and security of all our trains and passengers," he said.

"Under PM Narendra Modi ji's vision for Railways, today we are relentlessly working at ensuring that our customers are provided with satisfactory experience. Today, with the merger of Indian Railways budget with the national budget, we were able to resist political pressures and focused on completing long-pending projects," he said.

Business Standard |

Railways should diversify freight portfolio: FICCI-Crisil White paper

The Indian Railways will have to diversify its freight portfolio to meet the goals of having a larger share of the total goods movement in the country. According to a joint report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and CRISIL Risk and Infrastructure Solutions (CRISIL), the Indian Railways should focus on capturing new freight opportunities in the transport of cement, steel and automobiles, among others.

Another key proposal is to allow private players to run trains on the dedicated freight corridors. As per the institutional arrangement envisaged for operations of DFCs, IR will be the sole customer for DFCCIL, which will provide the infrastructure for the operation of trains. IR will pay a track access charge (TAC – user fee) to DFCCIL and other customers/freight operators shall be routed through it.

“To enhance competition in the sector and service levels, and leverage private sector capital for induction of world class rolling stock, IR may consider allowing private players to run freight trains on the DFC network by paying track access charge to DFCCIL. This is one of the models followed in many countries and several players operating internationally may be interested in investing and operating in this area,” the report said.

This white paper titled Indian Railways 2.0: Re-claiming Pole Position in Freight Transport was released by Rail Minister Piyush Goyal. Speaking at the event, he said, “Freight trains are part of a new table that will be coming out. It will be a zero-based time table.”

This zero-based time is focused on minimising waiting lists and optimising train movement to cater to high demand routes. Goyal also said that the speed of freight trains has doubled compared to last year and that the Railways was able to complete multiple long-standing projects that were stuck for long, during the COVID-19 lockdown months.

He said that any state which wants new railway projects will have to ensure land availability to ensure a smooth and timely completion.

According to the white paper, the Railway's freight basket has been dependent on select commodities, such as cement, coal, fertilisers, food grains, iron ore, and steel, which constitute over 75 per cent of the total rail freight volume. Coal alone accounts for around 50 per cent of the freight volume and revenue.

“The dependence on select commodities for freight traffic outlines the inherent risk from demand shocks from end-users of these commodities. Further, it has been observed that while the share of rail is high in conventional bulk commodities, its play is considerably low in high value and unconventional commodities,” the white paper said.

“The first step towards increasing the Indian Railway's freight volume will be to enhance volume of the existing commodities, by increasing the modal share. Some of the commodities that can be targeted are automobiles, cement, containers, and steel. These products will require targeted and customised interventions to make rail competitive vis-à-vis road transport for the consignors,” the white paper added.

Elaborating further on steps that can be taken to bring more automobile transport onto the Indian Railways networks, the white paper said, “The Indian Railway should identify key measures to capture the traffic from this high potential segment. It could also make changes in the design of wagons to enable the movement of two wheelers, SUVs and LCVs and enhance the capacity of wagons for double decker movement.”

The Pioneer |

Completion of 200 long pending projects during COVID period helped Railways plan for future: Goyal

Railway Minister Piyush Goyal on Thursday said the completion of 200 long pending projects during the coronavirus period helped the Railways in planning for the future.

Speaking at FICCI's 3rd edition of Smart Railways Conclave on 'Future of Rail Transport', Goyal said that he wanted the Railways to be safe and service-oriented, modern, agile, reliable part of the economy and driven by technology.

"Technology will be overarching support system which will ensure that Indian Railways works to a plan for a better future for logistics & transport, both of passenger and goods," he said.

"During COVID period, we were able to complete nearly 200 long-pending infrastructure works. The completion of these projects helped us in planning our Railways better for the future," he said.

He further said that currently the speed of freight trains is twice the speed that was a year ago and they are now part of the new zero based timetable.

"We have taken up 40 smart yards for predictive maintenance. The plan is to make all our maintenance yards fully mechanised with modern equipment so that we can ensure safety and security of all our trains and passengers," he said.

"Under PM Narendra Modi ji's vision for Railways, today we are relentlessly working at ensuring that our customers are provided with satisfactory experience. Today, with the merger of Indian Railways budget with the national budget, we were able to resist political pressures and focused on completing long-pending projects," he said.

Outlook |

Completion of 200 long pending projects during COVID period helped Railways plan for future: Goyal

Railway Minister Piyush Goyal on Thursday said the completion of 200 long pending projects during the coronavirus period helped the Railways in planning for the future.
Speaking at FICCI's 3rd edition of Smart Railways Conclave on ''Future of Rail Transport'', Goyal said that he wanted the Railways to be safe and service-oriented, modern, agile, reliable part of the economy and driven by technology.

"Technology will be overarching support system which will ensure that Indian Railways works to a plan for a better future for logistics & transport, both of passenger and goods," he said.

"During COVID period, we were able to complete nearly 200 long-pending infrastructure works. The completion of these projects helped us in planning our Railways better for the future," he said.

He further said that currently the speed of freight trains is twice the speed that was a year ago and they are now part of the new zero based timetable.

"We have taken up 40 smart yards for predictive maintenance. The plan is to make all our maintenance yards fully mechanised with modern equipment so that we can ensure safety and security of all our trains and passengers," he said.

"Under PM Narendra Modi ji's vision for Railways, today we are relentlessly working at ensuring that our customers are provided with satisfactory experience. Today, with the merger of Indian Railways budget with the national budget, we were able to resist political pressures and focused on completing long-pending projects," he said.

Startup Maina |

PM has assured Rlys of adequate funding, budgetary support: Goyal

Ahead of the Union Budget, Railway Minister Piyush Goyal said Prime Minister Narendra Modi has assured Railways of adequate funding and budgetary support.

Speaking at a FICCI conference on railway transport on Thursday, Goyal pointed out how Railways has used the Covid-19 times to complete long-pending infrastructure works.

Meanwhile, the Railways is looking at various methods to invite private investment into the freight corridor tracks at a time when it is looking to build newer freight corridors including the possibility of attracting funds through Infrastructure Investment Trusts (Invits), said Pradeep Kumar, Member-Infrastructure, Railway Board.

New freight corridors

The Railways has identified four new dedicated freight corridors of 4,000 km, which it plans to take up, and explore private participation through various models such as annuity payments and hybrid annuity, Kumar said.

Noting that with the Railways planning a capital expenditure of ₹10 lakh crore in the next 10 years, Kumar said it would not be possible for the Railways to achieve the target without private funding. The Railways is also planning to get investments of ₹40,000 crore through its station modernisation programme.

Procuring rolling stock for the semi-high-speed corridors is another area where we would like private investments, Kumar said, adding that entire rolling stock (coaches) for Bengaluru suburban metro is planned through such partnership.

Full electrification

Indian Railway plans to have a fully electrified broad-gauge network by December 2023, Kumar added.

Meanwhile, executives from private and government sector noted that several railway projects are “developmental” in nature and private sector will be choosy about where they put in funds.

For the present year, Indian Railways has an estimated capital expenditure plan of ₹1.6 lakh crore for the present fiscal. And in a year that saw revenue from passenger operations dip sharply against last year, even though freight revenue is expected to top the revenue last year, the Railways is having to borrow more. Indian Railway Finance Corporation, the borrowing arm of Indian Railways, is expected to borrow ₹1.13-lakh crore in these present fiscal.

For the next fiscal, Budget is expected to have higher capital expenditure target for railways including high amount for stock rolling as well.

Deviscourse |

Completion of 200 long pending projects during COVID period helped Railways plan for future: Goyal

Railway Minister Piyush Goyal on Thursday said the completion of 200 long pending projects during the coronavirus period helped the Railways in planning for the future.

Speaking at FICCI's 3rd edition of Smart Railways Conclave on 'Future of Rail Transport', Goyal said that he wanted the Railways to be safe and service-oriented, modern, agile, reliable part of the economy and driven by technology.

''Technology will be overarching support system which will ensure that Indian Railways works to a plan for a better future for logistics & transport, both of passenger and goods,'' he said.

''During COVID period, we were able to complete nearly 200 long-pending infrastructure works. The completion of these projects helped us in planning our Railways better for the future,'' he said. He further said that currently the speed of freight trains is twice the speed that was a year ago and they are now part of the new zero based timetable. ''We have taken up 40 smart yards for predictive maintenance. The plan is to make all our maintenance yards fully mechanised with modern equipment so that we can ensure safety and security of all our trains and passengers,'' he said.

''Under PM Narendra Modi ji's vision for Railways, today we are relentlessly working at ensuring that our customers are provided with satisfactory experience. Today, with the merger of Indian Railways budget with the national budget, we were able to resist political pressures and focused on completing long-pending projects,'' he said.

Latest LY |

Completion of 200 long pending projects during COVID period helped Railways Plan for Future: Goyal

Railway Minister Piyush Goyal on Thursday said the completion of 200 long pending projects during the coronavirus period helped the Railways in planning for the future.

Speaking at FICCI's 3rd edition of Smart Railways Conclave on 'Future of Rail Transport', Goyal said that he wanted the Railways to be safe and service-oriented, modern, agile, reliable part of the economy and driven by technology.

"Technology will be overarching support system which will ensure that Indian Railways works to a plan for a better future for logistics & transport, both of passenger and goods," he said.

"During COVID period, we were able to complete nearly 200 long-pending infrastructure works. The completion of these projects helped us in planning our Railways better for the future," he said.

He further said that currently the speed of freight trains is twice the speed that was a year ago and they are now part of the new zero based timetable.

"We have taken up 40 smart yards for predictive maintenance. The plan is to make all our maintenance yards fully mechanised with modern equipment so that we can ensure safety and security of all our trains and passengers," he said.

"Under PM Narendra Modi ji's vision for Railways, today we are relentlessly working at ensuring that our customers are provided with satisfactory experience. Today, with the merger of Indian Railways budget with the national budget, we were able to resist political pressures and focused on completing long-pending projects," he said.

Smart News |

Completion of 200 long pending projects during COVID period helped Railways plan for future: Goyal

Railway Minister Piyush Goyal on Thursday stated the completion of 200 long pending projects during the coronavirus period helped the Railways in planning for the longer term. Speaking at FICCI‘s third version of Smart Railways Conclave on ‘Future of Rail Transport’, Goyal stated that he wished the Railways to be secure and service-oriented, fashionable, agile, dependable half of the economic system and pushed by know-how.

“Technology will be overarching support system which will ensure that Indian Railways works to a plan for a better future for logistics & transport, both of passenger and goods,” he stated.

“During COVID period, we were able to complete nearly 200 long-pending infrastructure works. The completion of these projects helped us in planning our Railways better for the future,” he stated.

He additional stated that presently the pace of freight trains is twice the pace that was a 12 months in the past and they’re now half of the brand new zero primarily based timetable.

“We have taken up 40 smart yards for predictive maintenance. The plan is to make all our maintenance yards fully mechanised with modern equipment so that we can ensure safety and security of all our trains and passengers,” he stated.

“Under PM Narendra Modi ji’s vision for Railways, today we are relentlessly working at ensuring that our customers are provided with satisfactory experience. Today, with the merger of Indian Railways budget with the national budget, we were able to resist political pressures and focused on completing long-pending projects,” he stated.

CNBC TV18 |

Restarting India: Experts discuss impact of COVID-19 and bottlenecks in infrastructure pipeline

In April, the government’s task force on the National Infrastructure Pipeline (NIP) had announced an investment roadmap worth Rs 111 lakh crore up to financial year 2025. Of the total planned investments, over 71 percent were pledged for expenditure in the energy sector, road sector, urban development and railways.

Now, a report by Emkay Global which has reviewed the top 1,000 projects, that account for over 80 percent of the pipeline value, only one fifth of the projects are at a close to tender-ready stage. The report adds that out of the Rs 104 lakh crore worth of project data, only about Rs 37 lakh crore worth of projects are in the development stage and less than 20 percent of the pipeline is close to being tender-ready.

To get a status check of how the COVID-19 outbreak has impacted timelines and investments and also to get a clear view of the bottlenecks in the infrastructure pipeline, CNBC-TV18’s Shereen Bhan spoke to Vinayak Chatterjee, the chairman of Feedback Infra; Shailesh Pathak, CEO of L&T Infra Development Projects and co-chairman for Roads and Highways on the FICCI Committee on Transport Infra and Anil Swarup, former coal secretary .

Techno Codex |

Indian road infra industry biggest ingredient to spur economy: VK Singh

Union minister V K Singh on Friday said the Indian road infrastructure sector has potential to spur economic growth, and exhorted industry players to come up with innovative solutions for cost efficiency in road construction. Addressing the valedictory session of ‘BITU-CON 2020: Bitumen and Road Construction Industry’, organised by FICCI, the Minister of State for Road Transport and Highways said there is need to encourage more innovations and experimentation in infrastructure development.

“This sector has a lot of potential and is profitable also. Things are improving in the economy although it may take some time for complete recovery. The more we construct the better it is going to be for the economy,” Singh was quoted as saying in a statement by FICCI.

The Indian road infrastructure and highways construction industry, including the equipment and materials, is the biggest ingredient in spurring the economy, Singh said as per the statement.

He also urged the industry to come up with innovations and expressed government’s commitment to support it at the policy level.

Singh also urged the industry to use more innovative solutions to ensure that the construction cost is reduced.

“We have enough expertise, innovative spirit, know-how to make things better and this sector needs it. Indians have a great ability for innovation, but we are somehow not coming out with it. Innovation and experimentation should be encouraged in the industry to bring down the cost,” he said.

Cost-cutting, he said, should be looked in two ways, one on the immediate cost-cutting and other on life-time cost-cutting.

“We should focus on life-time cost-cutting rather than immediate cost- cutting. There is a great scope available. It ensures less road maintenance, and wear and tear also comes down,” said Singh.

The ministry also urged the industry to adopt pre-slab fabs in which quality is maintained and are standardised.

He also suggested the industry to find out ways to expand the use of bitumen and not just restrict to road construction.

Shailesh Pathak, Co-Chairman, FICCI Transport Infrastructure Committee and CEO of L&T Infrastructure Development Projects Ltd, said the industry will collectively work with the government, academia and businesses to ensure it meets target.

The industry was willing to work with the government in the expansion of greenfield expressway development, Pathak said and sought government’s support in ensuring that bringing newer technologies and reducing cost should not impact profits.

Dilip Chenoy, Secretary General, FICCI, stressed the need for working collectively to bring down the cost of road construction.

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New on News |

Indian road infra industry biggest ingredient to spur economy: VK Singh

Union minister V K Singh on Friday said the Indian road infrastructure sector has potential to spur economic growth, and exhorted industry players to come up with innovative solutions for cost efficiency in road construction. Addressing the valedictory session of ‘BITU-CON 2020: Bitumen and Road Construction Industry’, organised by FICCI, the Minister of State for Road Transport and Highways said there is need to encourage more innovations and experimentation in infrastructure development.

“This sector has a lot of potential and is profitable also. Things are improving in the economy although it may take some time for complete recovery. The more we construct the better it is going to be for the economy,” Singh was quoted as saying in a statement by FICCI.

The Indian road infrastructure and highways construction industry, including the equipment and materials, is the biggest ingredient in spurring the economy, Singh said as per the statement.

He also urged the industry to come up with innovations and expressed government’s commitment to support it at the policy level.

Singh also urged the industry to use more innovative solutions to ensure that the construction cost is reduced.

“We have enough expertise, innovative spirit, know-how to make things better and this sector needs it. Indians have a great ability for innovation, but we are somehow not coming out with it. Innovation and experimentation should be encouraged in the industry to bring down the cost,” he said.

Cost-cutting, he said, should be looked in two ways, one on the immediate cost-cutting and other on life-time cost-cutting.

“We should focus on life-time cost-cutting rather than immediate cost- cutting. There is a great scope available. It ensures less road maintenance, and wear and tear also comes down,” said Singh.

The ministry also urged the industry to adopt pre-slab fabs in which quality is maintained and are standardised.

He also suggested the industry to find out ways to expand the use of bitumen and not just restrict to road construction.

Shailesh Pathak, Co-Chairman, FICCI Transport Infrastructure Committee and CEO of L&T Infrastructure Development Projects Ltd, said the industry will collectively work with the government, academia and businesses to ensure it meets target.

The industry was willing to work with the government in the expansion of greenfield expressway development, Pathak said and sought government’s support in ensuring that bringing newer technologies and reducing cost should not impact profits.

Dilip Chenoy, Secretary General, FICCI, stressed the need for working collectively to bring down the cost of road construction.

Daily Hunt |

Indian road infra industry biggest ingredient to spur economy: V K Singh

Union minister V K Singh on Friday said the Indian road infrastructure sector has potential to spur economic growth, and exhorted industry players to come up with innovative solutions for cost efficiency in road construction.

Addressing the valedictory session of 'BITU-CON 2020: Bitumen and Road Construction Industry', organised by FICCI, the Minister of State for Road Transport and Highways said there is need to encourage more innovations and experimentation in infrastructure development.

"This sector has a lot of potential and is profitable also. Things are improving in the economy although it may take some time for complete recovery. The more we construct the better it is going to be for the economy," Singh was quoted as saying in a statement by FICCI.

The Indian road infrastructure and highways construction industry, including the equipment and materials, is the biggest ingredient in spurring the economy, Singh said as per the statement.

He also urged the industry to come up with innovations and expressed the government's commitment to support it at the policy level.

Singh also urged the industry to use more innovative solutions to ensure that the construction cost is reduced.

"We have enough expertise, innovative spirit, know-how to make things better and this sector needs it. Indians have a great ability for innovation, but we are somehow not coming out with it. Innovation and experimentation should be encouraged in the industry to bring down the cost," he said.

Cost-cutting, he said, should be looked in two ways, one on the immediate cost-cutting and other on life-time cost-cutting.

"We should focus on life-time cost-cutting rather than immediate cost-cutting. There is a great scope available. It ensures less road maintenance, and wear and tear also comes down," said Singh.

The ministry also urged the industry to adopt pre-slab fabs in which quality is maintained and are standardised.

He also suggested the industry to find out ways to expand the use of bitumen and not just restrict to road construction.

Shailesh Pathak, Co-Chairman, FICCI Transport Infrastructure Committee and CEO of L&T Infrastructure Development Projects Ltd, said the industry will collectively work with the government, academia and businesses to ensure it meets target.

The industry was willing to work with the government in the expansion of greenfield expressway development, Pathak said and sought government's support in ensuring that bringing newer technologies and reducing cost should not impact profits.

Dilip Chenoy, Secretary General, FICCI, stressed the need for working collectively to bring down the cost of road construction.

News7trend |

Indian road infra industry biggest ingredient to spur economy: VK Singh

Union minister V Okay Singh on Friday stated the Indian street infrastructure sector has potential to spur financial progress, and exhorted trade gamers to give you revolutionary options for price effectivity in street building. Addressing the valedictory session of ‘BITU-CON 2020: Bitumen and Street Building Business’, organised by FICCI, the Minister of State for Street Transport and Highways stated there’s have to encourage extra improvements and experimentation in infrastructure growth.

“This sector has a variety of potential and is worthwhile additionally. Issues are enhancing within the financial system though it might take a while for full restoration. The extra we assemble the higher it’ll be for the financial system,” Singh was quoted as saying in a press release by FICCI.

The Indian street infrastructure and highways building trade, together with the tools and supplies, is the largest ingredient in spurring the financial system, Singh stated as per the assertion.

He additionally urged the trade to give you improvements and expressed authorities’s dedication to help it on the coverage stage.

Singh additionally urged the trade to make use of extra revolutionary options to make sure that the development price is decreased.

“We now have sufficient experience, revolutionary spirit, know-how to make issues higher and this sector wants it. Indians have an excellent capability for innovation, however we’re someway not popping out with it. Innovation and experimentation must be inspired within the trade to deliver down the associated fee,” he stated.

Value-cutting, he stated, must be appeared in two methods, one on the rapid cost-cutting and different on life-time cost-cutting.

“We must always give attention to life-time cost-cutting moderately than rapid cost- slicing. There’s a nice scope accessible. It ensures much less street upkeep, and put on and tear additionally comes down,” stated Singh.

The ministry additionally urged the trade to undertake pre-slab fabs wherein high quality is maintained and are standardised.

He additionally prompt the trade to search out out methods to develop using bitumen and never simply limit to street building.

Shailesh Pathak, Co-Chairman, FICCI Transport Infrastructure Committee and CEO of L&T Infrastructure Improvement Initiatives Ltd, stated the trade will collectively work with the federal government, academia and companies to make sure it meets goal.

The trade was keen to work with the federal government within the growth of greenfield expressway growth, Pathak stated and sought authorities’s help in guaranteeing that bringing newer applied sciences and decreasing price mustn’t influence income.

Dilip Chenoy, Secretary General, FICCI, burdened the necessity for working collectively to deliver down the price of street building.

sify.com |

Trying to lower road construction cost, improve quality: Gadkari

The Centre trying to reduce road construction costs and improve construction quality, Union Minister of Road Transport and Highways Nitin Gadkari said on Thursday.

Addressing the two-day 'Virtual Conference and Exhibition for Bitumen and Road Construction' organised by industry body FICCI, he said: "We need to reduce the construction cost and improve quality without compromising on it. We are working on it but more needs to be done."
Gadkari also urged the industry to increase the use of plastic and rubber wastes in road construction, which is also necessary as it helps the environment.

Apart from this, use of waste products like oil slag from steel plants should also be encouraged, he said.

"Industry should also use local produce, like jute or coir, and waste products in road construction, which not only increases the life of the road but also gives a better riding experience. We will come up with a pattern design system for precast," Gadkari said.

Elaborating on the use of technology, the minister asked the industry to adopt 'world-class technologies' in road construction.

Furthermore, he suggested to the industry to come up with a plan for a 10-year 'Defect Liability' period for constructing bitumen roads, which currently is for 5 years.

"If the industry comes up with the world's best technology and 10-year defect liability period, the government will then fully support and ensure that all benefits are given to you (the industry)," he said.

"We are open-minded, transparent, time-bound, result-oriented, and committed to quality. Come and convince us and we are ready to give you permissions."

In addition, he said that despite Covid-19, the government has been constructing roads at 30 km per day and speedily awarding contracts as well.

"Our speed has increased during Covid-19, instead of reducing."

Siasat.com |

Trying to lower road construction cost, improve quality: Gadkari

The Centre trying to reduce road construction costs and improve construction quality, Union Minister of Road Transport and Highways Nitin Gadkari said on Thursday.
Addressing the two-day ‘Virtual Conference and Exhibition for Bitumen and Road Construction’ organised by industry body Ficci, he said: “We need to reduce the construction cost and improve quality without compromising on it. We are working on it but more needs to be done.”

Gadkari also urged the industry to increase the use of plastic and rubber wastes in road construction, which is also necessary as it helps the environment.

Apart from this, use of waste products like oil slag from steel plants should also be encouraged, he said.

“Industry should also use local produce, like jute or coir, and waste products in road construction, which not only increases the life of the road but also gives a better riding experience. We will come up with a pattern design system for precast,” Gadkari said.

Elaborating on the use of technology, the minister asked the industry to adopt ‘world-class technologies’ in road construction.

Furthermore, he suggested to the industry to come up with a plan for a 10-year ‘Defect Liability’ period for constructing bitumen roads, which currently is for 5 years.

“If the industry comes up with the world’s best technology and 10-year defect liability period, the government will then fully support and ensure that all benefits are given to you (the industry),” he said.

“We are open-minded, transparent, time-bound, result-oriented, and committed to quality. Come and convince us and we are ready to give you permissions.”

In addition, he said that despite Covid-19, the government has been constructing roads at 30 km per day and speedily awarding contracts as well.

“Our speed has increased during Covid-19, instead of reducing.”

The Economic Times |

Indian road infra industry biggest ingredient to spur economy: VK Singh

Union minister V K Singh on Friday said the Indian road infrastructure sector has potential to spur economic growth, and exhorted industry players to come up with innovative solutions for cost efficiency in road construction. Addressing the valedictory session of 'BITU-CON 2020: Bitumen and Road Construction Industry', organised by FICCI, the Minister of State for Road Transport and Highways said there is need to encourage more innovations and experimentation in infrastructure development.

"This sector has a lot of potential and is profitable also. Things are improving in the economy although it may take some time for complete recovery. The more we construct the better it is going to be for the economy," Singh was quoted as saying in a statement by FICCI.

The Indian road infrastructure and highways construction industry, including the equipment and materials, is the biggest ingredient in spurring the economy, Singh said as per the statement.

He also urged the industry to come up with innovations and expressed government's commitment to support it at the policy level.

Singh also urged the industry to use more innovative solutions to ensure that the construction cost is reduced.

"We have enough expertise, innovative spirit, know-how to make things better and this sector needs it. Indians have a great ability for innovation, but we are somehow not coming out with it. Innovation and experimentation should be encouraged in the industry to bring down the cost," he said.

Cost-cutting, he said, should be looked in two ways, one on the immediate cost-cutting and other on life-time cost-cutting.

"We should focus on life-time cost-cutting rather than immediate cost- cutting. There is a great scope available. It ensures less road maintenance, and wear and tear also comes down," said Singh.

The ministry also urged the industry to adopt pre-slab fabs in which quality is maintained and are standardised.

He also suggested the industry to find out ways to expand the use of bitumen and not just restrict to road construction.

Shailesh Pathak, Co-Chairman, FICCI Transport Infrastructure Committee and CEO of L&T Infrastructure Development Projects Ltd, said the industry will collectively work with the government, academia and businesses to ensure it meets target.

The industry was willing to work with the government in the expansion of greenfield expressway development, Pathak said and sought government's support in ensuring that bringing newer technologies and reducing cost should not impact profits.

Dilip Chenoy, Secretary General, FICCI, stressed the need for working collectively to bring down the cost of road construction.

The Economic Times |

Indian road infra industry biggest ingredient to spur economy: VK Singh

Union minister V K Singh on Friday said the Indian road infrastructure sector has potential to spur economic growth, and exhorted industry players to come up with innovative solutions for cost efficiency in road construction.

Addressing the valedictory session of 'BITU-CON 2020: Bitumen and Road Construction Industry', organised by FICCI, the Minister of State for Road Transport and Highways said there is need to encourage more innovations and experimentation in infrastructure development.

"This sector has a lot of potential and is profitable also. Things are improving in the economy although it may take some time for complete recovery. The more we construct the better it is going to be for the economy," Singh was quoted as saying in a statement by FICCI.

The Indian road infrastructure and highways construction industry, including the equipment and materials, is the biggest ingredient in spurring the economy, Singh said as per the statement.

He also urged the industry to come up with innovations and expressed government's commitment to support it at the policy level.

Singh also urged the industry to use more innovative solutions to ensure that the construction cost is reduced.

"We have enough expertise, innovative spirit, know-how to make things better and this sector needs it. Indians have a great ability for innovation, but we are somehow not coming out with it. Innovation and experimentation should be encouraged in the industry to bring down the cost," he said.

Cost-cutting, he said, should be looked in two ways, one on the immediate cost-cutting and other on life-time cost-cutting.

"We should focus on life-time cost-cutting rather than immediate cost- cutting. There is a great scope available. It ensures less road maintenance, and wear and tear also comes down," said Singh.

The ministry also urged the industry to adopt pre-slab fabs in which quality is maintained and are standardised.

He also suggested the industry to find out ways to expand the use of bitumen and not just restrict to road construction.

Shailesh Pathak, Co-Chairman, FICCI Transport Infrastructure Committee and CEO of L&T Infrastructure Development Projects Ltd, said the industry will collectively work with the government, academia and businesses to ensure it meets target.

The industry was willing to work with the government in the expansion of greenfield expressway development, Pathak said and sought government's support in ensuring that bringing newer technologies and reducing cost should not impact profits.

Dilip Chenoy, Secretary General, FICCI, stressed the need for working collectively to bring down the cost of road construction.

Hindustan Times |

Indian road infra industry biggest ingredient to spur economy: V K Singh

Union minister V K Singh on Friday said the Indian road infrastructure sector has potential to spur economic growth, and exhorted industry players to come up with innovative solutions for cost efficiency in road construction.

Addressing the valedictory session of 'BITU-CON 2020: Bitumen and Road Construction Industry', organised by FICCI, the Minister of State for Road Transport and Highways said there is need to encourage more innovations and experimentation in infrastructure development.

"This sector has a lot of potential and is profitable also. Things are improving in the economy although it may take some time for complete recovery. The more we construct the better it is going to be for the economy," Singh was quoted as saying in a statement by FICCI.

The Indian road infrastructure and highways construction industry, including the equipment and materials, is the biggest ingredient in spurring the economy, Singh said as per the statement.

He also urged the industry to come up with innovations and expressed government's commitment to support it at the policy level.

Singh also urged the industry to use more innovative solutions to ensure that the construction cost is reduced.

"We have enough expertise, innovative spirit, know-how to make things better and this sector needs it. Indians have a great ability for innovation, but we are somehow not coming out with it. Innovation and experimentation should be encouraged in the industry to bring down the cost," he said.

Cost-cutting, he said, should be looked in two ways, one on the immediate cost-cutting and other on life-time cost-cutting.

"We should focus on life-time cost-cutting rather than immediate cost- cutting. There is a great scope available. It ensures less road maintenance, and wear and tear also comes down," said Singh.

The ministry also urged the industry to adopt pre-slab fabs in which quality is maintained and are standardised.

He also suggested the industry to find out ways to expand the use of bitumen and not just restrict to road construction.

Shailesh Pathak, Co-Chairman, FICCI Transport Infrastructure Committee and CEO of L&T Infrastructure Development Projects Ltd, said the industry will collectively work with the government, academia and businesses to ensure it meets target.

The industry was willing to work with the government in the expansion of greenfield expressway development, Pathak said and sought government's support in ensuring that bringing newer technologies and reducing cost should not impact profits.

Dilip Chenoy, Secretary General, FICCI, stressed the need for working collectively to bring down the cost of road construction.

Deccan Herald |

Indian road infra industry biggest ingredient to spur economy: V K Singh

Union minister V K Singh on Friday said the Indian road infrastructure sector has potential to spur economic growth, and exhorted industry players to come up with innovative solutions for cost efficiency in road construction.

Addressing the valedictory session of 'BITU-CON 2020: Bitumen and Road Construction Industry', organised by FICCI, the Minister of State for Road Transport and Highways said there is need to encourage more innovations and experimentation in infrastructure development.

"This sector has a lot of potential and is profitable also. Things are improving in the economy although it may take some time for complete recovery. The more we construct the better it is going to be for the economy," Singh was quoted as saying in a statement by FICCI.

The Indian road infrastructure and highways construction industry, including the equipment and materials, is the biggest ingredient in spurring the economy, Singh said as per the statement.

He also urged the industry to come up with innovations and expressed the government's commitment to support it at the policy level.

Singh also urged the industry to use more innovative solutions to ensure that the construction cost is reduced.

"We have enough expertise, innovative spirit, know-how to make things better and this sector needs it. Indians have a great ability for innovation, but we are somehow not coming out with it. Innovation and experimentation should be encouraged in the industry to bring down the cost," he said.

Cost-cutting, he said, should be looked in two ways, one on the immediate cost-cutting and other on life-time cost-cutting.

"We should focus on life-time cost-cutting rather than immediate cost-cutting. There is a great scope available. It ensures less road maintenance, and wear and tear also comes down," said Singh.

The ministry also urged the industry to adopt pre-slab fabs in which quality is maintained and are standardised.

He also suggested the industry to find out ways to expand the use of bitumen and not just restrict to road construction.

Shailesh Pathak, Co-Chairman, FICCI Transport Infrastructure Committee and CEO of L&T Infrastructure Development Projects Ltd, said the industry will collectively work with the government, academia and businesses to ensure it meets target.

The industry was willing to work with the government in the expansion of greenfield expressway development, Pathak said and sought government's support in ensuring that bringing newer technologies and reducing cost should not impact profits.

Dilip Chenoy, Secretary-General, FICCI, stressed the need for working collectively to bring down the cost of road construction.

Business World |

Indian road infrastructure industry biggest ingredient to spur economy: Gen VK Singh

The minister of State for Road Transport & Highways, General (Dr) VK Singh (Retd), said that the Indian road infrastructure and road construction industry, including the equipment and materials, are the biggest ingredient in spurring the economy. He also urged the industry to come up with innovations which the government will support even at the policy level.

Addressing the valedictory session at ‘BITU-CON 2020’, General Singh said that by constructing more roads not only we can ensure improvement in the connectivity but also bring down the travel time and freight cost. “This sector has a lot of potential and is profitable also. Things are improving in the economy although it may take some time for complete recovery. The more we construct the better it is going to be for the economy,” he added.

He also urged the industry to use more innovative solutions to ensure the construction cost is reduced. “We have enough expertise, innovative spirit, know-how to make things better and this sector needs it. Indians have a great ability for innovation, but we are somehow not coming out with it. Innovation and experimentation should be encouraged in the industry to bring down the cost,” said General Singh.

Cost-cutting, he said should be looked in two ways, one on the immediate cost cutting and other on life-time cost cutting. “We should focus on lifetime cost cutting rather than immediate cost cutting. There is a great scope available. It ensures less road maintenance, and wear and tear also come down. What we need is to utilize less thickness of cement by using other methodologies to strengthen the concrete and put a thin layer of bitumen to get better riding quality,” noted General Singh.

He also urged the industry to adopt pre-slab fabs in which quality is maintained and are standardized. General Singh suggested the industry to find out ways to expand the use of bitumen and not just restrict to road construction.

Shailesh Pathak, Co-Chairman, FICCI Transport Infrastructure Committee and CEO, L&T Infrastructure Development Projects Ltd said that the industry will collectively work with the government, academia, and businesses to ensure we meet the target. He said that we want to work with the government in the expansion of greenfield expressway development. He also urged the government’s support in ensuring that bringing newer technologies and reducing cost should not impact profits.

Dilip Chenoy, Secretary General, FICCI said that we have to work collectively and in partnership to bring down the cost of road construction. He said that we must also focus on using innovation and experimentation to develop products and systems through which India could become a world leader in the sector.

Outlook |

Indian road infra industry biggest ingredient to spur economy: V K Singh

Union minister V K Singh on Friday said the Indian road infrastructure sector has potential to spur economic growth, and exhorted industry players to come up with innovative solutions for cost efficiency in road construction.

Addressing the valedictory session of ''BITU-CON 2020: Bitumen and Road Construction Industry'', organised by FICCI, the Minister of State for Road Transport and Highways said there is need to encourage more innovations and experimentation in infrastructure development.

"This sector has a lot of potential and is profitable also. Things are improving in the economy although it may take some time for complete recovery. The more we construct the better it is going to be for the economy," Singh was quoted as saying in a statement by FICCI.

The Indian road infrastructure and highways construction industry, including the equipment and materials, is the biggest ingredient in spurring the economy, Singh said as per the statement.

He also urged the industry to come up with innovations and expressed government's commitment to support it at the policy level.

Singh also urged the industry to use more innovative solutions to ensure that the construction cost is reduced.

"We have enough expertise, innovative spirit, know-how to make things better and this sector needs it. Indians have a great ability for innovation, but we are somehow not coming out with it. Innovation and experimentation should be encouraged in the industry to bring down the cost," he said.

Cost-cutting, he said, should be looked in two ways, one on the immediate cost-cutting and other on life-time cost-cutting.

"We should focus on life-time cost-cutting rather than immediate cost- cutting. There is a great scope available. It ensures less road maintenance, and wear and tear also comes down," said Singh.

The ministry also urged the industry to adopt pre-slab fabs in which quality is maintained and are standardised.

He also suggested the industry to find out ways to expand the use of bitumen and not just restrict to road construction.

Shailesh Pathak, Co-Chairman, FICCI Transport Infrastructure Committee and CEO of L&T Infrastructure Development Projects Ltd, said the industry will collectively work with the government, academia and businesses to ensure it meets target.

The industry was willing to work with the government in the expansion of greenfield expressway development, Pathak said and sought government's support in ensuring that bringing newer technologies and reducing cost should not impact profits.

Dilip Chenoy, Secretary General, FICCI, stressed the need for working collectively to bring down the cost of road construction.

Business Dunia |

Indian road infrastructure industry biggest ingredient to spur economy: Gen VK Singh

General (Dr) VK Singh (Retd), Minister of State for Road Transport & Highways, Govt of India today said that the Indian road infrastructure and road construction industry, including the equipment and materials, are the biggest ingredient in spurring the economy. He also urged the industry to come up with innovations which the government will support even at the policy level.

Addressing the valedictory session at ‘BITU-CON 2020’, General Singh said that by constructing more roads not only we can ensure improvement in the connectivity but also bring down the travel time and freight cost. “This sector has a lot of potential and is profitable also. Things are improving in the economy although it may take some time for complete recovery. The more we construct the better it is going to be for the economy,” he added.

He also urged the industry to use more innovative solutions to ensure the construction cost is reduced. “We have enough expertise, innovative spirit, know-how to make things better and this sector needs it. Indians have a great ability for innovation, but we are somehow not coming out with it. Innovation and experimentation should be encouraged in the industry to bring down the cost,” said General Singh.

Cost-cutting, he said should be looked in two ways, one on the immediate cost cutting and other on life-time cost cutting. “We should focus on lifetime cost cutting rather than immediate cost cutting. There is a great scope available. It ensures less road maintenance, and wear and tear also come down. What we need is to utilize less thickness of cement by using other methodologies to strengthen the concrete and put a thin layer of bitumen to get better riding quality,” noted General Singh.

He also urged the industry to adopt pre-slab fabs in which quality is maintained and are standardized. General Singh suggested the industry to find out ways to expand the use of bitumen and not just restrict to road construction.

Mr Shailesh Pathak, Co-Chairman, FICCI Transport Infrastructure Committee and CEO, L&T Infrastructure Development Projects Ltd said that the industry will collectively work with the government, academia, and businesses to ensure we meet the target. He said that we want to work with the government in the expansion of greenfield expressway development. He also urged the government’s support in ensuring that bringing newer technologies and reducing cost should not impact profits.

Mr Dilip Chenoy, Secretary General, FICCI said that we have to work collectively and in partnership to bring down the cost of road construction. He said that we must also focus on using innovation and experimentation to develop products and systems through which India could become a world leader in the sector.

Devdiscourse |

Indian road infra industry biggest ingredient to spur economy: V K Singh

Union minister V K Singh on Friday said the Indian road infrastructure sector has potential to spur economic growth, and exhorted industry players to come up with innovative solutions for cost efficiency in road construction. Addressing the valedictory session of 'BITU-CON 2020: Bitumen and Road Construction Industry', organised by FICCI, the Minister of State for Road Transport and Highways said there is need to encourage more innovations and experimentation in infrastructure development.

"This sector has a lot of potential and is profitable also. Things are improving in the economy although it may take some time for complete recovery. The more we construct the better it is going to be for the economy," Singh was quoted as saying in a statement by FICCI. The Indian road infrastructure and highways construction industry, including the equipment and materials, is the biggest ingredient in spurring the economy, Singh said as per the statement. He also urged the industry to come up with innovations and expressed government's commitment to support it at the policy level.

Singh also urged the industry to use more innovative solutions to ensure that the construction cost is reduced. "We have enough expertise, innovative spirit, know-how to make things better and this sector needs it. Indians have a great ability for innovation, but we are somehow not coming out with it. Innovation and experimentation should be encouraged in the industry to bring down the cost," he said. Cost-cutting, he said, should be looked in two ways, one on the immediate cost-cutting and other on life-time cost-cutting.

"We should focus on life-time cost-cutting rather than immediate cost- cutting. There is a great scope available. It ensures less road maintenance, and wear and tear also comes down," said Singh. The ministry also urged the industry to adopt pre-slab fabs in which quality is maintained and are standardised. He also suggested the industry to find out ways to expand the use of bitumen and not just restrict to road construction.

Shailesh Pathak, Co-Chairman, FICCI Transport Infrastructure Committee and CEO of L&T Infrastructure Development Projects Ltd, said the industry will collectively work with the government, academia and businesses to ensure it meets target. The industry was willing to work with the government in the expansion of greenfield expressway development, Pathak said and sought government's support in ensuring that bringing newer technologies and reducing cost should not impact profits. Dilip Chenoy, Secretary General, FICCI, stressed the need for working collectively to bring down the cost of road construction.

PSU Watch |

Construction of roads can spur economy at a time like this: Gen VK Singh

General (Dr) VK Singh (Retd), Minister of State for Road Transport & Highways, said that the Indian road infrastructure and road construction industry, including the equipment and materials, are the biggest ingredient in spurring the economy. He also urged the industry to come up with innovations which the government will support even at the policy level. Addressing the valedictory session at ‘BITU-CON 2020’ on Friday, General Singh said that by constructing more roads not only we can ensure improvement in the connectivity but also bring down the travel time and freight cost. “This sector has a lot of potential and is profitable as well. Things are improving in the economy although it may take some time for complete recovery. The more we construct, the better it is going to be for the economy,” he said.

He also urged the industry to use more innovative solutions to ensure the construction cost is reduced. “We have enough expertise, innovative spirit, know-how to make things better and this sector needs it. Indians have a great ability for innovation, but we are somehow not coming out with it. Innovation and experimentation should be encouraged in the industry to bring down the cost,” said General Singh.

‘Road construction industry should find out ways to expand the use of bitumen’

Cost-cutting, he said should be looked at in two ways, one is the immediate cost cutting and the other is life-time cost cutting. “We should focus on lifetime cost-cutting rather than immediate cost-cutting. There is great scope available. It ensures less road maintenance, and wear and tear would also come down. What we need is to utilise less thickness of cement by using other methodologies to strengthen the concrete and put a thin layer of bitumen to get better riding quality,” noted General Singh.

He also urged the industry to adopt pre-slab fabs in which quality is maintained and standardised. General Singh suggested the industry to find out ways to expand the use of bitumen and not just restrict to road construction.

Industry says reducing cost should not impact profits

Shailesh Pathak, Co-Chairman, FICCI Transport Infrastructure Committee and CEO, L&T Infrastructure Development Projects Ltd said that the industry will collectively work with the government, academia, and businesses to ensure we meet the target. He said that we want to work with the government in the expansion of greenfield expressway development. He also urged the government’s support in ensuring that bringing newer technologies and reducing cost should not impact profits.

Dilip Chenoy, Secretary General, FICCI, said that we have to work collectively and in partnership to bring down the cost of road construction. He said that we must also focus on using innovation and experimentation to develop products and systems through which India could become a world leader in the sector.

The Economic Times |

Bring down cost of road construction without compromising on quality: Gadkari to industry

Cost of road construction in India must come down without compromising on quality, union minister for road transport and highways Nitin Gadkari said on Thursday.

“Our policy is to improve the quality and reduce the cost of construction. We are making continued efforts towards this,” Gadkari said at a virtual conference and exhibition for the bitumen and road construction sector, ‘BITU-CON 2020’, organized by FICCI.

Gadkari also urged the industry to increase the use of plastic and rubber wastes in road construction, besides encouraging the use of waste products like oil slags from steel plants and flash.

“Industry should also use local produce, like jute or coir, and waste products in road construction,” Gadkari said. “We will come up with a pattern design system for precast,” he added.

Gadkari also asked the industry to adopt world-class technologies in road construction. He further suggested the industry to come up with a plan with a 10-year Defect Liability period for constructing bitumen roads, which currently is for 5 years.

“If the industry comes up with the world’s best technology and 10-year defect liability period, the government will then fully support and ensure that all benefits are given to you (the industry),” he said.

Gadkari said that the industry must improve quality of construction, failing which, he will contemplate banning use of bitumen in road construction.

“Unless you make corrections, I will stop bitumen and make concrete mandatory. Not even a drop of bitumen will be used. Before this, improve quality after proper research, and we will support you,” Gadkari said.

“Technology innovations, artificial intelligence, process innovations, use of superior engineering practices, employing high standards in quality control, and most importantly, establishing enhanced harmony between the private and the public sectors will redefine this sector,” FICCI President Sangita Reddy was quoted as saying in a statement.

Business Standard |

Industry should embrace new tech for quality in infra projects: Gadkari

Union minister Nitin Gadkari on Thursday said industry players should adopt innovative methods and new technologies to improve cost efficiency and construction quality of infrastructure projects.

The road transport minister also warned cement players against cartelisation, black-marketing and profiteering.

"You need to reduce construction cost and improve quality. Cost reduction should be made without any compromise on quality," he said while addressing an event on 'BITU-CON 2020: BITUmen and Road CONstruction Industry', organised by FICCI.

Gadkari, who also holds the MSME portfolio, said the industry can play a significant role in boosting India's infrastructure through the aid of innovation and technology.

Industry players should look towards innovative methods of using waste like iron slag besides other material for use in infrastructure projects, the minister said.

Plans are afoot to reduce bridge construction cost through innovative technologies like promoting steel fibre in construction on the pattern of Malaysia and if successful that alone could save Rs 25,000 crore annually in bridge, Gadkari said.

Similarly, Niti Aayog has given green signal to Buldhana pattern of projects that have changed the face of some parts of Maharashtra, which entail excavation or dredging of ponds in drought-prone areas to ensure rain water harvesting and recharge of ground water, the minister said.

The dredging is done by the highways ministry free of cost in lieu of sand, deposits and aggregates to be used for highways construction, thereby reducing cost.

Gadkari said likewise technical parameters were being reduced to promote domestic players in infrastructure creation and cited example of Zojila tunnel, saying the government through change specifications has been able to reduce the cost of the project significantly at a time when it was demanded to enhance the original cost by about Rs 7,500 crore to Rs 11,000 crore.

"A meeting was convened to deliberate on the specifications which was attended by about 150 developers, consultants and other stakeholders. I had asked officials to reduce the technical qualification criteria besides financial qualifications without any compromise on quality," he said adding that over Rs 4,000 crore was saved due to it and the tender has been awarded.

Gadkari said the project for which tenders were floated for three times earlier was ultimately won by Megha Engineering & Infrastructure Ltd (MEIL).

Among the three bidders in the race including Larsen & Toubro and Ircon International JV, the Hyderabad-headquartered company had quoted the lowest Rs 4,509.5 crore for the tunnel project, stuck for over six years now.

The project holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall.

Prime Minister Narendra Modi had in May 2018 laid the foundation stone for the Rs 6,800 crore project, billed as the Asia's longest bi-directional tunnel, in Jammu and Kashmir.

Speaking about bitumen, Gadkari said it was found that such roads got damaged soon and urged the industry to come forward with technical innovations and a 10-year defect liability.

At the same time, he warned cement makers to refrain from "black-marketing, profiteering and cartelisation" saying the highways ministry alone has a potential to buy cement worth Rs 1 lakh crore but cement makers despite repeated warnings were being indulged in wrongdoings.

He said given the quality of concrete highways his ministry was in favour of making it mandatory, but wrong practices by cement manufacturers prevented any such step.

The minister said that his ministry plans to take road building to more than 30 km a day and innovations and newer technologies were welcomed.

He also stressed the need for newer technologies for highways building in difficult terrains like Chardham where a Rs 12,000 crore project is underway to link Yamunotri, Gangotri, Kedarnath and Badrinath.

Deccan Herald |

Time for industry to embrace new tech for quality, cost-efficiency in infra projects: Nitin Gadkari

Union minister Nitin Gadkari on Thursday said industry players should adopt innovative methods and new technologies to improve cost efficiency and construction quality of infrastructure projects.

The road transport minister also warned cement players against cartelisation, black-marketing and profiteering.

"You need to reduce construction cost and improve quality. Cost reduction should be made without any compromise on quality," he said while addressing an event on 'BITU-CON 2020: BITUmen and Road CONstruction Industry', organised by FICCI.

Gadkari, who also holds the MSME portfolio, said the industry can play a significant role in boosting India's infrastructure through the aid of innovation and technology.

Industry players should look towards innovative methods of using waste like iron slag besides other material for use in infrastructure projects, the minister said.

Plans are afoot to reduce bridge construction cost through innovative technologies like promoting steel fibre in construction on the pattern of Malaysia and if successful that alone could save Rs 25,000 crore annually in the bridge, Gadkari said.

Similarly, Niti Aayog has given green signal to Buldhana pattern of projects that have changed the face of some parts of Maharashtra, which entail excavation or dredging of ponds in drought-prone areas to ensure rainwater harvesting and recharge of groundwater, the minister said.

The dredging is done by the highways ministry free of cost in lieu of sand, deposits and aggregates to be used for highways construction, thereby reducing cost.

Gadkari said likewise technical parameters were being reduced to promote domestic players in infrastructure creation and cited example of Zojila tunnel, saying the government through change specifications has been able to reduce the cost of the project significantly at a time when it was demanded to enhance the original cost by about Rs 7,500 crore to Rs 11,000 crore.

"A meeting was convened to deliberate on the specifications which was attended by about 150 developers, consultants and other stakeholders. I had asked officials to reduce the technical qualification criteria besides financial qualifications without any compromise on quality," he said adding that over Rs 4,000 crore was saved due to it and the tender has been awarded.

Gadkari said the project for which tenders were floated for three times earlier was ultimately won by Megha Engineering & Infrastructure Ltd (MEIL).

Among the three bidders in the race including Larsen & Toubro and Ircon International JV, the Hyderabad-headquartered company had quoted the lowest Rs 4,509.5 crore for the tunnel project, stuck for over six years now.

The project holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall.

Prime Minister Narendra Modi had in May 2018 laid the foundation stone for the Rs 6,800 crore project, billed as the Asia's longest bi-directional tunnel, in Jammu and Kashmir.

Speaking about bitumen, Gadkari said it was found that such roads got damaged soon and urged the industry to come forward with technical innovations and a 10-year defect liability.

At the same time, he warned cement makers to refrain from "black-marketing, profiteering and cartelisation" saying the highways ministry alone has a potential to buy cement worth Rs 1 lakh crore but cement makers despite repeated warnings were being indulged in wrongdoings.

He said given the quality of concrete highways his ministry was in favour of making it mandatory, but wrong practices by cement manufacturers prevented any such step.

The minister said that his ministry plans to take road building to more than 30 km a day and innovations and newer technologies were welcomed.

He also stressed the need for newer technologies for highways building in difficult terrains like Chardham where a Rs 12,000 crore project is underway to link Yamunotri, Gangotri, Kedarnath and Badrinath.

Business World |

Reduce road construction costs without compromising on quality: Nitin Gadkari

Nitin Gadkari, Minister of Road Transport & Highways and MSME, said on September 10 that the policy of the government is to ensure reduction in construction costs and improving the quality of road construction.

Addressing the two-day Virtual Conference and Exhibition for the Bitumen and Road Construction, ‘BITU-CON 2020’, organized by FICCI, Mr Gadkari said, “We need to reduce the construction cost and improve quality without compromising on it. We are working on it but more needs to be done.”

He also urged the industry to increase the use of plastic and rubber wastes in road construction, which is also necessary as it helps the environment. Apart from this, the use of waste products like oil slags from steel plants and flash should also be encouraged. “Industry should also use local produce, like jute or coir, and waste products in road construction, which not only increases the life of the road but also gives a better riding experience. We will come up with a pattern design system for precast,” said Gadkari.

Elaborating on the use of technology, Gadkari also asked the industry to adopt world-class technologies in road construction. He further suggested the industry to come up with a plan with a 10-year Defect Liability period for constructing bitumen roads, which currently is for 5 years. “If the industry comes up with the world’s best technology and 10-year defect liability period, the government will then fully support and ensure that all benefits are given to you (the industry),” he said.

Assuring the industry of full government support, Gadkari said, “We are open-minded, transparent, time-bound, result-oriented, and committed to quality. Come and convince us and we are ready to give you permissions.” He emphasized that if we improve on the quality then the share of bitumen roads will increase from gram panchayats to district roads, state highways, and national highways and we must encourage this.

Gadkari further stated that despite COVID-19, the government has been constructing roads at 30 km per day and speedily awarding the contracts as well. “Our speed has increased during COVID-19, instead of reducing,” he added.

Sangita Reddy, President, FICCI said that despite the challenges faced by COVID-19, the Ministry of Road Transport and Highways has surpassed its target for the construction of national highways in the country.

“There is going to be a huge focus on the construction industry in the coming years. Technology innovations, artificial intelligence, process innovations, use of superior engineering practices, employing high standards in quality control, and most importantly, establishing enhanced harmony between the private and the public sectors will redefine this sector,” she added.

BVN Rao, Chair, FICCI Transport Infrastructure Committee and Business Chairman (Transport & Urban Infra), GMR Group said that India’s road infrastructure has seen consistent improvement in the last few years. He said that connectivity has improved, and road transportation has become a focus of rapid development. “The growing demand for infrastructure in the country will majorly drive the Indian bitumen market,” he added.

Shailesh Pathak, Co-Chair, FICCI Transport Infrastructure Committee and CEO, L&T Infrastructure Development Projects said that concrete road with bitumen surfacing or bitumen road with a 10-year Defect Liability will be encouraged. “It is both a challenge and an opportunity for us to reduce costs while improving quality,” he said

Outlook |

Time for industry to embrace new tech for quality, cost-efficiency in infra projects: Gadkari

Union minister Nitin Gadkari on Thursday said industry players should adopt innovative methods and new technologies to improve cost efficiency and construction quality of infrastructure projects.

The road transport minister also warned cement players against cartelisation, black-marketing and profiteering.

"You need to reduce construction cost and improve quality. Cost reduction should be made without any compromise on quality," he said while addressing an event on ''BITU-CON 2020: BITUmen and Road CONstruction Industry'', organised by FICCI.

Gadkari, who also holds the MSME portfolio, said the industry can play a significant role in boosting India's infrastructure through the aid of innovation and technology.

Industry players should look towards innovative methods of using waste like iron slag besides other material for use in infrastructure projects, the minister said.

Plans are afoot to reduce bridge construction cost through innovative technologies like promoting steel fibre in construction on the pattern of Malaysia and if successful that alone could save Rs 25,000 crore annually in bridge, Gadkari said.

Similarly, Niti Aayog has given green signal to Buldhana pattern of projects that have changed the face of some parts of Maharashtra, which entail excavation or dredging of ponds in drought-prone areas to ensure rain water harvesting and recharge of ground water, the minister said.

The dredging is done by the highways ministry free of cost in lieu of sand, deposits and aggregates to be used for highways construction, thereby reducing cost.

Gadkari said likewise technical parameters were being reduced to promote domestic players in infrastructure creation and cited example of Zojila tunnel, saying the government through change specifications has been able to reduce the cost of the project significantly at a time when it was demanded to enhance the original cost by about Rs 7,500 crore to Rs 11,000 crore.

"A meeting was convened to deliberate on the specifications which was attended by about 150 developers, consultants and other stakeholders. I had asked officials to reduce the technical qualification criteria besides financial qualifications without any compromise on quality," he said adding that over Rs 4,000 crore was saved due to it and the tender has been awarded.

Gadkari said the project for which tenders were floated for three times earlier was ultimately won by Megha Engineering & Infrastructure Ltd (MEIL).

Among the three bidders in the race including Larsen & Toubro and Ircon International JV, the Hyderabad-headquartered company had quoted the lowest Rs 4,509.5 crore for the tunnel project, stuck for over six years now.

The project holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall.

Prime Minister Narendra Modi had in May 2018 laid the foundation stone for the Rs 6,800 crore project, billed as the Asia's longest bi-directional tunnel, in Jammu and Kashmir.

Speaking about bitumen, Gadkari said it was found that such roads got damaged soon and urged the industry to come forward with technical innovations and a 10-year defect liability.

At the same time, he warned cement makers to refrain from "black-marketing, profiteering and cartelisation" saying the highways ministry alone has a potential to buy cement worth Rs 1 lakh crore but cement makers despite repeated warnings were being indulged in wrongdoings.

He said given the quality of concrete highways his ministry was in favour of making it mandatory, but wrong practices by cement manufacturers prevented any such step.

The minister said that his ministry plans to take road building to more than 30 km a day and innovations and newer technologies were welcomed.

He also stressed the need for newer technologies for highways building in difficult terrains like Chardham where a Rs 12,000 crore project is underway to link Yamunotri, Gangotri, Kedarnath and Badrinath.

Central Chronicle |

Embrace new tech for quality, cost-efficiency in infra projects

Union minister Nitin Gadkari on Thursday said industry players should adopt innovative methods and new technologies to improve cost efficiency and construction quality of infrastructure projects.

The road transport minister also warned cement players against cartelisation, black-marketing and profiteering.

“You need to reduce construction cost and improve quality. Cost reduction should be made without any compromise on quality,” he said while addressing an event on ‘BITU-CON 2020: BITUmen and Road CONstruction Industry’, organised by FICCI.

Gadkari, who also holds the MSME portfolio, said the industry can play a significant role in boosting India’s infrastructure through the aid of innovation and technology.

Industry players should look towards innovative methods of using waste like iron slag besides other material for use in infrastructure projects, the minister said.

Plans are afoot to reduce bridge construction cost through innovative technologies like promoting steel fibre in construction on the pattern of Malaysia and if successful that alone could save Rs 25,000 crore annually in bridge, Gadkari said.

Similarly, Niti Aayog has given green signal to Buldhana pattern of projects that have changed the face of some parts of Maharashtra, which entail excavation or dredging of ponds in drought-prone areas to ensure rain water harvesting and recharge of ground water, the minister said.

The dredging is done by the highways ministry free of cost in lieu of sand, deposits and aggregates to be used for highways construction, thereby reducing cost.

Gadkari said likewise technical parameters were being reduced to promote domestic players.

The Free Press Journal |

Increase 'Defect Liability' period for constructing bitumen roads, says Union Minister Nitin Gadkari to industry

The Centre trying to reduce road construction costs and improve construction quality, Union Minister of Road Transport and Highways Nitin Gadkari said on Thursday.

Addressing the two-day 'Virtual Conference and Exhibition for Bitumen and Road Construction' organised by industry body FICCI, he said: "We need to reduce the construction cost and improve quality without compromising on it. We are working on it but more needs to be done."

Gadkari also urged the industry to increase the use of plastic and rubber wastes in road construction, which is also necessary as it helps the environment.

Apart from this, use of waste products like oil slag from steel plants should also be encouraged, he said.

"Industry should also use local produce, like jute or coir, and waste products in road construction, which not only increases the life of the road but also gives a better riding experience. We will come up with a pattern design system for precast," Gadkari said.

Elaborating on the use of technology, the minister asked the industry to adopt 'world-class technologies' in road construction.

Furthermore, he suggested to the industry to come up with a plan for a 10-year 'Defect Liability' period for constructing bitumen roads, which currently is for 5 years.

"If the industry comes up with the world's best technology and 10-year defect liability period, the government will then fully support and ensure that all benefits are given to you (the industry)," he said.

"We are open-minded, transparent, time-bound, result-oriented, and committed to quality. Come and convince us and we are ready to give you permissions."

In addition, he said that despite Covid-19, the government has been constructing roads at 30 km per day and speedily awarding contracts as well.

British Asia |

Trying to lower road construction cost, improve quality: Gadkari

The Centre trying to reduce road construction costs and improve construction quality, Union Minister of Road Transport and Highways Nitin Gadkari said on Thursday.

Addressing the two-day ‘Virtual Conference and Exhibition for Bitumen and Road Construction’ organised by industry body Ficci, he said: “We need to reduce the construction cost and improve quality without compromising on it. We are working on it but more needs to be done.”

Gadkari also urged the industry to increase the use of plastic and rubber wastes in road construction, which is also necessary as it helps the environment.

Apart from this, use of waste products like oil slag from steel plants should also be encouraged, he said.

“Industry should also use local produce, like jute or coir, and waste products in road construction, which not only increases the life of the road but also gives a better riding experience. We will come up with a pattern design system for precast,” Gadkari said.

Elaborating on the use of technology, the minister asked the industry to adopt ‘world-class technologies’ in road construction.

Furthermore, he suggested to the industry to come up with a plan for a 10-year ‘Defect Liability’ period for constructing bitumen roads, which currently is for 5 years.

“If the industry comes up with the world’s best technology and 10-year defect liability period, the government will then fully support and ensure that all benefits are given to you (the industry),” he said.

“We are open-minded, transparent, time-bound, result-oriented, and committed to quality. Come and convince us and we are ready to give you permissions.”

In addition, he said that despite Covid-19, the government has been constructing roads at 30 km per day and speedily awarding contracts as well.

“Our speed has increased during Covid-19, instead of reducing.”

Deccan News |

Time for the industry to apply new technology in infra-projects: Gadkari

Union Minister Nitin Gadkari said on Thursday that industry role players should use innovative methods and new technologies to improve cost-effectiveness and construction quality of infrastructure projects.

The Minister of Road Transport also warned cement players against cartelisation, black marketing and profiteering.

‘You need to reduce construction costs and improve quality. Cost reduction must take place without any compromise on quality, ”he said when addressing an event on ‘BITU-CON 2020: BITUmen and Road Construction Industry’, organized by FICCI.

Gadkari, who also owns the MSME portfolio, said the industry could play a key role in boosting India’s infrastructure through innovation and technology.

Industry role players need to look at innovative methods of using waste such as iron slag, in addition to other materials for use in infrastructure projects, the minister said.

It is planned to reduce the construction cost of the bridge through innovative technologies such as the promotion of steel fiber in construction according to the pattern of Malaysia, and if successful, it can save only $ 25,000 million per year in the bridge, has Gadkari said.

Similarly, Niti Aayog gave a green signal to the Buldhana pattern of projects that changed the face of some parts of Maharashtra, meaning excavation or dredging of dams in drought-stricken areas to ensure rainwater harvesting and groundwater recharging , the minister said. .

The dredging work is done free of charge by the Ministry of Highways instead of sand, deposits and substances to be used for highway construction, which reduces costs. Gadkari said that technical parameters are also reduced to promote local players in the creation of infrastructure, citing the example of Zojila tunnel, and said that through change specifications the government could significantly reduce the cost of the project at a time when there was asked to improve the original. costs about 7,500 million to 11,000 million.

A meeting was convened to discuss the specifications attended by about 150 developers, consultants and other stakeholders. I asked officials to reduce the technical qualification criteria in addition to financial qualifications, without compromising on quality, ” he said, adding that more than Rs 000 million had been saved for it and the tender had been awarded.

Gadkari said the project for which tenders had previously been run three times was eventually won by Megha Engineering & Infrastructure Ltd (MEIL).

Among the three bidders in the race, including Larsen & Toubro and Ircon International JV, the company with its head office in Hyderabad has the lowest amount of 4,509.5 million for the tunnel project, which has been stuck for more than six years now.

The project is of strategic importance as Zojila Pass is located at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall.

In May 2018, Prime Minister Narendra Modi laid the foundation stone for the Rore 6,800-crore project, which is described as the longest two-way tunnel from Asia in Jammu and Kashmir.

On bitumen, Gadkari said such roads are being found to be damaged soon, and has encouraged the industry to come forward with technical innovations and a ten-year liability. At the same time, he warned cement manufacturers to refrain from ‘black marketing, profiteering and cartelisation’, saying that the highway ministry alone has the potential to buy cement worth 1 million Rk, but cement manufacturers are given wrongdoing despite repeated warnings.

He said the ministry is in favor of making it mandatory, but that wrong practices by cement manufacturers are hindering such a move, given the quality of concrete highways. The minister said his ministry plans to take road construction to more than 30km a day, and innovations and newer technologies are welcomed.

He also stressed the need for newer technologies for highway construction in difficult areas such as Chardham, where a Rs 12,000 crore project is underway to connect Yamunotri, Gangotri, Kedarnath and Badrinath.

Telangana Today |

Time for industry to embrace new tech in infra projects: Gadkari

Union minister Nitin Gadkari on Thursday said industry players should adopt innovative methods and new technologies to improve cost efficiency and construction quality of infrastructure projects.

The road transport minister also warned cement players against cartelisation, black-marketing and profiteering.

“You need to reduce construction cost and improve quality. Cost reduction should be made without any compromise on quality,” he said while addressing an event on ‘BITU-CON 2020: BITUmen and Road CONstruction Industry’, organised by FICCI.

Gadkari, who also holds the MSME portfolio, said the industry can play a significant role in boosting India’s infrastructure through the aid of innovation and technology.

Industry players should look towards innovative methods of using waste like iron slag besides other material for use in infrastructure projects, the minister said.

Plans are afoot to reduce bridge construction cost through innovative technologies like promoting steel fibre in construction on the pattern of Malaysia and if successful that alone could save Rs 25,000 crore annually in bridge, Gadkari said.

Similarly, Niti Aayog has given green signal to Buldhana pattern of projects that have changed the face of some parts of Maharashtra, which entail excavation or dredging of ponds in drought-prone areas to ensure rain water harvesting and recharge of ground water, the minister said.

The dredging is done by the highways ministry free of cost in lieu of sand, deposits and aggregates to be used for highways construction, thereby reducing cost. Gadkari said likewise technical parameters were being reduced to promote domestic players in infrastructure creation and cited example of Zojila tunnel, saying the government through change specifications has been able to reduce the cost of the project significantly at a time when it was demanded to enhance the original cost by about Rs 7,500 crore to Rs 11,000 crore.

“A meeting was convened to deliberate on the specifications which was attended by about 150 developers, consultants and other stakeholders. I had asked officials to reduce the technical qualification criteria besides financial qualifications without any compromise on quality,” he said adding that over Rs 4,000 crore was saved due to it and the tender has been awarded.

Gadkari said the project for which tenders were floated for three times earlier was ultimately won by Megha Engineering & Infrastructure Ltd (MEIL).

Among the three bidders in the race including Larsen & Toubro and Ircon International JV, the Hyderabad-headquartered company had quoted the lowest Rs 4,509.5 crore for the tunnel project, stuck for over six years now.

The project holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall.

Prime Minister Narendra Modi had in May 2018 laid the foundation stone for the Rs 6,800 crore project, billed as the Asia’s longest bi-directional tunnel, in Jammu and Kashmir.

Speaking about bitumen, Gadkari said it was found that such roads got damaged soon and urged the industry to come forward with technical innovations and a 10-year defect liability. At the same time, he warned cement makers to refrain from “black-marketing, profiteering and cartelisation” saying the highways ministry alone has a potential to buy cement worth Rs 1 lakh crore but cement makers despite repeated warnings were being indulged in wrongdoings.

He said given the quality of concrete highways his ministry was in favour of making it mandatory, but wrong practices by cement manufacturers prevented any such step. The minister said that his ministry plans to take road building to more than 30 km a day and innovations and newer technologies were welcomed.

He also stressed the need for newer technologies for highways building in difficult terrains like Chardham where a Rs 12,000 crore project is underway to link Yamunotri, Gangotri, Kedarnath and Badrinath.

PSU Watch |

Govt focused on reducing road construction costs without lowering quality: Gadkari

Nitin Gadkari, Minister of Road Transport & Highways and MSME, said on Thursday that the policy of the government is to ensure reduction in construction costs and improving the quality of road construction. Addressing the two-day Virtual Conference and Exhibition for the Bitumen and Road Construction, ‘BITU-CON 2020’, organised by FICCI, Gadkari said, “We need to reduce the construction cost and improve quality without compromising on it. We are working on it but more needs to be done.”

‘Industry should use plastic and rubber wastes in road construction’

He also urged the industry to increase the use of plastic and rubber wastes in road construction, which is also necessary as it helps the environment. Apart from this, the use of waste products like oil slags from steel plants and flash should also be encouraged. “Industry should also use local produce, like jute or coir, and waste products in road construction, which not only increases the life of the road but also gives a better riding experience. We will come up with a pattern design system for precast,” said Gadkari.

Elaborating on the use of technology, Gadkari also asked the industry to adopt world-class technologies in road construction. He further suggested the industry to come up with a plan with a 10-year Defect Liability period for constructing bitumen roads, which currently is for five years. “If the industry comes up with the world’s best technology and 10-year defect liability period, the government will then fully support and ensure that all benefits are given to you (the industry),” he said.
Gadkari assures industry of full support

Assuring the industry of full government support, Gadkari said, “We are open-minded, transparent, time-bound, result-oriented, and committed to quality. Come and convince us and we are ready to give you permissions.” He emphasised that if we improve on the quality then the share of bitumen roads will increase from gram panchayats to district roads, state highways, and national highways and we must encourage this.

Gadkari further stated that despite COVID-19, the government has been constructing roads at 30 km per day and speedily awarding the contracts as well. “Our speed has increased during COVID-19, instead of reducing,” he added.
‘Growing demand for infrastructure will drive bitumen market’

BVN Rao, Chair, FICCI Transport Infrastructure Committee and Business Chairman (Transport & Urban Infra), GMR Group said that India’s road infrastructure has seen consistent improvement in the last few years. He said that connectivity has improved, and road transportation has become a focus of rapid development. “The growing demand for infrastructure in the country will majorly drive the Indian bitumen market,” he added.
Shailesh Pathak, Co-Chair, FICCI Transport Infrastructure Committee and CEO, L&T Infrastructure Development Projects Ltd said that concrete road with bitumen surfacing or bitumen road with a 10-year Defect Liability will be encouraged. “It is both a challenge and an opportunity for us to reduce costs while improving quality,” he added.

Punjab Newsline |

Govt focus on reducing road construction costs without compromising on quality: Nitin Gadkari

Union Minister for Road Transport & Highways and MSME Nitin Gadkari has said that the policy of the government is to ensure reduction in road construction costs and improve its quality. Addressing the two-day Virtual Conference and Exhibition for the Bitumen and Road Construction - ‘BITU-CON 2020’, organized by FICCI today, Shri Gadkari said, the government is working on it but more needs to be done.

The Minister urged the industry to increase the use of plastic and rubber wastes in road construction, which also helps the environment. Apart from this, the use of waste products like oil slags from steel plants and flash should also be encouraged. He suggested use of local produce, like jute or coir, and waste products in road construction, which not only increases the life of the road but also gives a better riding experience. He said, the government will come up with a pattern design system for precast.

Elaborating on the use of technology, Shri Gadkari asked the industry to adopt world-class technologies in road construction. He called upon the industry to come up with a plan with a 10-year Defect Liability period for constructing bitumen roads, which currently is for 5 years.

Assuring the industry of full support, Shri Gadkari said, the government is open-minded, transparent, time-bound, result-oriented, and committed to quality. He called up the industry to come and cconvince the government, as it is ready to give permissions. He emphasized that if the quality od roads is improve, the share of bitumen roads will increase from gram panchayats to district roads, state highways, and national highways.

Shri Gadkari further stated that despite COVID-19, the government has been constructing roads at a fast pace and is speedily awarding the contracts. He said, the construction speed has not diminished even during this difficult period.

Applauding the pace of road construction, Dr Sangita Reddy, President, FICCI said that despite the challenges faced by COVID-19, the Ministry of Road Transport and Highways has surpassed its target for the construction of highways in the country.

Maritime Gateway |

India-Maldives cargo ferry service set to sail from Thoothukudi on September 20

The vessel can carry all types of commodities such as electrical machinery, furniture, pharma products, etc along with perishable goods.

The first dedicated cargo ferry service between India and Maldives is all set to start operations from Thoothukudi on September 20.

Amit Narang, Joint Secretary, External Affairs, announced the new ferry service at a virtual conference organised by FICCI.

The cargo vessel will leave Thoothukudi on September 20 and will be received at Cochin Port Trust on September 22. It will reach Maldives on September 26 and will have a return voyage from there on October 1. There will be two or three services every month. The starting of the service is an important milestone in the geo-economic and political relations between the two countries and it would be a big boost for business communities in the both the countries to expand their business and trade relations, he said.

Improving trade, connectivity

Sunjay Sudhir, Indian High Commissioner to the Maldives, pointed out that this is an important step forward in the ‘Neighbourhood First policy’ of the Indian government and the culmination of MoU between India and Maldives signed in 2019 with the objective to improve connectivity through an alternate and lesser expensive means of transport for goods.

Detailing the first scheduled cargo ferry service, HK Joshi, CMD, Shipping Corporation of India, said that the first vessel – a container-cum-bulk ship – would commence its maiden trip. The turnaround time of the vessel would be 10-12 days depending on the actual vessel operations at Male. The vessel can carry all types of commodities such as electrical machinery, furniture, pharma products, etc along with perishable goods, she said.

M Beena, Chairperson, Cochin Port Trust, and TK Ramachandran, Chairman, VOC Port Trust, described the initiative as a major step towards the country’s efforts in connecting closely in business and with the people of Maldives, especially for Kerala and Tamil Nadu, that are closely located and have trade and business activities with Maldives.

This important step has been initiated to actualise the proposed ferry service following the feasibility study conducted by FICCI with the High Commission of Maldives to assess the potential of Exim trade between the two countries and the economic viability of commencing the cargo ferry service after the Prime Minister’s announcement last year.

The Hindu Business Line |

India-Maldives cargo ferry service set to sail from Thoothukudi on September 20

The first dedicated cargo ferry service between India and Maldives is all set to start operations from Thoothukudi on September 20.

Amit Narang, Joint Secretary, External Affairs, announced the new ferry service at a virtual conference organised by FICCI.

The cargo vessel will leave Thoothukudi on September 20 and will be received at Cochin Port Trust on September 22. It will reach Maldives on September 26 and will have a return voyage from there on October 1. There will be two or three services every month. The starting of the service is an important milestone in the geo-economic and political relations between the two countries and it would be a big boost for business communities in the both the countries to expand their business and trade relations, he said.

Improving trade, connectivity

Sunjay Sudhir, Indian High Commissioner to the Maldives, pointed out that this is an important step forward in the ‘Neighbourhood First policy’ of the Indian government and the culmination of MoU between India and Maldives signed in 2019 with the objective to improve connectivity through an alternate and lesser expensive means of transport for goods.

Detailing the first scheduled cargo ferry service, HK Joshi, CMD, Shipping Corporation of India, said that the first vessel – a container-cum-bulk ship – would commence its maiden trip. The turnaround time of the vessel would be 10-12 days depending on the actual vessel operations at Male. The vessel can carry all types of commodities such as electrical machinery, furniture, pharma products, etc along with perishable goods, she said.

M Beena, Chairperson, Cochin Port Trust, and TK Ramachandran, Chairman, VOC Port Trust, described the initiative as a major step towards the country’s efforts in connecting closely in business and with the people of Maldives, especially for Kerala and Tamil Nadu, that are closely located and have trade and business activities with Maldives.

This important step has been initiated to actualise the proposed ferry service following the feasibility study conducted by FICCI with the High Commission of Maldives to assess the potential of Exim trade between the two countries and the economic viability of commencing the cargo ferry service after the Prime Minister’s announcement last year.

Indian Transport & Logistic News |

Confident to complete entire 2800 km corridor projects by 2022: DFCCIL MD

A K Sachan, managing director, Dedicated Freight Corridor Corporation of India (DFCCIL) said that being one of the most prestigious infrastructure projects in the country, Dedicated Freight Corridor is a high priority area for the government and Indian Railways is confident to complete the entire 2800 km corridor by 2022.

The dedicated freight corridor plans to decongest the existing Indian Railway network, increase the average speed of goods train from existing 25 to70 mph, run-heavy haul trains (higher axle 25/32.5 tonnes) & overall of 13000 tonnes and facilitate the running of longer (1.5 km) and double-stack trains.

"DFCCIL plans to connect the inland waterways from Varanasi to the eastern corridor to provide direct connectivity from Haldia Port to Ludhiana." We will also be allowing private players to operate on these corridors,” Sachan said while addressing a FICCI webinar on 'Opportunities in Indian Railways: Fostering Infrastructure for Future.'

"Dedicated Freight Corridor project has created many employment opportunities and multiple industries are dependent on it. The construction industry has highly benefited from this sector and once the operation starts, the logistics industry will be greatly impacted," he added.

Achal Khare, managing director, National High Speed Rail Corporation said, "Under the high-speed rail projects, there are total 25 construction packages out of which 20 packages are allotted to Indian companies and only 5 to Japanese agencies. This will further give a thrust to the government's vision of Atmanirbhar Bharat."

BVN Rao, chairman, FICCI Transport Infrastructure Committee and business chairman (transportation & urban infra), GMR Group said, "Indian Railways has done a remarkable job as they have successfully executed more than 200 long-pending maintenance works and have set a clear example of turning crisis into opportunity."

Orissa Diary |

Indian Railways confident to complete entire 2800 KM corridor projects by 2022: MD, Dedicated Freight Corridor Corporation India Ltd

Mr A K Sachan, Managing Director, Dedicated Freight Corridor Corporation Indian Ltd (DFCCIL) today said that being one of the most prestigious infrastructure project in the country, Dedicated Freight Corridor is a high priority area for the government.
Addressing FICCI webinar on ‘Opportunities in Indian Railways: Fostering Infrastructure for Future’, Mr Sachan said, “DFCCIL plans to connect the inland waterways from Varanasi to the eastern corridor to provide direct connectivity from Haldia Port to Ludhiana.” We will also be allowing private players to operate on these corridors, he added.

Elaborating on the project, Mr Sachan said, “Dedicated Freight Corridor project has created many employment opportunities and multiple industries are dependent on it. The construction industry has highly benefited from this sector and once the operation starts, the logistics industry will be greatly impacted.”

Mr Achal Khare, Managing Director, National High Speed Rail Corporation Limited said, “Under the High speed rail projects, there are total 25 construction packages out of which 20 packages are allotted to Indian companies and only 5 to Japanese agencies. This will further give a thrust to the government’s vision of Atmanirbhar Bharat.”

Mr LC Trivedi, General Manager, East Central Railways and North Eastern Railways, Indian Railways said, “Ministry of Railways has ordered a gradual shift of all their tenders to GEM (Government e-Marketplace) for bringing more transparency in procurement.” This will create ample opportunities through participation of multiple stakeholders in the Railway sector, he added.

Mr BVN Rao, Chairman, FICCI Transport Infrastructure Committee and Business Chairman (Transportation & Urban Infra), GMR Group said, “Indian Railways has done a remarkable job as they have successfully executed more than 200 long-pending maintenance works and have set a clear example of turning crisis into opportunity.”

Mr Sandeep Selot Co-Chairman (Railways), FICCI Transport Infrastructure Committee and Managing Director GE Diesel Locomotives and Chief Commercial Officer (South Asia & South East Asia), GE Transportation said, “India is a strategic market both in terms of growth and adoption of modern technologies and therefore several manufacturers have built global capacities in the country.”

Mr Arunendra Kumar, Advisor (Railways), FICCI Transport Infrastructure Committee and President (Rail & Urban Transportation) JBM Group and Former Chairman Railway Board said, “Ministry of Railways will be the prime mover for Atmanirbhar Bharat as now most of the locomotives, electrification products are being Made in India.”

Business Dunia |

Indian Railways confident to complete entire 2800 KM corridor projects by 2022: A K Sachan

Mr A K Sachan, Managing Director, Dedicated Freight Corridor Corporation Indian Ltd (DFCCIL) today said that being one of the most prestigious infrastructure project in the country, Dedicated Freight Corridor is a high priority area for the government.

Addressing FICCI webinar on ‘Opportunities in Indian Railways: Fostering Infrastructure for Future’, Mr Sachan said, “DFCCIL plans to connect the inland waterways from Varanasi to the eastern corridor to provide direct connectivity from Haldia Port to Ludhiana.” We will also be allowing private players to operate on these corridors, he added.

Elaborating on the project, Mr Sachan said, “Dedicated Freight Corridor project has created many employment opportunities and multiple industries are dependent on it. The construction industry has highly benefited from this sector and once the operation starts, the logistics industry will be greatly impacted.”

Mr Achal Khare, Managing Director, National High Speed Rail Corporation Limited said, “Under the High speed rail projects, there are total 25 construction packages out of which 20 packages are allotted to Indian companies and only 5 to Japanese agencies. This will further give a thrust to the government’s vision of Atmanirbhar Bharat.”

Mr LC Trivedi, General Manager, East Central Railways and North Eastern Railways, Indian Railways said, “Ministry of Railways has ordered a gradual shift of all their tenders to GEM (Government e-Marketplace) for bringing more transparency in procurement.” This will create ample opportunities through participation of multiple stakeholders in the Railway sector, he added.

Mr BVN Rao, Chairman, FICCI Transport Infrastructure Committee and Business Chairman (Transportation & Urban Infra), GMR Group said, “Indian Railways has done a remarkable job as they have successfully executed more than 200 long-pending maintenance works and have set a clear example of turning crisis into opportunity.”

Mr Sandeep Selot Co-Chairman (Railways), FICCI Transport Infrastructure Committee and Managing Director GE Diesel Locomotives and Chief Commercial Officer (South Asia & South East Asia), GE Transportation said, “India is a strategic market both in terms of growth and adoption of modern technologies and therefore several manufacturers have built global capacities in the country.”

Mr Arunendra Kumar, Advisor (Railways), FICCI Transport Infrastructure Committee and President (Rail & Urban Transportation) JBM Group and Former Chairman Railway Board said, “Ministry of Railways will be the prime mover for Atmanirbhar Bharat as now most of the locomotives, electrification products are being Made in India.”

Orissa Diary |

Govt working to reduce GST on bio-diesel: Joint Secretary (Refineries), MoP&NG

Briefly joining the FICCI webinar ‘Biofuel Roadmap for India: Moving towards Green Transportation, Mr Tarun Kapoor, Secretary, Ministry of Petroleum and Natural Gas, Govt of India today applauded FICCI’s efforts in mobilising industry deliberations around biofuels and urged the industry to think from a broader perspective and take quantum jumps to leapfrog from conventional fuel to cleaner, greener automotive fuel choices.

Mr Sunil Kumar, Joint Secretary (Refineries), Ministry of Petroleum and Natural Gas, Govt of India, earlier said that the government is considering reduction in the GST rate on bio-diesel, which is currently at 12 percent. The Ministry has also recommended reducing the GST rate on CNG vehicles to 5 percent at par with electric vehicles (EVs). “We have sent the recommendations to the Finance Ministry for consideration,” he added.

In order to provide relief to the industry and promote biogas, Mr Kumar said that the ministry is ensuring easing of cash flow for new entrepreneurs to improve the viability for the CBG (compressed biogas) plants. “We are also coordinating with state governments on biomass aggregation,” he said and added that bio-CBG will take the lead and it will trigger a greater change in both supply and distribution. “It will set the motion for other biofuels to follow,” he added.

Mr Kumar also urged the industry to adopt newer technology. “Our demand along with consumption in the transportation sector, of energy, is increasing. We have a policy on bio-fuel, but unless the transportation sector is also ready to adapt to the changes, it will not be successful.”

Mr O P Agarwal, Chairman, FICCI Taskforce on Future of Mobility and CEO, WRI India said that the growing concern of import dependence on fuel is driving us to work towards bio-fuel. The government has launched sustainable alternatives for affordable transport and this scheme is on compressed bio fuel gas, which ambitiously target about 50 million metric tonnes of gas from 5,000 plants by 2023.

Mr Subodh Kumar, Former ED (Petrochemicals, Alternative Energy & Sustainable Development), Indian Oil; Mr Y B Ramakrishna, Member (Working Group on Bio-fuels), Ministry of Petroleum and Natural Gas, Govt of India; Dr Anjan Ray, Director, CSIR-Indian Institute of Petroleum and Dr Rakesh K Sharma, Associate Professor, IIT Jodhpur also shared their perspective on the future of Bio-fuels in India.

Mr Dilip Chenoy, Secretary General, FICCI, moderated the session.

Exim Online |

Govt aims at liberalising registration regime, encouraging more FDI in shipping & allowing joint ventures in ship ownership

Mr Amitabh Kumar, IRS, Director-General of Shipping & Additional Secretary to the Government of India, has stressed that shipbuilding is a high priority area for the government and it is trying various methods to incentivise the sector in India, said a release.

Addressing a FICCI webinar on ‘Business Continuity Plan For Indian Maritime Sector and Path To Recovery Post Covid-19’, Mr Kumar said, “Our long-term strategies include that we want more ships under Indian flag and we want to use cargo as an asset to build maritime industry including shipping, shipbuilding, repairs and manning.”

He further said, “We want to liberalise our registration regime, encourage more FDI in shipping and allow joint ventures in ship ownership. We want overseas Indian citizens to invest in Indian shipping sector.” Highlighting the long-term vision of the Indian maritime industry, Mr Kumar said, “We are working to become a pioneer in ‘contact-less port call’, where any ship or port don’t engage in any human interaction whenever the ship calls the port. This is our three-year vision.”

Elaborating on India’s excellence in small ship manufacturing, he said that the government is coming up with the first Maritime Cluster in Goa and over 100 companies are already part of this. “We know that we have strength in building small ships, offshore vessels. We need to concentrate on that and become better so that we not only get orders from Indian flag vessels but it becomes a hub for international shipbuilding. Once we have gained this expertise, we can scale it up to large vessels,” he added.

Capt BVJK Sharma, Chairman (Shipping), FICCI Committee on Transport Infrastructure, and Director-Ports (CEO Office), Adani Ports and SEZ Ltd, said, “The maritime industry has played a very essential role in the short term emergency response to Covid-19 by facilitating transport of vital commodities and products. FICCI has been playing an active role in addressing the main issues and all stakeholders have extended themselves during Covid-19.”

He further said that FICCI has been working with the government for an action plan that is required for industry concerns. “Make in India program will surely double the number of Indian flag vessels,” added Capt Sharma.

Mr Steve Felder, Managing Director - South Asia, Maersk Line (India) Pvt. Ltd, Mr Dhruv Kotak, Managing Director, J. M. Baxi Group, Mr Jagmeet Makkar, Director, Pastiche Holdings Ltd and Co-Founder & Director, SkillsPlus, and Mr Shravan Rewari, MD & CEO, ARI Simulation also shared the industry perspective, the release added.

India Education Diary |

India to become pioneer in developing contactless human port call system for ships

Mr Amitabh Kumar, Director General of Shipping & Additional Secretary to the Government of India today said that ship building is a high priority area for the government and we are trying various methods to incentivize ship building in India.

Addressing FICCI webinar ‘Business Continuity Plan For Indian Maritime Sector and Path To Recovery Post COVID-19’, Mr Kumar said, “Our long-term strategies include that we want more ships under Indian flag and we want to use cargo as an asset to build maritime industry including shipping, ship building, repairs and manning.”

He further said, “We want to liberalize our registration regime, encourage more FDI in shipping and allow joint ventures in ship ownership. We want overseas Indian citizens to invest in Indian shipping sector.” Highlighting the long-term vision of the Indian maritime industry, Mr Kumar said, “We are working to become a pioneer in ‘contact-less port call’, where any ship or port don’t engage in any human interaction whenever the ship calls the port. This is our three-year vision.”

Elaborating on India’s excellence in small ship manufacturing, Mr Kumar said that government is coming-up with first Maritime Cluster in Goa and over 100 companies are already part of this. “We know that we have strength in building small ships, off-shore vessels. We need to concentrate on that and become better so that we not only get orders from Indian flag vessels but it becomes a hub for international ship building. Once we have gained this expertise, we can scale it up to large vessels,” he added.

Capt BVJK Sharma, Chairman (Shipping), FICCI Committee on Transport Infrastructure and Director-Ports (CEO Office) Adani Ports and SEZ Ltd said, “The maritime industry has played a very essential role in the short term emergency response to COVID-19 by facilitating transport of vital commodities and products. FICCI has been playing an active role in addressing the main issues and all stakeholders have extended themselves during COVID-19.”

He further said that FICCI has been working with the government for action plan required for the industry concerns. “Make in India program will surely double the number of Indian flag vessels,” added Capt Sharma.

Mr Steve Felder, Managing Director – South Asia, Maersk Line (India) Pvt Ltd; Mr Dhruv Kotak, Managing Director, JM Baxi Group, Mr Jagmeet Makkar, Director, Pastiche Holdings Ltd and Co-Founder & Director, SkillsPlus; and Mr Shravan Rewari, MD & CEO, ARI Simulation also shared the industry perspective.

CNBC TV18 |

Industry writes to Govt as Chinese imports pile up, says supply chain severely disrupted

After a sudden halt in clearing shipments and consignments across ports, the industry chambers have called for urgent intervention and fast-tracking of pending Chinese imports.

USISPF, ICEA, FIEO, CII, FICCI, USIBC, Broadband India Forum, COAI, and many others have approached various quarters of the government in New Delhi, seeking urgent attention.

CNBC-TV18 has accessed many of these representations and a query sent to the Finance Ministry remained unanswered. However, senior custom officials at various ports, have confirmed that a sudden red alert came in from the revenue intelligence agencies against Chinese imports post which they started 100 percent inspection of inbound packages.

Sample this, Delhi Air Cargo saw a decline in the number of gate-passes issued and total weight of import cargo released in the last few days. According to the data, accessed by CNBC-TV18 on June 22, Delhi air cargo cleared 670 tons of shipments, which reduced to 184 tons on June 23, 274 tons on June 24 and to just 214 tons on June 25.

It's noteworthy that Delhi Air Cargo is the largest airport that receives maximum imports across India via air and 70 percent of this volume comes from China.

However, post various news reports on pending clearances, on June 25, few consignments of Apple, Dell, HP, and Cisco were cleared at Delhi Air Cargo and some consignments of Apple shipment were also cleared at Bangalore and Chennai air cargo on June 25.

Dilip Chenoy, Secretary General, FICCI, who wrote to Revenue Secretary Ajay Bhushan Pandey on June 24 regarding the issue said, “the move has left companies in utter ambiguity and paralyzed their business continuity.”

“Imported shipments have been halted at all ports in India since June 22, in the absence of any prior notice or information. No formal orders had been issued by the Government in this regard. Moreover, no reasoning has been provided as to why these consignments are not being cleared. This lack of information and details about which consignments may be held at ports has left companies in utter ambiguity and paralysed their business continuity,” Chenoy wrote in the letter.

FICCI, like others, has sought urgent intervention from the government with a practical solution for the industry. The industry body has also requested that “companies engaged in manufacturing and exports from India as well as AEO-status companies should be exempted from 100 percent inspection. Moreover, there must be an exemption from 100 percent inspection for high-end products in order to prevent losses to companies and the National Exchequer on account of pilferage, soiling, and other delays. The use of X-ray machines at major ports or dog squads (for narcotics/other security threats) may be considered as a suitable alternative. These measures will help restore the speed of clearance, protect the quality of imports, and restore business confidence for companies while avoiding economic losses.”

Similarly, the US-India Strategic Partnership Forum wrote to DPIIT, on June 25, calling sharing that their member companies, in the last 48 hours informed of some very disturbing activities that started on Monday evening at Chennai Port and over the course of last 48 hours extended to other ports in Mumbai & Delhi, including the Airports around the country.

They also shared that all goods (be it high end, finished or any other kind of products) being imported from China (electronics or pharmaceuticals) have been abruptly seized and stalled by Customs.

“100 percent of goods are being opened and dismantled. This is being done on verbal instructions at the ports without any prior intimation warning or communication from the Customs. The impact being that the situation is creating uncertainty and disruption of business for multiple companies whose goods are being wrecked, said US-India Strategic Partnership Forum.

“Disruption is leading to delay in supplying of goods in the extended Supply chain, increasing chances of theft & pilferage, re-importing of products back to factories for re-packaging to be then re-imported back to India since products will become unsellable, delay in manufacturing and a lot more,” said a senior member of cargo handling agents association in Delhi, who did not wish to be named.

Industry chambers have called for an exception for companies that enjoy the Authorised Economic Operator (AEO) status of trusted traders over years of dealing with and meeting stringent import and business requirements and an urgent review of the government orders to restore normal port operations so that there is no further adverse impact to the industry.

Nisha Biswal, President of U.S.-India Business Council (USIBC) has also written to DPIIT seeking “a closed-door conversation with impacted companies to understand the GoI’s position and timeline to resume critical manufacturing inputs. Further, to promote manufacturing and ensure seamless recovery of business operations, I urge you to provide official public guidance for the business community on any changes in the port operations. I also request your help with the resumption of any port services which have been temporarily halted."

Biswal too warned the government of the fact that the “unannounced holds seriously and materially disrupt manufacturing operations in many sectors including life sciences, and electronics manufacturing. These detained components and inputs are required to continue manufacturing in the country, as well as impact Indian exports into global supply chains, particularly to other Asian and Middle Eastern countries. This action undermines efforts around Make-in-India and GoI efforts to attract additional global supply chain investment.”

Another representation sent by George Paul, Chief Executive Officer of Manufacturers Association for Information Technology (MAIT) too highlighted in the representation to the government that the industry is totally mindful of India’s Atmanirbhar Bharat Abhiyan, but imposing 100 percent inspection of imports is hurting the industry.

“In an AEO regime, any such step will result in delays in clearance at the ports and in turn further be a setback for the Electronics Manufacturing Industry and the country. India as the fifth largest economy of the world should drive this critical transition of reducing dependency on China on our terms, under a well thought out and executed strategy. We should not take reactive steps, and that is key to retaining the confidence of existing investments in manufacturing and attracting additional investments. We, therefore, urge you to take measures for continued smoothness of Indian manufacturing business operations and supply chain that support it,” George Paul’s letter, reviewed by CNBC-TV18, said.

Outlook |

"State transport undertakings must adopt innovative operative models to improve financial health"

State transport undertakings (STUs) will have to adopt innovative operative models to improve financial health, a transport ministry official said on Friday.

"STUs across the states will have to look at their financial health from a different perspective. They need to have more innovative operating models like cluster operations, leasing of buses instead of purchasing them," Vaibhav Dange, advisor, NHAI, Ministry of Road Transport and Highways, said.

Addressing FICCI webinar on ''Business Continuity Plan for Efficient Public Transportation and Path to Recovery Post COVID-19'', Dange said STUs should use their assets to effectively monetise their financial health.

"The ministry has advised STUs to monetise their assets to increase their financial independence through bus stations and other assets. The ministry is open to support STUs to come up with inventive solutions to monetise these assets," he said.

C Shikha, managing director of Bengaluru Metropolitan Transport Corporation, said that increasing safety awareness and implementation of protocols are imperative to gain passenger confidence.

"We have a swift SOP (standard operating procedure) that we follow, and we are working towards increasing public awareness. Digital ticketing with QR codes will be made compulsory by the next week. As of now, we have 50 per cent of buses operating on this model," she said.

Highlighting the aspects to regain passenger confidence, Raj Shekhar, managing director of Uttar Pradesh State Road Transport Corporation, said, "We cannot neglect the necessary safety provisions and are ensuring the same for the commuters."

He added that there is a need to take a holistic approach on opening of intermodal transportation as it will play a crucial role in increasing ridership levels.

Devdiscourse |

'State transport undertakings must adopt innovative operative models to improve financial health'

State transport undertakings (STUs) will have to adopt innovative operative models to improve financial health, a transport ministry official said on Friday. "STUs across the states will have to look at their financial health from a different perspective. They need to have more innovative operating models like cluster operations, leasing of buses instead of purchasing them," Vaibhav Dange, advisor, NHAI, Ministry of Road Transport and Highways, said.

Addressing FICCI webinar on 'Business Continuity Plan for Efficient Public Transportation and Path to Recovery Post COVID-19', Dange said STUs should use their assets to effectively monetize their financial health. "The ministry has advised STUs to monetize their assets to increase their financial independence through bus stations and other assets. The ministry is open to support STUs to come up with inventive solutions to monetize these assets," he said. C Shikha, managing director of Bengaluru Metropolitan Transport Corporation, said that increasing safety awareness and implementation of protocols are imperative to gain passenger confidence.

"We have a swift SOP (standard operating procedure) that we follow, and we are working towards increasing public awareness. Digital ticketing with QR codes will be made compulsory by the next week. As of now, we have 50 per cent of buses operating on this model," she said. Highlighting the aspects to regain passenger confidence, Raj Shekhar, managing director of Uttar Pradesh State Road Transport Corporation, said, "We cannot neglect the necessary safety provisions and are ensuring the same for the commuters." He added that there is a need to take a holistic approach on opening of intermodal transportation as it will play a crucial role in increasing ridership levels.

Hindustan Opinion |

"State Transport Undertakings should adopt innovative models to improve financial health"

Mr Vaibhav Dange, Advisor, NHAI, Ministry of Road Transport and Highways, Govt of India today said that State Transport Undertakings (STUs) will have to adopt innovative operative models to improve financial health.

Addressing FICCI webinar on ‘Business Continuity Plan for Efficient Public Transportation and Path to Recovery Post COVID-19’, Mr Dange said, “STUs across the states will have to look at their financial health from a different perspective. They need to have more innovative operating models like cluster operations, leasing of buses instead of purchasing them.”

STUs should use their assets to effectively monetize their financial health. “Ministry has advised STUs to monetize their assets to increase their financial independence through bus stations and other assets. The Ministry is open to support STUs to come-up with inventive solutions to monetize these assets,” added Mr Dange.

Ms C Shikha, Managing Director, Bengaluru Metropolitan Transport Corporation said that increasing safety awareness and implementation of protocols are imperative to gain passenger confidence. “We have a very swift SOP which we follow, and we are working towards increasing public awareness. Digital ticketing with QR codes will be made compulsory by next week. As of now we have 50 percent of buses operating on this model,” she said.

Dr Raj Shekhar, Managing Director, Uttar Pradesh State Road Transport Corporation while highlighting the aspects to regain passenger confidence said, “We can’t neglect the necessary safety provisions and are ensuring the same for the commuters. He added that there is a need to take a holistic approach on opening of intermodal transportation as it will play a crucial role in increasing ridership levels.

Mr Palash Roy Chowdhury, Co-Chairman, FICCI Taskforce on Future of Mobility and CMD, SmartE said, “We must follow a 3-step procedure for building commuter confidence like cashless transaction, thermal scanners and the use of Aarogya Setu Aap.” He said that electric vehicle technology across public transport infrastructure must be adopted.

“Witnessing the positive impact on environment due to lockdown, the government could consider promoting the usage of locally manufactured electric vehicles in public transportation segment,” added Mr Chowdhury.

Mr Prasanna Patwardhan, President Bus and Operators Confederation on India (BOCI) and CMD, Prasanna Purple Mobility Solutions Pvt Ltd highlighted the various issues being faced by the private bus operators due to the COVID-19 crisis and urged the government to kindly consider financial stimulus to support the industry.

Mr Nishant Arya, Executive Director, JBM Group and Chairman, Linde Wiemann Gmbh said that technology will play a crucial role in ensuring public safety while travelling in public transportation. “OEMs, operators and STUs should work together in building a safe, green and efficient public transportation ecosystem.

Ms Rupa Nandy, Head, UITP said that the measures taken towards transportation across the world are different, but technology has played the most important part in making the process touchless.

The webinar was moderated by Mr Jagannarayan Padmanabhan, Practice Leader and Director -Transport and Logistics, CRISIL Infrastructure Advisory and was well attended by key stakeholders of the industry

SME Times |

'Start-up cos can now bid in railway tenders'

Railway Board member Vishwesh Chaube said that start-up companies will also be allowed to participate in railway projects.

Addressing a webinar on 'Business Continuity Plan for Railway Sector and Path to Recovery Post COVID-19', organised by FICCI, Chaube said, "We have allowed the start-up companies to tender in the railway contracts with no earnest money being submitted by them and with no eligibility criteria also."

Highlighting the impact of COVID-19, Mr Chaube said that soon all zonal offices and railway board will work on e-office concept. "Railway board is also shifting to e-office concept and by June all zonal offices will shift to e-office concept," he added.

Chaube also emphasized that COVID-19 might impact the short-term goals, but Indian Railways is bullish on infrastructure projects and will achieve long term goals.

He also said that Indian railways is already in the process of redeveloping stations, and 62 stations are being taken up on PPP mode including New Delhi, Mumbai Central stations. "Rs 10,000 crore will be spent in the redevelopment of the stations. Railways is geared up to complete them," said Mr Chaube.

Pradeep Kumar, Member (Signal & Telecom), Railway Board, Ministry of Railways said that Indian railways will promote Make in India and focus on indigenous products.

"Indian railways is determined to encourage the use of indigenous signalling system following the footstep of Hon'ble PM's Atmanirbhar Bharat," added Mr Kumar.

He also stressed upon the need that Indian railways will find new ways to not only improve passenger convenience but also reduce logistic cost. "The main focus of Indian railways will be to reduce the logistic cost to 8% from current 13% by improving asset utilizations and using multimodal transportation."

Arunendra Kumar, Adviser, FICCI National Committee on Transport Infrastructure and Former Chairman Railway Board and President (Rail and Urban Transportation) JBM Group said that Indian railways has not only met but exceeded the country's expectation.

"The interaction is an eye opener for the industry as it has highlighted many steps taken by Indian railways to promote the vision of Atmanirbhar Bharat," he said.

Sandeep Selot, Co-Chairman, FICCI National Committee on Transport Infrastructure and Managing Director, GE Diesel Locomotives Pvt Ltd said that Indian railways has played a pivotal role during these unprecedented times by leveraging its resource mobilization, capabilities, agility to cater to the completely new requirements.

Devdiscourse |

Railway Board to soon work one-office concept amid COVID-19 crisis

Mr Vishwesh Chaube, Member (Engineering), Railway Board, Ministry of Railways today said that start-up companies will also be allowed to participate in railway projects.

Addressing a webinar on 'Business Continuity Plan for Railway Sector and Path to Recovery Post COVID-19', organised by FICCI, Mr Chaube said, "We have allowed the start-up companies to tender in the railway contracts with no earnest money being submitted by them and with no eligibility criteria also."

Highlighting the impact of COVID-19, Mr Chaube said that soon all zonal offices and railway board will work one-office concept. "Railway board is also shifting to the e-office concept and by June all zonal offices will shift to the e-office concept," he added.

Mr Chaube also emphasized that COVID-19 might impact the short-term goals, but Indian Railways is bullish on infrastructure projects and will achieve long term goals.

He also said that Indian railways are already in the process of redeveloping stations, and 62 stations are being taken up on PPP mode including New Delhi, Mumbai Central stations. "Rs 10,000 crore will be spent in the redevelopment of the stations. Railways is geared up to complete them," said Mr Chaube.

Mr Pradeep Kumar, Member (Signal & Telecom), Railway Board, Ministry of Railways said that Indian railways will promote Make in India and focus on indigenous products.

"Indian Railways is determined to encourage the use of indigenous signalling system following the footstep of Hon'ble PM's Atmanirbhar Bharat," added Mr Kumar.

He also stressed upon the need that Indian railways will find new ways to not only improve passenger convenience but also reduce logistic cost. "The main focus of Indian railways will be to reduce the logistic cost to 8% from the current 13% by improving asset utilization and using multimodal transportation."

Mr Arunendra Kumar, Adviser, FICCI National Committee on Transport Infrastructure and Former Chairman Railway Board and President (Rail and Urban Transportation) JBM Group said that Indian Railways has not only met but exceeded the country's expectation. "The interaction is an eye-opener for the industry as it has highlighted many steps taken by Indian railways to promote the vision of Atmanirbhar Bharat," he said.

Mr Sandeep Selot, Co-Chairman, FICCI National Committee on Transport Infrastructure and Managing Director, GE Diesel Locomotives Pvt Ltd said that Indian Railways has played a pivotal role during these unprecedented times by leveraging its resource mobilization, capabilities, agility to cater to the completely new requirements.

PSU Watch |

Start-up companies can now bid in railway tenders, says Board Member

Vishwesh Chaube, Member (Engineering), Railway Board, Ministry of Railways, said on Friday that start-up companies will also be allowed to participate in railway projects. Addressing a webinar on ‘Business Continuity Plan for Railway Sector and Path to Recovery Post COVID-19,’ organised by FICCI, Chaube said, “We have allowed start-up companies to tender in the railway contracts with no earnest money being submitted by them and with no eligibility criteria also.”

Highlighting the impact of COVID-19, Chaube said that soon all zonal offices and railway board will work on e-office concept. “Railway Board is also shifting to e-office concept and by June all zonal offices will shift to e-office concept,” he added.

‘COVID-19 might impact short-term goals of Railways’

Chaube also emphasized that COVID-19 might impact the short-term goals, but Indian Railways is bullish on infrastructure projects and will achieve long-term goals. Apart from opening up railway tenders to start-ups for participation, Indian railways is already in the process of redeveloping stations, and 62 stations are being taken up on PPP mode, including New Delhi, Mumbai Central stations. “Rs 10,000 crore will be spent in the redevelopment of the stations. Railways is geared up to complete them,” said Chaube.
Railways will promote Make in India

Pradeep Kumar, Member (Signal & Telecom), Railway Board, Ministry of Railways said that Indian railways will promote Make in India and focus on indigenous products. Indian railways is determined to encourage the use of indigenous signalling system following the footstep of Hon’ble PM’s Atmanirbhar Bharat,” added Kumar.

He also stressed upon the need that Indian railways will find new ways to not only improve passenger convenience but also reduce logistic cost. “The main focus of Indian railways will be to reduce the logistic cost to 8 percent from current 13 percent by improving asset utilisations and using multimodal transportation.”

‘Railways has played a pivotal role during the COVID-19 crisis’

Arunendra Kumar, Adviser, FICCI National Committee on Transport Infrastructure and Former Chairman Railway Board and President (Rail and Urban Transportation) of JBM Group, said that Indian railways has not only met but exceeded the country’s expectations. “The interaction is an eye-opener for the industry as it has highlighted many steps taken by Indian railways to promote the vision of Atmanirbhar Bharat,” he said.

Sandeep Selot, Co-Chairman, FICCI National Committee on Transport Infrastructure and Managing Director, GE Diesel Locomotives Pvt Ltd, said that Indian railways has played a pivotal role during these unprecedented times by leveraging its resource mobilisation, capabilities, agility to cater to the completely new requirements.

The Hindu Business Line |

'Higher education institutions can tie up with Highway, MSME Ministry for specific projects'

Higher education institutions can tie-up with the Ministries of Road Transport and Highways and Small and Medium Enterprises (MSME) for research in specific areas, Nitin Gadkari, said in a meeting with higher education authorities organised by FICCI.

He added that such institutions could tie-up in the area of road safety, to conduct road safety audits and traffic studies on various stretches of highways.

Indicating the scope for such work, Gadkari said that black-spots – which are design or engineering changes in highways to lower accidents – were identified in Mumbai-Pune expressway (an expressway that was made when he was Minister in Maharashtra).

Highway Ministry has set a target to build highways with ₹15 lakh crore in the next two years, said Gadkari. Road Ministry will soon tie-up with two IITs for developing areas of civil engineering, the Minister said.

He cited the example of a tie-up with IIT Madras for the port sector, when Shipping Ministry funded setting up of a chair after the institute designed a project for Haldia port.

The universities should not try to become "industrialists". Instead they should strive to achieve excellence while making ‘some’ profit, Gadkari said stressing on the need for universities not to increase fees sharply every year and think of ways to focus on improving quality of education, creating jobs for students while lowering the burden of high fees.

KNN |

Draft National Logistics Policy to be revisited: Govt

The union government has said that in the context of COVID-19 pandemic and other developments, the government is in the process of revisiting the Draft National Logistics Policy.

Addressing an interactive session via webinar organized by FICCI, Pawan Kumar Agarwal, Special Secretary-Logistics, Ministry of Commerce and Industry said, “National Logistics Policy is being formulated and the draft policy will be revisited given the COVID-19 situation and other factors. This will give an opportunity to further fine-tune the policy and discuss issues that have not been addressed in the previous draft.”

He urged the industry to share their recommendations and new ideas in formulating the policy in order to make India’s supply chain more resilient and responsive to disasters and emergencies.

Agarwal said that focus is on integrated development of logistics sector so that different players can be brought on the same platform.

“There is a need to develop national logistics that is fully integrated with global logistics ecosystem. The focus is on connecting the local supply chain with global logistics,” he added.

Agarwal, while underlining the 8 mantras for transforming India’s logistics sector, said that there is need for standardization, improving quality and promoting excellence in the sector. He also highlighted the importance of digitization that has been further underscored by COVID-19 pandemic and the need for skilling human resources, improving quality of work and professionalism in the sector.

''The Special Secretary said that there was a need for optimal utilization of logistics. The emphasis is on making the overall logistics sector more innovative, resilient, and sustainable,'' said Agarwal.

He further added that focus is on green logistics as it will bring in medium and long-term gains for the sector.

India Education Diary |

Draft National Logistics Policy to be Revisited : Special Secretary-Logistics

Mr Pawan Kumar Agarwal, Special Secretary-Logistics, Ministry of Commerce and Industry yesterday said that in the context of COVID-19 pandemic and other developments, the Government is in the process of revisiting the Draft National Logistics Policy.

Addressing an interactive session via webinar, organized by FICCI, Mr Agarwal said, "National Logistics Policy is being formulated and the draft policy will be revisited given the COVID-19 situation and other factors. This will give an opportunity to further fine-tune the policy and discuss issues that have not been addressed in the previous draft."

He urged the industry to share their recommendations and new ideas in formulating the policy in order to make India’s supply chain more resilient and responsive to disasters and emergencies.

Mr Agarwal said that focus is on integrated development of logistics sector so that different players can be brought on the same platform. "There is a need to develop national logistics that is fully integrated with global logistics ecosystem. The focus is on connecting the local supply chain with global logistics," he added.

Mr Agarwal, while underlining the 8 mantras for transforming India’s logistics sector, said that there is need for standardization, improving quality and promoting excellence in the sector. He highlighted the importance of digitization that has been further underscored by COVID-19 pandemic and the need for skilling human resources, improving quality of work and professionalism in the sector.

The Special Secretary said that there was a need for optimal utilization of logistics. The emphasis is on making the overall logistics sector more innovative, resilient, and sustainable, said Mr Agarwal. He further added that focus is on green logistics as it will bring in medium and long-term gains for the sector.

Mr Shantanu Bhadkamkar, President, Association of Multimodal Transport Operators of India (AMTOI), said that the logistics sector is truly global in nature. He added that logistics sector is early adapters of technology.

Mr A V Vijaykumar, Chairman, Federation of Freight Forwarders’ Associations in India (FFFAI), said that there is a need for ramping up infrastructure for smoother functioning of import and export activities. He added that specific freight corridors will help in inbound and outbound transportation.

Mr R S Subramanian, Chairman, Express Industry Council of India (EICI), said that express services will act as catalyst in nation’s supply chain development. He observed that the focus of the sector should be on digitalization and investment promotion for capacity building.

Mr Abhishek Prakash Rao, Group Director-Sales & Marketing, Varuna Group, said that the biggest opportunity is to have greater transparency across the national supply chain in which technology will play a massive role.

Mr Juzar Mustan, Chairman, FICCI Logistics Committee, said that the sector is adapting new technology faster than before and the users are more receptive to digital economy.

Mr Mukesh Haritash, Co-Chair, FICCI Logistics Committee, said that industry will collaborate with the Government on the National Logistics Policy.

MENAFN |

India- Draft National Logistics Policy to be revisited: Govt

The union government has said that in the context of COVID-19 pandemic and other developments, the government is in the process of revisiting the Draft National Logistics Policy.

Addressing an interactive session via webinar organized by FICCI, Pawan Kumar Agarwal, Special Secretary-Logistics, Ministry of Commerce and Industry said, 'National Logistics Policy is being formulated and the draft policy will be revisited given the COVID-19 situation and other factors. This will give an opportunity to further fine-tune the policy and discuss issues that have not been addressed in the previous draft.

He urged the industry to share their recommendations and new ideas in formulating the policy in order to make India's supply chain more resilient and responsive to disasters and emergencies.

Agarwal said that focus is on integrated development of logistics sector so that different players can be brought on the same platform.

'There is a need to develop national logistics that is fully integrated with global logistics ecosystem. The focus is on connecting the local supply chain with global logistics, he added.

Agarwal, while underlining the 8 mantras for transforming India's logistics sector, said that there is need for standardization, improving quality and promoting excellence in the sector. He also highlighted the importance of digitization that has been further underscored by COVID-19 pandemic and the need for skilling human resources, improving quality of work and professionalism in the sector.

'The Special Secretary said that there was a need for optimal utilization of logistics. The emphasis is on making the overall logistics sector more innovative, resilient, and sustainable,' said Agarwal.

He further added that focus is on green logistics as it will bring in medium and long-term gains for the sector.

NDTV Profit |

Industry body FICCI warns of massive job losses, calls for package worth 4-5% of GDP

Industry body Federation of Indian Chambers of Commerce and Industry (FICCI) on Monday expressed concerns about large-scale job losses due to the economic distress caused due to the coronavirus pandemic and the resultant lockdown, and urged the government to roll out a stimulus package of Rs 9-10 lakh crore (4 to 5 per cent of GDP). "If we do not help industries (large and small), we will have large-scale job losses which will contract demand significantly and will lead to further pressure on the utilisation of businesses and their liquidity," FICCI President Sangita Reddy wrote in a letter to Finance Minister Nirmala Sitharaman.

Regarding MSME Sector

In the letter, Ms Reddy also raised the demand of "interest-free and collateral-free" loans to micro, small and medium-scale enterprises for a period of 12 months. Various industry and sector-specific bodies have been raising the issue of supporting the smaller enterprises as the government has not yet rolled out any package or scheme specific to them. The letter stated that such a loan would enable the sector to cover fixed costs, salaries and other operational expenses.

"Even if the government was to give Rs one lakh crore of loans to MSME businesses, the cost of interest payment will be Rs 8,000 crore (assuming 8 per cent lending rate), which is 0.04 per cent of the GDP. This loan can be given with pre-conditions that businesses will continue to run and there will be no layoffs of workers," Ms Reddy said in the letter.

Job Losses

The letter also harped upon the potential job losses caused due to the stagnant economy. "If we do not help industries (large and small), we will have large-scale job losses, which will contract demand significantly and will lead to further pressure on the utilisation of businesses and their liquidity," the letter stated.

Liquidity

Ms Reddy, in the letter, said the problem is largely that of liquidity and immediate release of money stuck in refunds and other government payments, to the tune of Rs 2.5 lakh crore, will immensely help the situation.

"A COVID liquidity bridge may be created to support restructuring and additional loan requirement of large companies whose balance sheets have got impaired due to COVID. This will have a huge positive impact on the entire supply chain of these companies, including many small and mid-sized vendors, which otherwise may not survive the current crisis," she said.

Infrastructure

Ms Reddy also said there is a need to accelerate infrastructure spend of Rs 1.7 lakh crore already allocated in the Budget to provide immediate impetus to the economy. A significant amount of this money can go towards low-cost housing and road construction.

"Linkage of Pradhan Mantri Gram Sadak Yojana and low-cost housing construction with MNREGA workers will have a multiplier effect on the economy by putting money in the hands of people and energising 200-odd sectors related to construction. This will give significant impetus to growth," the letter added.

India TV |

Recycle industry at verge of bankruptcy as shipments stuck at ports, charges build up

Once-booming material recycling industry has come to a standstill after the lockdown, bringing thousands of traders to the brink of bankruptcy as they face mounting levies from shipping liners and freight stations for stuck containers despite the government giving waivers, an industry body said.

Around 2.5 lakh containers containing imported scrap are lying at various ports of the country waiting for clearances ever since the lockdown began, says material recycle producers body MRAI.

The industry that gives direct and indirect employment to 25 lakh people, is staring at a huge financial crisis with dimming hopes of a revival from coronavirus-induced lockdown, it said.

A Gujarat-based trader who did not wish to be named said around 100 containers of scrap metal imported by him are lying at Gujarat's Mundra Port for want of clearances due to the lockdown imposed to contain the new coronavirus infection.

"My scrap imported from Europe and Singapore is worth about Rs 5 crore and with duties, it comes to Rs 6 crore.

"Now I have been slapped with demands worth Rs 5 lakh per day as charges from the container freight station (CFS) and shipping lines besides lakhs of rupees pertaining to other charges for flouting norms...The situation is such that I along with others are at the brink of bankruptcy," he told PTI over the phone.

About 20 workers and their families dependent on him are staring at starvation, he said.

Sanjay Mehta, the President of Material Recycling Association of India (MRAI), told PTI that about 10,000 recycling units in the country sustaining the livelihood of 25 lakh people directly or indirectly are at the verge of closure despite relief measures announced by the government.

The government issued an order for the waiver of rent and other charges but shipping lines and container freight stations (CFS) are openly flouting the order, Mehta alleged.

He cautioned that if the government failed to take immediate steps this would result in huge NPAs to banks.

Around 25 lakh people are dependent on the recycling industry based on paper, steel, aluminium, copper, brass, zinc and lead imported as scrap, Mehta said.

"About 2.5 lakh containers are lying at India's ports for clearances...In the extraordinary situation, delays are happening in procuring papers from banks, courier and other formalities but the shipping lines and CFS have refused to waive levies despite clear-cut orders from the Ministry of Finance and the Ministry of Shipping.

"The government orders are being flouted and huge levies are being charged but everyone has turned a blind eye to our problems."

MRAI represents recycling material producers of metal and paper in the country. While the CFS is governed by the Ministry of Finance, ICDs are governed by the Ministry of Shipping.

Mehta said that the body has been continuously demanding the government's intervention ever since the lockdown was announced, and India's 10,000 MSMEs dependent on scrap will die if no relief would be announced.

"The situation has worsened now...importers and traders had made full payment to the suppliers in the UK, the US, Australia, Singapore etc as there was no ban on shipments...But here the government is not able to get its orders implemented about waiver of charges," he said.

According to a letter from Commissioner of Customs (General) to Container Freight Station asking them to strictly implement Shipping Ministry order for a waiver of charges, rent etc, about 33,000 containers are lying at Jawahar Lal Nehru Port Trust only.

Industry body FICCI also sought Shipping Ministry's attention towards non-compliance of official orders by shipping lines and port terminals for waiving charges but to no avail.

"If these orders are not strictly implemented by CFSs, then it is estimated, that this might lead to NPA of Rs 2 lakh crore and a direct job loss of 20 lakh low-strata people working in recycling and secondary sectors," the MRAI has said in a letter to the government.

Noting a drop in export-import (EXIM) cargo due to supply chain disruptions on account of the COVID-19 pandemic, the government last month asked

India's all 12 major ports to defer the lease rentals and licence fees-related charges for April, May and June besides waiving rentals in proportion to the cargo drop and not to levy penalties.

In a letter, the shipping ministry asked the ports to provide relief in the form of exemptions/ remission of charges to the shipping liners, exporters, importers, logistics providers and other stakeholders hit by the coronavirus outbreak.

The MRAI also said if no intervention is made Indian importers will lose "more than Rs 80,000 crore in detention/demurrage charges to the lines which are foreign entities."

Queries sent to Jawaharlal Nehru Port Trust (JNPT) Chairman Sanjay Sethi and Mumbai Port Chairman Sanjay Bhatia remained unanswered.

JNPT is India’s largest container port, handling more than half of the container cargo across all major ports in India.

Queries sent to Shipping Ministry officials too remained unanswered.

Republic Bharat |

Nitin Gadkari sets Road Construction target for next two years; Gives Ballpark

Union Minister Nitin Gadkari on Thursday held a meeting via video conferencing with the members of SIAM Institute on the impact of COVID-19 on the auto sector. He also said his ministry has set the road construction target at Rs 15 lakh crore for the next two years.

In the meeting, the members expressed concerns regarding various challenges being faced by the industry amid COVID-19 pandemic along with few suggestions and requested support from the government to keep the sector afloat, read an official statement. Gadkari responded to the questions from representatives and assured all possible help from the government. He informed that he would take up the issues at the appropriate level in the government and other departments.

Gadkari suggested them to focus on enhancing liquidity in business, as ups and downs are common. He added that one needs to plan for bad times while working for growth. He also said that the industry should focus more on innovation, technology, and research skill to become competitive in the global market.

The Union Minister informed that he has set a target of constructing roads worth Rs 15 lakh crore in the next two years. He said that his ministry is working overtime to clear all arbitration cases with concessionaires.

‘Create economic clusters outside cities’

The Union Minister had earlier emphasized the need to create economic and industrial clusters outside the big cities in order to drive growth. He said India should lessen the burden of big cities such as Gurugram, Delhi, and Mumbai as economic drivers of the country.

Nitin Gadkari said currently, the construction of 22 expressways is underway, at a fast pace. The Delhi-Mumbai Expressway is one of them which opens an opportunity for investment in IT Parks, logistics, and industrial units.

Since the lockdown came into force, Gadkari has spoken to representatives of Ficci, Assocham, CREDAI, and leaders of other business organisations. According to ministry officials, he has reached out to at least 10,000 industry leaders during the lockdown period and has discussed ways to revive the economy post lockdown.

Live Mint |

Large foreign ships avoid Indian ports due to congestion

Large foreign ships carrying container cargoes are avoiding congested Indian ports due to difficulties in loading and unloading goods, which is likely to affect the flow of material across sectors, said industry executives.

The ports are, however, preparing for a phased exit from the lockdown, as the Centre relaxes measures to kick start economic activity.

The congestion is because many importers are not willing to move cargo from ports due to low consumer demand, besides shortage of trucking capacity. The waiver of demurrage - charge payable for storage - by the government, which was meant to provide relief to the industry during the lockdown, are being misused, they said.

About $1 billion of imported machinery, spares and steel are stuck at foreign and Indian ports, said Capt B.V.J.K. Sharma, chairman, shipping, FICCI Infrastructure Committee. “People are getting free storage and are not willing to move their cargo. Generally, goods in transit area stays for 3-4 days, but cargoes are now lying for 45-50 days," he said.

Sharma said choking port operations and deterring foreign ships because of longer waiting time entails higher costs. Typically, low-value goods are not being picked up by the importers.

Foreign ships also have to contend with the possibility of the crew being quarantined if the sailing time from the last port was less than two weeks, and the vessel comes from a covid-hit country. Typically, large container ships travel through several ports to ensure commercial viability.

Container ship operators have been carrying a record 13% less cargo to capacity over the past month, as curbs have battered trade demand.

Shipping lines have withdrawn vessels with a capacity totalling about 3 million containers to conserve cash and maintain freight rates.

Steve Felder, managing director, Maersk South Asia, said there were challenges to the logistics ecosystem, such as an acute shortage of truck drivers and labourers at Indian ports. “We are trying to mitigate these obstacles through options available, one such being moving as much cargo as possible from road to rail."

“However, congestion at some ports is constantly rising due to lack of evacuation of imported cargo and thus clogging the entire ecosystem. This means that there is no space for export cargo to enter the ports. Therefore, in some cases, it is forcing our vessels to skip certain ports as the vessel can neither discharge import cargo nor load export cargo," he added.

Shipping ministry officials said the situation on the ground was improving and ports are not too congested at the moment. For instance, only 54% of the space is being used at Jawaharlal Nehru Port Trust, with the remaining area being vacant, an official said, requesting anonymity.

Hellenic shipping News |

Indian ports working at 70-80% capacity

Mansukh Mandaviya, Minister of State (IC) for Shipping, Govt of India, today assured the industry for the necessary support from the government and urged the maritime industry to turn the COVID-19 crisis into an opportunity.

Addressing an interactive session with industry stakeholders via webinar organized by FICCI, Mandaviya said that the maritime associations along with FICCI should jointly prepare a comprehensive strategy and mechanism for the ministry to take decisive action. He further highlighted that currently the Indian ports are working at 70-80% capacity but transportation of bulk cargo via road transport is still a concern which the government is working to resolve.

SME Times |

Industry must turn Corona crisis into opportunity: Minister

Minister of State for Shipping Mansukh Mandaviya recently assured the industry for the necessary support from the government and urged the maritime industry to turn the COVID-19 crisis into an opportunity.

Addressing an interactive session with industry stakeholders via webinar organized by FICCI, Mr Mandaviya said that the maritime associations along with FICCI should jointly prepare a comprehensive strategy and mechanism for the ministry to take decisive action.

"We are ready to help but it is the Industry that has to turn the crisis into opportunity. Industry should come forward with plans and government will provide necessary support. I want ship building industry not just to survive but also make considerable progress," said Mr Mandaviya.

He further highlighted that currently the Indian ports are working at 70-80 percent capacity but transportation of bulk cargo via road transport is still a concern which the government is working to resolve. "Port is ready to work at full capacity, but the concern for CSF, ICD might continue for some more time but they will be solved soon," added Mandaviya.

The Minister said that the government is giving thrust to Indian ship building and increasing Indian fleet size. He also urged the industry to come forward in developing a detailed strategy for this. Highlighting the steps taken by the government during the lockdown, Mr Mandaviya assured that government will continue to ensure proper functioning of the ports, identifying and solving the bottlenecks and providing necessary support to the industry.

Further, while applauding the decision making at the government, Capt BVJK Sharma, Chairman- Shipping, FICCI National Committee on Infrastructure and Director-Ports (CEO Office), Adani Ports & SEZ Ltd highlighted that many recommendations submitted by FICCI have been accepted by the government. "We would like to thank the government for a very pro-active role in ensuring smooth running of port and shipping operations during the current crisis," he added.

The webinar saw active participation of key stakeholders from shipping lines, port and terminal operators, supply chain and logistics, Inland waterways, ship owners, manufacturers/repairs, freight forwarders, shipyard owners, vessel manufacturers and operators, custom agents amongst others.

Business Standard |

Indian Ports working at 70-80% capacity

Mansukh Mandaviya, Minister of State (IC) for Shipping, Govt of India, today assured the industry for the necessary support from the government and urged the maritime industry to turn the COVID-19 crisis into an opportunity.

Addressing an interactive session with industry stakeholders via webinar organized by FICCI, Mandaviya said that the maritime associations along with FICCI should jointly prepare a comprehensive strategy and mechanism for the ministry to take decisive action. He further highlighted that currently the Indian ports are working at 70-80% capacity but transportation of bulk cargo via road transport is still a concern which the government is working to resolve.

Outlook |

Industry must turn crisis into opportunity, govt to provide support: Mandaviya

Asking the industry to turn the COVID-19 crisis into an opportunity, Union minister Mansukh Mandaviya on Friday assured stakeholders of necessary support from the government.

Addressing an interactive session with industry stakeholders via a webinar organized by industry body FICCI, Shipping Minister Mandaviya said the maritime associations along with FICCI should jointly prepare a comprehensive strategy and mechanism for the ministry to take decisive action.

"We are ready to help but it is the Industry that has to turn the crisis into opportunity. Industry should come forward with plans and government will provide necessary support. I want ship building industry not just to survive but also make considerable progress," said Mandaviya.

He further said that currently Indian ports are working at 70-80 per cent capacity but transportation of bulk cargo via road transport is still a concern, which the government is working to resolve.

The minister said the government is giving thrust to Indian shipbuilding and increasing the fleet size. He also urged the industry to come forward for developing a detailed strategy for this.

Mandaviya said the government will continue to ensure proper functioning of the ports, identify and solve the bottlenecks and provide necessary support to the industry.

PSU Watch |

Shipping industry must turn COVID-19 crisis into opportunity: Mandaviya

Mansukh Mandaviya, Minister of State for Shipping, assured the industry the necessary support from the government on Friday and urged the maritime industry to turn the COVID-19 crisis into an opportunity.

Addressing an interactive session with industry stakeholders via a webinar organised by FICCI, Mandaviya said that the maritime associations, along with FICCI, should jointly prepare a comprehensive strategy and mechanism for the ministry to take decisive action.

'Govt ready to help shipping industry turn COVID-19 crisis into opportunity'

“We are ready to help but it is the industry that has to turn the crisis into an opportunity. The industry should come forward with plans and government will provide necessary support. I want the ship building industry not just to survive but also make considerable progress,” said Mandaviya.

He said that currently Indian ports are working at 70-80 percent capacity but transportation of bulk cargo via road transport is still a concern which the government is working to resolve. “Port is ready to work at full capacity, but the concern for CSF, ICD might continue for some more time but they will be solved soon,” added Mandaviya.

'Govt giving thrust to Indian shipbuilding'

The minister said that the government is giving thrust to Indian shipbuilding and increasing Indian fleet size. He also urged the industry to come forward in developing a detailed strategy for this. Highlighting the steps taken by the government during the lockdown, Mandaviya assured that the government will continue to ensure proper functioning of the ports, identifying and solving the bottlenecks and providing necessary support to the industry.

Further, while applauding the decision-making at the government, Capt BVJK Sharma, Chairman- Shipping, FICCI National Committee on Infrastructure and Director-Ports (CEO Office), Adani Ports & SEZ Ltd, said that many recommendations submitted by FICCI have been accepted by the government. “We would like to thank the government for a very pro-active role in ensuring smooth running of port and shipping operations during the current crisis,” he added.

Orissa Diary |

Indian industry must turn the crisis into opportunity, Govt will provide necessary support: Mansukh Mandaviya

Mr Mansukh Mandaviya, Minister of State (IC) for Shipping, Govt of India, today assured the industry for the necessary support from the government and urged the maritime industry to turn the COVID-19 crisis into an opportunity.

Addressing an interactive session with industry stakeholders via webinar organized by FICCI, Mr Mandaviya said that the maritime associations along with FICCI should jointly prepare a comprehensive strategy and mechanism for the ministry to take decisive action.

“We are ready to help but it is the Industry that has to turn the crisis into opportunity. Industry should come forward with plans and government will provide necessary support. I want ship building industry not just to survive but also make considerable progress,” said Mr Mandaviya.

He further highlighted that currently the Indian ports are working at 70-80 percent capacity but transportation of bulk cargo via road transport is still a concern which the government is working to resolve. “Port is ready to work at full capacity, but the concern for CSF, ICD might continue for some more time but they will be solved soon,” added Mr Mandaviya.

The Minister said that the government is giving thrust to Indian ship building and increasing Indian fleet size. He also urged the industry to come forward in developing a detailed strategy for this. Highlighting the steps taken by the government during the lockdown, Mr Mandaviya assured that government will continue to ensure proper functioning of the ports, identifying and solving the bottlenecks and providing necessary support to the industry.

Further, while applauding the decision making at the government, Capt BVJK Sharma, Chairman- Shipping, FICCI National Committee on Infrastructure and Director-Ports (CEO Office), Adani Ports & SEZ Ltd highlighted that many recommendations submitted by FICCI have been accepted by the government. “We would like to thank the government for a very pro-active role in ensuring smooth running of port and shipping operations during the current crisis,” he added.

The webinar saw active participation of key stakeholders from shipping lines, port and terminal operators, supply chain and logistics, Inland waterways, ship owners, manufacturers/repairs, freight forwarders, shipyard owners, vessel manufacturers and operators, custom agents amongst others.

5Dariya News |

Mansukh Mandaviya interacts with Indian Maritime Sector representatives

Union Minister of State for Shipping (I/C) Mansukh Mandaviya interacted with the representative of Maritime industry of India through video conferencing today.


The objective of the interaction was to discuss and prepare for meeting the post –COVID019 challenges with Business continuity strategies.

Industry leaders appreciated the proactive and timely interventions of the Ministry of Shipping in this critical time and ensuring smooth running of the ports. They also lauded many reliefs and extensions granted to the industry which inter-alia included not charging any port charges, demurrages, penalties for the lockdown period as it has proven to be great relief for the industries at large.

Interaction with industry leaders provided the quick overview for the covid-19 situation in the maritime sector. Stakeholders highlighted the challenges like supply chain issues- the movement of cargo and trucks, requested the policy interventions. They also made suggestions for increasing the Coastal Shipping and increasing the India's share in global shipbuilding.

Shri Mansukh Mandaviya assured the Maritime sector industry stakeholders that the Indian Ports are ready in the full capacity to start the operation as usual but there are a few challenges due to COVID-19 which will be solved with policy decisions and their sincere implementation. Shri Mandaviya requested industry leaders to convert this COVID-19 into opportunity by charting out new strategies in the maritime sector. He told the stakeholders that the Ministry of Shipping is working continuously and tirelessly to ease out the problems. He requested for the suggestions so that the ports and industries in this COVID-19 situation could flourish.

Stakeholders and representatives of the Shipping Lines, Ports and Terminal operators, Inland waterways, Supply chain logistics, Ship owners, Vessel manufacturers and owners, custom agents participated in the video conference organised by the FICCI.

Devdiscourse |

Industry must turn crisis into opportunity, govt to provide support: Mandaviya

Asking the industry to turn the COVID-19 crisis into an opportunity, Union minister Mansukh Mandaviya on Friday assured stakeholders of necessary support from the government. Addressing an interactive session with industry stakeholders via a webinar organized by industry body FICCI, Shipping Minister Mandaviya said the maritime associations along with FICCI should jointly prepare a comprehensive strategy and mechanism for the ministry to take decisive action. "We are ready to help but it is the Industry that has to turn the crisis into opportunity. Industry should come forward with plans and government will provide necessary support. I want ship building industry not just to survive but also make considerable progress," said Mandaviya. He further said that currently Indian ports are working at 70-80 per cent capacity but transportation of bulk cargo via road transport is still a concern, which the government is working to resolve. The minister said the government is giving thrust to Indian shipbuilding and increasing the fleet size. He also urged the industry to come forward for developing a detailed strategy for this. Mandaviya said the government will continue to ensure proper functioning of the ports, identify and solve the bottlenecks and provide necessary support to the industry.

Yahoo News |

Industry must turn crisis into opportunity, govt to provide support: Mandaviya

Asking the industry to turn the COVID-19 crisis into an opportunity, Union minister Mansukh Mandaviya on Friday assured stakeholders of necessary support from the government.

Addressing an interactive session with industry stakeholders via a webinar organized by industry body FICCI, Shipping Minister Mandaviya said the maritime associations along with FICCI should jointly prepare a comprehensive strategy and mechanism for the ministry to take decisive action.

'We are ready to help but it is the Industry that has to turn the crisis into opportunity. Industry should come forward with plans and government will provide necessary support. I want ship building industry not just to survive but also make considerable progress,' said Mandaviya.

He further said that currently Indian ports are working at 70-80 per cent capacity but transportation of bulk cargo via road transport is still a concern, which the government is working to resolve.

The minister said the government is giving thrust to Indian shipbuilding and increasing the fleet size. He also urged the industry to come forward for developing a detailed strategy for this.

Mandaviya said the government will continue to ensure proper functioning of the ports, identify and solve the bottlenecks and provide necessary support to the industry.

Latest LY |

Industry must turn Crisis into opportunity, govt to provide support: Mandaviya

Asking the industry to turn the COVID-19 crisis into an opportunity, Union minister Mansukh Mandaviya on Friday assured stakeholders of necessary support from the government.

Addressing an interactive session with industry stakeholders via a webinar organized by industry body FICCI, Shipping Minister Mandaviya said the maritime associations along with FICCI should jointly prepare a comprehensive strategy and mechanism for the ministry to take decisive action.

"We are ready to help but it is the Industry that has to turn the crisis into opportunity. Industry should come forward with plans and government will provide necessary support. I want ship building industry not just to survive but also make considerable progress," said Mandaviya.

He further said that currently Indian ports are working at 70-80 per cent capacity but transportation of bulk cargo via road transport is still a concern, which the government is working to resolve.

The minister said the government is giving thrust to Indian shipbuilding and increasing the fleet size. He also urged the industry to come forward for developing a detailed strategy for this.

Mandaviya said the government will continue to ensure proper functioning of the ports, identify and solve the bottlenecks and provide necessary support to the industry.

Hindustan Times |

Convert crisis into opportunity, accelerate infra projects during lockdown: Gadkari

India should convert the Covid-19 crisis into an opportunity, accelerate infrastructure projects and win the war against the Coronavirus to achieve economic growth, union minister for road transport and MSMEs Nitin Gadkari said on Tuesday.

“Indian industry should look at the current situation as a blessing in disguise and aim towards improving its export potential,” Gadkari said in a discussion with members of FICCI via video conference.

The micro, small and medium enterprises (MSME) minister also told industry officials to clear pending dues owed by them to units to ease distress in the sector and inject liquidity into the market.

Ensuring liquidity in the market is key during the crisis and to ensure this, the National Highways Authority of India (NHAI) has started settling all pending claims and arbitration, he said.

The ministry has a definitive plan to clear all legitimate claims within three months, he said. “Time taken in reaching decisions should be kept at the minimum possible to avoid delays. For this purpose, I have requested all chairmen of such bodies to work till 7pm everyday instead of 5pm at present,” he added.

Referring to the importance of liquidity in markets, he said his ministry is striving to increase credit guarantee for MSMEs to ₹5 lakh crore from ₹1 lakh crore at present, wherein 75% of advances granted by financial institutions are under the government’s credit guarantee scheme.

MSMEs contribute 29% of the country’s GDP, Gadkari noted. “The government’s endeavour was to protect MSMEs from the coronavirus-induced crisis. We have decided to raise (turnover) limits for MSMEs. I would like to request you, major industries also have huge outstanding dues of MSMEs,” he said.

“We were earlier considering framing a law entailing stringent rules regarding such payments. However, now is not the right time for this. We do not wish to go down that road. An order to this effect should hopefully be out in eight to 10 days, which will naturally enhance their coverage,” he added.

Gadkari informed the industry that RBI has allowed rescheduling of term loans and working capital facilities. He called on the industry sector to work in tandem with the government and banking sector.

Construction of highways, which witnessed record growth during 2019-20, should increase pace by two to three times in the coming years to meet growing needs for infrastructure, Gadkari said. The ministry plans to go ahead with critical projects during the lockdown.

“We have spoken to the Uttarakhand government for starting work on the Char Dham Expressway National Highway project. Necessary precautions of social distancing etc will be taken for the construction,” he said.

To kick-start recovery for the road sector, the ministry is open to re-starting projects at different locations on the condition that adequate measures are put in place to prevent the spread of the Coronavirus, he added.

DD News |

Union Minister Nitin Gadkari assures the government's full cooperation to industry in restarting enterprises after the lockdown

Interacting with FICCI representatives on a web based seminar today, the Minister informed them about the various financial decisions taken by the government in this direction.

Union Minister Nitin Gadkari informed that RBI has allowed rescheduling of term loans and working capital facilities.

Speaking about the Micro, Small and Medium Enterprises, Union Minister said that Government is aware of their difficulties and realises their importance to the economy.

Talking about the importance of liquidity in the market, the Minister informed that he is striving to increase credit gaurantee to MSMEs to Rs Five lakh crore from the present level of about Rs one lakh crore wherein 75per cent of the advances granted by financial institutions are gauranteed by the under the Credit Gauranttee Scheme of the Govt.

The Union Minister also assured that the issues raised by the industry especially by MSMEs will be taken up discussed with relevant Ministries and Departments.

Dwelliing upon Road Sector, the minister said, the Highways construction which saw reaching record level in 2019-20, should increase pace by 2-3 times in coming years to meet growing needs of the infrastructure sector.

The Minister also said that India should convert this crisis into an opportunity, accelerate infrastructure projects and win this war against corona to achieve economic growth.

Union Minister added that bringing in Liquidity in the market is key at this time of crisis and to ensure that, NHAI has already started the process of settling all the pending claims and arbitration. The ministry had definitive plan to clear all legitimate claims more or less within 3 months.

Talking about the doubling the pace of road and highway construction for FY 20-21, Union Minister Nitin Gadkari mentioned that the ministry is working on a war footing and is committed to fight this battle and emerge victorious.

To kick start the path to recovery for Road sector, the ministry is open to re-start projects at various locations with the condition that adequate measures will be taken taken for safeguard against the spread of coronavirus.

Devdiscourse |

RBI allows rescheduling of term loans, working capital facilities: Gadkari

Union Minister for Road Transport & Highways and MSMEs Shri Nitin Gadkari has assured the industry of full cooperation from the government in restarting their enterprises after the lockdown is lifted post-COVID-19. Interacting with FICCI representatives on a web-based seminar today, the Minister informed them about the various financial decisions taken by the government in this direction.

Shri Gadkari informed us that RBI has allowed rescheduling of term loans and working capital facilities.

Speaking about the Micro, Small and Medium Enterprises, Shri Gadkari said that Government is aware of their difficulties and realizes their importance to the economy. He called upon the industry sector to work in tandem with Government and the banking sector. He stressed that all sectors remaining strong is in the interest of each one of them. Talking about the importance of liquidity in the market, the Minister informed that he is striving to increase credit guarantee to MSMEs to Rs Five lakh crore from the present level of about Rs one lakh crore wherein 75per cent of the advances granted by financial institutions are guaranteed by the under the Credit Guarantee Scheme of the Govt. He assured that the issues raised by the industry especially by MSMEs will be taken up discussed with relevant Ministries and Departments.

Shri Nitin Gadkari called upon the industry to look upon the present crisis as a challenge and opportunity especially as some countries are looking to move away from their investments from China, and India can be one of the best options for them.

Dwelling upon Road Sector, he said, the Highways construction which saw reaching a record level in 2019-20, should increase the pace by 2-3 times in the coming years to meet the growing needs of the infrastructure sector. The Minister also informed that time taken in reaching decisions should be kept at the minimum possible to avoid delays. In this direction, he has requested NHAI and its arbitration units to decide matters within 3 months. He said, for this purpose, he has requested all chairmen of such bodies to work till 7 pm every day instead of 5 pm at present. The Minister said they have already started to the dodo, resulting in a resolution of 280 matters within a short time.

The Minister said that India should convert this crisis into an opportunity, accelerate infrastructure projects and win this war against corona to achieve economic growth. He said the Indian industry should look at the current situation as a blessing in disguise and aim towards improving its export potential. He added that bringing in Liquidity in the market is key at this time of crisis and to ensure that, NHAI has already started the process of settling all the pending claims and arbitration. The ministry had a definitive plan to clear all legitimate claims more or less within 3 months.

Talking about the doubling the pace of road and highway construction for FY 20-21, Shri Gadkari mentioned that his ministry is working on a war footing and is committed to fight this battle and emerge victoriously. To kick start the path to recovery for the Road sector, the ministry is open to re-start projects at various locations with the condition that adequate measures will be taken to safeguard against the spread of coronavirus.

The Hindu |

Chambers in talks for more overseas liners connecting Beypore Port

Responding to the demand of major importers in Kerala, the Federation of the Indian Chamber of Commerce and the Associated Chambers of Commerce and Industry of India (ASSOCHAM) are likely to approach prominent multi-national cargo vessel operators to seek their support in improving the cargo movement through the Beypore Port.

A national council member for ports and infrastructure under the two prominent business chambers said a concept note on the Beypore Port highlighting the possibilities in exploring its facilities for low-cost cargo movement would be prepared soon for the consideration of such international liners.

Some of the overseas vessel operators connecting Khor Fakhan and Kalba Ports in Sharjah and the Sharjah Free Zone authorities have already expressed their interest in checking out the possibilities and the concept note would be submitted soon for their consideration, he said.

The chamber leadership is likely to place a request before the operators to start services connecting the international ports in Dubai, China and Indonesia with Beypore.

Giving fresh energy to the demand, one of the prominent liners has come up with an agreement in principle to take goods from China and deliver them at the Beypore Port. Demand is also rife to ensure better connectivity between various prominent ports in Gujarat and Kerala.

Chamber functionaries said the request would also be submitted to top officials under the Ministry of Shipping to ensure better cooperation of the overseas liner operators.

Similarly, the cooperation of the Kerala Maritime Board (KMB) would be sought to take forward the demand and clear the ground for an easy operation, they said.

The Hans India |

Centre to unveil transport policy in a month

The government is planning to come out with a new transport policy, that will focus on innovation and reforms in the country's public transport system and will also have provisions for financial support for such initiatives, Union Minister Nitin Gadkari said on Thursday.

The minister also urged State Transport Corporations to switch to alternative fuels like CNG, LNG and bio-fuel like ethanol to save costs and reduce India's dependence on crude import which amounts to a massive Rs 7 lakh crore per annum.

"Within a month, a new transport policy will be declared. We will promote new innovations and research and there will be provisions for financial support to players who want to bring new technology and innovation," Gadkari said at International Conference and Exhibition on Public Transport Innovation 2020 at Manekshaw Centre here.

The Road Transport, Highways and MSME Minister said, the policy is being designed in such a fashion that it will focus on innovation and reforms and all obstacles on the way have already been removed.

"All clearances will be there for those showing innovation and research," he said and called upon State Road Transport Corporations to switch to alternative fuels for change in cost dynamics and promoting pollution free transport.

"Fuel change results in cost economics change," the minister said adding diesel buses can be converted into CNG-powered buses with a cost of barely Rs 3 lakh.

"CNG can be used for school buses and city buses while LNG can be used for long-route buses. Conversion of diesel buses into LNG costs Rs 8 lakh," he said.

He further said that "corporations should use alternative fuel instead of diesel. Using LNG will result in savings to the tune of 60 per cent. The life of diesel buses is 9 years and CNG buses is 15 years. Public transport buses in India need to be developed on the pattern of European countries."

Devdiscourse |

Central willing to extend support to state transport agencies: Gadkari

Mr. Nitin Gadkari, Minister for Road Transport & Highways and MSMEs, today said that the government will come out with a new transport policy, which will transform the transportation sector, within a month.

Speaking at the 3rd edition of 'International Conference and Exhibition on Public Transport Innovation 2020', organized by FICCI and Association of State Road Transport Undertakings, Mr. Gadkari invited the corporate sector to share the suggestions to transform the sector. "I assure you that within a month we will declare a new transport policy."

The Minister added that the state public transport agencies have been making losses except for some states in the south and west. The central government is willing to extend all kinds of support to the state transport agencies including sourcing finance from foreign agencies subject to the condition that all are willing to undergo a major transformation.

Mr. Gadkari also suggested the states to shift from diesel to LNG as 'LNG is the fuel for future' and as compared to diesel, LNG use results in a saving of 60 percent.

"We will financially support new innovations and research in the sector. I will also ask the automobile manufacturers to bring in new technologies like the electric mobility card, which is used instead of purchasing a ticket for a bus ride. We can save much both in diesel and tickets," said Mr. Gadkari.

Mr. Dilip Chenoy, Secretary-General, FICCI, thanked the Minister for his thoughts on capital raising, sustainability, and profitability including the use of alternative fuels and transforming the public transport system.

"Now the stakeholders need to take up projects and make investments, and jointly transform the sector," said Mr. Chenoy.

Orissadiary.com |

New transport policy within a month: Nitin Gadkari

Mr Nitin Gadkari, Minister for Road Transport & Highways and MSMEs, today said that the government will come out with a new transport policy, which will transform the transportation sector, within a month.

Speaking at the 3rd edition of ‘International Conference and Exhibition on Public Transport Innovation 2020’, organized by FICCI and Association of State Road Transport Undertakings, Mr Gadkari invited the corporate sector to share the suggestions to transform the sector. “I assure you that within a month we will declare a new transport policy.”

The Minister added that the state public transport agencies have been making losses except for some states in the south and west. The central government is willing to extend all kinds of support to the state transport agencies including sourcing finance from foreign agencies subject to the condition that all are willing to undergo a major transformation.

Mr Gadkari also suggested the states to shift from diesel to LNG as ‘LNG is the fuel for future’ and as compared to diesel, LNG use results in a saving of 60 per cent.

“We will financially support new innovations and research in the sector. I will also ask the automobile manufacturers to bring in new technologies like the electric mobility card, which is used instead of purchasing a ticket for a bus ride. We can save much both in diesel and tickets,” said Mr Gadkari.

Mr Dilip Chenoy, Secretary General, FICCI, thanked the Minister for his thoughts on capital raising, sustainability and profitability including the use of alternative fuels and transforming the public transport system.
“Now the stakeholders need to take up projects and make investments, and jointly transform the sector,” said Mr Chenoy.

Daiji World |

New transport policy in a month: Gadkari

Union Minister for Road Transport and Highways Nitin Gadkari said here on Thursday the new transport policy would be announced within a month.

Speaking at an event, organised by the FICCI and the Association of State Road Transport Undertakings, Gadkari asked corporates to share suggestions to transform the sector. "I assure you within a month we will declare new transport policy," a FICCI statement quoted him as saying.

The state public transport agencies, but for some in South and West, had been making losses, he said and added, the Centre was ready to extend support to them, including sourcing finance from foreign agencies subject to their willingness to undergo a major transformation.

He also suggested states to shift from diesel to LNG.

"We will financially support innovations and research in the sector. I will also ask the automobile manufacturers to bring in new technologies, like the electric mobility card used for a bus ride. We can save much both in diesel and tickets," said Gadkari.

Dilip Chenoy, FICCI Secretary General, said the stakeholders must take up projects and make investments and help in transforming the sector.

Business Insider |

India's road transport and highway minister Gadkari urges industry to cash in on new expressway projects

Union minister Nitin Gadkari on Wednesday urged industry players to cash in on the huge potential that 22 upcoming express highways hold in the areas of alternative fuel, electric highway and charging stations. The Road Transport, Highways and MSME Minister said that projects specially about Rs 1 lakh crore Delhi-Mumbai express highway can offer instant right of way to players interested in setting up LNG stations, electric charging stations or petrol pumps.

Addressing a conference on 'Future Fuels for Transportation' by FICCI, the minister said plans were afoot to set up 2,000 petrol pumps, including LNG.

"We are building 22 new express highways including Delhi-Mumbai Express Highway. Work on seven out of 22 projects have started and these have huge potential for the industry. If players want to come forward, we can offer right of way especially on Delhi-Mumbai Express Highway which we plan to complete within three years," the minister said.

Gadkari said plans are on for an electric highway stretch on Delhi-Mumbai Expressway and the land acquisition for over Rs 1 lakh crore expressway project has been completed.

He said he will be visiting Sweden next month to see E-Highways and welcomed players for investments to convert highways into e-highways.

He also said: "The RBI has assured us that they will allow us to take infrastructure loans for 30 years. So if a bankable project is for 30 years, the loan amount will be raised within 13-18 years. There will be two years moratorium period after completion of project. When after three years, toll collection starts then we will open an escrow account. Specific amount will be deposited in this escrow account."

The minister said at present NHAI has 480 such secure, bankable projects and five more banks are willing to give loans like the SBI gave.

"Depending upon traffic, we will keep depositing money in the escrow account," he said.

He said NHAI 's annual income for the current fiscal will be Rs 40,000 crore and it will reach Rs 1 lakh crore in coming years.

newsd |

New transport policy in a month: Gadkari

Union Minister for Road Transport and Highways Nitin Gadkari said here on Thursday the new transport policy would be announced within a month.

Speaking at an event, organised by the FICCI and the Association of State Road Transport Undertakings, Gadkari asked corporates to share suggestions to transform the sector. “I assure you within a month we will declare new transport policy,” a FICCI statement quoted him as saying.

The state public transport agencies, but for some in South and West, had been making losses, he said and added, the Centre was ready to extend support to them, including sourcing finance from foreign agencies subject to their willingness to undergo a major transformation.

He also suggested states to shift from diesel to LNG.

“We will financially support innovations and research in the sector. I will also ask the automobile manufacturers to bring in new technologies, like the electric mobility card used for a bus ride. We can save much both in diesel and tickets,” said Gadkari.

Dilip Chenoy, FICCI Secretary General, said the stakeholders must take up projects and make investments and help in transforming the sector.

Prokerala |

New transport policy in a month: Gadkari

Union Minister for Road Transport and Highways Nitin Gadkari said here on Thursday the new transport policy would be announced within a month.

Speaking at an event, organised by the FICCI and the Association of State Road Transport Undertakings, Gadkari asked corporates to share suggestions to transform the sector. "I assure you within a month we will declare new transport policy," a FICCI statement quoted him as saying.

The state public transport agencies, but for some in South and West, had been making losses, he said and added, the Centre was ready to extend support to them, including sourcing finance from foreign agencies subject to their willingness to undergo a major transformation.

He also suggested states to shift from diesel to LNG.

"We will financially support innovations and research in the sector. I will also ask the automobile manufacturers to bring in new technologies, like the electric mobility card used for a bus ride. We can save much both in diesel and tickets," said Gadkari.

Dilip Chenoy, FICCI Secretary General, said the stakeholders must take up projects and make investments and help in transforming the sector.

The Times of India |

Convert diesel buses to run on CNG & LNG; cut operational costs, Gadkari tells STCs

Union road transport minister Nitin Gadkari on Thursday suggested state transport corporations convert their buses to run on CNG in place of diesel to reduce the cost of operation and also to put an end to the malpractice of diversion of diesel to the black market.

“Only change of fuel and automation of ticketing system will reduce your loss and you will be able to deliver better and efficient service without even increasing the fare. There can’t be any diversion of CNG and LNG. Diesel ki chori puri tarah se ruk jayega (You will put an end to the diversion of diesel),” the minister said while addressing a conference organised by Association of State Road Transport Undertakings and industry body, FICCI.

He also said a new national transport policy will be out in the next one month and it will focus on innovation and reforms in the country's public transport system. It will also have provisions for financial support for such initiatives by the state transport undertakings, including sourcing finance from foreign agencies subject to their willingness to undergo a major transformation.

“We will financially support innovations and research in the sector. I will also ask the automobile manufacturers to bring in new technologies, like the electric mobility card used for a bus ride. We can save much both in diesel and tickets,” he said.

Business Standard |

Transport Policy in a month; Focus will be on innovation, reforms in public transport: Gadkari

The government is planning to come out with a new transport policy, that will focus on innovation and reforms in the country's public transport system and will also have provisions for financial support for such initiatives, Union Minister Nitin Gadkari said on Thursday.

The minister also urged State Transport Corporations to switch to alternative fuels like CNG, LNG and bio-fuel like ethanol to save costs and reduce India's dependence on crude import which amounts to a massive Rs 7 lakh crore per annum.

"Within a month, a new transport policy will be declared. We will promote new innovations and research and there will be provisions for financial support to players who want to bring new technology and innovation," Gadkari said at International Conference and Exhibition on Public Transport Innovation 2020 at Manekshaw Centre here.

The Road Transport, Highways and MSME Minister said, the policy is being designed in such a fashion that it will focus on innovation and reforms and all obstacles on the way have already been removed.

"All clearances will be there for those showing innovation and research," he said and called upon State Road Transport Corporations to switch to alternative fuels for change in cost dynamics and promoting pollution free transport.

"Fuel change results in cost economics change," the minister said adding diesel buses can be converted into CNG-powered buses with a cost of barely Rs 3 lakh.

"CNG can be used for school buses and city buses while LNG can be used for long-route buses. Conversion of diesel buses into LNG costs Rs 8 lakh," he said.

He further said that "corporations should use alternative fuel instead of diesel. Using LNG will result in savings to the tune of 60 per cent. The life of diesel buses is 9 years and CNG buses is 15 years. Public transport buses in India need to be developed on the pattern of European countries."

He also urged them to come out with electric buses to reduce cost saying that manufactures were working fast in this direction.

"I have not been able to deliver much in public transport space. The condition of the state transport corporations is not good and is specially in a very bad shape in rural areas. ... Fresh capital is needed here. Foreign agency funds among others should be sought. ...There is need for correction," the Minister said.

He also called upon auto-makers to be "quality centric and not cost centric" saying this was one of the reasons people were going for imported buses and cars and added that people are ready to shell out more for quality services.

The minister said that 22 green express highways are on the anvil including Rs one lakh crore Delhi-Mumbai express highway which will be completed in three years time.

He said work on seven out of 22 projects have already started and added that a stretch of it will be developed as the country's first electric highway on pilot basis.

"We are acquiring land on the sides of all new express highways. About 2,000 petrol pumps and gas stations will come up on these and revenue generated will come into the kitty of National Highways Authority of India. We will have Rs 2,000 crore income from these," he said.

Asserting that there is no dearth of funds, the minister said that post FASTag system on national highways for electronic toll collection, the revenue per day has swelled to Rs 87 crore, from Rs 68 crore.

Once the system is implemented totally, NHAI expects Rs 100 crore toll income per day and annual income will swell to Rs 10,000 crore, he said and added that NHAI's annual income from various sources was estimated at Rs 40,000 crore this year which will swell to Rs 1 Lakh crore in coming years.

The minister said that his Ministries in the previous tenure had seen award of work worth Rs 17 lakh crore and this tenure will see award of Rs 15 lakh crore in the highways sector.

Business Today |

New transport policy in a month; to focus on innovation, reforms in public transport: Gadkari

The government is planning to come out with a new transport policy, that will focus on innovation and reforms in the country's public transport system and will also have provisions for financial support for such initiatives, Union Minister Nitin Gadkari said on Thursday. The minister also urged State Transport Corporations to switch to alternative fuels like CNG, LNG and bio-fuel like ethanol to save costs and reduce India''s dependence on crude import which amounts to a massive Rs 7 lakh crore per annum.

"Within a month, a new transport policy will be declared. We will promote new innovations and research and there will be provisions for financial support to players who want to bring new technology and innovation," Gadkari said at International Conference and Exhibition on Public Transport Innovation 2020 at Manekshaw Centre here. The Road Transport, Highways and MSME Minister said, the policy is being designed in such a fashion that it will focus on innovation and reforms and all obstacles on the way have already been removed. "All clearances will be there for those showing innovation and research," he said and called upon State Road Transport Corporations to switch to alternative fuels for change in cost dynamics and promoting pollution free transport.

"Fuel change results in cost economics change," the minister said adding diesel buses can be converted into CNG-powered buses with a cost of barely Rs 3 lakh."CNG can be used for school buses and city buses while LNG can be used for long-route buses. Conversion of diesel buses into LNG costs Rs 8 lakh," he said. He further said that "corporations should use alternative fuel instead of diesel. Using LNG will result in savings to the tune of 60 per cent. The life of diesel buses is 9 years and CNG buses is 15 years. Public transport buses in India need to be developed on the pattern of European countries."

He also urged them to come out with electric buses to reduce cost saying that manufactures were working fast in this direction. "I have not been able to deliver much in public transport space. The condition of the state transport corporations is not good and is specially in a very bad shape in rural areas. ... Fresh capital is needed here. Foreign agency funds among others should be sought. ...There is need for correction," the Minister said. He also called upon auto-makers to be "quality centric and not cost centric" saying this was one of the reasons people were going for imported buses and cars and added that people are ready to shell out more for quality services.

The minister said that 22 green express highways are on the anvil including Rs one lakh crore Delhi-Mumbai express highway which will be completed in three years time. He said work on seven out of 22 projects have already started and added that a stretch of it will be developed as the country''s first electric highway on pilot basis. "We are acquiring land on the sides of all new express highways. About 2,000 petrol pumps and gas stations will come up on these and revenue generated will come into the kitty of National Highways Authority of India. We will have Rs 2,000 crore income from these," he said.

Asserting that there is no dearth of funds, the minister said that post FASTag system on national highways for electronic toll collection, the revenue per day has swelled to Rs 87 crore, from Rs 68 crore. Once the system is implemented totally, NHAI expects Rs 100 crore toll income per day and annual income will swell to Rs 10,000 crore, he said and added that NHAI''s annual income from various sources was estimated at Rs 40,000 crore this year which will swell to Rs 1 Lakh crore in coming years. The minister said that his Ministries in the previous tenure had seen award of work worth Rs 17 lakh crore and this tenure will see award of Rs 15 lakh crore in the highways sector.

Outlook |

New transport policy in a month: Gadkari

Union Minister for Road Transport and Highways Nitin Gadkari said here on Thursday the new transport policy would be announced within a month.

Speaking at an event, organised by the FICCI and the Association of State Road Transport Undertakings, Gadkari asked corporates to share suggestions to transform the sector. "I assure you within a month we will declare new transport policy," a FICCI statement quoted him as saying.

The state public transport agencies, but for some in South and West, had been making losses, he said and added, the Centre was ready to extend support to them, including sourcing finance from foreign agencies subject to their willingness to undergo a major transformation.

He also suggested states to shift from diesel to LNG.

"We will financially support innovations and research in the sector. I will also ask the automobile manufacturers to bring in new technologies, like the electric mobility card used for a bus ride. We can save much both in diesel and tickets," said Gadkari.

Dilip Chenoy, FICCI Secretary General, said the stakeholders must take up projects and make investments and help in transforming the sector.

Market Research Record |

Nitin Gadkari urges industries to money in on New categorical freeway Tasks

Union minister Nitin Gadkari on Wednesday steered trade avid gamers to money in at the massive attainable that 22 upcoming categorical highways grasp within the spaces of different gasoline, electrical freeway and charging stations.

The Street Delivery, Highways and MSME Minister stated that tasks specifically about Rs 1 lakh crore Delhi-Mumbai categorical freeway can be offering rapid proper of technique to avid gamers excited about putting in place LNG stations, electrical charging stations or petrol pumps.

Addressing a convention on ‘Long run Fuels for Transportation’ by way of FICCI, the minister stated plans had been afoot to arrange 2,000 petrol pumps, together with LNG.

We’re construction 22 new categorical highways together with Delhi-Mumbai Categorical Freeway. Paintings on seven out of 22 tasks have began and those have massive attainable for the trade. If avid gamers wish to come ahead, we will be able to be offering proper of approach particularly on Delhi-Mumbai Categorical Freeway which we plan to finish inside of 3 years,” the minister stated.

Gadkari stated plans are on for an electrical freeway stretch on Delhi-Mumbai Limited-access highway and the land acquisition for over Rs 1 lakh crore parkway mission has been finished.

He stated he’s going to be visiting Sweden subsequent month to look E-Highways and welcomed avid gamers for investments to transform highways into e-highways.

He additionally stated: “The RBI has confident us that they’re going to let us take infrastructure loans for 30 years. So if a bankable mission is for 30 years, the mortgage quantity shall be raised inside of 13-18 years. There shall be two years moratorium duration after of completion of mission. When after 3 years, toll assortment begins then we will be able to open an escrow account. Certain quantity shall be deposited on this escrow account.”

The minister stated at this time NHAI has 480 such safe, bankable tasks and 5 extra banks are keen to provide loans just like the SBI gave.

“Relying upon site visitors, we will be able to stay depositing cash within the escrow account, he stated.

He stated NHAI ‘s annual source of revenue for the present fiscal shall be Rs 40,000 crore and it’s going to succeed in Rs 1 lakh crore in coming years.

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Market Research Publicist |

Nitin Gadkari recommends industry to cash in on forthcoming 22 expressway jobs

Union minister Nitin Gadkari on Wednesday encouraged industry players to cash in on the enormous possibility that 22 forthcoming state highways maintain the fields of alternative gas, electrical highway and charging channels.

The Road Transport, Highways and MSME Minister reported that jobs specially around Rs 1 trillion Delhi-Mumbai state highway can provide immediate right of way to gamers considering setting up LNG channels, electrical charging stations or gasoline pumps.

Addressing a seminar on’Future Fuels for Transportation’ from FICCI, the ministry said plans were afoot to install two,000 gas pumps, such as LNG.

We’re constructing 22 new state highways such as Delhi-Mumbai Express Highway. Work out of 22 jobs have begun and those have enormous potential for the business. If players wish to come ahead, we could provide right of way notably on Delhi-Mumbai Express Highway that we intend to finish within three decades,” the ministry stated.

Gadkari said plans are searching for an electrical street stretch on Delhi-Mumbai Expressway along with the property acquisition for more than $ 1 lakh crore expressway job was finished.

He said he is going to be seeing Sweden next month to observe E-Highways and welcomed players for investments to convert highways to e-highways.

In addition, he explained:”The RBI has ensured us that they will permit us to take infrastructure loans 30 years. If a bankable job is for 30 years, then the amount of the loan will be increased within 13-18 years. There’ll be just two years moratorium interval after completion of job. After three decades, toll collection begins then we’ll open an escrow accounts. Specific sum will be deposited in this account.”

The Union stated today NHAI has 480 for example stable, bankable projects and five banks are prepared to give loans such as the SBI gave.

“Depending upon visitors, we’ll keep depositing cash in the escrow accounts, he explained.

He explained NHAI’s yearly earnings for the current fiscal will be Rs 40,000 crore and it’ll reach $ 1 trillion in the next few years.

Odishatv.in |

New Transport Policy In A Month: Union Min Nitin Gadkari

Union Minister for Road Transport and Highways Nitin Gadkari said here on Thursday the new transport policy would be announced within a month.

Speaking at an event, organised by the FICCI and the Association of State Road Transport Undertakings, Gadkari asked corporates to share suggestions to transform the sector. “I assure you within a month we will declare new transport policy,” a FICCI statement quoted him as saying.

The state public transport agencies, but for some in South and West, had been making losses, he said and added, the Centre was ready to extend support to them, including sourcing finance from foreign agencies subject to their willingness to undergo a major transformation.

He also suggested states to shift from diesel to LNG.

“We will financially support innovations and research in the sector. I will also ask the automobile manufacturers to bring in new technologies, like the electric mobility card used for a bus ride. We can save much both in diesel and tickets,” said Gadkari.

Dilip Chenoy, FICCI Secretary General, said the stakeholders must take up projects and make investments and help in transforming the sector.

The Pioneer |

Gadkari urges industry to cash in on new expressway projects

Union Minister Nitin Gadkari on Wednesday urged industry players to cash in on the huge potential that 22 upcoming express highways hold in the areas of alternative fuel, electric highway and charging stations.

The Road Transport, Highways and MSME Minister said that projects specially about Rs 1 lakh crore Delhi-Mumbai express highway can offer instant right of way to players interested in setting up LNG stations, electric charging stations or petrol pumps.

Addressing a conference on 'Future Fuels for Transportation' by FICCI, the minister said plans were afoot to set up 2,000 petrol pumps, including LNG.

“We are building 22 new express highways including Delhi-Mumbai Express Highway. Work on seven out of 22 projects have started and these have huge potential for the industry. If players want to come forward, we can offer right of way especially on Delhi-Mumbai Express Highway which we plan to complete within three years," the Minister said.

Gadkari said plans are on for an electric highway stretch on Delhi-Mumbai Expressway and the land acquisition for over Rs 1 lakh crore expressway project has been completed. He said he will be visiting Sweden next month to see E-Highways and welcomed players for investments to convert highways into e-highways.

He also said: "The RBI has assured us that they will allow us to take infrastructure loans for 30 years. So if a bankable project is for 30 years, the loan amount will be raised within 13-18 years. There will be two years moratorium period after completion of project. When after three years, toll collection starts then we will open an escrow account. Specific amount will be deposited in this escrow account."

The minister said at present NHAI has 480 such secure, bankable projects and five more banks are willing to give loans like the SBI gave.

"Depending upon traffic, we will keep depositing money in the escrow account,” he said.

He said NHAI 's annual income for the current fiscal will be Rs 40,000 crore and it will reach Rs 1 lakh crore in coming years.

Engergy Infra Post |

2,000 fueling stations on Delhi-Mumbai Expressway, priority to LNG: Nitin Gadkari

LNG is the fuel for the future and the cost economics compared with diesel works to a saving of at least 50-60 per cent,” Gadkari said while speaking at the Conference on Future Fuels for Transportation organised by FICCI.

Government plans to soon allot land for 2,000 fueling stations on the Delhi-Mumbai expressway highway, with priority given to Liquefied Natural Gas (LNG) stations, Nitin Gadkari, Minister of Road Transport and Highways said at an event here.

“LNG is the fuel for the future and the cost economics compared with diesel works to a saving of at least 50-60 per cent,” Gadkari said while speaking at the Conference on Future Fuels for Transportation organised by FICCI.

Petronet LNG, India’s largest natural gas importer is in talks with state-owned city gas distribution players like Indraprastha Gas Limited (IGL) and Gujarat State Petroleum Corporation (GSPC) to jointly set-up liquefied natural gas (LNG) pumps in six locations, initially, on the Delhi-Mumbai Expressway, Prabhat Singh, chief executive officer (CEO) had earlier told ETEnergyWorld.

Also, government-owned gas utility GAIL (India) is planning to build 90 LNG stations across the golden quadrilateral, ET reported earlier this month.

Gadkari while speaking at the event said that the country can produce bio aviation fuel in tribal and rural areas and reduce the import burden of the country.

Khabar India |

2,000 Fueling Stations On Delhi-Mumbai Expressway, Priority To LNG: Nitin Gadkari

Government plans to soon allot land for 2,000 fueling stations on the Delhi-Mumbai expressway highway, with priority given to Liquefied Natural Gas (LNG) stations, Nitin Gadkari, Minister of Road Transport and Highways said at an event here.

“LNG is the fuel for the future and the cost economics compared with diesel works to a saving of at least 50-60 per cent,” Gadkari said while speaking at the Conference on Future Fuels for Transportation organised by FICCI. Petronet LNG, India’s largest natural gas importer is in talks with state-owned city gas distribution players like Indraprastha Gas Limited (IGL) and Gujarat State Petroleum Corporation (GSPC) to jointly set-up liquefied natural gas (LNG) pumps in six locations, initially, on the Delhi-Mumbai Expressway, Prabhat Singh, chief executive officer (CEO) had earlier told.

Millennium Post |

Gadkari urges industry to cash in on new expressway projects

Union minister Nitin Gadkari on Wednesday urged industry players to cash in on the huge potential that 22 upcoming express highways hold in the areas of alternative fuel, electric highway and charging stations.

The Road Transport, Highways and MSME Minister said that projects specially about Rs 1 lakh crore Delhi-Mumbai express highway can offer instant right of way to players interested in setting up LNG stations, electric charging stations or petrol pumps.

Addressing a conference on 'Future Fuels for Transportation' by FICCI, the minister said plans were afoot to set up 2,000 petrol pumps, including LNG.

We are building 22 new express highways including Delhi-Mumbai Express Highway. Work on seven out of 22 projects have started and these have huge potential for the industry. If players want to come forward, we can offer right of way especially on Delhi-Mumbai Express Highway which we plan to complete within three years," the minister said.

Gadkari said plans are on for an electric highway stretch on Delhi-Mumbai Expressway and the land acquisition for over Rs 1 lakh crore expressway project has been completed.

He said he will be visiting Sweden next month to see E-Highways and welcomed players for investments to convert highways into e-highways.

He also said: "The RBI has assured us that they will allow us to take infrastructure loans for 30 years. So if a bankable project is for 30 years, the loan amount will be raised within 13-18 years. There will be two years moratorium period after completion of project. When after three years, toll collection starts then we will open an escrow account. Specific amount will be deposited in this escrow account."

The minister said at present NHAI has 480 such secure, bankable projects and five more banks are willing to give loans like the SBI gave.

"Depending upon traffic, we will keep depositing money in the escrow account, he said.

He said NHAI 's annual income for the current fiscal will be Rs 40,000 crore and it will reach Rs 1 lakh crore in coming years.

He also said that mid-career training is likely to be made mandatory for highway engineers for getting promoted to higher levels.

Orissadiary.com |

2,000 fueling stations on Delhi-Mumbai Expressway, priority to LNG: Nitin Gadkari

Mr Nitin Gadkari, Minister of Road Transport and Highways and MSME, Govt of India, today said that the government plans to allot land for 2,000 fueling stations on the Delhi Mumbai express highway and priority would be given to LNG gas stations.

Speaking at ‘Conference on Future Fuels for Transportation’, organised by FICCI, Mr Gadkari said, “LNG is the fuel for future and the cost economics compared with diesel works to a saving of at least 50-60 per cent.”

Mr Gadkari said broad gauge metro, which the Indian Railways has approved, has thrown up a huge opportunity for private players who can invest in rolling stocks for connecting nearby cities like Amritsar to Delhi and districts in backward areas.

“With less than Rs 5 crore (per km) cost you can make this broad gauge metro everywhere in India using the existing network of broad gauge. We can at least start 500-600 projects in the country,” he said, adding the first project will be in Nagpur.

Further, he said that the government wants to convert the proposed 22 Express Highways, seven of which are under construction, and the existing NHAI network into electric highways, and sought investors and appropriate technology for it.

Mr Gadkari also said that the country can produce bio aviation fuel in tribal and rural areas and reduce the import burden that currently is Rs 40,000 crore.

FICCI President Dr Sangita Reddy said that there are growing concerns around the rising oil imports and carbon emissions, and that alternative fuels must be used for a sustainable development.

“India probably will have to go through our own experience cycle of innovation, R&D, testing and identify the best mix of products that suit our requirements. One is likely to see mix use of fuels in rich array of transportation,” she said.

Dr OP Agarwal, Chairman, FICCI Task Force on Future Mobility and CEO, WRI India, said that there is a huge disruption in the transportation sector. Considering the energy security risk facing India, there is an urgent need for alternative fuels.

Mr Palash Roy Chowdhury, Co-Chairman, FICCI Task Force on Future Mobility and CMD, SmartE, said, “If India can put together a world class shared electric mobility ecosystem in the coming years, we can address both issues of vehicular traffic as well as vehicular pollution.”

The conference was well attended by organisations operating in alternative fuel and electric vehicle space and was addressed by senior officials from Maruti, JBM, GAIL Gas, SmartE, Praj, Indian Oil, Indian Institute of Petrology and IIT, Delhi.

Research Columnist |

Gadkari urges trade to money in on new limited-access highway tasks

Union minister Nitin Gadkari on Wednesday recommended trade avid gamers to money in at the large doable that 22 upcoming categorical highways hang within the spaces of other gas, electrical freeway and charging stations.

The Street Delivery, Highways and MSME Minister stated that tasks specifically about Rs 1 lakh crore Delhi-Mumbai categorical freeway can be offering immediate proper of solution to avid gamers thinking about putting in place LNG stations, electrical charging stations or petrol pumps.

Addressing a convention on ‘Long run Fuels for Transportation’ through FICCI, the minister stated plans had been afoot to arrange 2,000 petrol pumps, together with LNG.

“We’re development 22 new categorical highways together with Delhi-Mumbai Specific Freeway. Paintings on seven out of 22 tasks have began and those have large doable for the trade. If avid gamers need to come ahead, we will be offering proper of approach particularly on Delhi-Mumbai Specific Freeway which we plan to finish inside 3 years,” the minister stated.

Gadkari stated plans are on for an electrical freeway stretch on Delhi-Mumbai Throughway and the land acquisition for over Rs 1 lakh crore limited-access highway challenge has been finished.

He stated he’s going to be visiting Sweden subsequent month to look E-Highways and welcomed avid gamers for investments to transform highways into e-highways.

He additionally stated: “The RBI has confident us that they’re going to let us take infrastructure loans for 30 years. So if a bankable challenge is for 30 years, the mortgage quantity can be raised inside 13-18 years. There can be two years moratorium duration after final touch of challenge. When after 3 years, toll assortment begins then we will be able to open an escrow account. Certain amount can be deposited on this escrow account.”

The minister stated at this time NHAI has 480 such protected, bankable tasks and 5 extra banks are keen to provide loans just like the SBI gave.

“Relying upon site visitors, we will be able to stay depositing cash within the escrow account,” he stated.

He stated NHAI ‘s annual source of revenue for the present fiscal can be Rs 40,000 crore and it’s going to achieve Rs 1 lakh crore in coming years.

News18 |

Nitin Gadkari urges industries to cash in on New Express Highway Projects

Union minister Nitin Gadkari on Wednesday urged industry players to cash in on the huge potential that 22 upcoming express highways hold in the areas of alternative fuel, electric highway and charging stations.

The Road Transport, Highways and MSME Minister said that projects specially about Rs 1 lakh crore Delhi-Mumbai express highway can offer instant right of way to players interested in setting up LNG stations, electric charging stations or petrol pumps.

Addressing a conference on 'Future Fuels for Transportation' by FICCI, the minister said plans were afoot to set up 2,000 petrol pumps, including LNG.

We are building 22 new express highways including Delhi-Mumbai Express Highway. Work on seven out of 22 projects have started and these have huge tpotential for the industry. If players want to come forward, we can offer right of way especially on Delhi-Mumbai Express Highway which we plan to complete within three years," the minister said.

Gadkari said plans are on for an electric highway stretch on Delhi-Mumbai Expressway and the land acquisition for over Rs 1 lakh crore expressway project has been completed.

He said he will be visiting Sweden next month to see E-Highways and welcomed players for investments to convert highways into e-highways.

He also said: "The RBI has assured us that they will allow us to take infrastructure loans for 30 years. So if a bankable project is for 30 years, the loan amount will be raised within 13-18 years. There will be two years moratorium period after completion of project. When after three years, toll collection starts then we will open an escrow account. Specific amount will be deposited in this escrow account."

The minister said at present NHAI has 480 such secure, bankable projects and five more banks are willing to give loans like the SBI gave.

"Depending upon traffic, we will keep depositing money in the escrow account, he said.

He said NHAI 's annual income for the current fiscal will be Rs 40,000 crore and it will reach Rs 1 lakh crore in coming years.

The Economic Times |

Gadkari urges industry to cash in on new expressway projects

Union minister Nitin Gadkari on Wednesday urged industry players to cash in on the huge potential that 22 upcoming express highways hold in the areas of alternative fuel, electric highway and charging stations.

The Road Transport, Highways and MSME Minister said that projects specially about Rs 1 lakh crore Delhi-Mumbai express highway can offer instant right of way to players interested in setting up LNG stations, electric charging stations or petrol pumps.

Addressing a conference on 'Future Fuels for Transportation' by FICCI, the minister said plans were afoot to set up 2,000 petrol pumps, including LNG.

“We are building 22 new express highways including Delhi-Mumbai Express Highway. Work on seven out of 22 projects have started and these have huge potential for the industry. If players want to come forward, we can offer right of way especially on Delhi-Mumbai Express Highway which we plan to complete within three years," the minister said.

Gadkari said plans are on for an electric highway stretch on Delhi-Mumbai Expressway and the land acquisition for over Rs 1 lakh crore expressway project has been completed.

He said he will be visiting Sweden next month to see E-Highways and welcomed players for investments to convert highways into e-highways.

He also said: "The RBI has assured us that they will allow us to take infrastructure loans for 30 years. So if a bankable project is for 30 years, the loan amount will be raised within 13-18 years. There will be two years moratorium period after completion of project. When after three years, toll collection starts then we will open an escrow account. Specific amount will be deposited in this escrow account."

The minister said at present NHAI has 480 such secure, bankable projects and five more banks are willing to give loans like the SBI gave.

"Depending upon traffic, we will keep depositing money in the escrow account,” he said.

He said NHAI 's annual income for the current fiscal will be Rs 40,000 crore and it will reach Rs 1 lakh crore in coming years.

The Hindu Business Line |

Gadkari urges industry to cash in on new expressway projects

Union minister Nitin Gadkari on Wednesday urged industry players to cash in on the huge potential that 22 upcoming express highways hold in the areas of alternative fuel, electric highway and charging stations.

The Road Transport, Highways and MSME Minister said that projects specially about Rs 1 lakh crore Delhi-Mumbai express highway can offer instant right of way to players interested in setting up LNG stations, electric charging stations or petrol pumps.

Addressing a conference on ‘Future Fuels for Transportation’ by FICCI, the minister said plans were afoot to set up 2,000 petrol pumps, including LNG.

We are building 22 new express highways including Delhi-Mumbai Express Highway. Work on seven out of 22 projects have started and these have huge potential for the industry. If players want to come forward, we can offer right of way especially on Delhi-Mumbai Express Highway which we plan to complete within three years,” the minister said.

Gadkari said plans are on for an electric highway stretch on Delhi-Mumbai Expressway and the land acquisition for over Rs 1 lakh crore expressway project has been completed. He said he will be visiting Sweden next month to see E-Highways and welcomed players for investments to convert highways into e-highways.

He also said: “The RBI has assured us that they will allow us to take infrastructure loans for 30 years. So if a bankable project is for 30 years, the loan amount will be raised within 13-18 years. There will be two years moratorium period after completion of project. When after three years, toll collection starts then we will open an escrow account. Specific amount will be deposited in this escrow account.”

The minister said at present NHAI has 480 such secure, bankable projects and five more banks are willing to give loans like the SBI gave.

“Depending upon traffic, we will keep depositing money in the escrow account, he said. He said NHAI ‘s annual income for the current fiscal will be Rs 40,000 crore and it will reach Rs 1 lakh crore in coming years.

ET Energy World |

2,000 fueling stations on Delhi-Mumbai Expressway, priority to LNG: Nitin Gadkari

Government plans to soon allot land for 2,000 fueling stations on the Delhi-Mumbai expressway highway, with priority given to Liquefied Natural Gas (LNG) stations, Nitin Gadkari, Minister of Road Transport and Highways said at an event here.

“LNG is the fuel for the future and the cost economics compared with diesel works to a saving of at least 50-60 per cent,” Gadkari said while speaking at the Conference on Future Fuels for Transportation organised by FICCI.

Petronet LNG, India’s largest natural gas importer is in talks with state-owned city gas distribution players like Indraprastha Gas Limited (IGL) and Gujarat State Petroleum Corporation (GSPC) to jointly set-up liquefied natural gas (LNG) pumps in six locations, initially, on the Delhi-Mumbai Expressway, Prabhat Singh, chief executive officer (CEO) had earlier told ETEnergyWorld.

Also, government-owned gas utility GAIL (India) is planning to build 90 LNG stations across the golden quadrilateral, ET reported earlier this month.

Gadkari while speaking at the event said that the country can produce bio aviation fuel in tribal and rural areas and reduce the import burden of the country.

The Hans India |

Centre looks to cut down costs in construction sector

The government is open to adopt latest technologies and eco-friendly materials for road construction to enhance economic and environment viability of projects, Union Ministry V K Singh said on Friday.

Minister of State for Road Transport and Highways Singh was addressing a conference on New and Emerging Technologies in Road Construction, organised by industry body FICCI.

"Government is open to adopt and try newer and innovative technologies for road construction by various technology promoters to improve the economic and environment viability of the projects as it is necessary to cut down construction costs by employing new materials, innovative technology, and by fast tracking decision making to avoid associated cost escalation," the minister said.

The highways construction industry should develop innovative and eco-friendly materials as well as use recovered and recycled materials to develop green transport infrastructure, he said.

Singh said the infrastructure sector, particularly highways, can spur economic momentum and it is the sector which will propel the growth of the country.

The highways sector has the potential to revive growth and cited how the US survived economic depression during 1930s because it built road infrastructure, which spurred growth in steel, cement, automotive sectors and labour market.

"There is also urgent need to streamline the Detailed Project Reports (DPR) preparing process, as in most cases the project reports are delayed, ill-conceived and not based on ground realities, which is causing undue delays in project execution and one of the main reasons for cost escalations.

There is an urgent need to develop a positive, transparent, corruption free working system by adopting newer technologies. Delayed decisions are totally unacceptable as they lead to colossal loss of time," he added.

To promote green construction, NHAI will be bringing out a new document on use of waste plastic in road construction within a month, said R K Pandey, Member Projects, NHAI.

Indus Dictum |

India now world's 2nd largest road network at 5.8 million km: Gen VK Singh

Union Minister of State for Road Transport & Highways Gen (Retd) VK Singh has said the Government is focused on aligning national standards for design, construction, maintenance and operation of roads, bridges and flyovers with global standards. He said, this will bring down the cost of construction, while maintaining high standards of quality through adoption of innovative technologies and materials for road construction.

Addressing a FICCI conference on New and Emerging Technologies in Road Construction here today, Singh hailed the participation of private sector in development of road infrastructure in the country. He said increased industrial activities have supported the overall growth of the transport sector, adding that the Government’s policy of increasing private participation has yielded positive results, with India becoming the world’s second largest road network of 5.8 million km.

Singh said that nearly 65% of all goods in the country are transported through roads, while 90% of the total passenger traffic uses road network to commute. He said the Government is committed to building quality roads and highways in the country.

He referred to the Bharatmala Pariyojana, which aims at building over 66,000 km of economic corridors, border and coastal roads, and expressways to boost the highway network.

The Pariyajana envisages to provide 4-lane connectivity to 550 districts, increase vehicular speed by 20-25%, and reduce the supply chain cost by 5-6%, said Singh.

Business Insider |

Govt open to adopt new tech, eco-friendly material in construction sector: Singh

The government is open to adopt latest technologies and eco-friendly materials for road construction to enhance economic and environment viability of projects, Union Ministry V K Singh said on Friday.

Minister of State for Road Transport and Highways Singh was addressing a conference on New and Emerging Technologies in Road Construction, organised by industry body FICCI.

"Government is open to adopt and try newer and innovative technologies for road construction by various technology promoters to improve the economic and environment viability of the projects as it is necessary to cut down construction costs by employing new materials, innovative technology, and by fast tracking decision making to avoid associated cost escalation," the minister said.

The highways construction industry should develop innovative and eco-friendly materials as well as use recovered and recycled materials to develop green transport infrastructure, he said.

Singh said the infrastructure sector, particularly highways, can spur economic momentum and it is the sector which will propel the growth of the country.

The highways sector has the potential to revive growth and cited how the US survived economic depression during 1930s because it built road infrastructure, which spurred growth in steel, cement, automotive sectors and labour market.

"There is also urgent need to streamline the Detailed Project Reports (DPR) preparing process, as in most cases the project reports are delayed, ill-conceived and not based on ground realities, which is causing undue delays in project execution and one of the main reasons for cost escalations. There is an urgent need to develop a positive, transparent, corruption free working system by adopting newer technologies ...Delayed decisions are totally unacceptable as they lead to colossal loss of time," he added.

To promote green construction, NHAI will be bringing out a new document on use of waste plastic in road construction within a month, said R K Pandey, Member Projects, NHAI.

The government should have provision on use of local construction materials in the Detailed Project Reports (DPR) so that local natural resources can be used for constructing eco-friendly sustainable roads, K K Kapila Co-chairperson, FICCI Infra Committee on Transport said.

The Economic Times |

Govt open to adopt new tech, eco-friendly material in construction sector: Singh

The government is open to adopt latest technologies and eco-friendly materials for road construction to enhance economic and environment viability of projects, Union Ministry V K Singh said on Friday. Singh was addressing a conference on New and Emerging Technologies in Road Construction, organised by industry body FICCI.

"Government is open to adopt and try newer and innovative technologies for road construction by various technology promoters to improve the economic and environment viability of the projects as it is necessary to cut down construction costs by employing new materials, innovative technology, and by fast tracking decision making to avoid associated cost escalation," the minister said.

The highways construction industry should develop innovative and eco-friendly materials as well as use recovered and recycled materials to develop green transport infrastructure, he said.

Singh said the infrastructure sector, particularly highways, can spur economic momentum and it is the sector which will propel the growth of the country.

The highways sector has the potential to revive growth and cited how the US survived economic depression during 1930s because it built road infrastructure, which spurred growth in steel, cement, automotive sectors and labour market.

"There is also urgent need to streamline the Detailed Project Reports (DPR) preparing process, as in most cases the project reports are delayed, ill-conceived and not based on ground realities, which is causing undue delays in project execution and one of the main reasons for cost escalations. There is an urgent need to develop a positive, transparent, corruption free working system by adopting newer technologies ...Delayed decisions are totally unacceptable as they lead to colossal loss of time," he added.

To promote green construction, NHAI will be bringing out a new document on use of waste plastic in road construction within a month, said R K Pandey, Member Projects, NHAI.

The government should have provision on use of local construction materials in the Detailed Project Reports (DPR) so that local natural resources can be used for constructing eco-friendly sustainable roads, K K Kapila Co-chairperson, FICCI Infra Committee on Transport said.

The Times of India |

Govt open to adopt new tech, eco-friendly material in construction sector: Singh

The government is open to adopt latest technologies and eco-friendly materials for road construction to enhance economic and environment viability of projects, Union Ministry V K Singh said on Friday.

Minister of State for Road Transport and Highways Singh was addressing a conference on New and Emerging Technologies in Road Construction, organised by industry body FICCI.

"Government is open to adopt and try newer and innovative technologies for road construction by various technology promoters to improve the economic and environment viability of the projects as it is necessary to cut down construction costs by employing new materials, innovative technology, and by fast tracking decision making to avoid associated cost escalation," the minister said.

The highways construction industry should develop innovative and eco-friendly materials as well as use recovered and recycled materials to develop green transport infrastructure, he said.

Singh said the infrastructure sector, particularly highways, can spur economic momentum and it is the sector which will propel the growth of the country.

The highways sector has the potential to revive growth and cited how the US survived economic depression during 1930s because it built road infrastructure, which spurred growth in steel, cement, automotive sectors and labour market.

"There is also urgent need to streamline the Detailed Project Reports (DPR) preparing process, as in most cases the project reports are delayed, ill-conceived and not based on ground realities, which is causing undue delays in project execution and one of the main reasons for cost escalations. There is an urgent need to develop a positive, transparent, corruption free working system by adopting newer technologies ...Delayed decisions are totally unacceptable as they lead to colossal loss of time," he added.

To promote green construction, NHAI will be bringing out a new document on use of waste plastic in road construction within a month, said R K Pandey, Member Projects, NHAI.

The government should have provision on use of local construction materials in the Detailed Project Reports (DPR) so that local natural resources can be used for constructing eco-friendly sustainable roads, K K Kapila Co-chairperson, FICCI Infra Committee on Transport said.

Orissadiary.com |

Gen V K Singh says, government focussed on aligning national standards for design, construction, maintenance and operation of roads

Union Minister of State Road Transport and Highways Gen (Retd) Dr V K Singh has said that the government is focussed on aligning national standards for design, construction, maintenance and operation of roads, bridges and flyovers with global standards. He said, this will bring down the cost of construction, while maintaining high standards of quality through adoption of innovative technologies and materials for road construction.

Addressing a FICCI conference on New and Emerging Technologies in Road Construction here today, Gen V K Singh hailed the participation of private sector in development of road infrastructure in the country. He said, increased industrial activities have supported the overall growth of the transport sector. The Minister Said, government’s policy of increasing private participation has yielded positive results, with India becoming world’s second largest road network of 5.8 million kms.

The Minister informed that nearly 65 per cent of all goods in the country are transported through roads, while 90 per cent of the total passenger traffic uses road network to commute. He said, the government is committed to building quality roads and highways in the country. He referred to the Bharatmala Pariyojana, which aims at building over 66 thousand kms of economic corridors, border and coastal roads, and expressways to boost the highway network. The Pariyajana envisages to provide 4-lane connectivity to 550 districts, increase vehicular speed by 20-25 per cent, and reduce the supply chain cost by 5-6 per cent.

Devdiscourse |

Gen V K Singh hails participation of private sector in road development

Union Minister of State Road Transport and Highways Gen (Retd) Dr. V K Singh has said that the government is focussed on aligning national standards for design, construction, maintenance and operation of roads, bridges and flyovers with global standards. He said this will bring down the cost of construction while maintaining high standards of quality through the adoption of innovative technologies and materials for road construction.

Addressing a FICCI conference on New and Emerging Technologies in Road Construction here today, Gen V K Singh hailed the participation of the private sector in the development of road infrastructure in the country. He said, increased industrial activities have supported the overall growth of the transport sector. Minister Said, the government's policy of increasing private participation has yielded positive results, with India becoming the world's second-largest road network of 5.8 million kms.

The Minister informed that nearly 65 percent of all goods in the country are transported through roads, while 90 percent of the total passenger traffic uses the road network to commute. He said the government is committed to building quality roads and highways in the country. He referred to the Bharatmala Pariyojana, which aims at building over 66 thousand kms of economic corridors, border and coastal roads, and expressways to boost the highway network. The Pariyajana envisages to provide 4-lane connectivity to 550 districts, increase vehicular speed by 20-25 percent, and reduce the supply chain cost by 5-6 percent.

The Hans India |

Revisit tendering system for contracts: FICCI

Industry body FICCI on Tuesday said it has urged the government to revisit the tendering system for construction work contracts, claiming that the current least-cost selection method or L1 may not be the most appropriate and suitable method to award a contract.

"...it is well founded that the current contract tendering system by government and public undertakings based on least-cost selection method has shortcomings given the number of infrastructure and other projects facing concerns of delay, quality and disputes, ultimately leading to time consuming arbitration and higher costs," K K Kapila, co-chairperson, National Committee on Infrastructure, FICCI, said in a statement.

Experience in India has shown that officials in procuring departments and agencies, in order to maintain utmost probity and transparency, prefer to adopt the least cost principle for the award of contracts.

This in turn has resulted in bidders seeking to win contracts by putting in extremely low bids that are eventually found unworkable, leading to huge delays, cost overruns and disputes often ending in the termination of contracts, Kapila said.

It is necessary, therefore, to seriously examine our present procurement procedures to ensure that we achieve our objective of quality, timely completion of works contracts, within the stipulated costs, Kapila added.

The Hitavada |

Revisit tendering system for construction work contracts: FICCI urges Govt

Industry body FICCI on Tuesday said it has urged the Government to revisit the tendering system for construction work contracts, claiming that the current least-cost selection method or L1 may not be the most appropriate and suitable method to award a contract. “It is well founded that the current contract tendering system by government and public undertakings based on least-cost selection method has shortcomings given the number of infrastructure and other projects facing concerns of delay, quality and disputes, ultimately leading to time consuming arbitration and higher costs,” K K Kapila, co-chairperson, National Committee on Infrastructure, FICCI, said in a statement.
Experience in India has shown that officials in procuring departments and agencies, in order to maintain utmost probity and transparency, prefer to adopt the least cost principle for the award of contracts. This in turn has resulted in bidders seeking to win contracts by putting in extremely low bids that are eventually found unworkable, leading to huge delays, cost overruns and disputes often ending in the termination of contracts, Kapila said. It is necessary, therefore, to seriously examine our present procurement procedures to ensure that we achieve our objective of quality, timely completion of works contracts, within the stipulated costs, Kapila added.

Business Insider |

FICCI urges govt to revisit tendering system for construction work contracts

Industry body FICCI on Tuesday said it has urged the government to revisit the tendering system for construction work contracts, claiming that the current least-cost selection method or L1 may not be the most appropriate and suitable method to award a contract.

"...it is well founded that the current contract tendering system by government and public undertakings based on least-cost selection method has shortcomings given the number of infrastructure and other projects facing concerns of delay, quality and disputes, ultimately leading to time consuming arbitration and higher costs," K K Kapila, co-chairperson, National Committee on Infrastructure, FICCI, said in a statement.

Experience in India has shown that officials in procuring departments and agencies, in order to maintain utmost probity and transparency, prefer to adopt the least cost principle for the award of contracts. This in turn has resulted in bidders seeking to win contracts by putting in extremely low bids that are eventually found unworkable, leading to huge delays, cost overruns and disputes often ending in the termination of contracts, Kapila said.

It is necessary, therefore, to seriously examine our present procurement procedures to ensure that we achieve our objective of quality, timely completion of works contracts, within the stipulated costs, Kapila added.

The Times of India |

FICCI urges govt to revisit tendering system for construction work contracts

Industry body FICCI on Tuesday said it has urged the government to revisit the tendering system for construction work contracts, claiming that the current least-cost selection method or L1 may not be the most appropriate and suitable method to award a contract.

"...it is well founded that the current contract tendering system by government and public undertakings based on least-cost selection method has shortcomings given the number of infrastructure and other projects facing concerns of delay, quality and disputes, ultimately leading to time consuming arbitration and higher costs," K K Kapila, co-chairperson, National Committee on Infrastructure, FICCI, said in a statement.

Experience in India has shown that officials in procuring departments and agencies, in order to maintain utmost probity and transparency, prefer to adopt the least cost principle for the award of contracts. This in turn has resulted in bidders seeking to win contracts by putting in extremely low bids that are eventually found unworkable, leading to huge delays, cost overruns and disputes often ending in the termination of contracts, Kapila said.

It is necessary, therefore, to seriously examine our present procurement procedures to ensure that we achieve our objective of quality, timely completion of works contracts, within the stipulated costs, Kapila added.

The Hindu |

Several MoUs likely during ports’ conclave

Several key agreements are likely to be signed during the two-day conclave of the ports from the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) here from November 7.

The Visakhapatnam Port Trust (VPT) will be playing host to the conference. Top officials from the member-countries will attend.

The regional group has India, Bangladesh, Myanmar, Sri Lanka, Thailand and two land-locked countries of Bhutan and Nepal as members. The countries lying in the littoral and adjacent areas of the Bay of Bengal constitute a contiguous regional unity.

The sub-regional organisation was established on June 6, 1997, through the Bangkok Declaration. Nepal and Bhutan were inducted in 2004.

“This is a prestigious event to be hosted by us. Besides discussing best practices, we will discuss ways of exploring regional cooperation in various fields,” VPT Deputy Chairman P.L. Haranadh told The Hindu on Thursday.

Besides VPT, Paradip, Kolkata and Krishnapatnam ports are also expected to sign MoU with Ranong port of Thailand. More MoUs on coastal shipping and promotion of export-import cargo and usage of facilities for each others’ benefit will come up for discussion. Port Authority of Thailand has already come forward for collaboration through Laem Chabang. Mr. Haranadh said, in addition to senior officials of the port trusts and authorities, various Ministries, officials from Dhamra, Krishnapatnam, Mudra and other private ports had been invited for participation.

Kolkata and Visakhapatnam ports have already an understanding with Nepal after the Ministry of Nepal designated them as gateway ports. Bhutan also wants to explore tie-up with the Indian ports to get imported cargo.

Various stakeholders such as the CII, FICCI, FAPCCI and other professional organisations will also attend

CNBC TV18 |

Sharing and growing: Huge investments enable co-working spaces to scale up and innovate

Over the last few years, co-working spaces have gained popularity with start-ups, small and medium enterprises (SMEs) and large corporates. Unlike the traditional business centres, co-working offices offer unique amenities such as gymnasium, spa, food court, gaming zones, sleeping pods and crèche services. These attributes have helped popularise co-working spaces among employees, entrepreneurs and corporates alike.

An analysis of leasing trends in the top seven cities in India in the report by JLL and FICCI titled Co-Working: Reshaping Indian Workplaces clearly reflects the rising proportion of mainstream corporates and established entities from different sectors in the total co-working space leased. Space taken up by the co-working segment has doubled to 3.9 million sq. ft. in 2018 compared with 2017. Cumulative space taken-up by co-working segment from 2017 to 1Q19 is 6.9 million sq. ft.

There is more. The co-working share in office leasing in the top seven cities of India increased from 5 percent (2017) to 8 percent (2018) and this moved up further to 12 percent in 1Q2019.

Large scale investments: Naturally investments have been pouring into this sector. According to JLL estimates, at the end of May 2018, close to $400 million would be invested in co-working space. The trend has continued until now. As a result, the flexible workspace segment is likely to attract over $1 billion in investment during FY 2019-20. The trend is fuelled in part by the sleuth of large enterprises that have started moving into flexible workspace solutions. This has also resulted in commercial real estate markets seeing a larger shift - wherein flexible workspaces account for a larger share of absorption.

Scaling up: Huge investments in the sector are enabling shared space providers to scale up faster by utilising these funds. The scaling up is not only in terms of geographical expansion, but also technological innovation. Besides the top seven cities, co-working operators are venturing into tier 2 cities such as Jaipur, Goa, Chandigarh and Lucknow. It is expected that smaller cities would further see the growth of co-working spaces as they are witnessing a spurt of start-ups and incubation spaces.

Investments have also enabled co-working spaces provide upgraded facilities and amenities that traditional business centres do not offer.

Enabling start-ups: Interestingly, co-working spaces are not only playing an important role in office-leasing markets but also supporting the growth of start-ups and enabling accelerator programmes which help them grow. While co-working spaces are catering to the requirements of large enterprises, they are also providing start-ups and SMEs a well- structured office space from where they can work and grow.

For instance, co-working player Incuspaze recently announced its collaboration with Small Industries Development Bank of India (Sidbi) to support micro and small enterprises (MSEs) and start-ups with a well-managed space to meet their office requirements. Whilst, Incuspaze will develop and operate the co-working space, Sidbi will provide support to the start-ups to grow further.

Co-working spaces have now moved beyond their initial role of acting as providers of flexible, vibrant workspaces. Today, they are acting as business enablers for start-ups as well as large corporates.

ET Realty |

Co-working spaces may attract over $1 billion investment during FY20: JLL

Co-working spaces is likely to attract over $1 billion in investment during FY 201 9-20, according to JLL India, a consultancy firm.

"Huge investments in the sector are enabling shared space providers to scale up faster by utilising these funds. This has also resulted in commercial real estate markets seeing a larger shift - wherein flexible workspaces account for a larger share of absorption," said Ramesh Nair, CEO & country head, JLL India.

The trend is fuelled in part by the sleuth of large enterprises that have started moving into flexible workspace solutions.

According to report by JLL and FICCI spaces taken-up by co-working firms doubled to 3.9 million sq ft in 2018 compared with 2017. During the same period, the share of co-working in overall offic leasing increased from 5 per cent to 8 per cent.

Moneycontrol |

Co-working segment likely to attract over $1 bn worth of investments: Report

The flexible workspace segment in India is likely to attract over $1 billion in investment during the financial year 2019-2020, a report says.

The space taken up by the co-working segment has doubled to 3.9 mn sq ft in 2018 from the previous year. Cumulatively, at the end of the first quarter of 2019, the co-working segment has taken up 6.9 mn sq ft since 2017, the report said.

The co-working share in office leasing in the top seven cities of India increased from 5 per cent (2017) to 8 per cent (2018) and this moved up further to 12 per cent in the first quarter of 2019, says the report by JLL and FICCI, Co-Working: Reshaping Indian Workplaces.

Co-working spaces are workplaces where individuals or small companies work independently or collaboratively, in a shared office space.

The trend is fuelled by the fact that large enterprises have started moving into flexible workspace solutions. This has also resulted in commercial real estate markets seeing a larger shift — wherein flexible workspaces account for a larger share of absorption.

With greater penetration across cities, co-working spaces are also playing an important role in supporting the growth of start-ups and enabling accelerator programmes for many new firms. Besides the top seven cities, co-working operators are venturing into tier 2 cities such as Jaipur, Goa, Chandigarh and Lucknow. It is expected that smaller cities would see further growth of co-working spaces as they are witnessing a spurt of start-ups and incubation spaces, says Ramesh Nair, CEO & Country Head, JLL India.

Unlike the traditional business centres, co-working offices offer unique amenities such as a gymnasium, spa, a food court, gaming zones, sleeping pods, crèche services etc. These attributes have helped popularise co-working spaces among employees, entrepreneurs and corporates alike.

The key benefits associated with co-working spaces are relatively low operation costs, better infrastructure and networking opportunities. While freelancers are primarily focused on the low cost factor, start-ups and SMEs focus both on cost and infrastructure.

For large corporates, on the other hand, travel or regular commute convenience is a top priority, and hence prime office location is as important as infrastructure.

Huge investments in the co-working sector are enabling providers of shared office space to scale up faster by utilising these funds. The scaling up is happening not only in terms of geographical expansion, but also in technological innovation.

Moneycontrol |

MSMEs seeks differential interest rates from FM

In the second sectoral meeting with the micro, small, and medium enterprises (MSMEs), the stakeholders demanded differential rates of interest for the sector, a senior government official said.

"We have discussed issues relating to GST (goods and services tax), working capital. We have also discussed the issue of delayed payments that the sector faces from both big corporates and PSU (public sector undertakings)," the official said.

Finance minister Nirmala Sitharaman is holding a series of meetings with stakeholders from various sectors to take stock of the present economic slowdown.

Mukesh Mohan Gupta, President, Chamber of Indian Micro, Small and Medium Enterprises said that the finnace minister suggested having dedicated days for MSME loan proposals at banks.

"Payment of MSMEs stuck with PSUs for about 6months to one year. Industry suggested having a dedicated tribunal for MSMEs," Gupta said.

The industry also sought changes in declaration of non-performing assets for MSME sector, Sanjay Bhatia, President- FICCI-Confederation of MSME said.

MSMEs facing issues like working capital delays, availability of finance, and sanction of loans.

The Reserve Bank of India (RBI) in January set up an eight-member expert committee under former Securities Exchange Board of India chairman U.K. Sinha to propose long term solutions for the economic and financial sustainability of the sector.

"The UK Sinha committee recommendations under very active consideration. Implementation programme of those recommendations will be announced very shortly. For the first time that recommendation of special tribunal mooted. Proposal of special tribunal at an idea stage as of now. Need time to study the idea, draw the contours. We are also wary of more and more govt committees as government intervention adds a lot of layers of bureaucracy and MSMEs do not have human resources to handle such complexities," Ashok Saigal, co-chairman, CII National MSME council said.

On August 7, the finance minister will hold meeting with stakeholders of the automobile sector, including big corporates, two-wheeler makers and representatives from the component manufacturing industry.

Business Standard |

India Committed to comply with International Maritime Organization's decision to reduce sulphur content in shipping fuel

Mansukh Mandaviya, MoS (IC) for Shipping and MoS for Chemical and Fertilizers said that India will have a greater voice at International Maritime Organization (IMO) even as it works towards complying with the IMO 2020 regulations on limiting sulphur content of bunker fuel. Speaking at the conference on 'Fueling the Maritime Sector: IMO 2020 and Beyond' organized by FICCI, Mandaviya noted that as a stakeholder and government, India is committed to comply with the IMO's decision to reduce the sulphur content in the shipping fuel. However, we need to ascertain whether India was part of this decision making, he noted.

Mandaviya said that the Prime Minister has created a respectable image for the country in the international arena and as India is recognized world over, it is crucial that the country participates in forums like IMO and get India's voice heard. He further added that India must adopt new technologies and ensure that the maritime sector is compliant with global norms. The maritime sector provides employment to a large number of people.

Business Standard |

India working on reducing sulphur content in shipping fuel: Mandaviya

Union Minister Mansukh L Mandaviya on Tuesday said India will have a greater voice at International Maritime Organization (IMO) even as it is working towards complying with the IMO 2020 regulations on limiting sulphur content of bunker fuel.

"As a stakeholder and government, India is committed to comply with the IMO's decision to reduce the sulphur content in the shipping fuel. But we need to ascertain whether India was part of this decision making," Mandaviya, Minister of State (Independent Charge) for Shipping and MoS for Chemical and Fertilizers, was quoted as saying in a FICCI statement.

Speaking at the conference on 'Fueling the Maritime Sector: IMO 2020 and Beyond' organised by FICCI, Mandaviya said the Prime Minister has created a respectable image for the country in the international arena and as India is recognised world over, it is crucial that the country participates in forums like IMO and get India's voice heard.

"India being one of the major shipping nations, our role at policy making level has to be significant. We are an important stakeholder in this space and therefore need to play a proactive role. This time I will personally like to participate at the IMO deliberations," the statement said quoting Mandaviya.

He further said, "We must adopt new technologies and ensure that the maritime sector is compliant with global norms. The maritime sector provides employment to a large number of people. We need to increase the number of seafarers in the country."

Mandaviya also said that logistics cost at present accounts for 14 per cent of GDP as against logistics cost of 9 per cent.

He said if it is brought downs to 9 per cent, it will automatically become 5 per cent more competitive in the global market.

"Domestically, this will bring down inflation by 2.5 per cent," he added.

Sanjay Bandopadhyay, Additional Secretary, Ministry of Shipping, said, "Shipping is an important sector for the government, and we are trying to bring in policies to help the sector."

Anil Kishore Singh, Chairman, FICCI Sub-Committee on Inland Waterways and CEO (Inland Waterways), Adani Logistics Ltd, said India's maritime sector is on a high growth path, mainly due to measures taken by the government like Sagarmala, which promotes port-led infrastructure development in the country.

Poul V Jensen, Director, European Business and Technology Centre (EBTC), said that more than 80 per cent of the global trade is carried out by shipping.

FICCI-KPMG knowledge paper, 'Fueling the Maritime Sector: IMO 2020 and Beyond', was also released during the event. The paper highlights using no sulphur or using technologies to treat burnt sulphur so that emission norms are met. The paper further states the necessary steps to be undertaken by the Indian government to meet IMO 2020 regulations.

"With January 1, 2020 inching closer, India needs to expedite progress on assessing the current level of preparedness, develop national policies and provide implementation guidelines for the shipping industry for smooth transition to compliance with IMO 2020," the knowledge paper said.

The Times of India |

India working on reducing sulphur content in shipping fuel: Mandaviya

Union Minister Mansukh L Mandaviya on Tuesday said India will have a greater voice at International Maritime Organization (IMO) even as it is working towards complying with the IMO 2020 regulations on limiting sulphur content of bunker fuel. "As a stakeholder and government, India is committed to comply with the IMO's decision to reduce the sulphur content in the shipping fuel. But we need to ascertain whether India was part of this decision making," Mandaviya, Minister of State (Independent Charge) for Shipping and MoS for Chemical and Fertilizers, was quoted as saying in a Ficci statement.

Speaking at the conference on 'Fueling the Maritime Sector: IMO 2020 and Beyond' organised by Ficci, Mandaviya said the Prime Minister has created a respectable image for the country in the international arena and as India is recognised world over, it is crucial that the country participates in forums like IMO and get India's voice heard.

"India being one of the major shipping nations, our role at policy making level has to be significant. We are an important stakeholder in this space and therefore need to play a proactive role. This time I will personally like to participate at the IMO deliberations," the statement said quoting Mandaviya.

He further said, "We must adopt new technologies and ensure that the maritime sector is compliant with global norms. The maritime sector provides employment to a large number of people. We need to increase the number of seafarers in the country."

Mandaviya also said that logistics cost at present accounts for 14 per cent of GDP as against logistics cost of 9 per cent.

He said if it is brought downs to 9 per cent, it will automatically become 5 per cent more competitive in the global market.

"Domestically, this will bring down inflation by 2.5 per cent," he added.

Sanjay Bandopadhyay, Additional Secretary, Ministry of Shipping, said, "Shipping is an important sector for the government, and we are trying to bring in policies to help the sector."

Anil Kishore Singh, Chairman, FICCI Sub-Committee on Inland Waterways and CEO (Inland Waterways), Adani Logistics Ltd, said India's maritime sector is on a high growth path, mainly due to measures taken by the government like Sagarmala, which promotes port-led infrastructure development in the country.

Poul V Jensen, Director, European Business and Technology Centre (EBTC), said that more than 80 per cent of the global trade is carried out by shipping.

FICCI-KPMG knowledge paper, 'Fueling the Maritime Sector: IMO 2020 and Beyond', was also released during the event. The paper highlights using no sulphur or using technologies to treat burnt sulphur so that emission norms are met. The paper further states the necessary steps to be undertaken by the Indian government to meet IMO 2020 regulations.

"With January 1, 2020 inching closer, India needs to expedite progress on assessing the current level of preparedness, develop national policies and provide implementation guidelines for the shipping industry for smooth transition to compliance with IMO 2020," the knowledge paper said.

Moneycontrol |

Shipping Minister says govt aims to bring down logistic costs to 9% of GDP

In his address to stakeholders of the shipping industry, Minister of Shipping Mansukh Mandaviya said the Centre plans to bring down logistics cost down from 14 percent of the GDP to 9 percent.

The Minister was speaking at FICCI's summit on Fueling the Maritime Sector: IMO 2020 and Beyond. He said that he would represent India and its interests at the next meet of International Maritime Organisation (IMO).

He also stated that very little has been done on coastal shipping and inland waterways in the past, and there is a need to work on the grassroots level in the shipping sector.

Citing avenues for job creation in shipping sector, he said that more than 50 lakh jobs can be created. "If there are 2 lakh ships with a crew of 20 in each, we can easily reach this target," he said.

The government is also considering alternative fuels such as LNG and methane to reduce emissions and comply with international standards.

Devdiscourse |

India working on reducing sulphur content in shipping fuel: Mandaviya

Union Minister Mansukh L Mandaviya on Tuesday said India will have a greater voice at International Maritime Organization (IMO) even as it is working towards complying with the IMO 2020 regulations on limiting sulphur content of bunker fuel. "As a stakeholder and government, India is committed to comply with the IMO's decision to reduce the sulphur content in the shipping fuel. But we need to ascertain whether India was part of this decision making," Mandaviya, Minister of State (Independent Charge) for Shipping and MoS for Chemical and Fertilizers, was quoted as saying in a FICCI statement.

Speaking at the conference on 'Fueling the Maritime Sector: IMO 2020 and Beyond' organised by FICCI, Mandaviya said the Prime Minister has created a respectable image for the country in the international arena and as India is recognised world over, it is crucial that the country participates in forums like IMO and get India's voice heard. "India being one of the major shipping nations, our role at policy making level has to be significant. We are an important stakeholder in this space and therefore need to play a proactive role. This time I will personally like to participate at the IMO deliberations," the statement said quoting Mandaviya.

He further said, "We must adopt new technologies and ensure that the maritime sector is compliant with global norms. The maritime sector provides employment to a large number of people. We need to increase the number of seafarers in the country." Mandaviya also said that logistics cost at present accounts for 14 per cent of GDP as against logistics cost of 9 per cent.

He said if it is brought downs to 9 per cent, it will automatically become 5 per cent more competitive in the global market. "Domestically, this will bring down inflation by 2.5 per cent," he added.

Sanjay Bandopadhyay, Additional Secretary, Ministry of Shipping, said, "Shipping is an important sector for the government, and we are trying to bring in policies to help the sector." Anil Kishore Singh, Chairman, FICCI Sub-Committee on Inland Waterways and CEO (Inland Waterways), Adani Logistics Ltd, said India’s maritime sector is on a high growth path, mainly due to measures taken by the government like Sagarmala, which promotes port-led infrastructure development in the country.

Poul V Jensen, Director, European Business and Technology Centre (EBTC), said that more than 80 per cent of the global trade is carried out by shipping. FICCI-KPMG knowledge paper, 'Fueling the Maritime Sector: IMO 2020 and Beyond’, was also released during the event. The paper highlights using no sulphur or using technologies to treat burnt sulphur so that emission norms are met. The paper further states the necessary steps to be undertaken by the Indian government to meet IMO 2020 regulations.

"With January 1, 2020 inching closer, India needs to expedite progress on assessing the current level of preparedness, develop national policies and provide implementation guidelines for the shipping industry for smooth transition to compliance with IMO 2020," the knowledge paper said.

Deccan Herald |

Fines are so low today, they don't deter violators

Several organisations have for long been demanding that the government make the Motor Vehicles Act more stringent and enforce it strictly to bring down the number of road accidents in the country.

K K Kapila, President Emeritus of the International Road Federation (IRF), a global road safety body, has been one such voice. Kapila, who is also co-chairperson, FICCI Infrastructure Committee, tells DH’s Ajit Athrady that he is also a strong votary of hefty penalties on road traffic violators.

The Motor Vehicles Act of 1988 has not been able to bring down traffic offences and making our roads safer. Why do you think the Motor Vehicles (Amendment) Bill will succeed in doing so?

It is important to pass the MV (Amendment) Bill into law because under the provisions in the existing MV Act, the penalty amounts are ridiculously low in today’s context. People do not seem to mind paying those fines and carrying on because those amounts are a pittance.

India tops the world in road accidents. How will the amended Bill help to curb road mishaps?

With increased penalties, you will find better adherence to road rules, which in turn will help to reduce road accidents.

Will the hefty penalties prescribed help curb traffic violations or will it lead to increase in bribery and corruption, with people preferring to bribe the traffic police and get away?

With increased use of technology, coupled with enhanced fines, we will soon be able to have e-Challans being sent to violators of traffic rules. The violations will be captured on camera and maintained as permanent records. This will ensure better observance of rules and therefore fewer accidents.

What do states have to do to reduce accidents?

The Motor Vehicle Act will be applicable throughout the country.

Many states have reservations over several provisions in the Bill. States have alleged that it encroaches on their domain and rights. Will they ensure its effective implementation?

Yes, they will. When they find that its implementation is helping to reduce road accidents and fatalities, they will start to willingly implement the provisions.

Nearly 83% of road accidents involve valid driving licence holders. Will merely having enhanced penalties help reduce accidents or do licence holders need better training in driving?

We have had a very poor driving licence regime in this country, but with the increased use of technology, with little or no interface with the examiner and the entire test being recorded, we will have better trained drivers. As far as heavy motor vehicle drivers are concerned, they already have to undergo a test every two years. If someone is not fit to be a driver, he will have to get better training and come back to apply for renewal of licence. As such, over a period, we will have mostly properly trained drivers. This exercise of periodic re-examination must be extended to all motor vehicle drivers, including in the light motor vehicle category. Maybe they can be asked to take the test every 3-5 years.

The Bill proposes stringent punishment for faulty road design, engineering and maintenance. Is it possible to implement this and fix accountability of government officials and contractors?

It is possible to punish those responsible for poor road design, engineering and maintenance. The mere fact that such a provision of punishment exists will make all involved people more cautious and careful. And it is possible to fix accountability of government officials and contractors, too.

live mint |

Railways studying profiles of officials under anti-corruption drive: Goyal

The profiles of officials in the Railway Ministry are being studied as part of a wider anti-corruption drive to set an example of transparency, Railway Minister Piyush Goyal said.

Goyal, who is on a three-day visit to the UK, said during an interaction with representatives from the Indian diaspora in Britain on Sunday that the Narendra Modi led government had taken steps to address the issue of transparency across all departments and a clean-up drive was being executed across the states.

"Action has been taken on several officials who have had integrity issues in several departments. My own railway ministry is now studying profiles of very many officers to see if some action can be initiated to give a message to the others," Goyal said during a "Fireside Chat" event with India Inc CEO Manoj Ladwa, organised by the Indian High Commission in London and Federation of Indian Chambers of Commerce and Industry (FICCI).

In response to a question about achieving a "corruption-mukt Bharat", he added: "In the states where we have come into government, we are trying to bring about a change. Banking is being cleaned up. More and more transparency is being brought in so people start recognising that information is now out in the market and if we don’t perform, we’ll be hauled up."

The minister, who is on his first visit to the UK since taking charge of the commerce and industry ministry, struck a note of caution about future trade agreements to ensure they are in the best interest of India.

“We have not always been able to negotiate good deals in the past, some of which are now causing us agony. At no point of time any more can there be any trade pact which will be at the cost of India’s interests," he said.

Describing the recent budget presented by Finance Minister Nirmala Sitharaman as a "truly remarkable roadmap" for achieving the goal of becoming a $5-trillion economy by 2024-25, the minister flagged concessions offered to fintech companies to invest in India’s hubs like GIFT City in Ahmedabad as a particular focus for him during an India Day conclave organised by the UK’s Department for International Trade (DIT) on Tuesday.

"India’s finance minister has announced some very exciting incentives for financial companies to locate in India’s GIFT City and the India Day event is a good initiative which will showcase investment opportunities between India and the UK," he said.

Goyal will address the India-UK Joint Economic and Trade Committee (JETCO) and hold discussions on India-UK trade ties with international trade secretary Liam Fox on Monday.

Ahead of the JETCO talks, the minister is set for a breakfast meeting with a group of Indian-origin UK MPs and a visit to a Centre of Excellence at University College London (UCL) focussed on opportunities arising from Artificial Intelligence (AI) in collaboration with Indian partners.

The Hindu |

Railway Ministry studying profiles of officials under anti-corruption drive: Goyal

The profiles of officials in the Railway Ministry are being studied as part of a wider anti-corruption drive to set an example of transparency, Railway Minister Piyush Goyal said.

Goyal, who is on a three-day visit to the UK, said during an interaction with representatives from the Indian diaspora in Britain on Sunday that the Narendra Modi-led government had taken steps to address the issue of transparency across all departments and a clean-up drive was being executed across the country.

“Action has been taken on several officials who have had integrity issues in several departments. My own railway ministry is now studying profiles of very many officers to see if some action can be initiated to give a message to the others, Goyal said during a “Fireside Chat” event with India Inc. CEO Manoj Ladwa, organised by the Indian High Commission in London and Federation of Indian Chambers of Commerce and Industry (FICCI).

In response to a question about achieving a “corruption-mukt Bharat”, he added, “In the states where we have come into government, we are trying to bring about a change. Banking is being cleaned up. More and more transparency is being brought in so people start recognising that information is now out in the market and if we don’t perform, we’ll be hauled up.”

The minister, who is on his first visit to the UK since taking charge of the commerce and industry ministry, struck a note of caution about future trade agreements to ensure they are in the best interest of India.

We have not always been able to negotiate good deals in the past, some of which are now causing us agony. At no point of time any more can there be any trade pact which will be at the cost of India’s interests, he said.

Describing the recent budget presented by Finance Minister Nirmala Sitharaman as a “truly remarkable roadmap” for achieving the goal of becoming a $5-trillion economy by 2024-25, the minister flagged concessions offered to fintech companies to invest in India’s hubs like GIFT City in Ahmedabad as a particular focus for him during an India Day conclave organised by the UK’s Department for International Trade (DIT) on Tuesday.

“India’s finance minister has announced some very exciting incentives for financial companies to locate in India’s GIFT City and the India Day event is a good initiative which will showcase investment opportunities between India and the UK, he said.

Goyal will address the India-UK Joint Economic and Trade Committee (JETCO) and hold discussions on India-UK trade ties with international trade secretary Liam Fox on Monday.

Ahead of the JETCO talks, the minister is set for a breakfast meeting with a group of Indian-origin UK MPs and a visit to a Centre of Excellence at University College London (UCL) focussed on opportunities arising from Artificial Intelligence (AI) in collaboration with Indian partners.

Deccan Herald |

Railway Ministry studying profiles of officials: Goyal

The profiles of officials in the Railway Ministry are being studied as part of a wider anti-corruption drive to set an example of transparency, Railway Minister Piyush Goyal said here.

Goyal, who is on a three-day visit to the UK, said during an interaction with representatives from the Indian diaspora in Britain on Sunday that the Narendra Modi led government had taken steps to address the issue of transparency across all departments and a clean-up drive was being executed across the states.

"Action has been taken on several officials who have had integrity issues in several departments. My own railway ministry is now studying profiles of very many officers to see if some action can be initiated to give a message to the others,” Goyal said during a "Fireside Chat" event with India Inc CEO Manoj Ladwa, organised by the Indian High Commission in London and Federation of Indian Chambers of Commerce and Industry (FICCI).

In response to a question about achieving a "corruption-mukt Bharat", he added: "In the states where we have come into government, we are trying to bring about a change. Banking is being cleaned up. More and more transparency is being brought in so people start recognising that information is now out in the market and if we don’t perform, we’ll be hauled up."

The minister, who is on his first visit to the UK since taking charge of the commerce and industry ministry, struck a note of caution about future trade agreements to ensure they are in the best interest of India.

“We have not always been able to negotiate good deals in the past, some of which are now causing us agony. At no point of time any more can there be any trade pact which will be at the cost of India’s interests,” he said.

Describing the recent budget presented by Finance Minister Nirmala Sitharaman as a "truly remarkable roadmap" for achieving the goal of becoming a USD 5-trillion economy by 2024-25, the minister flagged concessions offered to fintech companies to to invest in India’s hubs like GIFT City in Ahmedabad as a particular focus for him during an India Day conclave organised by the UK’s Department for International Trade (DIT) on Tuesday.

"India’s finance minister has announced some very exciting incentives for financial companies to locate in India’s GIFT City and the India Day event is a good initiative which will showcase investment opportunities between India and the UK,” he said.

Goyal will address the India-UK Joint Economic and Trade Committee (JETCO) and hold discussions on India-UK trade ties with international trade secretary Liam Fox on Monday.

Ahead of the JETCO talks, the minister is set for a breakfast meeting with a group of Indian-origin UK MPs and a visit to a Centre of Excellence at University College London (UCL) focussed on opportunities arising from Artificial Intelligence (AI) in collaboration with Indian partners.

Moneycontrol |

Railway Ministry studying profiles of officials under anti-corruption drive: Piyush Goyal

The profiles of officials in the Railway Ministry are being studied as part of a wider anti-corruption drive to set an example of transparency, Railway Minister Piyush Goyal said here.

Goyal, who is on a three-day visit to the UK, said during an interaction with representatives from the Indian diaspora in Britain on Sunday that the Narendra Modi led government had taken steps to address the issue of transparency across all departments and a clean-up drive was being executed across the states.

"Action has been taken on several officials who have had integrity issues in several departments. My own railway ministry is now studying profiles of very many officers to see if some action can be initiated to give a message to the others,” Goyal said during a "Fireside Chat" event with India Inc CEO Manoj Ladwa, organised by the Indian High Commission in London and Federation of Indian Chambers of Commerce and Industry (FICCI).

In response to a question about achieving a "corruption-mukt Bharat", he added: "In the states where we have come into government, we are trying to bring about a change. Banking is being cleaned up. More and more transparency is being brought in so people start recognising that information is now out in the market and if we don't perform, we'll be hauled up."

The minister, who is on his first visit to the UK since taking charge of the commerce and industry ministry, struck a note of caution about future trade agreements to ensure they are in the best interest of India.

“We have not always been able to negotiate good deals in the past, some of which are now causing us agony. At no point of time any more can there be any trade pact which will be at the cost of India's interests,” he said.

Describing the recent budget presented by Finance Minister Nirmala Sitharaman as a "truly remarkable roadmap" for achieving the goal of becoming a USD 5-trillion economy by 2024-25, the minister flagged concessions offered to fintech companies to invest in India's hubs like GIFT City in Ahmedabad as a particular focus for him during an India Day conclave organised by the UK's Department for International Trade (DIT) on Tuesday.

"India's finance minister has announced some very exciting incentives for financial companies to locate in India's GIFT City and the India Day event is a good initiative which will showcase investment opportunities between India and the UK,” he said.

Goyal will address the India-UK Joint Economic and Trade Committee (JETCO) and hold discussions on India-UK trade ties with international trade secretary Liam Fox on Monday.

Ahead of the JETCO talks, the minister is set for a breakfast meeting with a group of Indian-origin UK MPs and a visit to a Centre of Excellence at University College London (UCL) focussed on opportunities arising from Artificial Intelligence (AI) in collaboration with Indian partners.

News18 |

Railway Ministry Studying Profiles of Officials Under Anti-corruption Drive: Piyush Goyal

The profiles of officials in the Railway Ministry are being studied as part of a wider anti-corruption drive to set an example of transparency, Railway Minister Piyush Goyal said here.

Goyal, who is on a three-day visit to the UK, said during an interaction with representatives from the Indian diaspora in Britain on Sunday that the Narendra Modi led government had taken steps to address the issue of transparency across all departments and a clean-up drive was being executed across the states.

"Action has been taken on several officials who have had integrity issues in several departments. My own railway ministry is now studying profiles of very many officers to see if some action can be initiated to give a message to the others, Goyal said during a "Fireside Chat" event with India Inc CEO Manoj Ladwa, organised by the Indian High Commission in London and Federation of Indian Chambers of Commerce and Industry (FICCI).

In response to a question about achieving a "corruption-mukt Bharat", he added: "In the states where we have come into government, we are trying to bring about a change. Banking is being cleaned up. More and more transparency is being brought in so people start recognising that information is now out in the market and if we don't perform, we'll be hauled up."

The minister, who is on his first visit to the UK since taking charge of the commerce and industry ministry, struck a note of caution about future trade agreements to ensure they are in the best interest of India.

We have not always been able to negotiate good deals in the past, some of which are now causing us agony. At no point of time any more can there be any trade pact which will be at the cost of India's interests, he said.

Describing the recent budget presented by Finance Minister Nirmala Sitharaman as a "truly remarkable roadmap" for achieving the goal of becoming a USD 5-trillion economy by 2024-25, the minister flagged concessions offered to fintech companies to invest in India's hubs like GIFT City in Ahmedabad as a particular focus for him during an India Day conclave organised by the UK's Department for International Trade (DIT) on Tuesday.

"India's finance minister has announced some very exciting incentives for financial companies to locate in India's GIFT City and the India Day event is a good initiative which will showcase investment opportunities between India and the UK, he said.

Goyal will address the India-UK Joint Economic and Trade Committee (JETCO) and hold discussions on India-UK trade ties with international trade secretary Liam Fox on Monday.

Ahead of the JETCO talks, the minister is set for a breakfast meeting with a group of Indian-origin UK MPs and a visit to a Centre of Excellence at University College London (UCL) focussed on opportunities arising from Artificial Intelligence (AI) in collaboration with Indian partners.

APN News |

FICCI's National Committee on Transport Infrastructure

FICCI’s National Committee on Transport Infrastructure has urged the government to help the Build-Operate-Transfeer (BOT) and Engineering ,Procurement and Contruction (EPC) concessionaires in the road infra sector by paying directly to banks for the interest accured on loans by them in the road infra delayed projects .

“The Union government in its recent budget had announced that the public sector banks (PSBs) will be provided with a capital infusion of Rs 70,000 crore, giving a much-needed boost to the stressed banks who are under pressure owing to the rising Non Peforming Assets (NPA’s) . But several the Build-Operate-Transfeer (BOT) and Engineering ,Procurement and Contruction (EPC) contractors are becoming NPA’s due to heavy interest burden accured by them due to delay of projects “ said Mr K K Kapila, Co-chairperson , FICCI’s National Committee on Transport Infrastructure.

“Major BOT projects / EPC contracts in the country have suffered substantial delays on account of land acquisition, utility clearances and environmental clearances, which are solely attributable to the Government Authority. Whereas, Extension of Time is being granted by the Government Authority, but the interest accrued on the loans given by the Banks, for such delayed period, has resulted in the Bank accounts of the Concessionaires / EPC Contractors becoming NPA. As a result, the Banks are unable to further service funds to such projects inordinately delaying their completion.” Said Mr Kapila.

“We urge the government that in such delayed BOT projects / EPC contracts, interest accrued during the delayed period for which Extension of Time has been granted, where delays are not attributable to the Concessionaires and EPC Contractors, the Interest during such Extended Period could be directly given to the Banks from the budgetary allocation of capital infusion of Rs 70,000 crore. This would then prevent the accounts of the Concessionaires / EPC Contractors from becoming NPA.” Mr Kapila said.

“This will also help in opening a window for further funding of the projects leading to their completion. This would also help in completing several delayed BOT projects / EPC contracts and in reviving the highway sector, as well as provide necessary funding to the banks. As this liability is clearly that of the Government this action will also help create right environment for further BOT Projects and help to attract funds from overseas for such projects as well.” He added.

Business Standard |

FICCI panel urges govt to pay interest of delayed road projects to banks

In a bid to fast-track highway projects, industry body FICCI Monday urged the government to help the Build-Operate-Transfer (BOT) and Engineering, Procurement and Construction (EPC) concessionaires in the road sector by paying directly to banks for the interest accrued on loans by them in the delayed projects.

Many highway projects under the BOT and EPC mode are turning into NPAs due to heavy interest burden on account of delays in projects, FICCI's National Committee on Transport Infrastructure said in a statement.

According to K K Kapila, Co-chairperson FICCI's National Committee on Transport Infrastructure, major BOT and EPC contracts in the country have suffered substantial delays on account of land acquisition, utility clearances and environmental clearances, which are solely attributable to government authority.

"Extension of time is being granted, but the interest accrued on the loans given by the banks, for such delayed period, has resulted in the bank accounts of the concessionaires and EPC contractors becoming NPAs," Kapila said adding that "as a result, the banks are unable to further service funds to such projects inordinately delaying their completion."

There have been cases when such contractors had abandoned such projects due to cost and time overrun.

"We urge the government that in such delayed BOT projects, EPC contracts, where delays are not attributable to the concessionaires and EPC contractors, the interest during such extended period could be directly given to the banks, This would then prevent the accounts of concessionaires and EPC contractors from becoming NPA," Kapila added.

He said this will also help in opening a window for further funding of the projects leading to their completion.

The Times of India |

FICCI committee urges govt to directly pay interest of delayed road projs to banks

In a bid to fast-track highway projects, industry body FICCI Monday urged the government to help the BOT and EPC concessionaires in the road sector by paying directly to banks for the interest accrued on loans by them in the delayed projects. Many highway projects under the Build-Operate-Transfer (BOT) and Engineering, Procurement and Construction (EPC) mode are turning into NPAs due to heavy interest burden on account of delays in projects, FICCI's National Committee on Transport Infrastructure said in a statement.

According to K K Kapila, Co-chairperson FICCI's National Committee on Transport Infrastructure, major BOT projects/EPC contracts in the country have suffered substantial delays on account of land acquisition, utility clearances and environmental clearances, which are solely attributable to government authority.

"Extension of time is being granted ...but the interest accrued on the loans given by the banks, for such delayed period, has resulted in the bank accounts of the concessionaires/EPC contractors becoming NPA," Kapila said adding that "as a result, the banks are unable to further service funds to such projects inordinately delaying their completion."

There have been cases when such contractors had abandoned such projects due to cost and time overrun.

"We urge the government that in such delayed BOT projects/EPC contracts...where delays are not attributable to the concessionaires and EPC contractors, the interest during such extended period could be directly given to the banks... This would then prevent the accounts of concessionaires/EPC contractors from becoming NPA," Kapila added.

He said this will also help in opening a window for further funding of the projects leading to their completion.

Moneycontrol |

FICCI committee urges govt to directly pay interest of delayed road projects to banks

In a bid to fast-track highway projects, industry body FICCI on July 15 urged the government to help the BOT and EPC concessionaires in the road sector by paying directly to banks for the interest accrued on loans by them in the delayed projects.

Many highway projects under the Build-Operate-Transfer (BOT) and Engineering, Procurement and Construction (EPC) mode are turning into NPAs due to heavy interest burden on account of delays in projects, FICCI's National Committee on Transport Infrastructure said in a statement.

According to K K Kapila, Co-chairperson FICCI's National Committee on Transport Infrastructure, major BOT projects/EPC contracts in the country have suffered substantial delays on account of land acquisition, utility clearances and environmental clearances, which are solely attributable to government authority.

"Extension of time is being granted ...but the interest accrued on the loans given by the banks, for such delayed period, has resulted in the bank accounts of the concessionaires/ EPC contractors becoming NPA," Kapila said adding that "as a result, the banks are unable to further service funds to such projects inordinately delaying their completion."

There have been cases when such contractors had abandoned such projects due to cost and time overrun.

"We urge the government that in such delayed BOT projects/EPC contracts...where delays are not attributable to the concessionaires and EPC contractors, the interest during such extended period could be directly given to the banks... This would then prevent the accounts of concessionaires/EPC contractors from becoming NPA," Kapila added.

He said this will also help in opening a window for further funding of the projects leading to their completion.

APN News |

FICCI's National committee on Transport Infrastructure

FICCI’s National Committee on Transport Infrastructure has urged the government to help the Build-Operate-Transfeer (BOT) and Engineering ,Procurement and Contruction (EPC) concessionaires in the road infra sector by paying directly to banks for the interest accured on loans by them in the road infra delayed projects .

“The Union government in its recent budget had announced that the public sector banks (PSBs) will be provided with a capital infusion of Rs 70,000 crore, giving a much-needed boost to the stressed banks who are under pressure owing to the rising Non Peforming Assets (NPA’s) . But several the Build-Operate-Transfeer (BOT) and Engineering ,Procurement and Contruction (EPC) contractors are becoming NPA’s due to heavy interest burden accured by them due to delay of projects “ said Mr K K Kapila, Co-chairperson , FICCI’s National Committee on Transport Infrastructure.

“Major BOT projects / EPC contracts in the country have suffered substantial delays on account of land acquisition, utility clearances and environmental clearances, which are solely attributable to the Government Authority. Whereas, Extension of Time is being granted by the Government Authority, but the interest accrued on the loans given by the Banks, for such delayed period, has resulted in the Bank accounts of the Concessionaires / EPC Contractors becoming NPA. As a result, the Banks are unable to further service funds to such projects inordinately delaying their completion.” Said Mr Kapila.

“We urge the government that in such delayed BOT projects / EPC contracts, interest accrued during the delayed period for which Extension of Time has been granted, where delays are not attributable to the Concessionaires and EPC Contractors, the Interest during such Extended Period could be directly given to the Banks from the budgetary allocation of capital infusion of Rs 70,000 crore. This would then prevent the accounts of the Concessionaires / EPC Contractors from becoming NPA.” Mr Kapila said.

“This will also help in opening a window for further funding of the projects leading to their completion. This would also help in completing several delayed BOT projects / EPC contracts and in reviving the highway sector, as well as provide necessary funding to the banks. As this liability is clearly that of the Government this action will also help create right environment for further BOT Projects and help to attract funds from overseas for such projects as well,” He added.

steelguru |

FICCI calls for inclusive rail freight policy

Business Line reported that industry body FICCI has suggested to the railways ministry various measures like inclusion of coal and coke in long-term tariff contract policy, to promote growth of steel industry. The policy was unveiled by the ministry for key customers using predetermined price escalation principle. FICCI also suggested rationalisation of freight class for iron ore, formulation of long-term policy on freight structure for short lead traffic, allocation of more rakes for movement of cargo for industries, and route rationalisation policy for iron ore and limestone. It also said it is essential to rationalise freight class for iron ore in view of the viability of domestic iron ore mining and steel sector.

It said that “Since a wide range of industrial segments ranging from metals to thermal power generation are dependent upon coal, coke and iron ore, these commodities should also be covered under the LTTC policy.”

FICCI noted that while this policy provides certainty in logistics operations to the industry and railways, there are exceptions in the policy and the most transported commodities - iron ore, coal and coke have been listed under excluded category.

Further, it said several railway routes carrying iron ore and limestones have been subjected to route rationalisation due to congestion in the railway network and delays in doubling /trebling of lines to ease the situation.

It said that “Therefore, route rationalisation needs to be reconsidered and corrected.”

The Hitavada |

FICCI for more inclusive LTTC policy of Rlys

Industry body FICCI has suggested to the railways ministry various measures Like inclusion of coal and coke in long-term tariff contract(LTTC) policy, to promote growth of steel industry. The policy was unveiled by the ministry for key customers using predetermined price escalation principle. FICCI also suggested rationalisation of freight class for iron ore, formulation of long-term policy on freight structure for short lead traffic, allocation of more rakes for movement of cargo for industries, and route rationalisation policy for iron ore and limestone.
It also said it is essential to rationalise freight class for iron ore in view of the viability of domestic iron ore mining and steel sector. “Since a wide range of industrial segments ranging from metals to thermal power generation are dependent upon coal, coke and iron ore, these commodities should also be covered under the LTTC policy,” it said.

Daily Excelsior |

FICCI for more inclusive LTTC policy of Railways

Industry body FICCI has suggested to the railways ministry various measures like inclusion of coal and coke in long-term tariff contract (LTTC) policy, to promote growth of steel industry.

The policy was unveiled by the ministry for key customers using predetermined price escalation principle.

FICCI also suggested rationalisation of freight class for iron ore, formulation of long-term policy on freight structure for short lead traffic, allocation of more rakes for movement of cargo for industries, and route rationalisation policy for iron ore and limestone.

It also said it is essential to rationalise freight class for iron ore in view of the viability of domestic iron ore mining and steel sector.

“Since a wide range of industrial segments ranging from metals to thermal power generation are dependent upon coal, coke and iron ore, these commodities should also be covered under the LTTC policy,” it said.

FICCI noted that while this policy provides certainty in logistics operations to the industry and railways, there are exceptions in the policy and the most transported commodities – iron ore, coal and coke have been listed under excluded category.

Further, it said several railway routes carrying iron ore and limestones have been subjected to route rationalisation due to congestion in the railway network and delays in doubling /trebling of lines to ease the situation.

“Therefore, route rationalisation needs to be reconsidered and corrected,” it said.

The Pioneer |

FICCI for more inclusive LTTC policy of Rlys

Industry body FICCI has suggested to the railways ministry various measures like inclusion of coal and coke in long-term tariff contract (LTTC) policy, to promote growth of steel industry.

The policy was unveiled by the ministry for key customers using predetermined price escalation principle.

FICCI also suggested rationalisation of freight class for iron ore, formulation of long-term policy on freight structure for short lead traffic, allocation of more rakes for movement of cargo for industries, and route rationalisation policy for iron ore and limestone.

It also said it is essential to rationalise freight class for iron ore in view of the viability of domestic iron ore mining and steel sector. “Since a wide range of industrial segments ranging from metals to thermal power generation are dependent upon coal, coke and iron ore, these commodities should also be covered under the LTTC policy,” it said.

FICCI noted that while this policy provides certainty in logistics operations to the industry and railways, there are exceptions in the policy and the most transported commodities — iron ore, coal and coke – have been listed under excluded category. Further, it said several railway routes carrying iron ore and limestones have been subjected to route rationalisation due to congestion in the railway network and delays in doubling /trebling of lines to ease the situation.

ET Energy World |

FICCI recommends inclusion of coal and coke in Railways tariff policy

Industry body FICCI has suggested to the railways ministry various measures like inclusion of coal and coke in long-term tariff contract(LTTC) policy, to promote growth of steel industry. The policy was unveiled by the ministry for key customers using predetermined price escalation principle.

FICCI also suggested rationalisation of freight class for iron ore, formulation of long-term policy on freight structure for short lead traffic, allocation of more rakes for movement of cargo for industries, and route rationalisation policy for iron ore and limestone.

It also said it is essential to rationalise freight class for iron ore in view of the viability of domestic iron ore mining and steel sector.

"Since a wide range of industrial segments ranging from metals to thermal power generation are dependent upon coal, coke and iron ore, these commodities should also be covered under the LTTC policy," it said.

FICCI noted that while this policy provides certainty in logistics operations to the industry and railways, there are exceptions in the policy and the most transported commodities - iron ore, coal and coke have been listed under excluded category.

Further, it said several railway routes carrying iron ore and limestones have been subjected to route rationalisation due to congestion in the railway network and delays in doubling /trebling of lines to ease the situation.

"Therefore, route rationalisation needs to be reconsidered and corrected," it said.

Business Standard |

FICCI for more inclusive LTTC policy of Railways

Industry body FICCI has suggested to the railways ministry various measures like inclusion of coal and coke in long-term tariff contract (LTTC) policy, to promote growth of steel industry.

The policy was unveiled by the ministry for key customers using predetermined price escalation principle.

FICCI also suggested rationalisation of freight class for iron ore, formulation of long-term policy on freight structure for short lead traffic, allocation of more rakes for movement of cargo for industries, and route rationalisation policy for iron ore and limestone.

It also said it is essential to rationalise freight class for iron ore in view of the viability of domestic iron ore mining and steel sector.

"Since a wide range of industrial segments ranging from metals to thermal power generation are dependent upon coal, coke and iron ore, these commodities should also be covered under the LTTC policy," it said.

FICCI noted that while this policy provides certainty in logistics operations to the industry and railways, there are exceptions in the policy and the most transported commodities - iron ore, coal and coke have been listed under excluded category.

Further, it said several railway routes carrying iron ore and limestones have been subjected to route rationalisation due to congestion in the railway network and delays in doubling /trebling of lines to ease the situation.

"Therefore, route rationalisation needs to be reconsidered and corrected," it said.

The Times of India |

FICCI for more inclusive LTTC policy of Railways

Industry body FICCI has suggested to the railways ministry various measures like inclusion of coal and coke in long-term tariff contract(LTTC) policy, to promote growth of steel industry.

The policy was unveiled by the ministry for key customers using predetermined price escalation principle.

FICCI also suggested rationalisation of freight class for iron ore, formulation of long-term policy on freight structure for short lead traffic, allocation of more rakes for movement of cargo for industries, and route rationalisation policy for iron ore and limestone.

It also said it is essential to rationalise freight class for iron ore in view of the viability of domestic iron ore mining and steel sector.

"Since a wide range of industrial segments ranging from metals to thermal power generation are dependent upon coal, coke and iron ore, these commodities should also be covered under the LTTC policy," it said.

FICCI noted that while this policy provides certainty in logistics operations to the industry and railways, there are exceptions in the policy and the most transported commodities - iron ore, coal and coke have been listed under excluded category.

Further, it said several railway routes carrying iron ore and limestones have been subjected to route rationalisation due to congestion in the railway network and delays in doubling /trebling of lines to ease the situation.

"Therefore, route rationalisation needs to be reconsidered and corrected," it said.

The Hindu Business Line |

FICCI for inclusive rail freight policy

Industry body FICCI has suggested to the railways ministry various measures like inclusion of coal and coke in long-term tariff contract (LTTC) policy, to promote growth of steel industry.

The policy was unveiled by the ministry for key customers using predetermined price escalation principle.

FICCI also suggested rationalisation of freight class for iron ore, formulation of long-term policy on freight structure for short lead traffic, allocation of more rakes for movement of cargo for industries, and route rationalisation policy for iron ore and limestone.

It also said it is essential to rationalise freight class for iron ore in view of the viability of domestic iron ore mining and steel sector.

“Since a wide range of industrial segments ranging from metals to thermal power generation are dependent upon coal, coke and iron ore, these commodities should also be covered under the LTTC policy,” it said.

FICCI noted that while this policy provides certainty in logistics operations to the industry and railways, there are exceptions in the policy and the most transported commodities - iron ore, coal and coke have been listed under excluded category.

Route rationalisation

Further, it said several railway routes carrying iron ore and limestones have been subjected to route rationalisation due to congestion in the railway network and delays in doubling /trebling of lines to ease the situation.

“Therefore, route rationalisation needs to be reconsidered and corrected,” it said.

Outlook |

FICCI for more inclusive LTTC policy of Railways

Industry body FICCI has suggested to the railways ministry various measures like inclusion of coal and coke in long-term tariff contract(LTTC) policy, to promote growth of steel industry.

The policy was unveiled by the ministry for key customers using predetermined price escalation principle.

FICCI also suggested rationalisation of freight class for iron ore, formulation of long-term policy on freight structure for short lead traffic, allocation of more rakes for movement of cargo for industries, and route rationalisation policy for iron ore and limestone.

It also said it is essential to rationalise freight class for iron ore in view of the viability of domestic iron ore mining and steel sector.

"Since a wide range of industrial segments ranging from metals to thermal power generation are dependent upon coal, coke and iron ore, these commodities should also be covered under the LTTC policy," it said.

FICCI noted that while this policy provides certainty in logistics operations to the industry and railways, there are exceptions in the policy and the most transported commodities - iron ore, coal and coke have been listed under excluded category.

Further, it said several railway routes carrying iron ore and limestones have been subjected to route rationalisation due to congestion in the railway network and delays in doubling /trebling of lines to ease the situation.

"Therefore, route rationalisation needs to be reconsidered and corrected," it said.

Devdiscourse |

FICCI for more inclusive LTTC policy of Railways

Industry body FICCI has suggested to the railways ministry various measures like inclusion of coal and coke in long-term tariff contract (LTTC) policy, to promote growth of steel industry.

The policy was unveiled by the ministry for key customers using predetermined price escalation principle. FICCI also suggested rationalisation of freight class for iron ore, formulation of long-term policy on freight structure for short lead traffic, allocation of more rakes for movement of cargo for industries, and route rationalisation policy for iron ore and limestone.

It also said it is essential to rationalise freight class for iron ore in view of the viability of domestic iron ore mining and steel sector. "Since a wide range of industrial segments ranging from metals to thermal power generation are dependent upon coal, coke and iron ore, these commodities should also be covered under the LTTC policy," it said.

FICCI noted that while this policy provides certainty in logistics operations to the industry and railways, there are exceptions in the policy and the most transported commodities - iron ore, coal and coke have been listed under excluded category. Further, it said several railway routes carrying iron ore and limestones have been subjected to route rationalisation due to congestion in the railway network and delays in doubling /trebling of lines to ease the situation.

"Therefore, route rationalisation needs to be reconsidered and corrected," it said.

Business Standard |

Air cargo operations need to automate systems, streamline processes: report

The air cargo industry in India continues to be dominated by paper-driven legacy systems and procedures which are time-consuming and expensive to comply with, according to a new report by global consulting major Deloitte and industry body FICCI.

Among the major impediments are lack of a single-window mechanism for regulatory clearance, mandatory inspection rather than a declaration of cargo, cumbersome information requirements and approval procedures for non-scheduled freight operations by the Directorate General of Civil Aviation.

Simplifying and integrating compliance processes will enable the air freight sector to realise its potential, said the report titled 'Indian aviation: Bracing to ride out headwinds.'

"Clearly, there is a need to expedite some of the technology initiatives to not just automate all information systems but also to streamline redundant processes and regulations."

On the other hand, the industry must expand its reach by tapping unserved regions with smaller freighters and connecting them to mainland hubs.

"There is a need to integrate air cargo infrastructure with the country's overall logistics infrastructure -- with the likes of multi-modal logistics hubs specifically catering to airports -- and create hubs for trans-shipment of air cargo by simplifying processes," said the report.

The industry should also provide ancillary infrastructure to shippers across the entire value chain for end-to-end connectivity. This should ideally include adequate facilities for storage and other value-added services.

Foreign carriers like Emirates, Qatar, Cathay Pacific and Lufthansa currently dominate international air cargo space in the country.

While the Indian carriers seem to have missed this opportunity, the government could explore certain policy initiatives to support them in establishing reliable freighter operations with adequate frequencies until these routes become self-sustainable.

Deccan Chronicle |

Air cargo operations need to automate systems, streamline processes: report

The air cargo industry in India continues to be dominated by paper-driven legacy systems and procedures which are time-consuming and expensive to comply with, according to a new report by global consulting major Deloitte and industry body FICCI.

Among the major impediments are lack of a single-window mechanism for regulatory clearance, mandatory inspection rather than a declaration of cargo, cumbersome information requirements and approval procedures for non-scheduled freight operations by the Directorate General of Civil Aviation.

Simplifying and integrating compliance processes will enable the air freight sector to realise its potential, said the report titled 'Indian aviation: Bracing to ride out headwinds.'

"Clearly, there is a need to expedite some of the technology initiatives to not just automate all information systems but also to streamline redundant processes and regulations."

On the other hand, the industry must expand its reach by tapping unserved regions with smaller freighters and connecting them to mainland hubs.

"There is a need to integrate air cargo infrastructure with the country's overall logistics infrastructure -- with the likes of multi-modal logistics hubs specifically catering to airports -- and create hubs for trans-shipment of air cargo by simplifying processes," said the report.

The industry should also provide ancillary infrastructure to shippers across the entire value chain for end-to-end connectivity. This should ideally include adequate facilities for storage and other value-added services.

Foreign carriers like Emirates, Qatar, Cathay Pacific and Lufthansa currently dominate international air cargo space in the country.

While the Indian carriers seem to have missed this opportunity, the government could explore certain policy initiatives to support them in establishing reliable freighter operations with adequate frequencies until these routes become self-sustainable.

Deccan Chronicle |

DGFT provided resources to revamp IT infrastructure: Prabhu

The government has allocated Rs 132 crore to the Directorate General of Foreign Trade (DGFT) to revamp IT infrastructure to upgrade logistics for promoting smooth movement of goods and services in the country, Union Minister Suresh Prabhu said on Tuesday.

Prabhu said an efficient and cost-effective logistics framework would provide huge business opportunities.

"The government has allocated Rs 132 crore to the DGFT to revamp IT infrastructure for upgradation of logistics in a bid to provide paperless, faceless and transparent solutions to the problems faced by industry and trade in the movement of goods and services across the country," industry body FICCI said quoting the minister.

He was speaking at a FICCI programme on logistics.

Prabhu also launched the 'Safar' app on logistics that would access the ground-level feedback from transporters and iron out the delays at the state borders.

Speaking at the function Binoy Kumar, secretary of the Ministry of Steel, urged the stakeholders to suggest solutions to lend efficiencies in the system for reducing transaction costs and improve the ease of doing business.

The Asian Age |

DGFT provided resources to revamp IT infrastructure: Prabhu

The government has allocated Rs 132 crore to the Directorate General of Foreign Trade (DGFT) to revamp IT infrastructure to upgrade logistics for promoting smooth movement of goods and services in the country, Union Minister Suresh Prabhu said on Tuesday.

Prabhu said an efficient and cost-effective logistics framework would provide huge business opportunities.

"The government has allocated Rs 132 crore to the DGFT to revamp IT infrastructure for upgradation of logistics in a bid to provide paperless, faceless and transparent solutions to the problems faced by industry and trade in the movement of goods and services across the country," industry body FICCI said quoting the minister.

He was speaking at a FICCI programme on logistics.

Prabhu also launched the 'Safar' app on logistics that would access the ground-level feedback from transporters and iron out the delays at the state borders.

Speaking at the function Binoy Kumar, secretary of the Ministry of Steel, urged the stakeholders to suggest solutions to lend efficiencies in the system for reducing transaction costs and improve the ease of doing business.

Daily Excelsior |

DGFT to revamp IT infrastructure to boost logistics sector: Prabhu

The Government has allocated Rs 132 crore to the Directorate General of Foreign Trade (DGFT) to revamp IT infrastructure for upgrading logistics in a bid to provide paperless, faceless and transparent solutions to the problems faced by industry and trade in the movement of goods and services across the country.

This was stated by Commerce and Industry Minister Suresh Prabhu while addressing the ‘National Conference on Logistics Policy’, organised by FICCI jointly with the Department of Commerce.

Mr Prabhu said an efficient and cost-effective logistics framework would provide industries in the logistics business with huge business opportunities while giving a boost to service sector at a time when the Government was working on a new agriculture export policy.

A well-coordinated and integrated logistics policy also has the potential for making the industry the largest employment generator in the country, he added.

The primary objective of the draft National Logistics Policy 2018 is to facilitate integrated development of the logistics sector in the country.

It aims to strengthen and prioritise the key objectives, focus areas and the governance framework for logistics and also clarifies the role of the various stakeholders including Central ministries, State Governments and other key regulatory bodies.

The draft policy seeks to create a single point of reference for all logistics and trade facilitation matters in the country which will also function as a knowledge and information sharing platform.

The policy also aims to drive logistics cost as a percentage of GDP down from an estimated level of 13-14 per cent to 10 per cent in line with best-in-class global standards.

Mr Prabhu also launched the ‘Safar’ app on logistics that would access the ground-level feedback from transporters and iron out the delays at the state borders.

Steel Ministry Secretary Binoy Kumar urged the stakeholders to suggest solutions to lend efficiencies in the system for reducing transaction costs and improve the ease of doing business.

The draft policy, he said, seeks to bring the multifarious agencies under one platform for seamless interaction, adding that the success of the policy will rest on the integration of the numerous platforms in the logistics and transport sector and at the state level.

Business Standard |

DGFT provided resources to revamp IT infrastructure for boosting logistics sector: Prabhu

The government has allocated Rs 132 crore to the Directorate General of Foreign Trade (DGFT) to revamp IT infrastructure to upgrade logistics for promoting smooth movement of goods and services in the country, Union Minister Suresh Prabhu said Tuesday.

Prabhu said an efficient and cost-effective logistics framework would provide huge business opportunities.

"The government has allocated Rs 132 crore to the DGFT to revamp IT infrastructure for upgradation of logistics in a bid to provide paperless, faceless and transparent solutions to the problems faced by industry and trade in the movement of goods and services across the country," industry body FICCI said quoting the minister.

He was speaking at a FICCI programme on logistics.

Prabhu also launched the 'Safar' app on logistics that would access the ground-level feedback from transporters and iron out the delays at the state borders.

Speaking at the function Binoy Kumar, secretary of the Ministry of Steel, urged the stakeholders to suggest solutions to lend efficiencies in the system for reducing transaction costs and improve the ease of doing business.

Business Standard |

DGFT armed with fresh resources to revamp IT infrastructure to boost logistics sector: Suresh Prabhu

Govt allocates Rs 132 crore to DGFT to revamp IT infrastructure for upgradation of logistics

The government has allocated Rs 132 crore to the Directorate General of Foreign Trade (DGFT) to revamp IT infrastructure for upgradation of logistics in a bid to provide paperless, faceless and transparent solutions to the problems faced by industry and trade in the movement of goods and services across the country.

This was stated here today by Commerce and Industry Minister, Suresh Prabhu while addressing the 'National Conference on Logistics Policy', organised by FICCI jointly with the Department of Commerce.

Suresh Prabhu said that an efficient and cost-effective logistics framework would provide industries in the logistics business with huge business opportunities while giving a boost to service sector at a time when the government was working on a new agriculture export policy. A well-coordinated and integrated logistics policy also has the potential for making the industry the largest employment generator in the country.

The primary objective of the draft National Logistics Policy 2018 is to facilitate integrated development of the logistics sector in the country. It aims to strengthen and prioritize the key objectives, focus areas and the governance framework for logistics and also clarifies the role of the various stakeholders including central ministries, state governments and other key regulatory bodies

The draft policy seeks to create a single point of reference for all logistics and trade facilitation matters in the country which will also function as a knowledge and information sharing platform. It also aims to drive logistics cost as a percentage of GDP down from an estimated level of 13-14% to 10% in line with best-in-class global standards.

Minister Prabhu launched the 'Safar' App on logistics that would access the ground-level feedback from transporters and iron out the delays at the state borders.

Binoy Kumar, Secretary, Ministry of Steel, urged the stakeholders to suggest solutions to lend efficiencies in the system for reducing transaction costs and improve the ease of doing business.

The draft policy, he said, seeks to bring the multifarious agencies under one platform for seamless interaction, adding that the success of the policy will rest on the integration of the numerous platforms in the logistics and transport sector and at the state level.

N. Sivasailam, Special Secretary (Logistics), Ministry of Commerce and Industry, said that the effort now is make the logistics policy work on the ground for which measurable benchmarks for the next three to five years would be crucial. He solicited inputs from the stakeholders on the time period for fructification of projects and a dispassionate assessment of the adequacy of the policy instruments contained in the draft policy.

Y. K. Modi, Past President, FICCI, said that the advent of GST had made it easier for inland trade movement as most businesses were experiencing easier and quicker movement of goods. While welcoming the draft national logistics policy, he called upon industry to examine the glitches in the policy framework with the aim of making the country the most efficient logistics provider in the world.

Anant Swarup, Joint Secretary, Ministry of Commerce and Industry made a presentation on the draft logistics policy, highlighting its key objectives and the distinction between policy and the national logistics action plan.

live mint |

DGFT provided resources to revamp IT infrastructure for boosting logistics sector: Prabhu

The government has allocated ₹132 crore to the Directorate General of Foreign Trade (DGFT) to revamp IT infrastructure to upgrade logistics for promoting smooth movement of goods and services in the country, Union Minister Suresh Prabhu said Tuesday.

Prabhu said an efficient and cost-effective logistics framework would provide huge business opportunities.

"The government has allocated ₹132 crore to the DGFT to revamp IT infrastructure for upgradation of logistics in a bid to provide paperless, faceless and transparent solutions to the problems faced by industry and trade in the movement of goods and services across the country," industry body FICCI said quoting the minister.

He was speaking at a FICCI programme on logistics.

Prabhu also launched the 'Safar' app on logistics that would access the ground-level feedback from transporters and iron out the delays at the state borders.

Speaking at the function Binoy Kumar, secretary of the Ministry of Steel, urged the stakeholders to suggest solutions to lend efficiencies in the system for reducing transaction costs and improve the ease of doing business.

United News of India |

DGFT to revamp IT infrastructure to boost logistics sector: Prabhu

The government has allocated Rs 132 crore to the Directorate General of Foreign Trade (DGFT) to revamp IT infrastructure for upgrading logistics in a bid to provide paperless, faceless and transparent solutions to the problems faced by industry and trade in the movement of goods and services across the country.

This was stated by Commerce and Industry Minister Suresh Prabhu while addressing the 'National Conference on Logistics Policy', organised by FICCI jointly with the Department of Commerce.

Mr Prabhu said an efficient and cost-effective logistics framework would provide industries in the logistics business with huge business opportunities while giving a boost to service sector at a time when the government was working on a new agriculture export policy.

A well-coordinated and integrated logistics policy also has the potential for making the industry the largest employment generator in the country, he added.

The primary objective of the draft National Logistics Policy 2018 is to facilitate integrated development of the logistics sector in the country. It aims to strengthen and prioritise the key objectives, focus areas and the governance framework for logistics and also clarifies the role of the various stakeholders including central ministries, state governments and other key regulatory bodies.

The draft policy seeks to create a single point of reference for all logistics and trade facilitation matters in the country which will also function as a knowledge and information sharing platform.

The policy also aims to drive logistics cost as a percentage of GDP down from an estimated level of 13-14 per cent to 10 per cent in line with best-in-class global standards.

Mr Prabhu also launched the 'Safar' app on logistics that would access the ground-level feedback from transporters and iron out the delays at the state borders.

Steel Ministry Secretary Binoy Kumar urged the stakeholders to suggest solutions to lend efficiencies in the system for reducing transaction costs and improve the ease of doing business.

The draft policy, he said, seeks to bring the multifarious agencies under one platform for seamless interaction, adding that the success of the policy will rest on the integration of the numerous platforms in the logistics and transport sector and at the state level.

KNN |

DGFT equipped with fresh resources to revamp IT infrastructure to boost logistics sector: Prabhu

The government has allocated Rs 132 crore to the Directorate General of Foreign Trade (DGFT) to revamp IT infrastructure for upgradation of logistics in a bid to provide paperless, faceless and transparent solutions to the problems faced by industry and trade in the movement of goods and services across the country.

This was stated by Commerce and Industry Minister, Suresh Prabhu while addressing the 'National Conference on Logistics Policy', organised by Federation of Indian Chambers of Commerce and Industry (FICCI) jointly with the Department of Commerce here today.

On the occasion, Prabhu also launched the 'Safar' App on logistics that would access the ground-level feedback from transporters and iron out the delays at the state borders.

Addressing the gathering, Prabhu said that an efficient and cost-effective logistics framework would provide industries in the logistics business with huge business opportunities while giving a boost to service sector at a time when the government was working on a new agriculture export policy.

He stated that the primary objective of draft National Logistics Policy 2018 is to facilitate integrated development of the logistics sector in the country.

It aims to strengthen and prioritize the key objectives, focus areas and the governance framework for logistics and also clarifies the role of the various stakeholders including central ministries, state governments and other key regulatory bodies, Prabhu pointed.

He said “The draft policy seeks to create a single point of reference for all logistics and trade facilitation matters in the country which will also function as a knowledge and information sharing platform. It also aims to drive logistics cost as a percentage of GDP down from an estimated level of 13-14% to 10% in line with best-in-class global standards.”

Secretary, Ministry of Steel, Binoy Kumar, urged the stakeholders to suggest solutions to lend efficiencies in the system for reducing transaction costs and improve the ease of doing business.

The draft policy, he said, seeks to bring the multifarious agencies under one platform for seamless interaction, adding that the success of the policy will rest on the integration of the numerous platforms in the logistics and transport sector and at the state level.

Speaking on the occasion, Special Secretary (Logistics), Ministry of Commerce and Industry, N. Sivasailam said that the effort now is make the logistics policy work on the ground for which measurable benchmarks for the next three to five years would be crucial.

He solicited inputs from the stakeholders on the time period for fructification of projects and a dispassionate assessment of the adequacy of the policy instruments contained in the draft policy.

Devdiscourse |

IT sector to get a facelift, govt allocates Rs 132 crore to DGFT

The government has allocated Rs 132 crore to the Directorate General of Foreign Trade (DGFT) to revamp IT infrastructure to upgrade logistics for promoting smooth movement of goods and services in the country, Union Minister Suresh Prabhu said Tuesday. Prabhu said an efficient and cost-effective logistics framework would provide huge business opportunities.

"The government has allocated Rs 132 crore to the DGFT to revamp IT infrastructure for upgradation of logistics in a bid to provide paperless, faceless and transparent solutions to the problems faced by industry and trade in the movement of goods and services across the country," industry body FICCI said quoting the minister. He was speaking at a FICCI programme on logistics.

Prabhu also launched the 'Safar' app on logistics that would access the ground-level feedback from transporters and iron out the delays at the state borders. Speaking at the function Binoy Kumar, secretary of the Ministry of Steel, urged the stakeholders to suggest solutions to lend efficiencies in the system for reducing transaction costs and improve the ease of doing business.

5 Dariya News |

Nitin Gadkari addresses the Sustainable Blue Economy Conference in Nairobi

Nitin Gadkari, Union Minister for Shipping, Road Transport & Highways, Water Resources, River Development & Ganga Rejuvenation has said that India endorses the growth of the Blue Economy in a sustainable, inclusive and people centred manner through the framework of the Indian Ocean Rim Association (IORA). He said the Blue Economy remains a critical aspect of India’s economic development agenda, and more than 95% of our trade is being carried on by sea. The Minister was speaking at the Sustainable Blue Economy Conference in Nairobi today. Kenya is hosting the two day conference with Canada and Japan as co-hosts.Emphasizing the importance that India lays on developing its maritime resources Shri Gadkari said that our National Vision in this regard is clearly articulated in the term “SAGAR”- Security and Growth for All in the Region coined by our Prime Minister Shri Narendra Modi. He said that Prime Minister says that the Blue Chakra of India’s national flag represents the potential of the Blue Economy, and gave assurance that the Ministry of Shipping, Government of India is committed to realising its full potential.Gadkari talked about the government’s ambitious Sagarmala Programme and how it is poised to revolutionize maritime logistics and port led developments in India. He said the programme has identified 600 plus projects entailing a huge investment of $120 billion (around Rs 8 lakh crore) by 2020.

This in turn would save India $6 billion per annum in logistics costs besides creating 10 million new jobs and boosting port capacity by 800 Million Metric Tonne per Annum (MMTPA) to an overall 3500 MMTPA. Coastal Economic Zones (CEZs) are being developed with a proposed investment of $ 150 Million per location under the programme. These will become a microcosm of the blue economy, with the growth of industries and townships that depend on the sea and contribute to global trade through sea connectivity. He further informed that the programme is also focussing on the development of coastal communities and people through skill gap analysis, skill development centres to train coastal communities in the sustainable use of ocean resources, modern fishing techniques and coastal tourism. An investment of $1.10 Bn is planned across various coastal districts in India for this purpose. In addition to this, several green initiatives are also being taken in the coastal regions like 31 MW of captive solar power generation being planned at various ports,installation of oil spill response facilities and study to identify ways to re-use waste water at ports.Talking about the important role of the private sector for sustainable growth Shri Gadkari said the Federation of Indian Chambers of Commerce and Industry (FICCI), took lead in 2016-2017 by establishing a taskforce to develop a business model on India’s engagement in the blue economy sector.

Nitin Gadkari also held discussions with Mr James Wainaina Macharia, the Kenyan Cabinet Secretary (Minister) Transport, Infrastructure, Housing and Urban Development, during which he offered India’s cooperation to Kenya for ship-building, vessels for coast guard, fishing trawlers. He invited the Kenyan Minister to visit India and see the expertise of Cochin Shipyard Ltd in building ships, which would be required by the newly established Coast Guard of Kenya, and also fishing trawlers for deep sea fishing.Shri Gadkari further highlighted the development of electric cars and vehicles in India which could have market in Kenya. He also offered to encourage Indian car manufacturers to set up assembly plants in Kenya for the African market.The Kenyan Minister offered cooperation to India for activating ship building in Kenya. He further suggested that the bilateral cooperation could extend beyond blue economy to other areas. He highlighted the existing medical tourism from his country to India and said enhancing direct flights would encourage this business for mutual benefit. He further suggested that given the strength of two wheeler manufacturing in India, and the big market for it in Kenya and rest of Africa, this could be a good investment opportunity for Indian companies.The Kenyan Minister said he looked forward to visiting India. Official level meetings are to be organised between the two countries to prepare an agenda for Minister level meeting later in India.

Moneycontrol |

Blue economy a critical aspect of India's economic development agenda: Nitin Gadkari

Union Minister Nitin Gadkari said the blue economy is a critical aspect of the India's economic development agenda and the country endorses its growth in a sustainable manner.

Transport and Shipping Minister Gadkari, who is in Kenya to attend a conference on the blue economy, also said that Africa could be a good market for Indian electric vehicles and two-wheelers.

"India endorses the growth of the blue economy in a sustainable, inclusive and people centred manner through the framework of the Indian Ocean Rim Association (IORA)," Gadkari was quoted as said at the conference in Nairobi in a statement by the Ministry of Shipping.

He said the blue economy remains a critical aspect of India's economic development agenda, and more than 95 percent of the country's trade is being carried on by sea.

The minister was speaking at the 'Sustainable Blue Economy Conference' in Nairobi, hosted by Kenya with Canada and Japan as co-hosts.

"Emphasising the importance that India lays on developing its maritime resources, Gadkari said that our National Vision in this regard is clearly articulated in the term SAGAR - Security and Growth for All in the Region - coined by Prime Minister Narendra Modi. He said that Prime Minister says that the 'blue chakra' of India's national flag represents the potential of the blue economy, and gave assurance that the Ministry of Shipping is committed to realising its full potential," the statement said.

The minister talked about the government's ambitious Sagarmala Programme and how it is poised to revolutionise maritime logistics and port led developments in India.

He said the programme has identified 600 plus projects entailing a huge investment of $120 billion (around Rs 8 lakh crore) by 2020.

This in turn would save India $6 billion per annum in logistics costs besides creating 10 million new jobs and boosting port capacity by 800 million metric tonne per annum (MMTPA) to an overall 3,500 MMTPA, the statement said adding that Coastal Economic Zones (CEZs) are being developed with a proposed investment of $150 million per location under the programme.

The minister said the programme is also focussing on the development of coastal communities and people through skill gap analysis, skill development centres to train coastal communities in the sustainable use of ocean resources, modern fishing techniques and coastal tourism.

"An investment of $1.10 billion is planned across various coastal districts in India for this purpose. In addition to this, several green initiatives are also being taken in the coastal regions like 31 MW of captive solar power generation being planned at various ports, installation of oil spill response facilities and study to identify ways to re-use waste water at ports," the statement said.

Talking about the important role of the private sector for sustainable growth, the minister said that industry body FICCI took lead in 2016-2017 by establishing a task force to develop a business model on India's engagement in the blue economy sector.

Gadkari also held discussions with James Wainaina Macharia, the Kenyan Cabinet Secretary (Minister) Transport, Infrastructure, Housing and Urban Development, during which he offered India's cooperation to Kenya for ship-building, vessels for coast guard, fishing trawlers.

He invited the Kenyan Minister to visit India and see the expertise of Cochin Shipyard Ltd in building ships, which would be required by the newly established Coast Guard of Kenya, and also fishing trawlers for deep sea fishing.

"Gadkari further highlighted the development of electric cars and vehicles in India which could have market in Kenya. He also offered to encourage Indian car manufacturers to set up assembly plants in Kenya for the African market," the statement said.

Business Standard |

Railways to convert diesel locomotives to electric, says Piyush Goyal

The Indian Railways will convert the existing diesel locomotives to electric locomotives, while the diesel locomotives that General Electric (GE) will come out with will be used in border areas as a backup.

"We are looking at electrification in a big way. That is going to save us nearly $2 billion a year which otherwise I will have to charge to passengers of the country," Union railway minister Piyush Goyal said addressing a FICCI summit in Delhi today.

He added the Railways is looking for conversion of existing diesel locomotives to electric ones at a cheaper cost, compared to refurbishment. "The engines given by Nalin Jain (president and chief executive officer, international of GE Transportation) can be used as back up across the country in border areas, for maintenance purposes whenever electrification needs to be repaired or set up. So we will have engines which are super-efficient as back up," Goyal said. Jain was also present at the summit.

The minister's comment is coming at a time when the Comptroller and Auditor General (CAG) stated that GE's plan to come up with a diesel locomotive manufacturing unit at Marhowra in Bihar was not “in sync with the overall strategic vision of Railways”.

The report stated the Railways themselves had decided to significantly reduce in-house production of diesel locomotives at Varanasi from 2019-20. Hence, setting up a new infrastructure for production of diesel locomotives and incurring a huge liability of Rs 171.26 billion was not in sync with the Railways’ strategic vision.

Earlier, Goyal's comment on converting the GE plant to electric, to achieve 100 per cent electrification of railways, had triggered a controversy. "Look at the huge impact it will have on the carbon footprint of the country. When you have one type of system, the cost of maintenance, spares and training of employees will also come down," the minister added.

The Railways had entered into a contract with GE to supply 1,000 fuel-efficient Evolution series locomotives in November 2015. The $2.5-billion contract was for 11 years. The deal, involving an investment of $200 million by GE, is expected to create at least 6,000 direct and indirect jobs, with 30 per cent of the workforce being women.

In line with the government’s Make in India push, the company is importing only 40 locomotives, as against the 100 it had planned under the contract with the Railways.

The Indian Railways plans to complete electrification of its broad-gauge routes by 2021. It will also run freight trains in dedicated freight corridors on electricity. Even if the Railways do not go for 100 per cent electrification, it is expected that most of the high-traffic routes would be electrified and the need for diesel traction would remain only for low-traffic routes.

Financial Express |

GE's diesel locomotives to be used as back-up: Piyush Goyal

Clearing the air on what the Indian Railways intends to do with diesel locomotives to be supplied by GE in the coming years at a time when the transporter is expeditiously electrifying its routes, railway minister Piyush Goyal on Tuesday said these locomotives would be used as “back-ups”.

Speaking at the Smart Railways Conclave organised by the Federation of Indian Chambers of Commerce and Industry, a lobby group, Goyal said: “The engines given by GE can be used as back up across the country, in border areas, for maintenance purposes whenever electrification needs to be repaired or set up. So we will have engines which are super-efficient as back up.”

He also added that the railways has engineered a way to convert diesel locomotives into electric ones. As and when the existing engines are coming up for overhauling, at the cost that the railways would have spent to overhaul the old diesel engine, for the same amount or less, the carrier is able to convert it into an electric locomotive. “So instead of having a refurbished diesel locomotive, we get a new electric locomotive,” said Goyal.

The proposal to set up a locomotive unit at Marhowra in Bihar was made by the railways in September 2006 and GE was awarded the contract in November 2015. The railways is to pay GE Rs 14,656 crore for assured off-take of 1,000 engines apart from Rs 2,228-crore as maintenance fee.

The US-based company has already supplied two locomotives. However, last year the ministry of railways announced that it will go for massive electrification of routes and by 2021, all routes will be electrified saving the carrier Rs 11,500 crore as energy cost annually. “We are looking at electrification in a big way. That is going to save us nearly $2 billion a year which otherwise I will have to charge to passengers of the country,” said Goyal on Tuesday. At present, 42% of the approximately 66,000 km route of the railways is electrified.

The railways has also stopped manufacturing of diesel locomotives from its Patiala unit, and the Varanasi unit will also stop production of such units from FY20.

These events led to the Comptroller and Auditor General of India earlier this year questioning the purpose of setting up the GE unit in Bihar. The auditor has said that the new unit is “not in sync with the overall strategic vision” of the Indian Railways which is electrifying most of its high-speed routes. It added that the diesel locomotives procured under the agreement with GE would have no scope for productive use in future, given the electrification drive for the railways’ own network and also the dedicated freight corridor, which will be run fully on electricity.

Goyal said that apart from savings in terms of energy as well as impact on the environment, there are other advantages as well of having a fleet of all-electric locomotives. “When you have one type of system, the cost of maintenance, spares and training of employees comes down,” he added.

The Hindu Business Line |

6,000 railway stations to get Wi-Fi connectivity

Stressing the need for highspeed internet connectivity in the remotest parts of the country, Railway Minister Piyush Goyal on Tuesday said about 6,000 railway stations will become Wi Fi enabled in six-eight months.

“We believe that if we have to leverage digital technology, the basic thing is to ensure access to technology in the remotest part of the country,” he said at the ‘Smart Railways Conclave’ organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) here.

He said that the Railways is working on a programme to ensure last-mile connectivity, Railways Minister Piyush Goyal at a conclave organised by FICCI in New Delhi on Tuesday wherever there is no fibre optics network.

“We are hopeful that in the next six-eight months, all railway stations other than halt stations — about 6,000 stations — will be Wi Fi enabled,” the Minister said.

Smart projects

“We are focusing on the implementation of smart projects. We will have to start thinking, planning and working smartly. I think that’s the change that you must have seen in the last four years,” he added.

Goyal emphasised on the punctuality of trains and said that between April 1 and August 28, punctuality had improved to 73-74 per cent due to the installation of data loggers at interchange points. These ensure computer-generated timings instead of the station master recording the timings.

“We are working on putting GPS on every locomotive so that we will have every train marked on mobile phones, knowing exactly where they are,” he said.

“We are looking at electrification in a big way, which will save $2 billion every year, which otherwise I would have to charge the passengers. With efficient Railways, we won’t have to burden the poor,” he said.

millenniumpost |

Perform or perish: Piyush to industries

In a strong message to captains of the industry, Railways Minister Piyush Goyal said on Monday that they have to be smart to stay in the business as the government is not going to offer the olive branch and protect them by offering a bouquet of privileges.

In reply to the demands of industry for relaxations in GST, tendering process, etc, the Railways Ministry made it very clear that those who are incompetent should either hone up their skills or better keep away from government works as his first responsibility is to improve railways and its benefits.

While speaking at the 'Smart Railways Conclave', which was organised by Federation of Indian Chambers of Commerce and Industry (FICCI), the minister said, "The government under the leadership of Prime Minister Narendra Modi believes in transparency and the online tendering process has been started to make everything transparent. The government is not going to customise any tender document as per your need."

"Those who will offer low price and better technology, only they would get work orders," Goyal said. Refusing to reduce the GST rates, the minister said that the first rule of GST is to provide equal opportunity for all and in such a situation, such demand is ineffective.

Talking about the modernisation of Railways, the minister said that around 6,000 railway stations would be wi-fi-enabled in the next six-eight months.

"We believe that if we have to leverage digital technology, the basic ingredient is to ensure access to technology in the remotest part of the country. The railways is working on a programme to ensure the last mile connectivity wherever we do not have fibre optics in our network. We are hopeful that in the next six-to-eight months, all railway stations, other than the halt stations, about 6,000 stations will be wi-fi-enabled," he said.

On punctuality of trains, the minister said that between April 1 and now, punctuality has improved to 73-74 per cent as the railways has made a change by replacing the manual recording of time by station masters with data loggers placed at interchange points across the network that ensure computer generated time.

"We are working on putting a GPS device on every locomotive so that we will have every train marked on mobile phone, knowing exactly where they are," he said, adding that the railways was embarking on making itself efficient in a big way which will save $2 billion every year, which otherwise would have to be passed on to the passengers.

On the upgradation of coaches, the minister said that railways has developed more coaches in one year, compared to what it produced under 10 years of UPA rule. "In the last year alone we have produced 2,385 Linke Hofmann Busch (LHB) coaches in the country, meeting not just our domestic needs but also some exports," Goyal said.

The Tribune |

Goyal: Rlys to soon become smart, safe

In a bid to make the Indian Railways “smart, safe and punctual”, Minister of Railways Piyush Goyal on Tuesday announced that in the next six to eight months all the locomotives of the national transport monolith will be fitted with GPS and more than 6,000 stations will become WiFi-enabled.

Inaugurating a conclave on “Smart Railways” organised by an industry body here, Goyal insisted that the Railways was focusing on “smarter project implementation”.

“We believe that if we have to leverage digital technology, the basic ingredient is to ensure access to technology in the remotest part of the country. The Railways is working on a programme to ensure the last mile connectivity wherever we do not have fibre optics in our network. We are hopeful that in the next six to eight months, all railway stations, other than the halt stations, will be WiFi-enabled,” he said.

Noting that the national transport monolith need to “think, plan and work smartly” to improve its efficiency, Goyal also announced that soon all the locomotives of Indian Railways will be fitted with GPS device to ensure better tracking of movement of passenger and goods trains.

On punctuality of trains, the minister said that between April 1 and today, punctuality has improved to 73-74 per cent as the railways has made a change by replacing the manual recording of time by station masters with data loggers placed at interchange points across the network that ensure computer-generated time.

The minister also said the Railways was embarking on making itself efficient in a big way which will save $2 billion every year, which otherwise would have to be passed on to the passengers.

DNA |

6000 railway stations will be WiFi-enabled in next 6 months: Piyush Goyal

Around 6,000 railway stations will be WiFi-enabled in the next six-eight months, Minister of Railways Piyush Goyal said on Tuesday.

While speaking at Smart Railways Conclave organised by Federation of Indian Chambers of Commerce and Industry (FICCI), Goyal said,"We believe that if we have to leverage digital technology, the basic ingredient is to ensure access to technology in the remotest part of the country. The Railways are working on a program to do the last mile connectivity wherever we do not have fibre optics in our network. We are hopeful that in next six to eight months all railway stations, other than the halt stations, about six thousand stations will be Wi-Fi enabled."

On punctuality of trains, the Railway Minister said that between April 1 and today, punctuality has improved to 73-74% as railways have made a smart change by replacing the practice of the station-master recording the time with data loggers placed at interchange points across the network that ensure computer generated time.

"We are working on putting a GPS device on every locomotive so that we will have every train marked on the mobile phone, knowing exactly where they are."

Emphasising on project implementation, Goyal said, "We are focusing on smarter project implementation. We will have to start thinking, planning, and working smartly. I think that's the change that you would have seen in the last four years."

He said that the Railway Ministry was looking at simple and smarter interventions to make railways efficient. ?We are looking at electrification in a big way which will save $2 billion every year, which otherwise I would have to charge the passengers. With efficient Railways, we won't have to burden the poor,? he said.

On the occasion, the Minister and other dignitaries released two knowledge papers namely, "FICCI-EY Report on Make in India in Railways Sector' and 'FICCI-A.T. Kearney Report on Technology: Transforming Railways Transportation."

The Statesman |

6000 railway stations will be WiFi-enabled in next 6 months: Goyal

Around 6,000 railway stations will be WiFi-enabled in the next six-eight months, Minister of Railways Piyush Goyal said today.

Speaking at the ‘Smart Railways Conclave’ organised by Federation of Indian Chambers of Commerce and Industry (FICCI) here, Goyal said that the railways was focusing on smarter project implementation.

“We believe that if we have to leverage digital technology, the basic ingredient is to ensure access to technology in the remotest part of the country. The railways is working on a programme to ensure the last mile connectivity wherever we do not have fibre optics in our network. We are hopeful that in the next six-to-eight months, all railway stations, other than the halt stations, about 6,000 stations will be WiFi-enabled,” he said.

He said that the national transporter will have to start thinking, planning, and working smartly. “I think that’s the change that you would have seen the last four years,” he added.

On punctuality of trains, the minister said that between April 1 and today, punctuality has improved to 73-74 per cent as the railways has made a change by replacing the manual recording of time by station masters with data loggers placed at interchange points across the network that ensure computer generated time.

“We are working on putting a GPS device on every locomotive so that we will have every train marked on mobile phone, knowing exactly where they are.”

He also said that the railways was embarking on making itself efficient in a big way which will save USD 2 billion every year, which otherwise would have to be passed on to the passengers.

“With efficient railways, we won’t have to burden the poor,” he said.

On the occasion, the minister and other dignitaries released two knowledge papers, namely ‘FICCI-EY Report on Make in India in Railways Sector’ and ‘FICCI-AT Kearney Report on Technology: Transforming Railways Transportation’.

Deccan Chronicle |

6000 railway stations will be WiFi-enabled in next 6 months: Goyal

Around 6,000 railway stations will be WiFi-enabled in the next six-eight months, Minister of Railways Piyush Goyal said on Tuesday.

Speaking at the 'Smart Railways Conclave' organised by Federation of Indian Chambers of Commerce and Industry (FICCI) here, Goyal said that the railways was focusing on smarter project implementation.

"We believe that if we have to leverage digital technology, the basic ingredient is to ensure access to technology in the remotest part of the country. The railways is working on a programme to ensure the last mile connectivity wherever we do not have fibre optics in our network. We are hopeful that in the next six-to-eight months, all railway stations, other than the halt stations, about 6,000 stations will be WiFi-enabled," he said.

He said that the national transporter will have to start thinking, planning, and working smartly. "I think that's the change that you would have seen the last four years," he added.

On punctuality of trains, the minister said that between April 1 and today, punctuality has improved to 73-74 per cent as the railways has made a change by replacing the manual recording of time by station masters with data loggers placed at interchange points across the network that ensure computer generated time.

"We are working on putting a GPS device on every locomotive so that we will have every train marked on mobile phone, knowing exactly where they are." He also said that the railways was embarking on making itself efficient in a big way which will save USD 2 billion every year, which otherwise would have to be passed on to the passengers. "With efficient railways, we won't have to burden the poor," he said.

On the occasion, the minister and other dignitaries released two knowledge papers, namely 'FICCI-EY Report on Make in India in Railways Sector' and 'FICCI-AT Kearney Report on Technology: Transforming Railways Transportation'.

The Quint |

6,000 Railway Stations across India to offer Wi-Fi Service

Around 6,000 railway stations will be Wi-Fi -enabled in the next six-eight months, Minister of Railways Piyush Goyal said on Tuesday, 28 August.

Addressing the 'Smart Railways Conclave' organised by Federation of Indian Chambers of Commerce and Industry (FICCI), Goyal said that the railways was focusing on smarter implementation of projects.

Goyal noted that the national transport behemoth will have to start thinking, planning, and working smartly. "I think that's the change that you would have seen the last four years," he added.

The Wi-Fi service is likely to aid in better tracking of trains, which will be fitted with GPS trackers, to ensure emergency services can be provided whenever a mishap occurs.

“We believe that if we have to leverage digital technology, the basic ingredient is to ensure access to technology in the remotest part of the country”, the railway minister said.

“The railways is working on a programme to ensure last mile connectivity, wherever we do not have fibre optics in our network. We are hopeful that in the next six to eight months, all railway stations, other than the halt stations, will be Wi-Fi -enabled,” he added.

Although he didn’t mention the details of who’s going to support the back-end for the Wi-Fi service, it could either be handled by Google via RailTel or maybe even Facebook, with its Express Wi-Fi project.

On punctuality of trains, the minister said that between 1 April and 28 August 2018, punctuality has improved from 73 to 74 percent, as the railways has replaced manual recording of time by station masters with data loggers placed at interchange points across the network.

"We are working on putting a GPS device on every locomotive so that we will have every train marked on mobile phone, knowing exactly where they are." He also said that the railways was embarking on making itself efficient in a big way which will save around USD 2 billion every year, failing which the burden would have to be passed on to the passengers.

Goyal, however remained optimistic, adding that "With efficient railways, we won't have to burden the poor," he said.

The Week |

Modi govt stepped up rail coaches upgrade: Piyush Goyal

Indian Railways has developed more coaches in one year, compared to what it produced under 10 years of UPA rule, claimed Piyush Goyal, Union railways and coal minister, speaking at an industry conclave on Tuesday.

“In the last year alone we have produced 2,385 Linke Hofmann Busch (LHB) coaches in the country, meeting not just our domestic needs but also some exports," Goyal said addressing a conference by the industries body, FICCI.

"All this has been possible with Prime Minister Narendra Modi's keen push to make in India," Goyal added. He also cited that in 10 years of UPA rule, a total of 2,330 coaches were produced.

“We have achieved in one year what they did in ten," the Union minister said addressing the conclave. Railway passenger coaches are produced at three manufacturing facilities of the Indian Railways—Integral Coach Factory (ICF), Perumbur; Rail Coach Factory, Kapurthala and Modern Coach Factory, Rae Bareli.

Currently, Indian Railways is undergoing a modernisation process to upgrade the earlier manufactured ICF coaches with LHB coaches, developed by Alstom of Germany. The new LHB coaches are believed to be safer at higher speeds up to 160 km/hr and also have better ride comfort.

Goyal on Tuesday claimed that the coach upgrading process was given a fillip by the current NDA regime by allocating funds and making pending recruitments at these coach factories.

For the current fiscal, Goyal said that the target for the three coach factories of Indian Railways has been scaled up to produce 4,410 coaches. For the next year (2019-20) railways have set a target to manufacture 4,620 coaches.

The Union minister said that the renewed focus on upgrading railway coaches, taken up during his tenure as railways minister, have improved safety and passenger comfort on more than 65,000 km travel span of Indian Railways.

"Punctuality of trains has improved manifold in the last one year. Thanks to the introduction of digital data logging, replacing manual data logging of train movements," said Goyal.

According to him, punctuality of Indian trains has improved between May and August, from 59 per cent trains running on-time to 73 per cent in the current month. He said passenger complaints related to trains running late have also come down significantly, as a result of these efforts.

India |

6,000 Railway Stations to Become Wi-Fi Enabled in 6-8 Months: Piyush Goyal

Railway Minister Piyush Goyal on Tuesday said that nearly 6,000 railway stations will be made Wi-Fi enabled in the upcoming six to eight months. The minister also stressed on the need for high-speed Internet connectivity in the remotest parts of the country. “We believe that if we have to leverage digital technology, the basic thing is to ensure access to technology in the remotest part of the country,” Goyal said at the ‘Smart Railways Conclave’ organised by the Federation of Indian Chambers of Commerce and Industry.

Goyal added that the Railways is also working on a programme to ensure last-mile connectivity, wherever there were no fibre optics network. “We are hopeful that in the next six to eight months, all railway stations other than halt stations — about 6,000 stations — will be Wi-Fi enabled,” the Minister said. “We are focusing on the implementation of smart projects. We will have to start thinking, planning, and working smartly. I think that’s the change that you must have seen in the last four years.”

The Minister stressed on the punctuality of trains and said that between April 1 and August 28, punctuality had improved to 73-74 per cent due to an installation of data loggers at interchange points to ensure computer-generated timings instead of the station master recording the timings. “We are working on putting GPS on every locomotive so that we will have every train marked on mobile phone, knowing exactly where they are,” he said.

It must be noted that like flight attendants, railway catering staff will now carry trash bags to collect waste from passengers on all trains after meals, as per Railway Board Chairman Ashwani Lohani instructions. The railways are increasingly adopting the airline model — from its food to its vacuum toilets — to give passengers airline-like comforts.

Orissadiary.com |

Minister of Railways & Coal Piyush Goyal inaugurates Smart Railway Conclave organised by FICCI, in New Delhi

Shri Piyush Goyal, Minister of Railways & Coal, inaugurates Smart Railway Conclave organised by FICCI, in New Delhi today. In his opening remarks, he reiterated Government’s commitment to ensure a smart Railway and a smart nation so that every citizen of India gets a better future. He also emphasised on smart planning, smart project implementation being put into effect holistically in Railways.

Speaking on the occasion, Shri Piyush Goyal said, “India has undoubtedly the unique opportunity to leapfrog. But before that, some basic elements will have to be sorted out, and that’s what this Government has focused on over the last four years. Over 64 years of Independence till 2014, the infrastructure in Railways growing by merely about 12%. Due to parcelling out small amounts of money over different projects, cost kept escalating.

We still have some projects which were started in the Emergency. There was a total investment in Railways from 2009-14 of ₹ 2.3 lakh crore. The Government has ramped it up to ₹ 5.3 Lakh crores. But it’s not about ramping up, but about how you invest that money. Under the leadership of Prime Minster Shri Narendra Modi, I have the courage of conviction to say that we are influencing the future in a positive, progressive and smart direction. We’ll have to start thinking, planning, and working smartly. I think that’s the change that you would have seen the last 4 years. As they say “Everyone has a sense that right now is one of those moments that we are influencing the future”. With the debate on the bullet train, I believe that it’s our duty to engage with most modern technology and bring it to India and let the people of India enjoy the benefits of the best in class”.

Talking about several initiatives undertaken to transform Railways as a smart transporter, Shri Piyush Goyal said that while deliberating on possibilities and solutions, it is important to keep the practicality in mind.

For Railways, it is a network working 22000 trains a day, chugging from remotest corners and smart solutions have to found within this frame. For punctuality, instead of the station master recording the time, data loggers have been put at interchange points which would be computer generated. A small step, but it brought accuracy and reflected the truth. Between 1st April, 2018 and today, it has improved it to 73-74%.

Indian Railway is working on putting a GPS device on every locomotive so that every train can be tracked on mobile phones knowing exactly where they are. Electrification of Railways has been taken vigorously which will save $2 billion every year. Railways’ engineers have figured out a solution for diesel engines: the cost for overhauling the diesel engine, same or less will be spent on converting it to electric. So without spending a dollar, Railways can have a new engine. Efficient engines with cost efficiency as well, electric engines will have a huge impact on India’s carbon footprint.

The best strategies are being explored so that instead of sudden traffic blocks, Railways can have smarter time tables. With competitive bidding, efficiency takes centre stage both ways, in the Railways and industry. A protectionist approach cannot be adopted because the country is not going to pay for inefficiency.

Railways is focusing on smarter project implementation. Railways is reviewing to engage itself with artificial intelligence. There’s a lot which can be done with data being put to use with predictive maintenance, better monitoring and utilization of assets and better passenger service.

Once, Railways change over to smarter signalling, focus on removing permanent speed restrictions, getting 150,000 bridges audited and improved, there is immense potential in Railways. Indian Railways has also planned to make 6,000 Railway stations to be all Wi-Fi enabled.

The Economic Times |

SMEs can play a key role in railway sector manufacturing: EY-FICCI report

The Indian Railways is a behemoth - it carries close to 1.2 billion tonnes of freight per annum and over 23 million passengers in 19,000 trains that run everyday, as per findings in a recent EY-FICCI report on the manufacturing potential in the railways sector.

The report urges the government to play a significant role in increasing India’s share in the global rail market. Says Rajaji Meshram, Partner, Transaction Advisory Services, EY, “While the exports from India related to railway sector is to the tune of US$ 350 million, the exports related to automotive sector is around US$ 17 billion. India, given its large railway manufacturing expertise, needs to get a larger pie in the global rail market.”

The findings also highlight the key role that Indian SMEs can play in railway sector manufacturing. As per broad estimates, over 10,000 SMEs are registered on the Indian railways procurement portal.

The report suggests some key aspects that SMEs need to focus on to upgrade to all the advancements that a modernised railway system can speak of:

SME Readiness: A mix of indigenous innovations and technology transfers will come into play for upgradation of railways technology. If new designs are brought to the fore by railway production units, the real test would be to gauge the readiness of SMEs to supply as per the new specifications. And if it is a new technology via a JV mechanism, indigenous procurement conditions will need to be seen while taking the expertise of the existing vendor base into consideration.

Skilling and technology upgrade of SME: After assessing the existing vendor base, a programme to scale up the SMEs in technology and skilling needs to be in place. Making SMEs aware of the required tool sets, manufacturing methods and processes will be crucial.

Financial assistance to SMEs: Access to financial support for SMEs remains a major hurdle. At present no programme exists that can offer such assistance to the SMEs in the railways sector. This aspect needs to be looked at from a renewed seriousness with newer technologies being introduced in the railways.

The report concludes that India’s SME manufacturing ecosystem will need to eventually match the pace with the Indian railways targeting improved speeds, safer operations and higher payloads in the times to come.

Business Standard |

Around 6,000 railway stations will be WiFi-enabled in next 6 months: Goyal

Around 6,000 railway stations will be WiFi-enabled in the next six-eight months, Minister of Railways Piyush Goyal said on Tuesday.

Speaking at the 'Smart Railways Conclave' organised by Federation of Indian Chambers of Commerce and Industry (FICCI) here, Goyal said that the railways was focusing on smarter project implementation.

"We believe that if we have to leverage digital technology, the basic ingredient is to ensure access to technology in the remotest part of the country. The railways are working on a programme to ensure the last mile connectivity wherever we do not have fibre optics in our network. We are hopeful that in the next six-to-eight months, all railway stations, other than the halt stations, about 6,000 stations will be WiFi-enabled," he said.

He said that the national transporter will have to start thinking, planning, and working smartly. "I think that's the change that you would have seen the last four years," he added.

On punctuality of trains, the minister said that between April 1 and today, punctuality has improved to 73-74 per cent as the railways has made a change by replacing the manual recording of time by station masters with data loggers placed at interchange points across the network that ensure computer generated time.

"We are working on putting a GPS device on every locomotive so that we will have every train marked on mobile phone, knowing exactly where they are."

He also said that the railways was embarking on making itself efficient in a big way which will save USD 2 billion every year, which otherwise would have to be passed on to the passengers.

"With efficient railways, we won't have to burden the poor," he said.

On the occasion, the minister and other dignitaries released two knowledge papers, namely 'FICCI-EY Report on Make in India in Railways Sector' and 'FICCI-AT Kearney Report on Technology: Transforming Railways Transportation'.

The Times of India |

6000 railway stations will be WiFi-enabled in next 6 months: Goyal

Around 6,000 railway stations will be WiFi-enabled in the next six-eight months, Minister of Railways Piyush Goyal said today.

Speaking at the 'Smart Railways Conclave' organised by Federation of Indian Chambers of Commerce and Industry (FICCI) here, Goyal said that the railways was focusing on smarter project implementation.

"We believe that if we have to leverage digital technology, the basic ingredient is to ensure access to technology in the remotest part of the country. The railways is working on a programme to ensure the last mile connectivity wherever we do not have fibre optics in our network. We are hopeful that in the next six-to-eight months, all railway stations, other than the halt stations, about 6,000 stations will be WiFi-enabled," he said.

He said that the national transporter will have to start thinking, planning, and working smartly. "I think that's the change that you would have seen the last four years," he added.

On punctuality of trains, the minister said that between April 1 and today, punctuality has improved to 73-74 per cent as the railways has made a change by replacing the manual recording of time by station masters with data loggers placed at interchange points across the network that ensure computer generated time.

"We are working on putting a GPS device on every locomotive so that we will have every train marked on mobile phone, knowing exactly where they are."

He also said that the railways was embarking on making itself efficient in a big way which will save USD 2 billion every year, which otherwise would have to be passed on to the passengers.

"With efficient railways, we won't have to burden the poor," he said.

On the occasion, the minister and other dignitaries released two knowledge papers, namely 'FICCI-EY Report on Make in India in Railways Sector' and 'FICCI-AT Kearney Report on Technology: Transforming Railways Transportation'.

Hindustan Times |

6,000 railway stations will be WiFi-enabled in next 6 months, says Piyush Goyal

Around 6,000 railway stations will be WiFi-enabled in the next six-eight months, minister of railways Piyush Goyal said on Tuesday.

Speaking at the ‘Smart Railways Conclave’ organised by Federation of Indian Chambers of Commerce and Industry (FICCI), Goyal said that the railways was focusing on smarter project implementation.

“We believe that if we have to leverage digital technology, the basic ingredient is to ensure access to technology in the remotest part of the country. The railways is working on a programme to ensure the last mile connectivity wherever we do not have fibre optics in our network. We are hopeful that in the next six-to-eight months, all railway stations, other than the halt stations, about 6,000 stations will be WiFi-enabled,” he said.

He said that the national transporter will have to start thinking, planning, and working smartly. “I think that’s the change that you would have seen the last four years,” he added.

On punctuality of trains, the minister said that between April 1 and today, punctuality has improved to 73-74 per cent as the railways has made a change by replacing the manual recording of time by station masters with data loggers placed at interchange points across the network that ensure computer generated time.

“We are working on putting a GPS device on every locomotive so that we will have every train marked on mobile phone, knowing exactly where they are.”

He also said that the railways was embarking on making itself efficient in a big way which will save USD 2 billion every year, which otherwise would have to be passed on to the passengers.

“With efficient railways, we won’t have to burden the poor,” he said.

On the occasion, the minister and other dignitaries released two knowledge papers, namely ‘FICCI-EY Report on Make in India in Railways Sector’ and ‘FICCI-AT Kearney Report on Technology: Transforming Railways Transportation’.

The Hindu |

6000 railway stations will be WiFi-enabled in next 6 months: Goyal

Around 6,000 railway stations will be WiFi-enabled in the next six-eight months, Minister of Railways Piyush Goyal said on Tuesday.

Speaking at the Smart Railways Conclave organised by Federation of Indian Chambers of Commerce and Industry (FICCI) here, Mr. Goyal said that the railways was focusing on smarter project implementation.

“We believe that if we have to leverage digital technology, the basic ingredient is to ensure access to technology in the remotest part of the country. The railways is working on a programme to ensure the last mile connectivity wherever we do not have fibre optics in our network. We are hopeful that in the next six-to-eight months, all railway stations, other than the halt stations, about 6,000 stations will be WiFi-enabled,” he said.

He said that the national transporter will have to start thinking, planning, and working smartly. “I think that’s the change that you would have seen the last four years,” he added.

On punctuality of trains, the minister said that between April 1 and today, punctuality has improved to 73-74 per cent as the railways has made a change by replacing the manual recording of time by station masters with data loggers placed at interchange points across the network that ensure computer generated time.

“We are working on putting a GPS device on every locomotive so that we will have every train marked on mobile phone, knowing exactly where they are.”

He also said that the railways was embarking on making itself efficient in a big way which will save USD 2 billion every year, which otherwise would have to be passed on to the passengers.

“With efficient railways, we won’t have to burden the poor,” he said.

On the occasion, the minister and other dignitaries released two knowledge papers, namely ‘FICCI-EY Report on Make in India in Railways Sector’ and ‘FICCI-AT Kearney Report on Technology: Transforming Railways Transportation’.

The New Indian Express |

TN has good roads, accidents still on the rise

Tamil Nadu loses nearly Rs 61 crore every day due to road fatalities alone, said Rajeev Ranjan, Additional Chief Secretary to Tamil Nadu, Highways and Minor Ports Department, speaking at Pledge for Road Safety, an awareness programme jointly organised by Federation of Indian Chambers of Commerce and Industry (FICCI) and The New Indian Express, on Tuesday.

“If grievous injuries are added to the above figure, the loss increases to around Rs 131 crore per day which is around 3.5 per cent of the state’s GDP,” he said, adding that families are often pushed to poverty because it is people in working age group, who meet with fatal accidents.

Although Tamil Nadu’s roads are much better than those in other states, the accidents and deaths are still high, he said. “Tamil Nadu is not only very well governed, it is also the second largest growing economy in the country, which means that more people are using private transport,” he said, referring to the drastic increase in the number of vehicles on road.

He, however, pointed that better roads and more vehicles should not lead to a high number of accidents. “Countries like Oman and other western countries have shown that it’s possible to have good roads, high vehicular movement and still have fewer fatalities,” he said. In an effort to improve the existing system, he said that the state has invested Rs. 1,360 crore on road safety alone and will be investing up to Rs. 250 crore in the coming year. “With these funds, we have identified over 5,000 blind spots in the state and fixed them, thus, drastically reducing the incidence of fatalities,” he assured.The programme also had discussions on the role of the government and public in road safety, with experts from the field.

ET Auto |

Walkathon from Kashmir-Kanyakumari to raise awareness on road safety

NGO Drive Smart Drive Safe and supported by the Union Ministry of Road Transport and Highways is launching a project tiled '1 Crore Steps for Safer Roads'.

The project entails a record walk from Kanyakumari to Kashmir, a distance of 3,600 kilometres, to be covered in 60 days.

The flag off for the event will happen in Kanyakumari on 28th July and will reach Kashmir on 2nd October, the ministry said in a statement.

The walk will be undertaken by Subramanian 'Subu' Narayanan who is an employee of Hella India and will cover about 20 cities across South, West and North India.

"I am on this mission to raise public awareness about difficulty of pedestrians on Indian Roads, which can lead to urgent action for creating robust system approach to Road Safety. I appeal to all of you to join me to support this cause," said Subu.

The programme is supported by The Ministry of Road Transport and Highways, NGO Arrivesafe, ACMA, SIAM, FICCI, CII-Yi and partnered by Hella, Wabco & Brakes India.

Subu will be taking approximately 32 lakhs steps for the cause, however, the project aims to take one crore steps by launching a Naonwide campaign encouraging Indians to walk for Road Safety.

Just 1 km walk daily for 60 days or for few weeks or for a day in support of the cause and posting it with evidence on the campaign website will enable us to clock more than a Billion steps by collecng walk donations from just 1.5 Lakhs people.

The Hindu |

Walkathon to spread awareness on road safety

Subramanian Narayanan will commence a 3,600 km walk from Kanyakumari on Saturday to Kashmir to spread awareness on the fatalities in road network paths and promote road safety.

Being undertaken under NGO Drive Smart Drive Safe’s “1 Crore Steps for Safer Roads’ initiative, the Hella India employee will cover the 20 cities across South, West, and North India in 60 days.

Supported by Union Ministry of Road Transport and Highways, the walkathon will reach Kashmir on October 2.

Mr. Subramanian will reach the State capital on July 29 and people from all walks of life will join him to show their solidarity for the cause on Sunday at 7 a.m. from the Infosys campus. District Police Chief, Thiruvananhapuram City P. Prakash and DIG, CRPF, Mathew A. John will join the walk.

During the walk across the country, citizens who join for short walks will be taking safety pledges and will be sensitized towards alarming fatalities taking place in road network.

The 1 Crore Steps for Safer Roads initiatives is supported by NGO Arrivesafe, ACMA, SIAM, FICCI, CII-Yi and partnered by Hella, Wabco and Brakes India.

International News and Views.com |

FICCI infra committee urges gst council to have a relook at its GST collection regime

FICCI’s National Committee on Transport Infrastructure has urged the Goods and Service Tax (GST) Council to have a re-look at its GST collection regime for Consulting Community and urged him to put the onus of depositing of Goods and service tax on the Client (Service Receiver) both government and Private sector.

At present as per a pernicious practice the consulting community, (service provider) who is not liable for payment of Service Tax/GST (as being not the Employer OR the Service Receivers), are being coerced into payment of GST on behalf of the Employer, whereas, their role is that of a mere collector of tax on behalf of the Government.

“FICCI Infra Committee on various occasions has written to Union Minister of Finance and now to GST Council that the GST payable by the Employer of consultant should be collected by Government directly from the Employer. At present the Consulting community continues to be made liable for payment of Service Tax on behalf of the Employer, even before the Consultants receive their remuneration from the Employer.” Said Mr K K Kapila, Co-Chairperson, FICCI Infra Committee.

“In case there is any difficulty in accepting our request for direct payment of Goods and Service Tax by the Service Receiver, FICCI urges the GST Council to restore provision of paying GST within 60 days after receipt of payment. The procedure currently adopted is that the Consulting community is made liable for payment of Service Tax within 30 days of raising an invoice with the Employer. The Employer who in most cases are Government Departments usually respond with payment after considerable delay ranging from 3 to 6 months. In the interim, the Consultant who is technically not liable for Service Tax is expected to make good the same within 30 days, irrespective of fact, whether he has received the payment or not.”said Mr. Kapila.

“At present in case of delay in payment of Service Tax by the Consultants attracts an interest where the Service Tax has not been collected. . The same Point of Taxation continues in the GST regime also with an interest of 18% for not paying on time irrespective of the fact that payment has been received or not” said Mr Kapila

“Further, such Service Tax payment is linked to the value of invoice, whereas actual payment by the Employer to the Consultant may in fact be less than the value of invoice raised. The above procedure of collecting Goods and Service Tax has created immense cash flow difficulties for the Consultants on account of Service Tax, which in fact is not payable by them, as their role is merely that of a collector on behalf of the Government..” Said Mr Kapila.

“FICCI suggest that The system existing prior to Finance Act 2012 i.e Service Tax / GST to be paid by the Service Provider within 30 days of its receipt from the Service Receiver. The Service Receiver may pay Service Tax / GST payable to the Service Provider directly to the Authorities, against the Service Tax /GST account of the Service Provider, just as is done for the Income Tax under TDS Provision.” He added.

The above suggestions will help the Consulting Companies to tide over the problems of payment of Service Tax / GST to the Government and relieve their financial burden. It will also help the Government to collect tax revenues effectively.

Absolute India |

FICCI applauds EV based public transportation in 11 cities

Appreciating Government's effort to promote electric mobility in the country, FICCI welcomes the announcement made by Minister of Heavy Industries and Public Enterprises, Mr. Anant Geete, to provide subsidy to 11 cities under FAME India (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles) for launching electric buses, taxis and three-wheelers.

"This is a major step forward by the Government and focus on public transportation (buses, taxis, autos) will enhance cleaner public transportation and help create awareness about electric vehicles amongst operators, consumers of public transportation and general public at large. This will catalyse the faster adoption of electric vehicles in the country" said Mr. Shekar Viswanathan, Chairman, FICCI Taskforce on Electric Vehicle and Vice Chairman & Whole Time Director, Toyota Kirloskar Motors.

Mr. Viswanathan further added that the support of minister to Hybrids is an important indication of a pragmatic technology neutral approach that will help in faster adoption of full range of electric vehicle technologies (xEVs) and their manufacturing in India. This is critical for reducing fossil fuel imports and lowering pollution.

The Economic Times |

All trains to go fully electric soon: Piyush Goyal

Diesel-run trains will soon become history in India, railway minister Piyush Goyal said on Tuesday. Phasing out diesel locomotives and replacing them with electric engines will help the country reduce carbon emissions and the railways save Rs 10,500 crore annually, he said.

“We don’t want to burden our passengers and freight customers by raising costs. Through bringing efficiency in the existing system, we can reduce operational costs and provide better services to our users,” Goyal said at a FICCI event. “We’ll only use diesel locomotives for backup.”

The railways has fast-tracked plans to have a 100% electrified rail network. The national transporter is targeting to electrify the remaining 30,000 kilometres of rail lines in the next four years, at an expected cost of Rs 30,000-35,000 crore.

The government is targeting to build an 11,000-km-long high-speed network, the minister said. “We have identified routes where most of the traffic moves. We’ll work on a plan to convert these routes into high speed. Because of the large scale of the projects, the cost of construction of bullet-train corridors will also reduce,” he said.

Goyal said he would like to continue with the accident-free Japanese high-speed train technology, instead of going for Chinese technology. On using renewable energy for railway operations, he said vacant land of railways would be turned into solar parks soon.

live mint |

Railways to phase out diesel engines in five years: Piyush Goyal

Two months after a run-in with US giant General Electric Co. (GE) over the manufacture of diesel locomotives, Indian Railways has decided to phase out diesel engines in the next five years and switch entirely to electric ones.

By phasing out diesel locomotives, the national transporter will save around Rs11,500 crore annually, railway minister Piyush Goyal said at a meeting of the executive committee of the industry lobby group Federation of Indian Chambers of Commerce and Industry (FICCI).

“We have planned to switch all trains to electric-driven in the next five years,” Goyal said on Tuesday. “The diesel locomotives will be used for back-up purposes in the yards.”

The minister’s statement could raise renewed questions on GE’s Marhaura diesel locomotive project in Bihar, where the company is setting up a factory at an estimated cost of Rs2,052.58 crore, with limited equity contribution by the ministry of railways. Under the original plan, over a 10-year period, GE was to supply 1,000 diesel locomotives of 4,500 and 6,000 horsepower with high-level performance guarantees.

Goyal, at a meeting on 7 September, had asked Indian Railways to review the GE project given plans for complete electrification of its network by 2022. The move prompted GE to issue a strongly worded statement that scrapping the project would have a “serious impact on job creation and skills development and cause the government to incur substantial costs.”

In October, Goyal clarified that the project was on track and if required, a diesel locomotive manufacturing facility could be upgraded to make electric locomotives. He added that if Indian Railways’ requirements change, GE will be informed about it.

Spokespersons for GE didn’t respond to phone calls and text messages.

Goyal also said production of Linke-Hofmann-Busch (LHB) coaches has been increased as part of plans to improve railway safety. A high-level safety review committee had in 2012 recommended switching over from coaches made at the Integral Coach Factory to LHB coaches, based on German technology, that have better safety features. “I have asked the rail coach factories to develop the LHB coaches and also double up their production at Rae Bareli coach factory, which currently manufacturers 1,000 coaches annually,” said Goyal.

He added that the Uttar Pradesh government had already been approached for allotment of 200 acres for the Rae Bareli coach factory’s expansion.

The Statesman |

Will phase out diesel locomotive in five years: Piyush Goyal

Coal and Railways Minister Piyush Goyal on Tuesday said the Indian Railways will completely phase out diesel locomotives in the next five years and will switch to electric locomotives with the focus on increasing speed.

“We have planned to switch all trains to be electric-driven in the next five years,” Goyal said, addressing the National Executive Council members of FICCI here.

By phasing out diesel locomotives, the Railways will save about Rs 11,500 crore annually, he said.

“The diesel locomotives will be used for back up purposes in the yards.”

Stressing on the safety of passengers, the Railways Minister also said that he has directed the railway officials to speed up the production of the Linke-Hofmann-Busch (LHB) coaches instead of relying on the Integrated Coach Factory (ICF) coaches.

“We are promoting LHB type coaches as they are safer as compared to the ICF coaches,” he said, adding that June 2018 will be the last month for the ICF coaches to be manufactured.

“I have also asked the rail coach factories to develop the LHB coaches and also asked the Rae Bareli coach factory to double up its production, as it currently has the capacity to build 1,000 coaches annually.”

Goyal said that he had also spoken to Uttar Pradesh Chief Minister Yogi Adityanath to allot 200 acres more land for the expansion of the Rae Bareli coach factory.

He also defined his tenure in the last 77 days as the Railways Minister as a “good learning experience”. “I got a chance to take a number of policy decisions here.”

He said he has taken upward 600 policy decisions on policy matters of the Railways.

“For safety of passengers also we have approved 372 escalators in Mumbai suburban alone and we will have close to 3,000 escalators being set up in the Railways across the country,” Goyal said.

He assured the industry that there is no fund shortage for safety-related items in the Railways.

Business Standard |

Niti's battery swapping policy proposal not viable: Gadkari

The battery swapping policy as proposed by the Niti Aayog to promote advanced electric mobility is not viable in India, Union minister Nitin Gadkari said today.

Accelerated adoption of electric and shared vehicles could save USD 60 billion in diesel and petrol cost and cut down as much as 1 gigatonne of carbon emissions for India by 2030, the Niti Aayog has said in a report, advocating standardised, smart and swappable batteries with lease and/or pay-per-use business models.

"The swapping (battery) policy I feel is not appropriate for the country because it is a very difficult thing... that is not going to be possible in the country," Gadkari, who holds the portfolio of road transport, highways and shipping, said at the Smart Mobility Conference organised by FICCI.

The minister said Niti Aayog CEO Amitabh Kant had discussions with him on the issue, where he suggested that the idea is not viable and should be scrapped.

Given high levels of pollution in Delhi and other places, electric vehicles for public transport besides vehicles on bio-fuel are the need of the hour and the government is working on charging infrastructure, the minister said further.

Gadkari asserted that this mode of transport will check pollution as the 22 per cent annual growth in the automobile sector requires one additional lane of highway every third year at a cost of Rs 80,000 crore, which is not viable.

He dished out some statistics, saying his constituency Nagpur has already 200 electric taxis running while another 1,000 will be added by December. There are already 20 charging stations in the city while three types are being created that can charge a battery in 15 minutes flat.

The cost of lithium ion batteries has already been slashed by 40 per cent and mass production could lead to further reduction in prices, Gadkari added. There are 12 manufacturers of lithium ion battery.

The minister is set to hold discussions with Delhi Chief Minister Arvind Kejriwal for electric vehicles in the city to be used mostly for public transport. One estimate puts Delhi's requirement at 10,000 such buses.

He also pitched for London transport model in the country, particularly Delhi, saying there are nine transporters in London City that take care of public transport. He termed the model as "successful with intelligent transport system".

Terming smart mobility "a million dollar question" in the country, the minister said bikes on flex fuel are set to be rolled out here next month.

He stressed the need for promoting bio fuel to combat pollution, highlighting the need for cost-effective, pollution free and indigenous system to deal with it.

The petroleum ministry is working on a Cabinet note on manufacturing second generation ethanol from rice and wheat straws and a policy on checking crop burning is likely in a month.

According to the minister, the Eastern Peripheral Expressway, which will be inaugurated in January, will reduce 50 per cent vehicular traffic on Delhi roads while the first phase of Delhi Meerut Expressway will be opened next month.

Business Standard |

Transition to electric vehicles could save India upto Rs 20 lakh cr: Report

The country's transition to a shared, electric and connected mobility system can save $330 billion (Rs 20 lakh crore) by 2030 on avoided oil imports alone, a report by Ficci-Rocky Mountain Institute said today.

Even under a shared mobility paradigm, over 46,000,000 vehicles (two, three, and four wheelers) could be sold by 2030, it said.

"This annual market size would present an opportunity for Indian companies to become leaders in EV (electric vehicle) technology on a global scale," it added.

The report said overcoming key barriers to vehicle electrification in the country's passenger mobility sector presents an enormous challenge for India and also a tremendous economic opportunity.

"India can leapfrog the western mobility paradigm of private-vehicle ownership and create a shared, electric and connected mobility system, saving 876 million metric tons of oil equivalent, worth $330 billion and 1 giga-tonne of carbon-dioxide emissions by 2030," it said.

It added that the main barriers to EV adoption include price, charging and consumer awareness.

EV charging infrastructure, battery swapping and manufacturing are some of the areas which can help overcome these barriers, the report said.

Financial Express |

Niti's battery swapping policy proposal not viable: Gadkari

The battery swapping policy as proposed by the Niti Aayog to promote advanced electric mobility is not viable in India, Union minister Nitin Gadkari said today.

Accelerated adoption of electric and shared vehicles could save USD 60 billion in diesel and petrol cost and cut down as much as 1 gigatonne of carbon emissions for India by 2030, the Niti Aayog has said in a report, advocating standardised, smart and swappable batteries with lease and/or pay-per-use business models."The swapping (battery) policy I feel is not appropriate for the country because it is a very difficult thing... that is not going to be possible in the country," Gadkari, who holds the portfolio of road transport, highways and shipping, said at the Smart Mobility Conference organised by FICCI.

The minister said Niti Aayog CEO Amitabh Kant had discussions with him on the issue, where he suggested that the idea is not viable and should be scrapped.Given high levels of pollution in Delhi and other places,electric vehicles for public transport besides vehicles on bio-fuel are the need of the hour and the government is working on charging infrastructure, the minister said further.Gadkari asserted that this mode of transport will check pollution as the 22 per cent annual growth in the automobile sector requires one additional lane of highway every third year at a cost of Rs 80,000 crore, which is not viable.He dished out some statistics, saying his constituency.Nagpur has already 200 electric taxis running while another 1,000 will be added by December.

There are already 20 charging stations in the city while three types are being created that can charge a battery in 15 minutes flat.The cost of lithium-ion batteries has already been slashed by 40 percent and mass production could lead to further reduction in prices, Gadkari added. There are 12 manufacturers of lithium-ion battery.

The minister is set to hold discussions with Delhi Chief Minister Arvind Kejriwal for electric vehicles in the city to be used mostly for public transport. One estimate puts Delhi's requirement at 10,000 such buses.He also pitched for London transport model in the country, particularly Delhi, saying there are nine transporters in London City that take care of public transport. He termed the model as "successful with intelligent transport system".

Terming smart mobility "a million dollar question" in the country, the minister said bikes on flex fuel are set to be rolled out here next month.He stressed the need for promoting biofuel to combat pollution, highlighting the need for cost-effective, pollution free and indigenous system to deal with it.The petroleum ministry is working on a Cabinet note on manufacturing second-generation ethanol from rice and wheat straws and a policy on checking crop burning is likely in a month.According to the minister, the Eastern Peripheral Expressway, which will be inaugurated in January, will reduce 50 percent vehicular traffic on Delhi roads while the first phase of Delhi Meerut Expressway will be opened next month.

The Hindu Business Line |

FICCI study on electric mobility

The country’s transition to a shared, electric and connected mobility system can save $ 330 billion (₹ 20 lakh crore) by 2030 on avoided oil imports alone, a report by FICCI- Rocky Mountain Institute said today. Even under a shared mobility paradigm, over 46,000,000 vehicles ( two, three, and four wheelers) could be sold by 2030, it said. “This annual market size would present an opportunity for Indian companies to become leaders in EV ( electric vehicle) technology on a global scale,” it added. The report said overcoming key barriers to vehicle electrification in the country’s passenger mobility sector presents an enormous challenge for India and also a tremendous economic opportunity.

The Times of India |

E-vehicle policy: Clash between Niti Aayog, transport min

The road transport ministry and Niti Aayog are not on the same page on the proposed electric mobility (e-vehicle) policy. The ministry has suggested to Niti Aayog to redraft the policy, saying the government's think tank should not get into implementation of the mission as mentioned in the present draft. The ministry has also suggested that the policy be framed after a meeting preferably chaired by the principal secretary to the Prime Minister. It has also objected to the proposal of keeping the ministry out in the apex panel proposed by the Niti Aayog to take decisions on the rollout of electric mobility mission. Interestingly, ministries of urban and rural development are part of the panel beside the Niti Aayog.

Addressing a conference on smart mobility by industry body FICCI, Gadkari on Monday said battery swapping policy proposed for the successful rollout of electric vehicles is unviable.

SME Times |

Maharashtra very important for country's progress: Gadkari

The Cabinet Minister of Road Transport & Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation, Nitin Gadkari has said that the progress of Maharashtra is very important for the country's progress.

Speaking at the fifth edition of FICCI's Progressive Maharashtra, in Mumbai on Monday, Gadkari said he had promised to deliver Rs 3 lac crore of works for Maharashtra. Of that, he has delivered over Rs 2.86 lakh crore worth of projects for Maharashtra in the road sector alone.

"The progress of Maharashtra is very important for the country's progress. I am Maharashtra's ambassador at the centre. In Maharashtra, there were 7200 km of national highways when I took over. Today the number stands at about 22000 km - over 3 times," Gadkari said. He has sanctioned works worth over Rs 6.5 lakh crore during his tenure.

Gadkari felt happy that both the important ports in Maharashtra MbPT & JNPT were doing well.

"JNPT earned Rs 1355 crore profit first year, with the port sector profit at Rs 3000 crore. This year we expect 7000 crore from the sector with JNPT alone returning a profit of about Rs 2000 crore," the Minister observed.

Plans have been drawn to increase the container handling capacity of JNPT to 1 crore containers.

Modernisation and expansion works have commenced at several ports including JNPT, he added.

At the Wadhwan port in Dahanu, Maharashtra, most clearances are done, Gadkari informed adding that Rs 12 lac crore investment in port led development had been envisaged.

Moreover, blended fuels such as ethanol/ methanol/ bio CNG/CNG were being thought of as indigenous fuels for the shipping industry, Gadkari told.

Works were on for two satellite ports - one at Jalna near Aurangabad and the other at Sindi in Wardha.

Under the aegis of the Indian Port Rail Corporation Ltd, a rail line connecting Manmad and Indore via Dhulia and Nandurbar, besides quadrupling of Manmad -Igatpuri section at Rs 4500 crore to improve connectivity to JNPT is being implemented according to Gadkari. This, he said would reduce the distance between Delhi and Bengaluru by about 350 km besides fostering Maharashtra’s development of backward areas– Dhulia and Nandurbar.

International cruise business, coming into India is likely to touch about 950 cruises annually in the next few years according to Gadkari. At 4500 passengers per cruise, this could translate into a huge business opportunity for the travel and tourism sector given the kind of spends made by such tourists, he said. He asked for industry's support to help in developing cruise based tourism.

Catamarans, sea planes and amphibious buses are also being thought of as alternative modes of transport he informed.

Gadkari has plans to connect Maharashtra to the North Eastern part of India, Bangladesh and other South East Asian nations such as Myanmar via Varanasi, Haldia and Bangladesh through water ways.

"We are doing dredging worth Rs 250 crore in Bangladesh. Overall, 7500 km of seafront and 20,000 km inland waterways with 2000 river ports are being envisaged. This would reduce logistics costs by six percent and result in exports growing 1.5 times the existing number."

Welcoming the Minister, Pankaj Patel, President, FICCI said "You have created magic. Roads are being built at the rate of 40 km per day. Earlier, containers could be received only after 7 days now we get them after 3 days."

News Patroling |

Rs 300,000 cr road sector loans saved from turning NPAs: Gadkari

The National Democratic Alliance (NDA) government has managed to save bank loans worth Rs 300,000 crore to the road sector from turning into non-performing assets (NPAs), Union Minister for Road Transport, Highways and Shipping Nitin Gadkari said here on Monday.

He said 403 road projects involving Rs 300,000 crore were stalled when the NDA assumed power at the Centre in 2014.

“The government managed to revive most of these projects, thus saving Rs 300,000-crore (loans) from turning into stressed assets. The government terminated projects worth Rs 500,000 crore to set an example for those delaying projects. Currently, there is not a single stalled project,” Gadkari claimed.

He emphasised that all the bottlenecks pertaining to land aquisitions, environment and forest clearances, and other bureaucratic hurdles had been removed and called for private investment in this sector.

Addressing the annual convention of Indo-American Chamber of Commerce, the apex body promoting bilateral ties and fostering economic engagement between India and the USA, Gadkari lamented banking support for funding road projects and delays in financial closures and said his ministry would explore newer funding avenues.

In this regard, he revealed that a proposal for the National Highways Authority of India (NHAI) going public to raise funds was under process, though he did not give any further details.

“There are no constraints in raising funds. We are capable of generating resources through innovative ways, such as taking NHAI to public. Such a move will help the infrastructure projects source resources from the capital markets,” Gadkari said.

He pointed out that the government was looking not only for investments but also innovative technologies from investors, adding that US companies could bring efficient and cost-effective technologies.

Gadkari mentioned areas like ethanol-based fuel-efficient equipment, smart technologies for swift urban transport, etc., which could be marketed in India to reduce the huge import bills.

Discussing the importance of waterways, he said the cost of moving men and materials through inland water was only a fraction of the total haulage through rail and road, and the government was considering several such projects including cruises to organically link inland transport with tourism.

In the Sagarmala project, where the government plans to invest Rs 600,000 crore, the minister said industrial clusters would be set up near ports to help reduce transportation costs — both for domestic and international movements.

Speaking at a FICCI even on “Progressive Maharashtra 2017 & National Executive Committee Meeting on Transforming Infrastructure: Current Status and Impact on Growth of State Economy,” he said the government had granted approval to 26 irrigation projects in the state.

These would increase the irrigated area from 22 per cent to 40 per cent in two years, thus helping the farmers in suicide-prone areas of the state.

Further, schemes like Sagarmala, Port Development, Inland Waterways and four-lane highways would spur the state’s economic development, he said.

Gadkari said once the cruise terminal was launched in Mumbai after five years, 950 cruises would be able to operate there, which would have a multiplier effect on other tourist infrastructure in Mumbai and rest of the state.

DNA |

Shinzo Abe visit: Maha expects push to metro, trans harbour link projects

Maharashtra government hopes that Japanese Prime Minister Shinzo Abe's visit will help in early release of funds for the metro and trans harbour link projects from the Japanese financing agencies. Besides, the state industries department expects Japanese companies to invest in automobile and auto ancillaries, manufacturing, electronics and retail sector especially in the wake of series of policy decisions taken to improve ease of doing business.

Mumbai Metro Rail Corporation managing director Ashwini Bhide told DNA, "Japan International Cooperation Agency (JICA) is providing 57% loan for the Colaba-Bandra-SEEPZ metro line which entails total investment of Rs 21,000 crore. Already JICA has released the first tranche of Rs 4,500 crore. JICA has launched the process to approve second tranche of Rs 5,000 crore.'' She admitted that the Japanese PM's visit will help an early approval of the second tranche.

She informed that JICA will disburse the total loan of Rs 13,900 crore in five years.

Further, the Mumbai Metropolitan Region Development Authority (MMRDA) expects the release of first tranche of loan for the much ambitious Mumbai Trans Harbour Link (MTHL) project connecting Mumbai and Navi Mumbai. JICA will provide 80% loan of the total cost of Rs 17,843 crore required to construct 22 km six lane link project.

MMRDA officer said, "JICA board has taken a decision to provide loan for MTHL project and it has initiated the process to release the first tranche."

According to MMRDA officer, the Rs 1.08 lakh crore Mumbai Ahmedabad bullet train will turn out to be a game changer for the state. '' Construction of the project is scheduled to begin in 2018 and completed by 2023. This is expected to increase job opportunities and investment opportunities in services sector in addition to manufacturing,'' he noted.

FICCI in its report said Japanese Shinkansen technology for the Mumbai-Ahmedabad High Speed Rail (MAHSR) Project will be a major development in further strengthening relations between two countries. The Shinkansen, known for its speed, reliability and safety, is seen in India as vehicle to embark on a high-growth trajectory through better connectivity, on the lines of Japan's own transformation half a century ago.

Japan India Business Council president Shrikant Atre observed that Japanese investors can invest in retail, manufactured food, auto and auto ancillaries, nuclear power in Maharashtra. "However, the state government will have to address investors' concerns with regard to higher infrastructure costs or taxes or labour costs on a priority basis. Maharashtra has every potential to become a favoured choice for Japanese manufacturers,'' he said.

The Economic Times |

Revival of stalled projects saved banks Rs 3 lakh crore: Nitin Gadkari

The ministry of road transport and highways has saved the banking sector from Rs 3 lakh crore bad loans by reviving stalled projects, its minister Nitin Gadkari has said.

Banks were staring at almost 400 stuck projects worth lakhs of crores at the time he took charge in 2014.

“Most of these projects were delayed because of clearances or promoters not having the intent. We called several meetings for each of these projects and sorted them out,” Gadkari told the media at the FICCI-organised India PPP Summit on Wednesday.

“Had we not acted in time, banks would have had bad loans worth Rs 3 lakh crore more. We terminated several of these projects, changed conditions for a few and even spent money on completing (some) where the contractor wasn’t in a position to,” said the minister.

Addressing the summit, the minister said bankers, investors, contractors and the government need to collaborate for success of public-private projects.

He also mentioned prioritising the setting up of an efficient public transport system between states and within cities. Biofuel and electricity is the government’s focus to make mass transit environment-friendly and cost-effective.

Focus News |

FICCI-EY study outlines10-point agenda to revive PPP momentum in transport sector

A FICCI-EY study titled, ‘Revival of PPP momentum in the transport sector’, underlines the need to resolve multiple issues dampening the private sector interest and slowing the rate of private investment in the sector. It calls for key interventions to remove the roadblocks to PPP and accelerate the implementation of PPP projects. These interventions would include policy actions, regulatory changes and push the reforms agenda, which will create conducive environment for bringing investments into the sector. The study was released here today by Mr. Nitin Gadkari, Minister for Road Transport, Highways and Shipping, Government of India; Mr. Amitabh Kant, Chief Executive Officer, NITI Aayog; Dr. Junaid Kamal Ahmad, India Country Director, South Asia, The World Bank, and other dignitaries at the inaugural session of the India PPP Summit, orgainsed by FICCI in association with the International Chamber of Commerce (ICC) India. The main recommendations of the Study include: Strengthening of lending institutions, Greater participation of insurance and pension funds, Establishment of Infrastructure PPP Project Review Committee (IPRC) and the Infrastructure PPP Adjudicatory Tribunal (IPAT), Setting up of 3P India as proposed in the Union Budget for 2014-15, Mechanism to keep a check on aggressive bidding , Need for independent regulators, Passing and enactment of pending Bills, Strong emphasis on performance-based contracts, Better preparation of DPR and Revisiting the Viability Gap Funding (VGF) Scheme.

The following are the recommendations in detail:

Strengthening of lending institutions : Despite the creation of other lending institutions such as IIFCL, IDFs, and IFCs, commercial banks remain a major source of debt financing of PPP projects in India. However, banks are faced with issues such as asset liability mismatch (ALM) and liquidity constraints as they have been funding long-duration infrastructure projects with their short-term deposits. Hence, strengthening of banks and other financial institutions has been long due. In 2014, RBI attempted to resolve the issue by bringing in the 5:25 scheme, which allows banks to extend long-term loans of 20-25 years to match the cash flow of projects, while refinancing them every five or seven years. At present, the scheme is applicable to projects in which total exposure of lenders is more than INR 500 crore. Therefore, the government should also look into inclusion of projects with less than INR 500 crore of lending exposure in order to expand the scope of the scheme. On the supply side, RBI has relaxed reserve requirements and lending norms for banks so that they can issue long-term bonds with a minimum maturity of seven years to raise resources for lending to long-term projects in infrastructure subsectors.94 However, more such measures are required to augment financing in the sector. The Kelkar Committee has suggested that banks and financial institution be encouraged to issue Deep Discount Bonds or Zero Coupon Bonds (ZCB) in order to lower debt servicing costs during the initial phases of the project. Further, refinancing terms may be streamlined to allow automatic refinancing of infrastructure loans. In addition, there is an urgent need to develop appraisal skills and capacities among banks to evaluate lending proposals.

Greater participation of insurance and pension funds : Companies need access to long-term funds for infrastructure projects with long gestation periods. Globally, long-term capital is raised via capital markets where major investors are pension and insurance managers. There is an urgent need in India to tap such markets to fund its infrastructure requirement. However, there are regulatory constraints on insurance and pension funds which restricts them to invest in infrastructure sector. It is recommended that investment and exposure norms posed by the Insurance Regulatory and Development Authority (IRDA) and Pension Fund Regulatory and Development Authority (PFRDA) be relaxed in a rational way so as to encourage these funds to actively participate in infrastructure projects. Further, the government should actively promote and issue rupee denominated Zero Coupon Bonds (ZCB). This will also help promote the general bond market in the country and attract investments from certain categories of investors such as pension funds and insurance companies. Establishment of Infrastructure PPP Project Review Committee (IPRC) and the Infrastructure PPP Adjudicatory Tribunal (IPAT) The Kelkar Committee’s report on “Revisiting and Revitalizing the PPP Model of Infrastructure” suggested a two-tier framework of the IPRC and IPAT for faster resolution of disputes relating to private sector partnerships and public procurement. One of the roles of the IPRC would be to screen and identify actionable stress in any infrastructure PPP project in a time bound manner. The detailed evaluation of the underlying technical and financial issues should be considered by the IPRC. Constitution of IPRC by IPAT would ensure that only relevant and deserved cases which involves substantial question of law reaches the tribunal for hearing in order to save time and money during the entire process. It is suggested that IPAT be chaired by a judicial member (former Judge SC/Chief Justice HC) with a technical and/or financial member. Since an independent tribunal for PPP projects in India has been long due and the list of stressed or disputed PPP projects is growing year on year, it is recommended that the a framework for establishment of the tribunal in line with the Kelkar Committee report suggestions be developed and the independent tribunal be set up through an Act of Parliament on priority basis.

Setting up of 3P India : PPPs have so far delivered some of the iconic infrastructure like airports, ports and highways. Once termed as the panacea for infrastructure funding issues in the country, PPPs today face a plethora of challenges including but not limited to lending constraints, lack of equity in the market, poor project preparation activities, and absence of dedicated policy or regulation. There is an imminent need for continuous evolution of the PPP framework in view of the everchanging PPP environment in the country. The absence of a dedicated institution to oversee and guide the sector on the evolutionary path has led to delays in many policy and regulatory decisions. To resolve the issue, the government in the Union Budget 2014-15 has proposed to set up an institution to provide support to mainstreaming PPPs called 3P India with a sum of INR 500 crore. It is envisaged that the institution would be set up as a Center of Excellence (CoE) for PPPs, facilitating nuanced and sophisticated models of contracting, developing quick dispute redressal mechanism of PPPs, building capacities and providing support to mainstreaming of PPPs in India. Not much progress toward a dedicated institution has been observed till now; nonetheless, there is an urgent need to set up 3P India.

Mechanism to keep a check on aggressive bidding : Aggressive bidding is a major cause of concern in PPP projects. Developers bid aggressively to bag projects on account of booming economy in order to capture the significant portion of the market share. Any adverse situation in the economy results in huge losses to the developers who then become incapable of raising funds and executing projects within the stipulated timelines. Of late, many PPP projects in roads and ports sector have witnessed aggressive bidding. Today, authorities lack the capacity to assess whether a particular bid is aggressive or not. Hence, it is recommended that the government develop a framework that would enable authorities to analyze the lowest bid with respect to internal estimates. For each project, authorities should be able to decide the range of variation, i.e., the upper and lower limit of variation in bidding parameter (total project cost, revenue share, annuity etc.) to check aggressive bidding. Authorities may be given the power to outrightly reject any bid that is outside the prescribed range. Appropriate mechanism needs to be put in place to create a balance between transparency and safeguarding authorities and its officials. Alternatively, any outlier bid may be evaluated and scrutinized further by the authority or any institution specifically created to do so to assess the viability of the project and validity of the assumptions taken by the developer. Probably, 3P India (if set up) may be assigned the tasks of developing the framework and capacities to check aggressive bidding in PPP projects. Bid capacity of the bidder should be given due consideration during technical bid evaluation.

Need for independent regulators : For long, authorities in the transport sector have played dual roles of regulators and executing agencies. NHAI is a perfect example of this. Besides, there are gaps and overlaps in roles and functions of some of the regulatory authorities. For example, the recently created RDA is not truly independent as it is required to send recommendations to the government for decision making. In ports and airports sectors, the presence of TAMP and AERA is restricting the growth of the sector by imposing unnecessary restrictions and causing delays in certain cases. Overlap in functions of regulatory authorities and executing agencies is also a major cause of concern, resulting in decisions being taken at arm’s length in many cases. It is understood that creating a truly independent regulatory body would be opposed by existing agencies or department. However, establishment of independent sector regulators is expected to enable faster and smoother implementation of infrastructure projects. Therefore, it is recommended that independent regulators be created in sectors that currently do not have one and roles and responsibilities of existing regulators be refined and streamlined to bridge existing institutional gaps and remove any redundancies in roles.

Passing and enactment of pending Bills The government has taken steps to amend some existing acts in order to streamline the regulatory framework for PPP projects in the country. Some bills have been drafted and are under different stages of approval system. These bills include:

The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015

The new Major Ports Authority Bill, 2016 : The government is taking all possible steps to get these Bills passed by the Rajya Sabha. It is recommended that all genuine differences be resolved and any positive comments or suggestions be incorporated at the earliest so as to turn these Bills into Acts. Need to put strong emphasis on performance-based contracts In India, PPPs have mostly been used to tap private sector investment in the infrastructure sector. However, authorities generally miss out on another important aspect of PPPs, which is to tap private sector expertise to gain efficiencies in operations. India has created huge infrastructure assets base in terms of roads, railways, ports, airports, etc. over the last 10-15 years. Maintenance of these assets is going to be a huge challenge for the government in the coming years. Hence, there is a need to develop frameworks for private participation in the operation and maintenance of created assets with an objective to improve service levels and gain efficiencies. One such new approach to road network management is Output- and Performance-based Road Contracts (OPRC). In this approach, the government can achieve better maintenance and service levels at road for similar or lesser costs. In this model, the government can award the work to a private player for management and maintenance, rehabilitation, improvement and emergency works of a road stretch or network. Similar approaches can be developed for other sectors as well. For example, in railways, project such as mechanization of track maintenance works, implementation of Automatic Block Signaling with Train Management System, and establishment of Centralized Maintenance Control Centres may be explored in the PPP mode. In ports, the government may design a partnership model that will maximize port efficiency in integration with inland transport network.

Better preparation of DPRs : A study of roads sector projects suggests that there is an inverse relation between spending on DPR preparation and cost overruns in a project. It is observed that low investment in planning and engine engineering in India generally leads to high costs of implementation. Hence, it is recommended that the government adopt a value engineering mind-set to project design by building strong in-house value engineering teams, putting in place the right performance tracking and incentive mechanisms, and enforcing value engineering in all steps of
the design process. Focus on attention to detail and quality, field investigation and topographical surveys should be conducted to prevent surprises during construction (subsequent changes in the scope of projects, re-drawing of plans and cost over runs). The scope of consultant should include ways and means of minimizing the land requirement. The design for the project should be thoroughly reviewed to minimize land acquisition to the extent possible.

Revisiting the Viability Gap Funding (VGF) Scheme: At present, the limit of the VGF scheme is 40% of the total project cost. The Government should consider increasing this limit. Further, there is a need to relook at the disbursement mechanism of the VGF fund. State governments may be allowed to disburse funds directly from their own corpus to project SPVs, which could then be reimbursed by the Central Government. The Government should incentivize innovation for financial support to PPP projects as long as the spirit of PPP is safeguarded. For instance, there is a current no-go in case state governments are willing to extend capital support beyond the threshold 40% of the total project cost in the form of innovative structures, such as deemed shadow toll and EPC for funded works. In light of improving the project economics, these initiatives could be revisited. Further, the basis of calculation of VGF should be as per market rates and not as per Schedule of Rates.

Business Standard |

FICCI, EY urge govt to remove roadblocks to PPP model in India

A joint study conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) and EY stated that there is an urgent need to address and seek resolution for the multiple factors dampening the interest of the private sector in terms of making investments in the transport sector.

The study titled ‘Revival of PPP momentum in the transport sector’ calls for key interventions to remove the roadblocks to the public private partnership (PPP) model, besides suggesting an acceleration of such projects.

These interventions would include policy actions, regulatory changes and pushing reforms agenda, all of which would create a conducive environment for bringing investments into the sector.

The Union Minister for Road Transport, Highways and Shipping, Nitin Gadkari unveiled the study in New Delhi on Wednesday. Among the major recommendations made by the study were the strengthening of lending institutions, greater participation of insurance and pension funds, establishment of infrastructure PPP Project Review Committee (IPRC) and the Infrastructure PPP Adjudicatory Tribunal (IPAT).

The report further emphasised on the need for independent regulators, the passing and enactment of pending bills, laying a strong emphasis on performance-based contracts, better preparation of the detailed project report (DPR) and revisiting the Viability Gap Funding (VGF) scheme.

It said, despite the creation of other lending institutions such as IIFCL, IDFs, and IFCs, commercial banks continue to remain a major source of debt financing of PPP projects in India.

Companies need access to long-term funds for infrastructure projects with long gestation periods.

There is an urgent need in India to tap such markets to fund its infrastructure requirement. However, there are regulatory constraints on insurance and pension funds that restrict investments in the infrastructure sector.

The study recommended that the government should promote and issue rupee denominated Zero Coupon Bonds (ZCB). This will also help promote the general bond market in the country and attract investments from certain categories of investors such as pension funds and insurance companies.

It also urged the government to put in place a mechanism to check aggressive bidding in projects.

“Aggressive bidding is a major cause of concern in PPP projects. Developers bid aggressively to bag projects on account of a booming economy in order to capture a significant portion of the market share. Any adverse situation in the economy results in huge losses to the developers, who then become incapable of raising funds and executing projects within the stipulated timelines,” it added.

A study of road sector projects suggests that there is an inverse relationship between spending on DPR preparation and cost overruns, with regard to a project. It is observed that a low investment in planning and engine engineering in India generally leads to high costs of implementation.

Hence, it is recommended that the government adopt a value engineering mindset to project design by building strong in-house value engineering teams, putting in place the right performance tracking and incentive mechanisms, and enforcing value engineering in all steps of the design process.

Business Standard |

IPRCL to build Indore-Manmad rail corridor: Gadkari

Indian Port Rail Corporation Ltd (IPRCL), which is executing projects worth Rs 1 lakh crore, will build Indore-Manmad rail corridor for shipments of containers to JNPT, Union Minister Nitin Gadkari said today.

IPRCL is a first-of-its-kind Joint Venture Company (JVC), between the Major Ports under the Ministry of Shipping, and Rail Vikas Nigam Limited (RVNL).

"From Indore and Dewas 47,000 containers go to JNPT (Jawaharlal Nehru Port Trust). They go via Ahmedabad and Delhi. It takes eight days for containers to reach JNPT. We (IPRCL) are constructing a railway line between Indore and Manmad which can carry shipments in just 24 hours," Shipping, Road Trnasport and Highways Minsiter Gadkari told reporters on the sidelines of India PPP Summit organised by FICCI.

He said the detailed project report for about 339 km-long project is ready.

The project is aimed at cutting down Indore-Mumbai distance by 200 km and would offer a corridor for despatching export containers from Indore region directly to JNPT.

The minister said that 50 per cent of the about Rs 4,000 crore project would be funded by the Railways while the remaing will be offered by JNPT.

"Earlier, Railway Minister has said that 50 per cent of the cost will be contributed by the states and the rest 50 per cent by the Railways. Madhya Pradesh and Maharashtra had expressed their inability to do so. I said JNPT will provide 50 per cent and the rest 50 per cent will be provided by the Railways," Gadkari said.

The discussions on the project are on and the land will be provided free of cost by Madhya Pradesh and Maharashtra governments, which will be converted into equity.

State governments have also agreed to exempt taxes, he said.

Likewise, the minister said that a Rs 1,000 crore rail line is bieng built to carry coal from Talcher to Paradip where Coal India plans to augment its output from the present 60 MT to 300 MT.

"Coal can easily be transported to Kandla and Mumbai from Paradip after the project," he said.

The Hindu Business Line |

Study proposes creation of North-East Corridor

An A.T. Kearney-FICCI study has proposed the creation of a North-Eastern Corridor to tap the full potential of connectivity proposals under implementation between India and its Eastern neighbours, including Bangladesh, Bhutan, Nepal and Myanmar.

The North-Eastern region, spread over nine per cent of the country’s total land mass, contributes only 3 per cent to the country’s GDP.

The region is now aspiring to change this narrative, riding on various trade and connectivity proposals floated by sub-regional or regional groupings, such as BBIN (Bangladesh, Bhutan, India, Nepal), BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation), etc. The recently submitted study mapped a total of 476 freight-carrying routes in the region. Of the total, 90 routes, connected to all seven North-East State capitals, and contribute 80 per cent of the total freight flow in the region. The North-Eastern Corridor will be connected to the upcoming East-West Corridor.

India is building two road corridors stretching over 7,300 km connecting the length and breadth of the country. The 3,000-km East-West Corridor, will connect Porbandar in Gujarat to Assam via the ‘Chicken’s Neck’(Siliguri Corridor) in West Bengal.

Road, rail connectivity

Efficient road infrastructure, coupled with rail connectivity, will convert the North-East into India’s window to trade with neighbours and large parts of South Asia.

The country has already undertaken a programme to connect all State capitals in the North-East by broad-gauge rail by 2020. This is over and above an additional 750-km rail projects undertaken in the region.

According to the North-Eastern Railway, work is progressing in full swing to connect Aizawl (Mizoram) and Imphal (Manipur) by rail in the next two years.

India has already established broad-gauge connectivity up to Agartala in Tripura, encircling Bangladesh and covering Silchar in the Barak Valley region in Assam.

The line has now been extended to Sabroom, Tripura, near the Bangladesh border.

By 2020, the line will extend to Chittagong port, barely 80-odd km from the Bangladesh border. The National Highways and Infrastructure Development Corporation has just awarded a ₹122-crore contract to build a 450-metre bridge over the Feni river, to ensure connectivity to the port.

This will help natural gas-rich Tripura to attract investments and trigger growth. A long-standing advocate for regional connectivity and cooperation, Tripura now exports 100MW of electricity to Bangladesh daily. The exports are expected to be stepped up to 160MW soon.

Meanwhile, the Assam government plans to convert Assam into a trade and investment hub of the North-East, riding on regional connectivity projects.

Assam to ‘act East’

In May, Assam had set up ‘Act East’ Department headed by a former Joint Secretary (ASEAN) in the External Affairs Ministry. Consultancy firm PwC has been entrusted with drawing up an Assam Act East Policy.

Steps have also been initiated to set up a State-level think tank to take the cooperation agenda forward.

Bangladesh recently opened a consulate in Guwahati, with Bhutan also considering opening one in the city.

According to Prabir De, Coordinator, India ASEAN Centre at Delhi-based think tank RIS (Research and Information System for Developing Countries), Air India may soon launch a Guwahati-Dhaka service.

webindia123 |

Gujarat to reduce accidents by half, IRF to develop demo stretch with latest gadgets on busiest Surat-Hazira highway

Gujarat government in it's bid to remove the state's name from the list of top 10 in terms of number of road accident deaths in the country is working full time to reduce road accidents by 50 per cent by the year 2020, Chief Secretary J N Singh today said.

"The Gujarat government in its bid is trying to cut the road accident fatality by half through a new road safety policy that focuses on first response at the 'golden hour' (the first hour after the accident). The state wants to reduce the fatal accident by nearly 50% by 2020," Singh while inaugurating a day long conference on 'Fast Tracking Road Safety Initiatives in Gujarat' organised by Global road safety body International Road Federation (IRF) in Ahmedabad today said. "Gujarat government has already announced Road Safety policy in the state Assembly last year with quick rescue of injured and administration of first aid is the principal focus of the policy. A new guideline to ensure that best practices in road designing are followed by those involved in road construction is also in the pipeline. The Government also plans to have uniform design of all roads so that the number of accidents due to faulty designs can be minimized." Said Mr Singh. "Under the policy the State Government has proposed to bring all the concerned agencies under one umbrella and also create a road safety fund.The new policy is aimed to create awareness among youngsters, the new Gujarat Road Safety Policy intends to start Government recognised institutes which will train the future drivers and also make road safety an integral part of the syllabus for school and college students. The new policy envisages the state will adopt the best practices in designing safe roads. The Government will ensure zero black spot policy for reduction in the road accidents. The black spots in Ahmedabad as well as other parts of the state will be removed soon "he added .

Notably, total of 23,183 road accidents took place in the state as per a report released by the Union Ministry of Road Transport and Highways (MoRTH) during the year 2015 accounting for 4.6 % of road accidents in the country thus ranking Seventh. Tamil Nadu state ranks first in the list.

"International Road Federation with support of the Union and the State Government plans to develop a small Intelligent Transportation System (ITS) demonstration stretch on Surat and Hazira road which is part of National Highway 6 and has heaviest traffic due to industrial and commercial development. This stretch will have the latest traffic and junction management gadgets, traffic control systems, and lane violation check cameras. This will provide sufficient road safety measures for both pedestrian and vehicular traffic" said Mr K K Kapila, Chairman, International Road Federation while speaking on the occasion. "Road accident deaths fatalities in Gujarat were 8,119 which was about 5.6 % of the total road fatalities in the country. India is a signatory to the UN Decade of Action Plan 2011-2020 which envisages a reduction in road accident fatalities by 50% by 2020. Several black spots have been identified in Ahemdabad especially on SG Highway, Ashram and S.P road, IRF will assist in removing these black spots soon" said Mr K K Kapila, Chairman, International Road Federation (IRF). "Some of the road safety related issues that were discussed during the day long conference included blackspot identification through road safety audits, blackspot engineering interventions and implementation, Road safety education through school curriculum, enhanced First aid trauma care, Introduction to Intelligent Transport Solutions (ITS) , Conspicuity (Reflective tapes) Its Relevance and Importance for Safe Operations in Gujarat , the Roadmap for India and World and the forthcoming Cross Roads World Road Meeting (WRM) 2017 in November this year " said Mr Kapila. Eminent road Transport experts and specialists participating at the road safety conference included, Mr N K Sinha, Chairman, IRF India , Mr. Ravi Prasad, Chief Engineer, MoRTH, Mr. Pankaj R. Patel, President, FICCI, Padmashri Dr Subroto Das, Founder, NGO Lifeline Foundation, Dr. Adnan Rahman, Director General IRF Geneva, Dr. Amit Gupta, Professor, Division of Trauma Surgery and Critical Care, JPNATC AIIMS, Delhi, Mr. Atul Shukla 3M and Mr. Bharat Modi, Reflexite.

Telangana Today |

Overnight train for business travellers

Railways will soon launch an overnight double-decker train service equipped with modern facilities to attract business travellers.

The public transporter is looking to connect metropolitan centres through the new service, Uday Express, Railway Minister Suresh Prabhu said on Tuesday at the 'Smart Railway Conclave' here.

"We will be launching Uday Express for business travellers who would start in the night and reach in the morning so that they can save on hotel cost," Prabhu said, adding that it will have improved amenities.

Currently railways has undertaken a large number of projects to provide better onboard amenities for passengers. "We are moving ahead with a holistic strategy and we are doing it in a most challenging situation. Whether it is catering, booking tickets, cleaning of coaches, all these are happening in a smart way in the railways," he said.

He said railways suffered from under investment and lack of capacity expansion in the past. "The expansion was not commensurate to the demand. Goods were moving away from the railways. There was a huge gap in demand and supply. So we decided to come out with a holistic strategy to deal with it.

BW Disrupt |

'Smart' Indian Railways Can Raise GDP by 2% Says Suresh Prabhu

The smart initiatives undertaken by the Indian Railways during the past two and a half years to increase revenue, especially non-fare revenue, augment capacity and increase operational efficiencies to lower costs in a passenger and business friendly manner has the potential of raising the country’s GDP by 2 percentage points, Union Railway Minister, Mr. Suresh Prabhu, said at FICCI’S Smart Railways Conclave.

Mr. Prabhu said that to make this significant contribution to GDP a reality, the railways were working towards improving its finances and operational aspects in a transparent manner besides providing a better travel experience to the customers.

Strenuous efforts were now being made to augment the speed of implementation of policies, redressal of customers’ grievances in real-time and modernization of processes and systems with the help of technology, the Union Minister further said.

For years, there has been a huge gap between the demand and the creation of new infrastructure. The demand for railway infrastructure and amenities has increased exponentially but infrastructure had failed to keep pace. By undertaking smart initiatives aided by the use of technology, the railways were now coming out with new products to serve the diverse range of travelers and projects catering to all classes and categories of travelers.

A member overseeing traffic control of the Railway Board, said that the immediate smart strategy of the railways was to focus on new products, tariff rationalization and policy reforms for demand stimulation, expansion of the commodity basket, nurturing of customers and adoption of new delivery models to bring down the unit cost of operations.

He said that for a sustainable growth of the railways, the emphasis was on mega capacity development, high speed rail, station development, doubling, multiple lines, terminals, port connectivity projects and setting up of three more Dedicated Freight Corridors.

Dato Sri Judin Abdul Karim, chairman of the Construction Industry Development Board (CIDB) Holdings, Malaysia, gave a detailed account of the state-of-the art infrastructure projects in his country and expressed the desire of Malaysian companies to be a part of the projects being developed in India, particularly station development projects of the Indian Railways. He suggested bundling of projects so that these could be undertaken to achieve economies of scale and create a win-win situation for both countries.

BTVi |

Railways revenue can push GDP by 2%: Prabhu

Railway Minister Suresh Prabhu on Tuesday said initiatives taken by the government to increase revenue of the Indian Railways may push GDP by two percentage points.

Inaugurating FICCI's Smart Railway Conclave, Prabhu said in the last two-and-a-half years, initiatives have been taken to increase revenue, especially non-fare revenue, augment capacity and operational efficiencies to lower costs in a passenger and business friendly manner in the Indian Railways.

The Minister said the Railways is working towards improving its finances and operational aspects in a transparent manner, besides providing a better travel experience so that it can make a contribution to the Gross Domestic Product (GDP).

Prabhu said soon after he assumed office, the Railways brought out a white paper, which identified the challenges and helped in creating a strategic plan to address them.

Strenuous efforts are now being made to augment the speed of implementation of policies, redressal of customers' grievances in real-time and modernisation of processes and systems with the help of technology, he said.

He said while, through the years, demand for railway infrastructure and amenities has increased exponentially, infrastructure had failed to keep pace.

cityair News |

'Smart' initiatives of Indian Railways hold potential to raise GDP by 2 per cent: Suresh Prabhu

The smart initiatives undertaken by the Indian Railways during the past two and a half years to increase revenue, especially non-fare revenue, augment capacity and increase operational efficiencies to lower costs in a passenger and business friendly manner has the potential of raising the country’s GDP by 2 percentage points, Union Railway
Minister, Mr. Suresh Prabhu, said here today.

Inaugurating FICCI’s Smart Railway Conclave, Mr.Prabhu said that to make this significant contribution to GDP a reality, the railways were working towards improving its finances and operational aspects in a transparent manner besides providing a better travel experience to the customers.

Mr.Prabhu said that the Railways had brought out a white paper after his assumption in office as Railway Minister which identified the challenges and helped in creating a strategic plan to address them. Strenuous efforts were now being made to augment the speed of implementation of policies, redressal of customers’ grievances in real-time and modernization of processes and systems with the help of technology.

For years, there has been a huge gap between the demand and the creation of new infrastructure. The demand for railway infrastructure and amenities has increased exponentially but infrastructure had failed to keep pace. By undertaking smart initiatives aided by the use of technology, the railways were now coming out with new products to serve the diverse range of travelers and projects catering to all classes and categories of travelers.

On the occasion, Mr. Prabhu released two knowledge papers – the FICCI-CRISIL paper titled, ‘Reforms on Track - Accelerating the Indian Railways Investment Trajectory and the FICCI-BCG paper titled, ‘India Railways Stations Redevelopment – Transforming and Creating New WinWin Opportunities.’

In his presentation on ‘Smart Railways… A New Vision’, Mr. Mohd. Jamshed, Member Traffic, Railway Board,pointed out that the immediate smart strategy of the railways was to focus on new products, tariff rationalization and policy reforms for demand stimulation, expansion of the commodity basket, nurturing of customers and adoption of new delivery models to bring down the unit cost of operations.

He said that for a sustainable growth of the railways, the emphasis was on mega capacity development, high speed rail, station development, doubling, multiple lines, terminals, port connectivity projects and setting up of three more Dedicated Freight Corridors.

Dato Sri Judin Abdul Karim, Chairman, Construction Industry Development Board (CIDB) Holdings, Malaysia,gave a detailed account of the state-of-the art infrastructure projects in his country and expressed the desire of Malaysian companies to be a part of the projects being developed in India, particularly station development projects of the Indian Railways. He suggested bundling of projects so that these could be undertaken to achieve economies of scale and create a win-win situation for both countries.

Mr. Nalin Jain, Co-Chair, FICCI National Committee on Infrastructure and President & CEO, GE Transportation – Asia Pacific & China, while presenting the theme of the conclave, stated that the real challenge before the Indian Railways was to devise ways to gain share of the traffic from the road sector, enhance productivity and manage capital expenditure for capacity expansion and project implementation.

He said the seeds had been sown for the transformation to ‘smart’ railways by way of a freight action plan, expansion and modernization plan, electrification of 72% of BG network by 2020, creation of a dedicated ‘safety’ fund to achieve a zero-accident mission, ICT deployment and keeping in step with ‘Make in India’ through the PPP mode and FDI.

The day-long conclave discussed issues such as ‘Smart Railways Infrastructure’, ‘Smart Financing Models’, and ‘Smart Goals’ for the Indian Railways going forward.

Business Standard |

Railways revenue can push GDP by 2%: Prabhu

Railway Minister Suresh Prabhu on Tuesday said initiatives taken by the government to increase revenue of the Indian Railways may push GDP by two percentage points.

Inaugurating FICCI's Smart Railway Conclave, Prabhu said in the last two-and-a-half years, initiatives have been taken to increase revenue, especially non-fare revenue, augment capacity and operational efficiencies to lower costs in a passenger and business friendly manner in the Indian Railways.

The Minister said the Railways is working towards improving its finances and operational aspects in a transparent manner, besides providing a better travel experience so that it can make a contribution to the Gross Domestic Product (GDP).

Prabhu said soon after he assumed office, the Railways brought out a white paper, which identified the challenges and helped in creating a strategic plan to address them.

Strenuous efforts are now being made to augment the speed of implementation of policies, redressal of customers' grievances in real-time and modernisation of processes and systems with the help of technology, he said.

He said while, through the years, demand for railway infrastructure and amenities has increased exponentially, infrastructure had failed to keep pace.

India |

Railways revenue can push GDP by 2%: Prabhu

Railway Minister Suresh Prabhu on Tuesday said initiatives taken by the government to increase revenue of the Indian Railways may push GDP by two percentage points.

Inaugurating FICCI’s Smart Railway Conclave, Prabhu said in the last two-and-a-half years, initiatives have been taken to increase revenue, especially non-fare revenue, augment capacity and operational efficiencies to lower costs in a passenger and business friendly manner in the Indian Railways.

The Minister said the Railways is working towards improving its finances and operational aspects in a transparent manner, besides providing a better travel experience so that it can make a contribution to the Gross Domestic Product (GDP).

Prabhu said soon after he assumed office, the Railways brought out a white paper, which identified the challenges and helped in creating a strategic plan to address them.

Strenuous efforts are now being made to augment the speed of implementation of policies, redressal of customers’ grievances in real-time and modernisation of processes and systems with the help of technology, he said.

He said while, through the years, demand for railway infrastructure and amenities has increased exponentially, infrastructure had failed to keep pace.

The Statesman |

Railways revenue can push GDP by 2 pc: Prabhu

Railway Minister Suresh Prabhu on Tuesday said initiatives taken by the government to increase revenue of the Indian Railways may push GDP by two percentage points.

Inaugurating FICCI's Smart Railway Conclave, Prabhu said in the last two-and-a-half years, initiatives have been taken to increase revenue, especially non-fare revenue, augment capacity and operational efficiencies to lower costs in a passenger and business friendly manner in the Indian Railways.

The Minister said the Railways is working towards improving its finances and operational aspects in a transparent manner, besides providing a better travel experience so that it can make a contribution to the Gross Domestic Product (GDP).

Prabhu said soon after he assumed office, the Railways brought out a white paper, which identified the challenges and helped in creating a strategic plan to address them.

Strenuous efforts are now being made to augment the speed of implementation of policies, redressal of customers' grievances in real-time and modernisation of processes and systems with the help of technology, he said.

He said while, through the years, demand for railway infrastructure and amenities has increased exponentially, infrastructure had failed to keep pace.

millenniumpost |

PPP at crossroads

The relevance of Public Private Partnership (PPP) as a mode of delivery of infrastructure project, be it in terms of leveraging private sector investments or in the use of most appropriate technology and capacity enhancements, needs little elucidation.

Union Government in recent years considered the PPP as the most preferable mode of undertaking big infrastructure projects. This offsets the government's budgetary constraints by enabling the private sector to finance the projects. PPP Mode was brought to enhance the role of the private sector in bringing about socio-economic development through investments.

With over 350 PPP Projects with an investment of around INR 400,000 crores already rolled out, it is an opportune moment to review and focus upon the impediments that are being faced by this mode of delivery, particularly, given the slowdown in award of PPP Projects in the last 2 to 3 years.

This is not to say that efforts have not been made to strengthen the PPP environment, particularly in the Highways sector. Premium deferment in stressed projects, harmonious substitution of concessionaires in projects which face financial constraints, on time infusion of funds to revive languishing projects and restoring the operating period for levy of toll or securing all annuities, in respect of projects delayed not on account of concessionaire default, are all extremely relevant and dynamic decisions made by government in the recent past aimed at mitigating the stress faced by PPP projects. And yet, there is no disputing the fact that the contracting community, in general, has become averse to the PPP mode of delivery of projects with Engineering Procurement Construction (EPC) emerging as the preferred route.

So, what ails the PPP mode and what further steps are required to revive the PPP mode with its concomitant advantages, in parallel with the EPC ?

Firstly, there is an urgent need for a clear distinction between 'concessionaires' and 'contractors', which appears to have been allowed to be blurred in the anxiety to make PPP the 'default' mode of delivery. This was the primary reasons for excessively competitive bidding in recent years, making many of the PPP projects unviable. Besides, nothing was done either by the authority or the lenders to arrest this trend which only added insult to injury. The bid parameters require immediate correction to limit participation in PPP projects from amongst only those SPV’s which correspond to the basic definition of a 'concessionaire’. Second, while all projects can be streamlined to be awarded on the PPP mode, that may not always be in the country’s best interest. It may be prudent to frame standard methods or comparators for each Infrastructure Sector to help determine/identify the projects which have comparative advantage and value for money in adopting the PPP mode vis-à-vis other alternatives.

Thirdly, there is a need to have a more effective and accurate assessment of the civil cost of each project. There have been several instances in the past where civil cost as assessed by the authority has been subsequently reassessed by the concessionaire and accepted by lenders at a substantially higher level.

One way around this persisting problem is to replace the existing practice of the authority preparing only a ’feasibility report’ for purposes of inviting bids with a more comprehensive Detailed Project Report (DPR). This will help capture the civil cost with increased accuracy, taking into account market rates of key materials. These estimates should also cater to the element of inflation, based on previous years date. This will not only inspire greater confidence amongst the prospective bidders but also help reduce infructuous expenditure being incurred currently by all bidders as they separately assess the likely Civil Cost. Moreover, it will take away the ambiguity which allows for lenders to accept potentially inflated assessment of Civil Cost, an element which has contributed to several projects becoming unviable.

Fourthly, in all cases where there have been delays in rolling out projects from the time the initial estimates were prepared, the financial viability and bankability need to be reassessed. As a thumb rule, no cost estimate should be taken as the basis of assessing a project which is dated beyond 9 to 12 months.

Fifthly, the authority needs to be more focused on fulfilling its obligations, as any delay in achieving the conditions precedent has a disproportionate impact on the cash flow of the concessionaire. The triggers that will determine a default and the exact scope and nature of compensation, including methodology of computation, requires to form a part of the Model Concession Agreement (MCA). Similarly, the time frame within which such compensations would flow from the defaulting party should also be embedded in the contract.

Sixthly, PPP concessions are usually envisioned over extended periods. Any disruption in revenues during the operation period can have a deleterious impact on the cash flows of the project. Even where the authority accepts the claims of the concessionaire for compensation, it is usually in the form of extension of the concession period, benefits of which are available at the end of the concession period. There is a need to review this framework for such compensations to be provided either wholly, or substantially, and not back ended, as at present.

More importantly, there is a need to revisit the nature of the relationship between the authority and the concessionaire. A 'mai baap’ approach, typical of government contracts, is inimical to the creation of a conducive ecosystem required for the success of PPP, particularly where large programmes are being undertaken. Once the conditions precedent have been met, PPP projects must be allowed to go ahead on a reasonably autonomous basis. All decisions should be made strictly as per the concession agreement, without the undue interference and influence of the client agencies. Where decisions rest with independent engineers/concessionaires, there is no need for authorities' officers to interfere, e.g., change of scope, extension of time, etc. The authority officers should concentrate on matters of land acquisition, removal of utilities and interfacing with representative of state government with the overall objective of fulfilling the conditions precedent in a timely manner.

Now that sufficient experience in the award and operation of PPP projects is available, it may perhaps be prudent to have an independent regulator. In the roads sector, for example, the regulator could be tasked to not only deal with all 'interpretation' issues, but also look at observance of service and safety conditions. The continued role of the government/NHAI, both as regulator as well as the authority, is not appropriate, being interested parties, with an obvious conflict of interest.

(Vijay Chhibber is Former Secretary, Ministry of Road Transport & Highways and KK Kapila is Co-Chairman, FICCI Transport Infra committee. The views expressed are strictly personal.)

The Financial Express |

Indian Railways plans foray into radio to boost non-fare revenue

The Railway Ministry plans to foray into radio broadcast to provide free onboard and customised entertainment across all trains in order to boost its advertising revenue.

The Non-Fare Revenue (NFR) Directorate of Railway Ministry pegs the revenue from advertisements through onboard radio at over Rs 100 crore per year. Last year’s total advertising earnings were Rs 263 crore.

According to a senior official, the capital expenditure in setting up speakers and amplifiers for the purpose is expected to be around Rs 40 crore while the operating expenditure per year is estimated at nearly 3 crore.

Neither of the two expenditures will be borne by Railways. The project will be tendered to the highest bidder on revenue sharing model.

Once implemented, all trains will have a customised playlist of music, which could vary statewise.

The onboard Public Announcement (PA) system will also be used to disseminate passenger convenience related information, like delay in arrival, reason for delay, among others. These will be interspersed with advertisements.

Currently, the ministry is considering internet-based radio for a wider reach across its entire network but is open to alternative technology or medium, sources said.

A server on the train will download the content as and when internet network is available and will keep a buffer of 6 to 8 hours in case the train is passing through remote areas with no internet coverage to ensure uninterrupted playout.

According to a KPMG-FICCI study, the advertising revenue of the Media and Entertainment industry is expected to grow at 15.9 per cent in the next five years and will generate Rs 994 billion.

By 2020, the advertising revenue through TV is likely to be at Rs 364 billion, while that from print at Rs 286 billion.

Similarly, revenue from digital advertising is likely to grow to Rs 255 billion and from radio it is expected to reach Rs 43 billion.

Out of Home (OOH) – advertisements on railway property – media is expected to fetch Rs 45 billion.

With 23 million ticketed passengers travelling by train every day, Railway expects to command 10 per cent share of the radio audience after the execution of the project.
Sources said the public transporter’s revenue from radio advertisements is likely to exceed the estimated Rs 113 crore.

The railways has not yet exploited radio and print for advertisement revenue. However, it earns revenue through advertisements on televisions on stations.

“With a captive audience and a wide national market we can easily monetise radio broadcasting. We are also creating assets without incurring any expenditure and simultaneously providing free entertainment and valuable information to our passengers,” according to a railway ministry official.

The ministry will be sending a request for proposal (RFP) by the end of this month. In the following three months, trials will be carried out and the tenders for the project will be out by the end of this financial year.

Business Standard |

Nagaland CM pitches for road construction instead of fencing in Indo-Myanmar border

Nagaland Chief Minister T R Zeliang, speaking on the sidelines of the Northeast Connectivity Summit here, has said that his government is totally against the idea of raising the barbed wire fencing between India and Myanmar.

He rather suggested that instead of wasting money in fencing, both India and Myanmar should think about constructing roads and other amenities in the restricted area on both sides of the border, and added that in the absence of proper roads and communication, the area has turned into a fertile ground for militants.

Zeliang said that considering the unique landholding system among the Nagas, the Government of India should consider an unfenced border along the India-Myanmar border, instead of raising barbed wire fencing.

According to him, the improved roads will ensure better connectivity, improved trade and relations, as also effective counter insurgency operations by security forces.

He said he wanted policy makers and planners to clearly understand the peculiar nature of the Nagaland sector of the Indo-Myanmar border, which unlike other borders in the region does not have the problem of infiltration from across the border.

According to him the situation is more or less similar in Manipur and Mizoram.

The Nagaland chief minister viewed that taking advantage of the absence of the road communication and security movement, the militants have turned this area into a breeding ground for new cadres and this can only be stopped with the construction of roads and development of the area.

He asked the India government to start dialogue with Myanmar and come to a common conclusion for construction of roads and other developmental activities on both sides of the border.

Zeliang informed that like India, Myanmar is also in dialogue with the majority of the Naga militant groups who are on ceasefire and peace talks are continuing.

He hoped that by peaceful negotiation and talks, an amicable solution of the Naga issue can be derived.

The Defence and Home Ministries have been imposing various restrictions on construction and other development activities in bordering areas due to security reasons.

The summit has been organized by FICCI at Pragna Bhavan, Agartala with support of Govt of Tripura, Ministry of DoNER, North East Council and DIPP to formulate policies regarding connectivity in the region.

The Financial Express |

Indian Railways turns to LED screens to power up revenue generation

With Indian Railways’ traffic receipts struggling to grow and a shift to commercial pricing in the passenger segment easier said than done, the transporter has intensified the efforts to augment its so-called non-farebox receipts — it has set an ambitious target to up its advertisement revenue from an estimated Rs 1,700 crore this fiscal to Rs 10,000 crore by FY20. The bulk of the incremental revenue is expected to come from advertisements to be displayed on over 2 lakh LED screens being installed at stations and platforms. Other eye-catching spaces available in the railway ecosystem like trains and stations would also be more liberally offered to advertisers.

According to official sources, the tenders for installing the LED screens and managing them will be floated soon. The transporter, the sources added, was also looking at data monetisation — passenger information made available free of cost now through IRCTC portals may soon come with a small cost — sponsorship of activities and events at station premises and building pay-and-use toilets on land outside stations to boost non-traffic receipts, which termed as “sundry earnings” currently make up just over 3% of its overall receipts. Other ideas being mooted include exploiting space rights over station buildings, sponsorship of uniforms for personnel, commercial farming alongside tracks, etc. The transporter’s plans for raising non-farebox revenue is so exhaustive that it is even planning to sell garbage generated at stations.

Although IR’s plan to increase non-fare revenue from 3% now to 10% in the medium term is perfectly legitimate — its counterparts in Europe and Japan already have such revenue between 15% and 30% of total receipts — analysts have doubted the targets being set for ad revenue. “It is definitely a very ambitious target. A lot will depend on the kind of ad rates which will be charged, and whether advertisers will be ready to pay that kind of money,” said Mallikarjun Das, group CEO, Starcom India, a media planning and buying agency from the house of Publicis Media.

According to a FICCI-KPMG 2016 report, India’s media and entertainment industry is expected to grow to Rs 1,31,500 crore by December 2016. In 2015, its was Rs 1,15,700 crore, with advertising revenue of Rs 47,500 crore. It should be noted ad revenue from TV for 2015 stood at just Rs 18,130 crore, while ad revenue from out-of-home stood at Rs 2,440 crore. Rail ministry sources, however, sounded optimistic; they said that with 800 crore passenger bookings annually and average footfall of 4 million on platforms, advertisers would indeed be willing to pay a premium to reach such a volume of captive audience.

“The revenue sharing model and the details of (the LED screen) project will be out soon and we are hoping that a consortium of TV manufacturers and advertising agencies will take part in the competitive bidding process. W are still contemplating on whether we want to divide the tenders among different zones or give it as a complete bundle,” the railway official added.

Pratap Bose, chairman and co-founder, The Social Street, an integrated advertising agency, said: “It will never be a national level play for the railways, rather these televisions will be used more by local retailers to advertise about their products and services. In such a scenario the ad rate will not be more than Rs 500-1000 for per 10 second.”

“A 10-second ad spot on a Hindi general entertainment channel during prime time costs about Rs 1,50,000-2 lakh and on Hindi news channel, Rs 15,000-20,000. However for the railways it will be difficult to command such high ad rates as advertisers usually pay a premium for the number of eyeballs a show generates on a channel. In this case the railways will have different a consortium for different regions or cities. Hence, the 2 lakh TV sets being installed will never be able to show one ad at the same time,” Bose added.

The railways’ gross traffic receipts (GTR) stood at Rs 1,63,384 crore in FY16, 2.6% below the projections made at the start of the year. It is looking at a 13% growth in GTR to Rs 1,84,819 crore in FY17.

The Tribune |

Floodplain mapping can help avoid flood impact: IRF

The International Road Federation (IRF), a Geneva-based global body working for better and safer roads worldwide, has expressed deep concern at repeated loss of lives, landslides, areas being cut off and chaos on roads and infrastructure in Uttarakhand during rains for the last several years. It has stressed the need of adopting time-tested sustainable solutions, including floodplain mapping and flood-proofing measures.

“It’s high time that we use tested and sustainable solutions and ecologically-proven techniques for avoiding flood-related disaster every year. We can also adopt apt investigative tools in determining causes for the failure every year . Depending on the causes, proven technologies that meet specific needs have to be adopted so that the state, which has borders with other countries, has all-weather roads and sustainable infrastructure,” says KK Kapila, Chairman, IRF, and Co-Chairman, FICCI Transport Infrastructure Committee.

“Floodplain mapping programmes are carried out worldwide to avoid loss of human life and damage to infrastructure. With the help of floodplain mapping the impact of floods can be minimised by not allowing habitation and development in flood-prone areas, adopting an optimum combination of structural measures such as large storage reservoirs, detention basins and embankments and non-structural measures such as flood forecasting, floodplain zoning and catchment area treatment,” he says.

“Similarly, there is need to use non-destructive and least-invasive techniques to build all-season sustainable roads and infrastructure in the hill state in the aftermath of the natural disaster,” he said.

“As a first step, a detailed subsurface investigation of the affected areas should be done. Non-destructive testing is an integral and important aspect of subsurface investigation, which is recommended,” he adds.

Kapila says ideally the best way to develop roads in the hills is through the use of tunnels and connecting via ducts.

This minimised disturbance to the existing hill slopes. “One of the best examples is the Kalka-Shimla Heritage Rail the alignment of which comprises 103 tunnels crossing geologically a weak strata. Despite being over 100-year old, this rail line had been closed on rare occasions indicating the robustness of the alignment in penetrating slopes in geologically competent formations and tunneling when such formations are unavailable.

However, the economics often restricts development of such costly but far more permanent solutions. Thus, it is time that we adopt alternative technologies for our structures,” he says.

The Statesman |

There's more to ease of doing business

Ease of doing business has rightly been the focus of the Modi government right from its early days. The slogan is not only catchy but also conveys a sense of urgency and importance attached by the Government to encouraging and reviving business activity in the country. This is all the more important in the backdrop of sluggish economic growth and declining private sector investments.

The Prime Minister’s recent directive to Secretaries of various Ministries/Departments, reiterating the emphasis on Ease of Doing Business in the country is therefore most welcome and timely. However, this must not be pursued only as one of the many catchy slogans to be repeated ad nauseum. It must translate into actual action in removing the cobwebs shackling the economy. There is no benefit in having this aspect addressed in generalities. Specific concerns, raised by the private sector need to be looked at dispassionately by concerned Ministries and administrators and not through the prism of “precedence” and “past practice”.

For example, the Consulting Industry have been representing through FICCI and other channels about the need for shifting the compliance responsibility of Service Tax from service providers to service receivers. Currently, the Consulting Industry which provides services to a host of clients, including government departments/agencies are required to deposit Service Tax within 30 days of raising their invoice, failing which penal interest at an increasing rate is charged for any delay beyond the period.

Such payment is required to be made even where the service provider does not receive due payments from the government department/agencies. They, in the normal course, do not clear such dues in the limited time provided, resulting in the need for the service provider to not only help the government to collect tax for which they are not liable but also to make good such payments even before receiving it from the service procurer who is in fact liable for the tax. Moreover, there is no certainty, particularly when dealing with government departments that the actual payment would correspond to the value of invoice raised. Any short payment vis-a-vis the invoice value is then to be borne by the service provider with recoveries of the same possible only through a circuitous and much delayed process.

Repeated requests by the Consulting Industry for a review of this paradigm has been consistently stonewalled by the Department of Revenue only on account of the fact that they have yet to device a methodology for direct payment of Service Tax by those who avail of such services as provided for under the law. Even the suggestion made by the Consulting Industry to make the service provider liable for such collection and deposit of Service Tax on the basis of accruals has not been considered favourably. Neither has the request that a window of 30 days for payment after raising of invoice be raised to at least 90 days been agreed to. Where is the Ease of Doing Business?

A second example of the many small issues faced by the private sector relates to introduction of retrospective legislation, rules and clarifications. A recent example relates to amendment in the “payment of Bonus (Amendment) Act”, 2015, published in the Gazette on 1 January 2016, giving it retrospective effect from 1 April 2014. With this amendment, employees earning Rs 21,000 per month, are now entitled to bonus against the earlier limit of Rs 10,000. Further, the ceiling for bonus calculation has been more than doubled from Rs 3,500 to Rs 7,500 per month, again retrospectively.

The private sector has repeatedly been requesting that retrospective amendment of the above Act needs to be revisited as mid-year amendments are not provisioned for and further it is equally difficult to pass on such retrospective benefit to employees particularly in sectors which have high employee turnover and where large numbers of semi/unskilled work force is the norm along with high mobility rate. Surely, the policy makers while making such amendments can visualize the difficulties in implementation from the perspective of the private sector, which is at the heart of Ease of Doing Business in the country as rightly emphasized by the Prime Minister.

It is a fact that several suggestions for Ease of Doing Business have been made by the private sector to various line ministries over the past 24 months. These suggestions are in the normal course either completely ignored or are being responded to in routine without a dispassionate review and keeping in mind the challenges being faced by the Industry. One possible way forward would be to develop a compendium of all such suggestions and have them discussed through an inter-sectoral body having adequate representation from outside government and a representative of the industry body which has made such suggestions. This will ensure that there is an intelligent and constructive approach while revisiting each of these suggestions and that the recommendations are not left to be disposed of by those who are in fact architects of the rules and regulations that are impeding Ease of Doing Business in the country.

The writer is Chairman and Managing Director, Intercontinental Consultants and Technocrats Pvt. Ltd., Chairman, International Road Federation and co-chairman of FICCI’s National Committee on Transport Infrastructure.

The Economic Times |

FICCI welcomes Cabinet's nod to redevelop 400 railway stations

FICCI today welcomed Cabinet's approval to the proposal of redeveloping about 400 railways stations across the country, saying it will help attract participation from the private players.

Terming the proposal as a "positive measure in the right direction", FICCI Secretary General A Didar Singh said: "It is in line with this year's Rail Budget announcement and this will help attract greater private participation.

"It is a positive measure in the right direction and will be a win-win for private players, rail-users and railways."

The proposal to redevelop about 400 railways stations in metros and major cities besides pilgrim centres and tourist spots was cleared by the government today.

The Cabinet chaired by Prime Minister Narendra Modi gave its approval for redevelopment of the railway stations on 'as is where is' basis to accelerate the process of revamping them.

Under this model, interested parties coming through open bids would develop the stations with their designs and business ideas while commercial development of real estate would be allowed by the Zonal Railways.

Business Standard |

FICCI welcomes Cabinet's nod to redevelop 400 railway stations

FICCI today welcomed Cabinet's approval to the proposal of redeveloping about 400 railways stations across the country, saying it will help attract participation from the private players.

Terming the proposal as a "positive measure in the right direction", FICCI Secretary General A Didar Singh said: "It is in line with this year's Rail Budget announcement and this will help attract greater private participation.

"It is a positive measure in the right direction and will be a win-win for private players, rail-users and railways."

The proposal to redevelop about 400 railways stations in metros and major cities besides pilgrim centres and tourist spots was cleared by the government today.

The Cabinet chaired by Prime Minister Narendra Modi gave its approval for redevelopment of the railway stations on 'as is where is' basis to accelerate the process of revamping them.

Under this model, interested parties coming through open bids would develop the stations with their designs and business ideas while commercial development of real estate would be allowed by the Zonal Railways.

The Economic Times |

Need to free major ports from tariff regulation: Jawahar Lal Nehru Port Trust Chief

Regulation of tariffs at major ports is inhibiting their growth and there is a need to free them for better price parity with non-major ports, a top official said here today.

"Tariff Authority for Major Ports (TAMP) regime inhibited the growth of major ports and there is a need to free them from the regulatory regime for better price parity and create a level-playing field to compete with fast expanding non-major ports," Jawahar Lal Nehru Port Trust (JNPT) Chairman N N Kumar said here today.

Addressing a meeting organised by industry body FICCI on the Ports and Shipping sector, Kumar said there is no need for regulation of tariff rates at major ports.

JNPT is among the 12 major ports in the country. On public-private-partnership (PPP) projects in the sector, he said that in the absence of a mechanism to revisit port concession agreements, private players felt discouraged to participate in such schemes.

In the PPP model the concession agreement is for 30 years, he said, adding that with the fast-paced technological advancements, the profile of ports changed every year and with no mechanism to re-visit the agreement during the period of the concession, port development became a casualty.

Kumar also stressed upon the need for guidelines on structuring of PPP projects to mitigate risks to private players.

As far as shipping is concerned, he said the government is exploring the possibility of lending long term cargo support to increase the capacity of Indian flag vessels. Customs formalities were also being streamlined to improve the ease of doing business.

Sharing the Danish perspective on the maritime sector, Freddy Svane, Ambassador of Denmark to India, said his country had built a strong maritime and shipping sector in close coordination with the government and the private sector.

India, he said, could profit by employing the best practises followed by the Danish industry in port development, ship design, logistics and green shipping.

For building efficiencies in India's port sector, Adil Zaidi, Executive Director, Ernst & Young, stressed the need for faster clearances and approvals, corporatisation of port trusts and increased mechanisation.

millenniumpost |

Work on Sagar Mala project to be expedited

The ambitious Sagar Mala project, announced by prime minister Narendra Modi that aims to interconnect all coastal cities in the country through road, rail, ports and airports with a special development package is going to be a reality soon.

During the brainstorming session with 45 stakeholders on Tuesday, the Ministry of Shipping headed by Nitin Gadkari, proposed to finalise the concept at earliest to implement the project.

At the meeting, which was chaired by shipping secretary Vishwapati Trivedi, it was mutually agreed to perceive Sagar Mala as an integrated infrastructure-cum-policy project to develop the maritime sector in the country.

The stakeholders from Ministry of Railways, Surface Transport and Highways, DIPP, Planning Commission, Customs, Major and Minor Ports, State Maritime Boards, ADB and representatives from trade and industry such as CII, FICCI, INSA, and ICCSA participated in the session. The main issues which were discussed at length and breadth during the meet were about the initiatives to be taken for Port-led development, policy framework to promote coastal shipping and inland water transport and institutional framework for implementation of the Sagar Mala project.

‘Sagar Mala’ was an initiative that was announced by former PM Manmohan Singh in 2003 with the objective of achieving rapid capacity expansion and modernisation of ports along India’s east and west coast. The project envisaged developing ports to levels comparable with the best global ports in terms of infrastructure, efficiency and quality of service and creating ship building and ship repair facilities and increase the use of inland waterways for transportation.

The Economic Times |

Duty-free Bunker in the Offing for Exim Cargo Carriers

In a bid to boost coastal trade, the government has decided to exempt vessels carrying exim cargo from paying customs duty on marine fuel, a top official said on Tuesday. “A decision has been taken that the coastal vessels which are carrying exim cargo or containers will be given duty-free fuel. It suddenly cuts down fuel cost in coastal shipping,” said shipping secretary Vishwapati Trivedi. The country at present levies about 25% customs duty on marine fuel. Removal of tax would draw big container ships to Indian coasts, spread across 7,500 km area, Trivedi said. The quick decision making in current policy scenario of the current government has been very encouraging for the shipping industry, he said addressing a FICCI summit on infrastructure.

The Financial Express |

Govt to exempt vessels carrying exim cargo from duty on fuel

In a bid to boost coastal trade, the government has decided to exempt vessels carrying exim cargo from paying customs duty on marine fuel, a top official said.

“A decision has been taken that the coastal vessels which are carrying exim cargo or containers will be given duty free fuel … It suddenly cuts down fuel cost in coastal shipping,” Shipping Secretary Vishwapati Trivedi said.

The country at present levies about 25 per cent customs duty on marine fuel.

Removal of tax would draw big container ships to Indian coasts which is spread across 7,500 km area, Trivedi said. The quick decision making in the current policy scenario of the current government has been very encouraging for the shipping industry, he said addressing a FICCI summit on infrastructure.

Trivedi said there was also a need to shift the huge amount of transshipment through Indian coastline instead of the present practice of transshipment via Colombo.

Earlier the PMO had asked the shipping ministry to suggest ways to increase transshipment cargo movement in the country and reduce instances of containers offloading in Colombo.

Business Line |

Flawed pacts hurt road sector, says NHAI

Delays in decision-making by authorities, flaws in developer agreements and absence of a clear blueprint for highways have scuttled road sector's growth and PPP projects, NHAI Chairman R P Singh said on Tuesday. He, however said that efforts were on to bring the sector on track with steps like putting in place a dispute redressal mechanism, rescheduling of premium, easier exit norms for developers and changes in Model Concession Agreement (MCA). Much of the problem on PPP projects was caused by aggressive bidding for projects and there is tendency to pass on the risk to the government when the project becomes unviable, Singh said addressing a FICCI Infrastructure summit. The solution lies in total transparency in PPP projects, he added.

millenniumpost |

Green delays have badly hit highway projects: NHAI

Delays in decision-making by authorities, flaws in developer agreements and absence of a clear blueprint for highways have scuttled road sector’s growth and PPP projects, NHAI Chairman R P Singh said on Tuesday. He, however said efforts were on to bring the sector on track with steps like putting in place a dispute redressal mechanism, rescheduling of premium, easier exit norms for developers and changes in Model Concession Agreement (MCA).

Much of the problem on PPP projects was caused by aggressive bidding for projects and there is tendency to pass on the risk to the government when the project becomes unviable, Singh said addressing a FICCI Infrastructure summit. The solution lies in total transparency in PPP projects, he added.

Singh also blamed the Finance Ministry for the financing troubles in the sector. ‘If we had taken care of the things at the right time mistakes could have been rectified,’ he said, adding that Department of Financial Services had previously instructed financial institutions that unless 100 per cent land was in possession with all environment clearances, no lending for road projects should be done.

‘We have not got 100 per cent land even in Golden Quadrilateral project till today. It is not possible. These kind of diktats by different government departments has resulted in the plight of Transport sector. For three years, no environment clearance was given. A stitch in time could have revived the sector,’ he said.

Besides, a major problem, he said, was with interpretation of the Model Concession Agreement (MCA). The bureaucracy has the tendency to look for government-centric interpretation of the clauses in the MCA much to the detriment of the private sector, he said.

“There are 20 areas in the MCA which require interpretation... the Planning Commission was not willing to interpret MCA...,’ he said. Singh earlier also blamed Planning Commission for the plight of highway sector in the country.

‘The Planning Commission never did any exercise to assess what is the optimal grid of roads which is required in this country,’ Singh said. He added that the Commission, along with some wings of the Government, had marginalised NHAI and the Transport Ministry.

‘The infrastructure situation in the country is dismal; the pace of investment is sub-optimal and unless we come out of the subsidy regime and inject substantially more funds into capital expenditure for asset creation, the situation will not look up,’ he said.

He said that the sector’s problems were not unsurmountable and could have been easily fixed if only decisions had come faster on policy issues. ‘Unfortunately the country is not matured to go into PPP mode,’ he said and added that ‘MCA needs to be changed to give as much flexibility as possible’.

In a bid to revive investment in the sector, NHAI has sought easing of exit policy to enable divestment of equity to PE funds to bring liquidity into the system, and rescheduling of premium to start projects. ‘The two things which I expected the government to do which could have revived the sector for once and all... have been done to some extent with much delays and we have been able to help 13 projects, which were sure NPAs,’ he said.

Live Mint |

Roads regulator close to reality, cabinet nod likely by December

Nearly seven months after finance minister P. Chidambaram proposed setting up a roads regulator to address challenges such as financial stress, construction risk and contract management issues, the roads ministry is close to finalizing the structure and role of the proposed regulator.

“We will get the cabinet approval for the roads regulator by December,” Vijay Chhibber, roads secretary, told reporters at a conference organized by industry lobby Federation of Indian Chambers of Commerce and Industry.

The ministry of road transport and highways has proposed that the roads regulator have an adjudicatory role for contract dispute resolution, renegotiation of future contracts and enforcement of contractual obligations.

For issues related to renegotiation of existing contracts, tariff structuring and toll mechanisms, project entry and exit options and specific policy issues, the regulator is proposed to play an advisory role.

“Road ministry is working on these terms of reference and the constitution mechanism and organizational structure of the roads regulator is under finalization,” Chhibber said.

The roads ministry has set up a task force for looking into the framework of the authority. The ministry has proposed that the regulator be headed by a board with a chairperson and two members, to whom an executive wing with technical and secretariat support will report.

“Toll-paying users under the current architecture do not get a fair voice. We should have a third party whom users can approach if they are not being provided with the services promised in the contract,” said Chhibber. “Then we are struggling with (contract) renegotiations. A roads regulator will help address these issues.”

Economic affairs secretary Arvind Mayaram, speaking at the same conference, said independent regulators such as in the roads sector are necessary to avoid situations where private parties and government bodies are blaming each other for issues arising out of project implementation.

“Regulators must begin to do this. If there is a concession issue, if there is a problem about the economics of the project which can happen, then we very clearly look at the stress test. It should very clearly look at where culpability lies and some haircut needs to be put in place so that the moral hazard issue is properly answered,” he said.

The roads ministry saw a sharp decline in award of contracts for highways last year. Against a lowered target of 8,100km, only 1,116km of highway projects were awarded.

The ministry will ramp up award of road projects under the engineering, procurement and construction (EPC) mode in the absence of interest from private players for build, operate, transfer projects, Chhibber said.

The ministry is looking to award 6,500km of road projects through the EPC mode in 2013-14, he added.

“The primary role of the proposed road regulator should be appropriate risk and reward allocation between government, developers, lender and especially the users,” said Parvesh Minocha, managing director of the transportation business at infrastructure consultancy Feedback Infra Pvt. Ltd. “If this is done and a proper structure is put in place to implement it then the downstream remedial roles like dispute resolution and failure handling will get significantly reduced.”

The Statesman |

Nath for tramways in medium sized cities

Mr Kamal Nath, Union Minister of Urban Development and Parliamentary Affairs, today suggested initiation of a pilot project on tramways integrated with the transport systems in medium sized cities. After a successful trial, tramways should be introduced in tier-II cities and connected with major bus and rail stations, he said.

Addressing an Indo-French seminar on ‘Sustainable Cities-Next Generation Tramways Solutions’ organised by FICCI in association with the Ministry of Urban Development Government of India and Embassy of France, Mr Nath said, a tramway model integrates well and connects the areas within the city and intercity where Metro, BRT and Monorail cannot reach. Tramways allow towns to capture the economic impulse and density generated by large cities.

Mr Nath said: “I personally feel, guide way support construction projects are fast and inexpensive, minimising neighbourhood disruption in comparison to any at-grade rail system. Operating costs are lower than for buses. A tram system will provide easy interoperability with first-mile/last-mile modes such as bikes and walking, existing transportation systems, as well as high speed rail and Rapid Transportation Systems of the future.”

On the occasion, a white paper on ‘Tramways (Light Rail Transit) for Cities in India’ was released by Mr Nath. Dr Sudhir Krishna, Secretary, Ministry of Urban Development, Government of India, said that partnering with France in the space of urban transportation will help India to develop its transport system which is an important component for growth. Mr Paul Hermelin, the French Special Envoy for Bilateral Economic Relationship, said that in 1998 India and France had entered into strategic partnership and development of urban transportation is at the fore front of this partnership. Tramway is one of the best means of transport for India, he said.

Business Today |

Govt proposes to build 17 new airports by 2017

The government proposes to construct 17 new airports in the country in the 12th Five-Year Plan (2012-17) period.

The airports would be located at Mopa, Goa, Gulbarga, Bijapur, Hassan, Shimoga, Karnataka, Aranmula (Pathanamthitta) and Kannur in Kerala, Sindhudurg, Navi Mumbai and Shirdi in Maharashtra, Darba in Madhya Pradesh, Karaikal in Pudducherry, Kushinagar in Uttar Pradesh, Andal-Faridpur in West Bengal, Itanagar in Arunachal Pradesh, Kishangarh (Ajmer) in Rajasthan and Deoghar in Jharkhand.

Minister of State for Civil Aviation KC Venugopal informed the Rajya Sabha that 17 airports had been proposed in the 12th Plan period between April 1, 2012 and March 31, 2017.

The government had earlier expressed the need for improving air connectivity across India.

"We need more connectivity to smaller cities. There is also the need to build low-cost airports at these places. This will surely encourage a growth in passenger traffic," Civil Aviation Minister Ajit Singh had told IANS in an exclusive interview last year.

"Tier-II and Tier-III cities are the ones that are showing rapid economic growth. These are the places where the aviation service must improve," Singh had said.

A FICCI-KPMG report, 'India: The Emerging Aviation Hub', last year said the country has a potential of becoming a global aviation hub and the third largest aviation market in the world by 2020 if conducive policies to the growth of the civil aviation sector and focus on quality, cost and passenger interest are pursued.

It suggested that India be promoted as an industrial and tourism hub in order to derive synergistic benefits for the aviation industry.

Zee News |

Government proposes to build 17 new airports

The government proposes to construct 17 new airports in the country in the 12th Five-Year Plan (2012-17) period.

Minister of State for Civil Aviation KC Venugopal informed the Rajya Sabha that 17 airports had been proposed in the 12th Plan period between April 1, 2012 and March 31, 2017.

The airports would be located at Mopa, Goa, Gulbarga, Bijapur, Hassan, Shimoga, Karnataka, Aranmula (Pathanamthitta) and Kannur in Kerala, Sindhudurg, Navi Mumbai and Shirdi in Maharashtra, Darba in Madhya Pradesh, Karaikal in Pudducherry, Kushinagar in Uttar Pradesh, Andal-Faridpur in West Bengal, Itanagar in Arunachal Pradesh, Kishangarh (Ajmer) in Rajasthan and Deoghar in Jharkhand.

The government had earlier stated that it will look to connect more cities apart from metros with airport development.

"We need more connectivity to smaller cities. There is also the need to build low-cost airports at these places. This will surely encourage a growth in passenger traffic," Civil Aviation Minister Ajit Singh had told IANS in an exclusive interview last year.

"Tier-II and Tier-III cities are the ones that are showing rapid economic growth. These are the places where the aviation service must improve," Singh had said.

A FICCI-KPMG report, "India: The Emerging Aviation Hub", last year said the country has a potential of becoming a global aviation hub and the third largest aviation market in the world by 2020 if conducive policies to the growth of the civil aviation sector and focus on quality, cost and passenger interest are pursued.

It suggested that India be promoted as an industrial and tourism hub in order to derive synergistic benefits for the aviation industry.

Business Standard |

Government proposes to build 17 new airports

The government proposes to construct 17 new airports in the country in the 12th Five-Year Plan (2012-17) period.

Minister of State for Civil Aviation K.C. Venugopal informed the Rajya Sabha that 17 airports had been proposed in the 12th Plan period between April 1, 2012 and March 31, 2017.

The airports would be located at Mopa, Goa, Gulbarga, Bijapur, Hassan, Shimoga, Karnataka, Aranmula (Pathanamthitta) and Kannur in Kerala, Sindhudurg, Navi Mumbai and Shirdi in Maharashtra, Darba in Madhya Pradesh, Karaikal in Pudducherry, Kushinagar in Uttar Pradesh, Andal-Faridpur in West Bengal, Itanagar in Arunachal Pradesh, Kishangarh (Ajmer) in Rajasthan and Deoghar in Jharkhand.

The government had earlier stated that it will look to connect more cities apart from metros with airport development.

"We need more connectivity to smaller cities. There is also the need to build low-cost airports at these places. This will surely encourage a growth in passenger traffic," Civil Aviation Minister Ajit Singh had told IANS in an exclusive interview last year.

"Tier-II and Tier-III cities are the ones that are showing rapid economic growth. These are the places where the aviation service must improve," Singh had said.

A FICCI-KPMG report, "India: The Emerging Aviation Hub", last year said the country has a potential of becoming a global aviation hub and the third largest aviation market in the world by 2020 if conducive policies to the growth of the civil aviation sector and focus on quality, cost and passenger interest are pursued.

It suggested that India be promoted as an industrial and tourism hub in order to derive synergistic benefits for the aviation industry.

Business Line |

World Bank calls for reworking public-pvt contracts in transport sector

Renegotiating contracts terms with the private sector may be a difficult task for people in the Government.

But, as the Government is increasingly depending on the private sector to develop infrastructure such as roads and ports, it may now have to devise mechanisms to permit contract renegotiations, said experts at a FICCI conference on public-private partnerships (PPP).

Globally, most projects undertaken on PPP basis have to be renegotiated, said Onno Ruhl, Country Director, India, World Bank. He said a study of about 1,000 PPP projects undertaken across the world during 1985-2000 showed that 30 per cent of projects had to be renegotiated.

Cases of renegotiation were higher in sectors such as transport, water and sanitation sectors.

“In the transport sector, 55 per cent of (PPP) contracts were renegotiated…. More so in water and sanitation, where 75 per cent of contracts were renegotiated,” said Ruhl.

“I don’t think anybody has the ability to write contract for 20-30 years. But the challenge is to renegotiate in a transparent and equitable manner,” he said and added that the cost of non-adjustment could be very high. With many highway developers approaching the National Highways Authority of India (NHAI) to reschedule their premium payment to Government, Highways Secretary Vijay Chhibber said an institutional mechanism, like a highway regulator, which functions at arm’s length from both National Highways Authority of India (NHAI) and private developers, might be the answer.

Earlier, Economic Affairs Secretary Arvind Mayaram said there was a need to create more regulatory authorities independent of Government entities to fast-track PPP projects.

The Government has already announced setting up of new regulators for the coal and road sectors as well as a tariff regulator for the railways.

The Financial Express |

Rail rollbacks & oil price slippages

It has now been more than two weeks since the Railway Budget was presented. There has been plenty of action since then, with the new railway minister making a partial rollback of passenger fares. There has also been action on the proposed oil sector deregulation, with the oil minister indicating a possible increase in oil prices. In this piece, we look at the impact of the railways fare rollback, the feasibility of fiscal consolidation through the oil sector deregulation and some of the unexplained numbers in the Budget.

First, some of the numbers in the Budget that may give some comfort to the Government. As per the revised estimates for 2011-12, the drawdown of cash balances by the Government (to finance fiscal deficit) budgeted earlier at R200 billion, has been revised downwards to a negative R246 billion, and in 2012-13, it is projected at nil. Alternatively, this implies that the contribution of cash balances to the financing of the fiscal deficit was negative in 2011-12 and by simple arithmetic, the Government may actually carry forward a sizable cash balances (for example, this could be as much as R446 billion) into the next fiscal, a part of which may be used to enable the huge redemption of government papers in the beginning of the next fiscal (R590 billion during April-May 2012) and the rest for meeting any unforeseen slippages in the fiscal deficit for 2012-13 (independent estimates put this number at a roughly R200 billion/0.2% favourable hit on the budgeted fiscal deficit at 5.1%), without taking a recourse of increased borrowings. Interestingly, the Government is projecting (as noted earlier) a zero drawdown of cash balances in 2012-13, partly because of this carry-over and partly because of the fact that in 2013-14, the redemption pressures in the beginning of the year will be manageable, with R127 billion due in May 2013, giving the Government enough leeway.

Next, we did some back-of-the-envelope estimations regarding the rollback of the railway fare hike. As Table 1 shows, the estimated loss because of the rollback is R3,758 crore, which is translated into a slippage in the operating ratio from the budgeted 84.3 to 87.8. Interestingly, in the non-suburban segment, the loss post-railway fare hike is higher than the budgeted railway fare hike revenue (ideally, the loss should be the less than or equal to the projected increase in revenue from fare increase) in some of the segments (for example, First Class-Mail & Express and Ordinary, Sleeper Class-Ordinary).This particular trend may be possibly explained by the increased movement of some passengers to other classes (for example movement from sleeper class to AC 3-tier in trains like Rajdhani, even if the fare is high for more comfort and convenience). The converse is also true, with movement in passengers from the more costly First Class-M&E to less costly AC 3-Tier, but for the same reason. This shows that passengers clearly prefer comfort and convenience to fare (in both directions), thereby indicating that people are willing to pay more if comfort is forthcoming!

This apart, we also estimated the elasticity (responsiveness of the number of passengers traveling to fare increase) and found that in the non-suburban class, the AC 2-Tier and AC 1st Class had the maximum elasticity, followed by AC 3-Tier. On hindsight, this result may appear surprising, but the supposed high elasticity in AC 2-Tier and 1st class is because of the fact that a significant chunk of the people traveling in such classes have passes or are government servants and hence it may not matter to them even if there is a hike in passenger fares.

Next, the question of oil sector deregulation. The Budget 2012-13 has made a crucial assumption of cutting down oil subsidies by 36%, roughly R25,000 crore. However, for that to happen, the Government must announce a timetable of oil price increases. As Table 2 shows, currently the under recovery in diesel prices as a percentage of retail diesel price in Delhi is 30% (as on March 7, 2012). If we construct 5 scenarios that progressively assume an increase in international oil prices and rupee depreciation, the under-recovery in diesel prices may touch 50% of retail selling price in Delhi. Interestingly, the recent rupee depreciation, if prolonged (the probability of such an event is high, given that short-term debt repayments as a percentage of forex reserves is significant). With the Government rolling back railway fares, it remains to be seen how it takes forward the deregulation in oil prices.

The issue of oil sector deregulation brings into sharp focus the issue of proper targeting of subsidies. Take the example of kerosene. Currently, the under-recovery of kerosene as a percentage of selling price is more than 200%. Juxtapose this figure with the CAGR in kerosene consumption at a negative 2% for the 5-year period ended 2010-11 (diesel consumption expanded at 9% during the same period). The NSSO data also reveals that the percentage of rural consumption spent on fuels has declined in recent times. All these numbers point out that the intended subsidy for kerosene is not reaching the targeted beneficiaries. In fact, the Indian household has now become more intelligent in decision-making and find limited use in spending on expensive and unsustainable firewood or kerosene (expensive, since a large part of kerosene is diverted to the black market). Instead, thanks to the JNNURM mission, which provides solar lanterns and explicit benefits (for example, environmental), the poor are now happier to consider paying for solar power (small LPG cylinders are also being preferred to kerosene stoves for convenience).

To sum up, the first couple of months will set the course for fiscal consolidation and will provide a larger window of opportunity to the Government in the coming fiscal. As a matter of fact, as per the H1 borrowing calendar, the Government is scheduled to borrow 65% of the total gross borrowing requirement (of R5.7 trillion) in the first half of FY2013 (with borrowing projected to peak at R700–900 billion in the month of August 2012). On the positive side, as mentioned earlier, however, there is a possibility of lower government borrowings than the projected net borrowings, at R4.79 lakh crore for 2012-13, assuming all other budget targets are in course. Equally important is the revival in growth of the manufacturing sector, with the projected tax collections in 2012-13 (for example, excise) strikingly similar to the 2010-11 growth rates. Clearly, the Government is banking on a strong revival of the manufacturing sector in 2012-13, though it is not entirely clear how that may happen.

The author is director-Economics & Research, FICCI.

Hindustan Times |

PPP provides window to build rail infrastructure, says industry

The Railway Budget may have ruffled political feathers by raising passenger fares, yet industry associations and corporate captains praised the Budget for passenger fare rationalisation. There were expectations that introduction of public-private-partnership (PPP) would go a long way in the development of railway infrastructure.

"After a long gap of eight years, Railways in a commendable and positive step has proposed a hike in passenger fares, which could raise average passenger revenues by up to 10%, and help put railways finances back on track," said Abhaya Agarwal, executive director, Ernst & Young.

Industry associations CII, FICCI and Assocham endorsed the hike in passenger fares.

"This is indeed welcome as it will reduce, even if marginally, the cross subsidisation of passenger fares from freight," said Rajiv Kumar, secretary-general, FICCI.

However, concerns were raised on the increased freight charges and poor fiscal health of railways that have been worsening.

"Freight rationalisation announced earlier may partially push up the cost of selling steel," said CS Verma, chairman Steel Authority of India (SAIL).

The Confederation of All India Traders (CAIT) on its part blamed the government for making backroom adjustments, in the garb of public-private partnerships, to hand over expensive railway land to multinational firms.

Hindustan Times |

Rail budget misses reform chance

With assembly elections out of the way in four states and the national elections still two years away, this year's railway budget presented a chance for the government to push some much needed reforms. But it looks like a missed opportunity.

While the first hike in passenger fares in nine years stood out as the most bold step, the move to borrow from the market- a first for the Railways - is likely to put it under pressure.

"The increase in passenger fares was overdue, expected and welcome but more initiative and reform was required in the freight segment," said NR Bhanumurthy, professor at National Institute of Public Finance and Policy. "There is a huge volatility in financial markets, so I am not very sure if they would be able to borrow Rs 15,000 crore from the markets. Alternately, they should have explored the PPP (public-private partnership) route more intensely. Overall, it is a missed opportunity as far as reforms is concerned."

The budget digs into recommendations made by various committees including one by technocrat Sam Pitroda. The outlay has been raised to Rs 60,100 crore while the investment plan for the 12th Five-Year Plan has seen a quantum jump from Rs 192,000 crore to Rs 735,000 crore.

But not enough attention has been devoted to freight earnings, which contributes to the bulk of the Railways' earnings. The Railways carried 970 million tonnes of freight in 2011-12, missing the target of 995 mt.

"The budgeted freight earnings (growth) target for next fiscal at 30.2% may be difficult to achieve.....the share of freight in total railway earnings has declined from more than 80% in 1950-51 to 66% in 2011-12," said Rajiv Kumar, secretary-general, FICCI. "The finances of the Railways in the current fiscal may not be in ideal shape. Receipts-over- expenditure (surplus) has been revised downwards from Rs 5,158 crore to Rs 1,492 crore. This shows a sharp deterioration in railway finances, which is not healthy."

The Indian Railways' network is spread over 64,000 km, with 12,000 passenger and 7,000 freight trains each day from 7,083 stations that ferry 23 million travellers and 2.7 million tonnes of goods daily. With a turnover of Rs 106,000 crore, it is world's third largest railway network and one of the largest employers worldwide.

"The rail budget is a missed opportunity in a big way," said Ajay Mittal, chairman, Arshiya International Ltd. "On a scale of 10, it scores a 2."

The Statesman |

Corporate India hails Rail Budget

Corporate India today generally welcomed the Railway Budget, calling it “practical and pragmatic” with its thrust on passenger safety, infrastructure modernisation and operating efficiency.

“It is a balanced budget by the Railways Minister, Mr Dinesh Trivedi, and yet bold in many ways. Hike in passenger fare was long pending, so was the thrust on operating efficiency,” said Mr Chandrajeet Banerjee, director-general, Confederation of Indian Industry.

Another industry body FICCI described as a “bold step” the hike in passenger fares that had not been touched since 2002-03. This is indeed welcome as it will reduce, even if marginally the cross subsidisation of passenger fares from freight, it said.

The much needed investment in infrastructure will result in safety, decongestion, capacity augmentation and modernisation of the system, creating more vibrant Railways, FICCI said. Assocham president, Mr Rajkumar Dhoot hailed the steps relating to raising resources for meeting high safety and hygiene standards.

The business lobby called for accelerating the PPP model in railways. “There is far more articulation warranted to monetise the assets by commercialising prime land and properties to raise resources. He called for market-based pricing as the number of passengers has more than doubled in the past five years but the rail network has not expanded in proportion,” said Mr Rana Kapoor, Assocham senior vice-president.

Mr M Rafeeque Ahmed, president, Federation of Indian Export Organisations, said that as anticipated there has been a marginal hike in passenger fares and no rise in freight rates that were earlier raised on key commodities such as coal, foodgrains and fertilisers.

The Indian Chamber of Commerce feels that the Railway Budget which aims to contribute 2-2.5 per cent to the GDP instead of the current one per cent, will boost India’s economic growth. The ICC is of the opinion that it will augment infrastructure by focusing on freight corridors and facilitate smoother flow of goods and services.

The chamber has welcomed the decision to set up an independent safety authority with statutory powers for significantly strengthening safety standards.

Mr Deepak Jalan, senior vice-president of the MCC Chamber of Commerce and Industry, congratulated the railway minister for presenting a pragmatic, safety-oriented and forward-looking budget targeting 725 km new lines, 700 km doubling of railway tracks and the proposal to set up a factory in West Bengal for manufacture of next generation propulsion system of electric locomotives.

The Bengal National Chamber of Commerce and Industry president, Mr Tejomoy Roychowdhury, said that the railway minister should be complimented for not raising the freight rates although the passenger fares have been increased.

Mr Ashok Aikat, president, Bharat Chamber of Commerce, said that the railway minister has indeed presented a well-balanced budget for 2012-13.

The Indian Express |

India Inc calls Rail Budget pragmatic

Corporate India gave its thumbs up to the Railway Budget, describing it as “practical and pragmatic” with its thrust on passenger safety, infrastructure modernisation and operating efficiency.

“We appreciate the bold and pragmatic budget presented by the Railway Minister. The heightened focus on safety and modernisation is welcome and meets many CII pre-budget recommendations. Increase in fares after several years will impart greater flexibility for future requirements,” Chandrajeet Banerjee, Director-General, CII.

CII also welcomed the stress on public private partnership through an additional Member, Railway Board, for PPP. “Several new bodies have been announced for safety, logistics support, tariff regulation, housekeeping and R&D. It is a practical and far-reaching Budget that looks ahead to the future,” he said.

FICCI said that Dinesh Trivedi has taken a bold step of raising passenger fares that had not been touched since 2002-03. “The hike will reduce, even if marginally the cross subsidisation of passenger fares from freight. The much needed investment in infrastructure will result in safety, decongestion, capacity augmentation and modernisation of system, creating a more vibrant Railways,” it said.

FICCI also appreciated the efforts of the ministry to bring down the operating ratio from 95 per cent to 74 per cent in the terminal year of 12th Five Year Plan. Interestingly, the budget also makes a reference to linking the fares to fuel in the near future.

The Associated Chambers of Commerce and Industry of India said, though the intention of railway minister is good, it looks yet another missed opportunity to lay foundation for implementing the Vision 2020 document by mobilising adequate resources through public private partnership model in tune with double digit GDP growth.

The Tribune |

Bold, pragmatic: Industry

Railway Minister Dinesh Trivedi may not have backers in his own party for the Rail Budget presented today but industry has come out in support of a “bold and pragmatic budget”.

Industry chamber FICCI said while the “intentions are noble, implementation will remain a challenge”.

FICCI welcomed the Railway Budget for having taken the bold step of raising passenger fares that had not been touched since 2002-03. This is indeed welcome as it will reduce, even if marginally the cross subsidisation of passenger fares from freight. The much-needed investment in infrastructure will result in safety, de-congestion, capacity augmentation and modernisation of system.

However, it pointed out that the finances of the Railways in the current fiscal may not be in ideal shape, given that the surplus of receipts over expenditure (after adjusting for dividend payments) has been revised downwards from Rs 5,158 crore to Rs 1,492 crore. This shows a sharp deterioration in railway finances, which is not healthy.

CII said the budget was “bold and pragmatic” budget and the increase in fares after several years will impart greater flexibility for future requirements.

It also welcomed the stress on public-private partnership through an additional Member, Railway Board. CII said it is a practical and far-reaching Budget that looks ahead to the future.

Reacting to proposals of the Railway Budget for 2012-13, Assocham said though the intention of railway minister is good, it looks yet another missed opportunity to lay foundation for implementing the Vision 2020 Document by mobilising adequate resources through public- private partnership model.

Assocham president Rajkumar Dhoot said the modest rise in fares is inevitable due to high crude oil prices internationally and prevailing inflationary pressures.

“The goal of Vision 2020 Document could be a reality if public-private partnership is seriously taken up for monetising huge chunks of land and properties in metros and elsewhere,” he said.

Business Line |

Govt to award projects for developing 15,000 km of highways

The Road Transport and Highways Ministry has set a target to award projects to develop 15,000 km of highways during 2010-11.

This, even as the Ministry has fallen short of its 2009-10 target of awarding 126 projects to develop 11,928 km of highways. This target was set under `work-plan-I'.

The Government could award only 32 projects to develop 3,600 km in 2009-10. In fact, in October 2009, the Road Transport and Highways Minister, Mr Kamal Nath, had admitted that the target may not be met in 2009-10 and had shifted the deadline for work-plan-I by three months to June. But, the Government may not be able to keep up even with the revised June target since for for 41 projects of work-plan I, bids are yet to be invited.

"We plan to construct 3,000 km of highways this year. By June, we aim to award 50 projects out which 32 have already been awarded," Mr Nath said, while speaking on the sidelines of a conference organised by FICCI.

"For 41 road projects out of the proposed Work-Plan-I of the NHAI, bids are yet to be invited," said Mr Brahm Dutt, Secretary, Road Transport and Highways Ministry, interacting with reporters later during the day. In a related move, the NHAI Board met today and approved award of 11 projects.

At the conference, Mr Kuljit Singh, Ernst and Young stressed that there is a need to focus on implementation of projects. Mr Singh said that just like the Planning Commission plans projects, there should be an implementation commission, which checks the extent of actual implementation. Mr B.K. Chaturvedi, Member, Planning Commission, who also heads Prime Minister's high powered committee on infrastructure, said that it is also the job of the Planning Commission to extend support to concerned Ministries in their programme implementation.

When asked about the controversy on States such as Uttar Pradesh not signing the omnibus State Support Agreement suggested by the Ministry, Mr Brahm Dutt admitted that UP has concerns on whether it can build its expressways after signing such an agreement.

"UP has to see that the expressways it builds do not compete with our National Highways," he said adding that UP has been "very cooperative in the last two-three years".

Times of India |

Road projects go on fast track

In what could be an indication of the Indian highways' revival, the National Highways Authority of India (NHAI) awarded 45 projects of 4,750 km in the last one year against only eight projects in 2008. The highways authority awarded 13 projects on a single day on Monday to take the total number of awarded projects to 45 from 32 in March.

The road transport secretary Brahm Dutt claimed that the private developers are now taking huge interests in bidding with almost all projects on the offer receiving 15-20 bids. Earlier in the day, addressing the India Infrastructure Summit organized by FICCI, minister Kamal Nath claimed that there has been over four-fold increase in the awarding of highways projects during his tenure of past one year than what was achieved in 2008.

"I am confident that by June we will be able to award 50 projects," he added.

In late afternoon, transport secretary said that already bids are out for 40 more projects and they are hopeful of awarding them soon. Ministry officials said that the bidders have regained their interest in highway projects after government removed certain irritants in the Model Concession Agreement (MCA). Dutt also said that now they are hopeful that this will continue and hence they will be able to meet the target set for this financial year.

Dutt said that the bidding process for the rest 41 projects of Work Plan-I has not yet started. "Out of the 41 projects, the bidding process for seven projects will start only in June and for the rest it will start soon," Dutt said.

Despite awarding of projects, the NHAI is all set to miss the target of awarding all projects under the work plan-I for the second time.

The Financial Express |

‘NHAI to award 50 projects in FY 11’

National Highway Authority of India (NHAI) will award 50 projects in 2010-11, road transport and highways minister Kamal Nath said on Monday. NHAI could only reach close to the half-way mark to the downwardly revised target of awarding projects for the development of national highways in 2009-10. It could award 38 projects for expansion of roads to the tune of 3,351 km during the year against the target of 7,000 km.

In the current year too, the authority needs to award 7,305-km for expansion, according to the outcome Budget 2010-11 of the ministry. This is together with ensuring that 20-km roads are built every day by June 2010. At present, 12-13 km roads are constructed per day. “In the last 11 months of 2009-10, 32 road projects have been awarded as against eight in 2008-09. The expectation is that by the end of the current financial year about 50 road projects will have been awarded,” Nath said at ‘India Infrastructure Summit 2010’, organised by FICCI. “To do 20 km of highways a day, you need to have in place 20,000 km of work-in-progress. We still have a long way to go in this regard and we need to ensure that roads that are built are not at crossroads with the people,” he said.

India needs to spend $500 billion in the five years to 2012 to overhaul its congested ports and airports, fix its potholed roads and generate more power to sustain 8-9% economic growth.

To meet the investment requirement in the road sector, Nath’s ministry is exploring the possibility of actively deploying insurance and pension funds for road development projects, road transport and highways secretary Brahm Dutt said. He said India Infrastructure Finance Company Ltd. (IIFCL) already provides refinance of up to 60% of the loans provided by banks to infrastructure projects.

Asian Age |

Can’t build 20-km road a day, admits Nath

The Union minister of Road Transport and Highways Kamal Nath on Monday admitted that he had failed to meet his target of building 20 km of road per day in fiscal 2009-10.

The ministry had last year set a target of building 20 km of roads each day, as part of its plans to improve infrastructure in the country. But Mr Nath said only less than half of the target could be achieved due to problems in acquiring land and awarding contracts.

“To build 20 km of highways a day, you need to have in place 20,000 km of work-in-progress. (But) we still have a long way to go in this regard and we need to ensure that roads that are built are not at cross-roads with the people,” said the minister while inaugurating an infrastructure summit.

“We would be able to build 12-13 kilometres of roads a day in the current fiscal. We are expecting over 60 per cent of the funding from the private sector,” said Mr Nath.

The failure to meet the target could affect infrastructure companies, whose sha-res have risen last year over the prospects of higher revenue expectation due to faster completion of projects. Before Mr Nath took over as the road and highways minister, India was building only two km road a day. In last 11 months, 32 projects have been awarded compared to just eight projects in the previous year.

But foreign investors have shied away from the sector even though the government has allowed 100-percent foreign direct investment, due to problems in land acquisition and difficulties in collection of toll tax.“This financial year, we should be close to building 3,000 km,” the minister said.

But achieving that target will need an investment of about Rs 2,00,000 crore annually, of which the government expects 60 per cent to come from the private sector, he said.

India needs to spend $500 billion in the five years to 2012 to overhaul its congested ports and airports, fix its roads and generate more power, the government has said, to sustain eight per cent growth.

Financial Chronicle |

Rs 15,000 crore road projects in FY11: Nath

Roads minister Kamal Nath’s 20 km road per day plan may remain a pipe dream for some time now.

The minister, who has been harping on this at forum after forum, on Monday admitted that there is a long way to go before the target is achieved.

“To do 20 km of highways a day, you need to have in place 20,000 km of work in progress. We still have a long way to go in this regard and we need to ensure that roads that are built are not at crossroads with the people,” Nath said at the two-day India infrastructure summit held by FICCI.

Till last month, Nath was confident of building 20 km per day by June this year. On Monday, he sounded more realistic and said, "the country is likely to build only 12-13 km road per day in current fiscal." the roads ministry is likely to award projects worth around 15,000 km by March 2011.

This would include over 4,000 km road projects from work plan I (2009-10). Under this plan, the roads ministry had planned to award 126 projects of 11,900 km worth over Rs 1,00,000 crore by March-end this year.

However, only 32 projects covering around 3,600 km were awarded.National Highways Authority of India (NHAI) awarded 13 projects covering 1,150 km at its board meeting on Monday, while another 41 projects are under process of either receiving bids or being awarded.

With this, there are still around 40 projects for which bids are yet to be invited. “We would award 92 projects covering 11,700 km under the work plan II and remaining projects of work plan I this year. Of the remaining 41 projects, we would not be able to invite bids for seven projects due to various reasons,” roads secretary Brahm Dutt said on sidelines of the summit.

These seven projects also include two mega projects for which the road ministry is yet to finalise request for qualifications. Dutt said there were also issues involving existing concessionaires with the mega projects.

The nodal ministry is awaiting planning commission’s clearance to its proposed draft on expressway authority.

The Tribune |

Govt lowers road construction target

Facing problems due to lack of a system in place, adequate infrastructure and technology, the government has lowered its target for building highways to 12 to 13 km a day from 20 km in the current fiscal.

“We have lowered the achievable target for building highways from 20 km per day to 12 to 13 km. This (20 km per day of highway construction) is not possible. For that (20 km target per day) we have to develop a system which will require adequate infrastructure and technology,” Road and Transport Minister Kamal Nath said here today.

He was speaking at a function organised by the Federation of Indian Chambers of Commerce and Industry (FICCI).

The government last year had set a target of building 20 km of highways everyday as a part of its plans to improve infrastructure, crucial to the country’s economic growth. It has allowed 100 per cent foreign direct investment in the sector.

But so far, it has been able to build less than 10 km a day due to problems in acquiring land and awarding contracts.

Speaking to the reporters on the sidelines of the function, Nath said, the government will award contracts to build 15,000 km of highways by March 2011, of which 6,000 km is the backlog.

Deccan Chronicle |

Can’t build 20-km roads a day, admits Nath

The Union minister of Road Transport and Highways Kamal Nath on Monday admitted that he had failed to meet his target of building 20 km of road per day in fiscal 2009-10.

The ministry had last year set a target of building 20 km of roads each day, as part of its plans to improve infrastructure in the country. But Mr Nath said only less than half of the target could be achieved due to problems in acquiring land and awarding contracts.

“To build 20 km of highways a day, you need to have in place 20,000 km of work-in-progress. (But) we still have a long way to go in this regard and we need to ensure that roads that are built are not at cross-roads with the people,” said the minister while inaugurating an infrastructure summit.

“We would be able to build 12-13 kilometres of roads a day in the current fiscal. We are expecting over 60 per cent of the funding from the private sector,” said Mr Nath.

The failure to meet the target could affect infrastructure companies, whose sha-res have risen last year over the prospects of higher revenue expectation due to faster completion of projects. Before Mr Nath took over as the road and highways minister, India was building only two km road a day. In last 11 months, 32 projects have been awarded compared to just eight projects in the previous year.

But foreign investors have shied away from the sector even though the government has allowed 100-percent foreign direct investment, due to problems in land acquisition and difficulties in collection of toll tax.“This financial year, we should be close to building 3,000 km,” the minister said.

But achieving that target will need an investment of about Rs 2,00,000 crore annually, of which the government expects 60 per cent to come from the private sector, he said.

India needs to spend $500 billion in the five years to 2012 to overhaul its congested ports and airports, fix its roads and generate more power, the government has said, to sustain eight per cent growth.

Express Buzz |

Govt prunes road construction target

Citing several bottlenecks, the Government has lowered its target for building highways to 12-13 km a day from 20 km in the current fiscal.

“To do 20 km of highways a day, you need to have in place 20,000 km of work-n-progress. We still have a long way to go in this regard and we need to ensure that roads that are built are not at crossroads with the people. So we have lowered the achievable target for building highways from 20 km per day to 12-13 km,” Road and Transport Minister Kamal Nath said here while inaugurating the ‘India Infrastructure Summit 2010’ organised by FICCI in association with the Ministries of Civil Aviation, Railways, Road Transport & Highways and Shipping.

Last year, the UPA Government had set a target of building 20 km of highways every day as part of its plans to improve infrastructure, crucial to the country’s economic growth. It has allowed 100-per cent FDI in the sector.

But so far it has been able to build less than 10 km a day due to problems in acquiring land and awarding contracts.

Nath said the Government will award contracts to build 15,000 km of highways by March 2011, of which 6,000 km is the backlog.

He also said work would be expedited to meet the target for this year involving private parties through the PPP (Public-Private Partnership) route.

B K Chaturvedi, Member, Planning Commission, said that a mechanism had been put in place for a quarterly review of implementation of infrastructure projects with the ministries concerned. The Planning Commission would review these projects and sort out the problematic issues with the implementing ministry, he said.

He said that by the end of the 12th Plan investment in infrastructure would reach a figure of 9 per cent of GDP, a target that was set out for the 11th Plan period.

Dr. Rakesh Mohan, Chairman, National Transport Development Policy Committee, emphasised the need for capacity additions in all modes of transportation.

To achieve a GDP growth of 10 per cent annually, infrastructure growth has to be much higher than 10 per cent, he said. He called for an integrated policy on inter-modal transport for efficient and seamless transfers across different modes, both for freight and passenger movement.

Business Standard |

Railway infrastructure projects go off track

Railway Minister Mamata Banerjee has had a remarkably busy year, even by her own standards. Since presenting her first railway budget as a minister in the United Progressive Alliance government last July, she has kept herself busy flagging off trains, especially in West Bengal.

As on December 30, 35 new passenger trains, seven superfast Duronto Express and one ‘Yuva’ train were introduced, while 17 trains were extended and the frequency of eight increased.

Weekends have generally been reserved for attending ceremonies on infrastructure projects announced in the Budget. The problem is they have largely remained just that — after the ceremonies were over and the lights dimmed, most the projects went back into darkness.

As Banerjee gets ready to deliver her second railway budget later this month, many of the infrastructure projects are yet to obtain governmental approval. Some schemes have been hurriedly pushed through only in the last few weeks, possibly because the railway minister needs to improve her ‘Action Taken’ report.

Among the larger infrastructure ventures that Banerjee had announced, the proposal to set up a coach factory at the Kanchrapara-Halisahar railway complex near Kolkata had evinced significant interest. However, eight months after the idea was mooted, it’s only next week that the details would be submitted for Cabinet approval.

The proposed takeover of Kolkata-based wagon maker Burn Standard by the railways, too, is yet to be taken to the Cabinet for approval. Officials at the Ministry of Heavy Industries, the current custodian of Burn Standard, have said that state-owned RITES, a railway engineering and consultancy firm, has been appointed to undertake due diligence to assess the assets and liabilities of the wagon maker.

“RITES is expected to submit its report in the next 15-20 days, after which a final Cabinet approval will be sought. We are hopeful that the approval (for the takeover) will be given this financial year,” an official said.

Railway ministry sources admit that another landmark proposal to have world-class facilities in about 50 railway stations hasn’t taken off yet. The initial plan was to develop these facilities through the public-private-partnership (PPP) mode.

“The idea was to try the model at the New Delhi and Hyderabad railway stations and then to replicate them elsewhere. But no great progress has been made so far,” sources said.

The much-touted ‘Kisan Vision’ project, which according to Banerjee was “the contribution railways proposed to make to the second green revolution”, has also failed to make much headway.

Although in November last year, the railway minister had laid the foundation stone for the first rail-linked perishable cargo centre at Singur in West Bengal, the future blueprint for the scheme was still unclear, indicated officials at Concor (Container Corporation of India). Fresh and Healthy Enterprises, a subsidiary of Concor, has been designated to set up these cold-storage facilities under the ‘Kisan Vision’ project.

“The railways approached us about two months ago to become a part of this project. So far, only the Singur facility has been finalised and we are working on making the designs for this,” a senior official at Concor said.

Singur is the place where the Tatas had initially intended to manufacture their small car Nano and eventually had to relocate elsewhere after a sustained opposition, primarily led by Banerjee's Trinamool Congress.

Among the other schemes that have or are being hurriedly pushed through include the launch of the mobile ticketing van scheme — ‘Mushkil Aasaan’ — in January. Last week, the railway ministry signed a memorandum of understanding with the Ministry of Health and Family Welfare for developing healthcare infrastructure along the railway network nationwide. Both these schemes were mentioned in Banerjee's budget speech last year.

Financial Chronicle |

Mamata assures India Inc of faster approvals

If one were to go by the words of railway minister Mamata Banerjee, there might be a sea change in the way the railway board functions. Banerjee has promised the potential as well as the existing private partners of Indian Railways that its board will be as fast as Duranto ­ the non-stop train announced by the minister in the previous budget.
"Do not worry, the railway board will be faster, like Duranto," she said during her pre-budget meeting with the industrialists. Her remark came after a number of companies involved in various railway projects complained about the slow and lengthy procedure of clearing files and approval for projects.

"There is a dichotomy between the policy and procedure. Those who can perform have no orders and those who are not performing have orders," Ramesh Maheshwari, executive vice-chairman of Texmaco, said. Private companies have been raising concerns over the slow approval of projects and tenders, mainly at the end of the railway board. There are many proposed changes related to wagon, coaches, private terminal policies that are yet to take place. Companies such as Bombardier, Titagarh Wagons said that the railways must rationalise its processes.

The minister has assured that all pending policies on wagons, auto hubs, and cargo terminals will be put in place by the railway board soon. Considering that the railways are in dire need of funds and private participation seems to be the only way out, there is a little more hope for the companies that their demand would not fall on deaf ears this time.

Railways require an investment worth Rs 14,00,000 crore in the next ten years. According to a railway ministry official, there is a shortfall of over Rs 3,000 crore even for railways' present projects.
"Such a huge amount cannot come through budgetary support. We will have to attract private players to meet the funding gaps and therefore, it is obvious that their demands would be considered seriously," the official, who did not wish to be named, said.

The minister has also invited private companies to invest in new railway tracks.
"Companies should invest in the new railway lines. Once, the line is established, we are ready to give you economic share," she said.

Mail Toady |

Didi puts Singur behind and woos industry to power railways

Mamata Banerjee, who did not leave any stone unturned to drive the Tatas out of Singur, is keen to shed her anti-industry image. The Railway Minister put her best foot forward to woo industry captains during pre-railway budget consultations here on Friday. "We cannot build without you," she urged the gathered industrialists.

"We do not have enough money to expand. We want you to invest. Give us proposals and we will give a shape to them," she said. "We need you to come forward to build the eastern freight corridor. We need your investment to help build this."

For some time now, Mamata has been moving away from her anti-industry image. She has appointed people such as FICCI's Amit Mitra, ad man Suhel Seth and technocrat Sam Pitroda to head various committees to modernise the railways and help earn more revenue.

At the event, Mamata gave enough cues about the railway budget. The railways will roll out the red carpet for the industry to attract more investment in all sectors. Public-private partnership will be allowed in areas such as freight, machinery, commercial development of land, manufacturing of rail components and laying of tracks.

The Tribune |

Didi seeks industry’s views on Rly Budget

Railway Minister Mamata Banerjee today interacted with the representatives of the Chambers of Commerce and Industry and other major industry associations as part of her effort to bring out a please-all Railway Budget.

In a first of its kind interaction with the industry representatives, Mamata heard the views and proposals from them which could make the running of the railways more smooth and better.

Railway Board chairman SS Khurana and all board members were present at the pre-budget meeting that was aimed at obtaining innovative ideas for placing the Railways on a sustained and rapid growth path.

It also provided a forum for welcoming suggestions and inviting proposals for investment through public-private partnership in various ongoing and future projects of the Railways.

Representatives from FICCI, ASSOCHAM, CII and PHD Chamber of Commerce & Industry besides others were present at the meeting with the Railway Minister.

In its pre-budget recommendation, the Confederation of Indian Industry (CII) has asked the Railway Ministry to broaden its scope for public-private partnership (PPP) and share risks.

“The PPP engagements need to be clearly segregated from outsourcing tasks of the Railways and must essentially involve sharing of risks and rewards on investments between both partners in the process," CII said.

The Railway Budget 2010-11 is scheduled to be presented to the Lok Sabha on February 24 after the Budget session of Parliament begins on February 22. CII also said the practice of lowest price tenders and quotes had to be broken and benefits like excise exemption, incorporation of price variation clause and e-tendering should be given to industry.

The Times of India |

U-turn: Now, Mamata on overdrive to woo investors

Attempting an image makeover after opposing most major projects in her home state of West Bengal, railway minister Mamata Banerjee seemed to be going over the top in a bid to privatise every sector of Indian Railways at her pre-budget meeting with industry representatives here on Saturday.

Mamata's eagerness to privatise the railways, whether in extending railway tracks by 49,000 km to railway safety, infrastructure development to technology, came as a surprise, since she has so far talking of the PPP (private-public-partnership) model as the best mode of turning the railways into the government's biggest revenue-generating unit. In fact, FICCI secretary general Amit Mitra, who heads the experts committee for the railways and who moderated the interactive session with the industry representatives, saw the railways saying that without private funding it would not be able to meet its target of extending the track laying network.

Saturday's meet was open-to-all meet. Banerjee took suggestions from the industry representatives, in the presence of the media. Railway association heads were also present on the dais. The minister's performance was obviously crafted to send across the message that she means to deliver -- resolve every issue over the table in minutes, and in the most transparent manner. If Texmaco chairman Ramesh Maheshwari said that he was ready to provide at least 10,000 railway wagons in a year and had the capacity to do so but was not getting orders from the railways, Mamata took the question straight on and got the related member of Railway Board to reply to him.

The Telegraph |

Rail prefers public-private track

Mamata Banerjee today held an interaction with industry leaders to encourage private investment in railway projects.

Responding to the rail minister’s initiative, industry leaders suggested a number of measures, among them a greater thrust on public-private partnership for more investments in infrastructure, technology upgradation in Indian railways and the rationalisation of interface between the railways and the suppliers to the sector.

Today’s interaction is significant as the rail minister is scheduled to present her budget for 2010-11 to the Lok Sabha on February 24.

Mamata urged the private players to set up wagon manufacturing units to reduce the scarcity of rail wagons and come up with proposals to assist building of 49,000 km of rail tracks.

According to a Vision 2020 document, the ministry will require Rs 14 lakh crore in the next 15 years for expansion and development.

Railway Board chairman S.S. Khurana and other senior railway officials were also present at the meeting.

Apart from chambers such as FICCI, Assocham and the CII, around 150-200 industrialists attended the meeting, including heads of the Food Corporation of India, SAIL, Bharat Petroleum, Adani Ports, Siemens, Asea Brown Boveri, GE Infrastructure, GE Electric, Sumitomo, Hutchison and private shipyard builders.

On industry observation about railways safety measures, officials said the ministry was planning to revive the special railway safety fund with a proposal to the finance ministry for Rs 20,000 crore for the next 10 years.

The dedicated safety fund was set up in 2003 with a corpus of Rs 17,000 crore for a period of 10 years.

The ministry plans to use the proposed Rs 20,000 crore for upgrading and maintaining tracks and the signalling system.

Officials said over the years collisions had reduced from 30 in 2001-02 to 13 in 2008-09. Similarly, derailments have dropped sharply from 280 in 2001-02 to 85 in 2008-09.

The Confederation of Indian Industry (CII), in its pre-budget recommendation, asked the railway ministry to broaden its scope for public-private partnership (PPP) and share risks.

“The PPP engagements need to be segregated from outsourcing tasks of the railways and must essentially involve sharing of risks and rewards on investments between both partners in the process,” said CII.

The PHD Chamber said more freight would come to railways only if they become more price competitive, provide economical rates, adequately address capacity constraints on the high density corridors.

Asian Age |

Mamata asks India Inc to invest in rail

It was yet another attempt by Trinamul Congress chief and railway minister Mamata Banerjee to shed her anti-industry tag, one which she earned during her party’s Singur and Nandigram agitations in West Bengal. And Mamatadi did it with confidence, going out all out as she did on Saturday to aggressively woo the private sector to help the railways build its infrastructure.

Singur and Nandigram seemed like ghosts from the past as the railway minister spent nearly four hours interacting with senior trade and industry representatives and chambers of commerce from across the country, telling them time and again to come forward and invest in the railways. PPP (public-private partnership), in fact, seemed the leitmotif of what was a pre-budget consultation held by her with the private sector in the Capital on Saturday as she repeatedly called upon the industry to invest in the railways.

Admitting that the railways is faced with a paucity of funds, the rail mantri (minister) told the gathering: “the time has come...not only will the government provide but we also welcome public-private partnership. “ She further told the industry reps that they could help from “A to Z” in areas like wagon manufacturing, coaches, even railway lines. However, she said the core areas would remain with the railways. “You must set up your industry to help meet the railways demands. Rakes, coaches, are not available. You have to set up industry for that,” she said in her opening remarks. She also spoke about the 25,000 route kilometres of railway lines that need to be built and called upon the industry to “participate in building the lines”. She added, “if you don’t participate, we cannot increase our lines”.

Trinamul Congress spokesperson and the chairman of the Railway Passenger Services Committee, Derek O’Brien, who was also present during the interaction and spoke at the end of the meeting, seemed to sum up his leader’s new avatar quite pithily: “Till 3.15 (the time the interaction began), I thought an MBA stands for Master of Business Administration. But now (the time was 6.45 p.m.), it stands for Mamata’s Business Acumen.”

A testimony to this was also the setting of Saturday’s interaction. It was not some stuffy conference hall but the open environment of the Railway Eco Park in Chanakyapuri. Women in silk sarees with rose petals and tilak waited for the guests as they walked in.

The seating was around circular tables with snacks like peanuts and cheese straws and mineral water manufactured by the railways. The minister herself sat on a dais flanked not only by all the Railway Board members but also railway union representatives and minister of state for health Dinesh Trivedi.

Financial Chronicle |

Manmohan keen on revamping railways

The Rs 80,000-crore Indian Railways, the country’s single largest business and employer, could be in for a revamp.

Prime minister Manmohan Singh is keen to make Indian Railways a vehicle for achieving fast economic growth during next three years. In this connection, planning commission deputy chairman Montek Singh Ahluwalia has last week submitted a plan to overhaul the railways, effect its makeover to a business enterprise and consolidate its diversification in strategic but focused areas.

PMO has identified the railways as an infrastructure growth driver that will shoulder the major burden of stepped up public investments in a string of projects, besides roping in private companies through public-private partnership (PPP) ventures.

Like telecom became a major growth impetus, following the reorganisation of the telecom department in 1992, the railways have been identified to play a similar role during next three years.

Ahluwalia in a letter to the PM on Friday focused on the overhauling of the railways required ‘to make it a growth engine’ at a time when economy is regaining confidence for next takeoff phase. Ahluwalia was not available for comments.

His letter follows a review of the performance of the railways by the PM last Tuesday during which he asked the plan panel deputy chairman to come up with options for the railways for the next growth phase. With airlines and private airport operators facing business sustainability hurdles, roads already on growth path, railway has been identified as the area where reforms can be attempted.

Among the options is one for giving the railways a corporate look with various businesses organised into profit centres. The idea is to turn the railways into a holding company of sorts with over a dozen subsidiaries in specific business areas under the Companies Act of 1956.

Another option is to give Railways a board of directors and run the organisation as a “social enterprise” so that the “social and economic development role” is served.

The issue of “focused modernisation, expansion and diversification of railways” into other areas like telecommunication, power transmission, financial services, consultancy, infrastructure development apart from thrust on exports has also been flagged.

A core group set up by the PM is expected to dwell into ‘fresh ideas and thinking’ to give the revamp plan a concrete shape. PM’s advisor Sam Pitroda would, in all probability, anchor this ‘overhaul plan’.

Pitroda has already been entrusted the task of overseeing the next phase of expansion of the railways by minister Mamata Banerjee. Pitroda was away in the US and could not be reached for comments.

Three high-level panels in the railway ministry are looking into the various aspects of rail growth plan, from developing profitable public-private partnership templates to technology upgradation as well as to provide the cultural cutting edge by way of utilising the sector's vast heritage properties as tourist centres.

Railway minister’s OSD Gautam Sanyal told Financial Chronicle that the ministry is engaged in the modernisation of the railways. An expert committee under the chairmanship of Amit Mitra, secretary general FICCI, had made proposals about business models and innovative financing and had come up with key private public partnership models to work upon. Mitra's committee includes among others, chairman of the railway board and a clutch of former and serving board members.

Deccan Herald |

Finance panel for realty, rail sectors under GST ambit

Finance Commission Chairman Vijay Kelkar, on Monday, stressed the need for bringing in the housing and construction as also rail sectors under the ambit of proposed Goods & Services Tax (GST) regime.

Addressing the Ficci National Executive Committee Meeting and later briefing reporters here, he justified expanding the GST envelope to the realty and rail sectors stating that broader the tax base, lower will be GST rate.

Stating that the 2003 FRBM Task Force Report had mooted the idea of taxation of real estate, he said, while construction sector is a significant contributor to national economy, housing expediture dominates personal consumption expenditure.

According to him the present piece meal taxation of the sector only encouraged perverse incentives. Elucidating, he said, while raw material is charged Cenvat, works contract is charged VAT and stamp duty levied on the sale. With no provision of input tax credit in place, he said, there is little incentive to record such transations either at construction stage or at the sale stage at their correct value. This, he observed, led to substational loss of tax revenue and fuelled parallel (black market) economy.

Curb parallel economy

By bringing the real estate sector under the umbrella of GST, he said the country could launch a major attack on the parallel economy. Likewise, Kelkar also said it was possible to expand GST tax base with the inclusion of rail sector.

This will bring in level playing field provided to road and aviation sectors which are subject to the tax. Further, inclusion of rail sector under GST, he said, would also ensure that all inter-state transportation of goods can be tracked through proposed IT network, while railways could benefit by availing input tax credit on the significant purchased made by them.

He said, according to a NCAER study, implementation of GST would result in a GDP growth of 2-2.5 per cent and increase in exports between 10-14 per cent.

Further, he noted, for GST to be effective and flawless, there should be identical GST laws across States as well as the Centre. Likewise, the methodology relating to levy, assessment, collection and appropriations of GST should be similar across States and the Centre, he added.

PBD |

PPP railway projects no privatisation, says Panel

Appointment of an expert committee by Railways Minister Mamata Banerjee for suggesting new financing models to build 50 world-class stations and other projects should not be seen as a step towards privatisation of Indian Railways, panel Chairman Amit Mitra has said.

"Let me make it clear, the Public-Private-Partnership model of financing projects is not privatisation ... Besides building the world-class facilities, generating revenue for the Railways would also be the key consideration of the innovating business ideas," Mitra told a news agency.

He said the budget speech of the Railways Minister would be the "template" for the committee that will comprise three Members of the Railways Board, besides experts from a wide range of infrastructure areas.

Mitra is searching for credible names with experience and professional competence in the area of PPP projects as also infrastructure financing and his team is likely to be in place in about a month.

Banerjee, while presenting the Railway Budget for 2009-10 on July 3, identified eight important projects, which the Railways intend to take up through the PPP model and would need "innovative ideas" for financing and implementation.

These include building 50 world-class stations, multiplex complexes, logistic parks and hubs in the Delhi-Mumbai Industrial Corridor, Eastern Freight Corridor and a coach factory in the joint venture or PPP.

Concerns were expressed in Parliament whether the PPP would mean privatisation of its activities.

The private participation would also be required in "land and space utilisation for commercial purposes...," Banerjee’s Budget speech stated. But she added that the core business of the Railways - transporting passengers and goods - would not be privatised.

Mitra said the private sector, all around the world, has shown immense interest in the railway stations because these are the "natural magnets and (business) catchment areas." He said be it New York or Amsterdam, the stations are a big hit among the people and businesses.

Financial Express |

PPP is not synonymous to privatisation: Panel

Appointment of an expert committee by Railways Minister Mamata Banerjee for suggesting new financing models to build 50 world-class stations and other projects should not be seen as a step towards privatisation of Indian Railways, panel Chairman Amit Mitra has said.

"Let me make it clear, the Public-Private-Partnership model of financing projects is not privatisation ... Besides building the world-class facilities, generating revenue for the Railways would also be the key consideration of the innovating business ideas," Mitra told PTI.

He said the budget speech of the Railways Minister would be the "template" for the committee that will comprise three Members of the Railways Board, besides experts from a wide range of infrastructure areas.

Mitra is searching for credible names with experience and professional competence in the area of PPP projects as also infrastructure financing and his team is likely to be in place in about a month.

Banerjee, while presenting the Railway Budget for 2009-10 on July 3, identified eight important projects, which the Railways intend to take up through the PPP model and would need "innovative ideas" for financing and implementation.

These include building 50 world-class stations, multiplex complexes, logistic parks and hubs in the Delhi-Mumbai Industrial Corridor, Eastern Freight Corridor and a coach factory in the joint venture or PPP.

 

Indian Express |

Rail Budget passed, expert panel in the offing

The Railway Budget was passed on Thursday by voice vote in the Lok Sabha with Railway Minister Mamata Banerjee announcing the formation of an expert committee under FICCI Secretary General Amit Mitra to prepare a business improvement plan for the organisation. The Budget was passed by voice vote after suspension of a rule providing for referring of demands for grants and appropriation bills to standing committees.

Banerjee announced the addition of two trains — Delhi-Secunderabad and Delhi-Nagpur — to the 12 non-stop Duranto trains already announced. She said that two of these would start plying this month itself.

Citing instances of violence over recruitment of outsiders, she threw her weight behind a 50 per cent quota for locals in the Railway Recruitment Board selections. Declaring that the recruitment process would be looked at afresh, she said that she favoured the use of local languages in Railway recruitment exam questions papers.

Banerjee said that while she was against the eviction of the poor already settled on Railway lands, she would ensure there was no further encroachment. While ruling out corporatisation of the Railways, she said the Railways would go in for a healthy blend of the public and private sector practices. She said that the Railways would lease out three lakh acres of land to generate funds and set up medical colleges where 50 per cent of the seats would be reserved for the wards of the 14 lakh Rail employees while the remaining would be open to the public.

At times, Banerjee struggled to make herself heard above the din after members across parties stood up to articulate demands pertaining to their constituencies with Speaker Meira Kumar intervening to restore order. While the CPM and the Trinamool Congress desisted from a confrontation, the House witnessed some lighter moments when BJP`s Ananth Kumar demanded that she promise to present a white paper on the working of the Railways and a vision document for the future on the first day of the Winter Session of Parliament. Banerjee quipped that while she could not predict when the requisite procedure for preparing both documents would be complete, the documents would nonetheless, be "colourful", not just black and white.

She promised to convene an all-party meeting, including members of the Planning Commission, to discuss the creation of more infrastructure.

The Telegraph |

Mamata, the business mitra

Mamata Banerjee has tapped industry for advice to tone up the railways, perhaps taking the most sure-footed stride yet to smooth the sharp edges acquired during the Nandigram-Singur campaign.

She asked Amit Mitra, secretary-general of industry body FICCI, to head a panel that will draw up business plans for the railways’ public-private partnership (PPP) projects, including an industrial corridor alongside a vaunted freight corridor.

Mamata said she believed that business experts were needed to create a blueprint for her PPP plans of bringing the railways and industry together. Mamata’s mercurial mood is well known and it is anybody’s guess if she will stick to the track laid out today.

But few disagree that she could have picked a better choice than Mitra, who leads an organisation that counts as members 2,000 business houses. Mitra’s disarming demeanour and the skills that pulled FICCI out of a slumber 15 years ago when he took over should come in handy on his new assignment.

Mitra, a Presidency College graduate and a doctorate in economics from Duke University in the US, has served on or headed many government panels. He has been on the government’s advisory committee on the World Trade Organisation, the National Manufacturing Competitiveness Council and the Planning Commission’s expert group on equitable development.

Mamata earned praise from Mitra today. “It’s remarkable how she has been able to integrate the visions of a tech-savvy CEO with that of a political leader who has the interests of the common man (at heart). She has announced a vision of what she wants. We will now have to create a road map,” the FICCI secretary-general said.

The panel headed by Mitra will include some railway board officials, experts from the world of high finance, technocrats and “vision people”.

It will draw up a blueprint for PPPs to set up and run world-class railway stations, hotels, medical colleges, a railway complex at Halishahar, mega logistics parks, cold chains and the industrial corridor on railway land. The railways may take on board foreign expertise and consultancy on the corridor project.

The Rs 43,000-crore dedicated freight corridor from Ludhiana will run to Dankuni via Delhi and eventually to ports in Bengal and Orissa. “It will create a stretch of immense development in heartland India and churn out lakhs of jobs for technically skilled manpower,” a railway board member said.

Continuing her makeover bid in Parliament, the Trinamul Congress chief, while replying to the debate on the railway budget, struck a placatory note and took care not to strike back at critics.

Mamata qualified every potentially offensive statement with the proviso that she was not criticising anyone. As for allegations that her budget is biased towards Bengal, she was silent except for saying new trains would connect several states and cities.

“Don’t I like Dehra Dun or Nainital in Uttarakhand, Ranchi, Bundelkhand, Madhya Pradesh, Gujarat?” she asked, adding: “The expectation level is too high.”

Her stance may have been aimed at obtaining Opposition support to pass the demand for grants in her budget, but sources close to her indicated she also wanted to maintain cordial relations.

Mamata referred in a soft tone to BJP leaders Arun Jaitley and Ananth Kumar as “my BJP brothers” while replying to their criticism of her budget.

The railways, through Railtel -- a corporation Mamata had set up in her previous stint as railway minister -- has about 30,000km of optical fibre cable running along its tracks. It now plans to expand this to another 40,000km of network.

Mamata has already named Sam Pitroda, widely credited with India’s communications revolution, as head of an expert committee to build the fibre-optic network and lease it to telecom operators.

Mamata said she would not look to earn surplus and would rather spend the earnings on passengers. She immediately looked at predecessor Lalu Prasad -- credited with turning the railways profitable --- to clarify: “Laluji, yeh mein aap ko criticise nahi kar rahi hoon (I’m not criticising you).”

She said her promised white paper would not target Lalu Prasad. “Just like parents prepare for their child’s education well before he has to be admitted to school, I want to use the white paper to prepare a blueprint for 2020,” she said.

livemint.com |

LS approves rail budget after addition of two trains

The Lok Sabha approved of the Railway Budget for the year 2009-10 by a voice vote after rail minister Mamata Banerjee added two more trains to the ones she announced on 3 July.

The minister announced two more non-stop trains to the proposed 12 and said two of the 14 would start running within a month.

Banerjee also increased the number of stations that would be converted into model, international-standard stations. Mint could not immediately ascertain the number of new stations to be covered under the scheme.

Reacting to questions raised by Ananth Kumar, member of Parliament of opposition Bharatiya Janata Party, about the railways’ finances for the previous five years under former minister Lalu Prasad, Banerjee said investable surplus would fall to around Rs8,361 crore because of a Rs28,200 crore allocation due to the Sixth Pay Commission’s recommendations and the dividend the railways paid to the government.

Banerjee also said the proposed white paper on the railways’ past performance was not aimed at any individual.

“We are not here to build up balances. We are here to build up infrastructure,” she said.

The minister said Amit Mitra, secretary general of industry lobby group Federation of Indian Chambers of Commerce and Industry, would head a committee to prepare a business plan to improve the railways.

Banerjee said she was in favour of a 50% quota for local residents for new hires and promised to review the process of intake.

The Financial Express |

Expert panel to make biz plan to help rlys chug on

Mamata Banerjee’s Rail Budget 2009-10 was passed by the Lok Sabha on Thursday amidst heated comments from members of both the Houses over the priority given to West Bengal, even as Banerjee dismissed the charges and announced setting up an expert group headed by FICCI secretary general Amit Mitra to prepare a business plan for the improvement of railways.

Apart from Mitra, the expert group is likely to have top Rail Bhawan officials including member (traffic) and member (engineering) of the railway board as well as representatives from chambers of commerce and sectoral experts. The panel, which will report to Banerjee directly, will provide suggestions to carry forward the blueprint laid down in the Rail Budget.

“The minister for railways has given her vision in the Budget with a whole range of activities. We will use that as a template and from that draw the terms of reference in consultation with her,” Mitra told FE.

The expert group is expected to focus on areas like public private partnerships, funding plans for infrastructure projects, including the four new freight corridors announced in the Budget, commercial utilisation of the railways’ land bank as well as suggest ways for improving passenger amenities.

The Rail Budget was passed by voice vote after suspension of a rule which provides for referring of Demand for Grants and Appropriation Bills to the Standing Committees. The same practice will be followed for the Union Budget 2009-10, debate on which was initiated on Thursday in the Lok Sabha. The UPA is keen that the Budgets for the year are passed before July 31, as the demand for grants passed along with the interim Budget had made provisions only for the first four months of the fiscal.

Meanwhile, the recent one-upmanship between Banerjee and her predecessor Lalu Prasad also gained momentum during the debate on the Rail Budget in Lok Sabha with her being accused of favouring West Bengal. In response, the minister announced a slew of fresh measures to improve passenger facilities and safety.

Banerjee announced the introduction of two more non-stop “Duranto” (fast) trains from Delhi to Secunderabad and Delhi to Nagpur, in addition to 12 such trains already announced in the Rail Budget. She said that two of the 14 trains would be started within a month.

Monitoring committees, headed by senior officials of Railway Board, would also be set up to keep tabs on train punctuality, amenities and cleanliness, she promised and said the White Paper on railway finances would be unveiled as soon as possible.

Banerjee also advocated greater utilisation of vacant land banks of the railways. “Our department is preparing the details and will finish it in 10 days. But we do have more than 3,00,000 acre,” she said. “We cannot sell the land. But what is the problem in its commercial utilisation?” she queried and said medical and nursing colleges, hospitals and other institutes of higher education can be set up on them.

Similar charges of making West Bengal her priority in the Budget were also leveled at Benerjee in the Rajya Sabha. The minister, in her reply to the debate on the Rail Budget in the Upper House, pointed out that new trains would connect several states and cities rather than limiting benefits to just one state.

The Railways’ Appropriation Bill 2009-10 however is yet to get the Rajya Sabha’s approval as despite a three day debate on it, the bill was not on the not mentioned on the list of business for the day. An official said it would have to be listed separately for voting.


Hindustan Times |

Mamata turns her back on Lalunomics, pleases aam aadmi in Rail Budget

No increase in passenger fares. No hike in freight rates. A focus on passenger amenities and comfort. New trains. Izzat (dignity) for poor and unorganised workers, Yuva for youngsters and Duronto (long distance in Bangla) for long-distance travellers.

In a language that clearly sought a political differentiation, Railway Minister Mamata Banerjee focussed sharply on the poor and questioned her predecessor Lalu Prasad’s claims on the financial turnaround of Indian Railways in her hour-long budget speech on Friday.

“Economic viability,” she said, needed to be replaced by “social viability” and advised economists and social philosophers to seek the “upliftment of the poor and the downtrodden”.

“She has prepared a budget which does not impose burden by way of increase in freight charges or passenger charges,” Prime Minister Manmohan told reporters outside Parliament. “At the same time, she has focussed her attention on passenger amenities like security and safety of rail travel, making it an enjoyable experience.”

The industry cheered the fact that she did not raise freight rates. “This budget is very much in line with industry expectations,” said FICCI president Harsh Pati Singhania. But while railway stocks were up by around 2-4 per cent pre-budget, they closed 5 per cent down.

But with neither passenger fares nor freight rates rising and the Pay Commission increasing expenses by Rs 14,600 crore, the Railways’ operating ratio — expenses as a percentage of revenues — will rise to 92.5 per cent, about 4 percentage points higher than last year’s figure and close where it was in 2003.

Instead of talking about the turnaround story of the last five years — operating ratio fell from over 92 per cent to under 76 per cent — Banerjee sought to draw reference points, like laying optic fibre cables along tracks, from her previous tenure.

“The scheme to run double-decker trains is unworkable,” said Prasad. The political symbolism of Banerjee’s budget was unmistakable. Under Izzat, unorganised workers with monthly incomes of less than Rs 1,500 will be able to travel upto 100 km for Rs 25 per month.

Under Yuva, young people will be able to travel air-conditioned — Rs 299 for upto Rs 1,500 km and Rs 399 for upto 2,500 km. Under Duronto, she introduced 12 long-distance trains.

But Mamata has inherited a harsh economy. In the days of 9 per cent GDP growth, Lalu was able to selectively raise freight rates, doubling them for iron ore, to deliver a four-fold increase in revenues. With the luxury of that growth lacking and the possibility of raising freight rates non-existent, how much of her projections Mamata will be able to deliver, remains to be seen.

Business Standard |

India Inc praises Mamata budget

India Inc. has given a thumbs-up to the railway budget, calling it people-friendly and industry-friendly.

“It is clearly a progressive and a forward-looking budget,” said Harsh Pati Singhania, president of the Federation of Indian Chambers of Commerce and Industry (FICCI).

The industry is pleased that the minister has not increased freight rates and has made important announcements like linking industrial clusters to markets, introduction of several projects under PPP mode and setting up of land banks for commercial and industrial use of railway land which would contribute to develop markets and creating demand, said Singhania.

FICCI also welcomed the setting up of a technical committee under Sam Pitroda for laying down optical fibre cable networks along rail tracks for commercial use.

Confederation of Indian Industry (CII) welcomed the proposal of having a partnership with the private sector, which has opened another avenue for industry to participate in the growth of Indian Railways.

“The pro-people, pro-industry and pro-economy railway budget will create a win-win situation for all – the railways, the wagon manufacturers, heavy industries and the common man,” said Venu Srinivasan, president of CII.

As anticipated, the minister has laid out a very pro-people and development-oriented budget, with a strong focus on passenger and goods services, added Srinivasan.

Praising the railway minister for not increasing passenger fares, Associated Chambers of Commerce and Industry of India (Assocham) president Sajjan Jindal said the budget proposals would help inclusive growth and at the same time ensure expansion of the railways.

The Statesman |

Industry hails Mamata’s Budget

Indian industry today termed Miss Mamata Banerjee’s Railway Budget for 2009-10 as “progressive and forward looking” and welcomed her proposals to undertake development and capacity expansion projects without touching the fares.

“The Railway Budget 2009-10 is clearly a progressive and a forward looking budget,” FICCI said. “The minister has mooted a number of projects that will carry the Railways to the next technology level,” said FICCI president, Mr Harsh Pati Singhania.

The Confederation of Indian Industry said the it was “unique” and had set overall development as its main agenda. “This budget is unique in the way inclusiveness and overall development have been the focus without losing emphasis on safety, technology adoption and commercialisation, while providing opportunities for industry through capacity and infrastructure expansion plans,” said Mr Chandrajit Banerjee, director general of CII.

The Assocham president, Mr Sajjan Jindal, complimented Miss Banerjee for presenting a people and industry friendly Railway Budget since no increase in passenger fare and freight rates has been proposed. He said that in totality the budget proposals would provide for inclusive growth and at the same time ensure expansion of railways.

Commenting on the Railway Budget, Mr Jayanta Roy, senior vice-president, Indian Chamber of Commerce, said: "I feel that the budget is pro-people, passenger friendly and development oriented. This budget will boost industrialisation and trade because proactive measures have been announced."

Merchants` Chamber of Commerce president, Mr Anupam Shah said: "Takeover of Burn Standard and Braithwaite, the proposal to set up 1,000 MW power plant in Purulia-Jharkhand region and extension of Eastern Freight Corridor to Dankuni are essential steps to speed up the growth process and employment generation in the state."

The PHDCCI, however, said Miss Banerjee should have reduced freight rates across the board to stimulate the economy.

Financial Chronicle |

PMI, FICCI join hands for infrastructure projects

Project Management Institute, a global body of professional project managers, has tied up with FICCI to"advocate, promote and institutionalise" ways for efficient execution of wide-range of infrastructure projects in India.

Times of India |

`PPPs favour private investors

Is the government getting a raw deal in its efforts to exploit national assets such as telecom spectrum or oil and mineral acreages by roping in private partners due to shoddy contracts? Industrialist and lawmaker Rajiv Chandrashekhar, former promoter of BPL Communications and FICCI president, thinks so and has suggested redrawing the roadmap for inviting investments in vital sectors.

"A comprehensive policy relating to monetisation of assets like iron ore mines or spectrum for telecom or oil blocks or infrastructure projects should transparently and clearly benefit the exchequer and citizens of India in particular and in general private public partnerships should not imply that the public side of the equation loses and private gains, "Chandrashekar told the Rajya Sabha on Monday during the debate on the President`s address to Parliament.

Pointing out that the PPP (public-private partnership) models are loaded against the government`s interest, he said, "I sometimes am compelled to say in some cases, the deals are so lopsidedly in favour of the private investor that these are fit cases for nationalization!" Several projects being implemented through the PPP model in roads, ports, oil and mines have got bogged down because of clauses that leave scope for wide interpretations and are seen to hurt the state-run partners.

The Age |

NPCIL for PPP model

"/Templa

Hindustan Times |

Corporate captains meet FM, seek higher infra spend

"/Templa

The Financial Express |

Rise in interest rates jeopardising infra projects: FICCI

Amid policy makers stressing the need to accord highest priority to infrastructure spending, the industry body FICCI on Friday said rising interest rates for projects have jeopardised their viability.

“The rise in interest rates for project financing in the country have increased and are jeopardising the financial viability of projects under the PPP mode,” Federation of Indian Chamber of Commerce and Industries (FICCI) president Harsh Pati Singhania said.

Since the infrastructure projects have long gestation period and in many cases are not directly commercially viable, innovative instruments and mechanisms are needed for making them attractive for investments, Singhania said at the inauguration of a two-day summit on infrastructure.

The most common cause of failure of projects under public-private-partnership (PPP) lies in over estimate of the potential demand for services that leads to over pricing of services by private sector, he said.

“There is a need to develop appropriate mechanism for financing infrastructure, especially the development of a domestic debt market,” he added.

Earlier, Planning Commission member Kirit Parikh called for giving the highest priority to the spending in infrastructure projects to stimulate the economy even at the cost of deteriorating fiscal deficit.

The need of the hour, Parikh said, was to lower the interest rate and improve access to finance. “Maybe 7-8% rate (interest rate) at which people will be able to borrow and which will be a good stimulus,” he said.

He pointed out that of the 60 road projects that had been put up for competitive bidding, 40% received no bids, the key problem being expensive finance, lack of access and high perception of risk.

He also underlined the need for developing a long term debt market to meet the needs of infrastructure developers of finance. The imperative for additional investment in infrastructure is powerful, Parikh said, as an additional one per cent of GDP spent on infrastructure leads to a 1% rise in GDP.

Also present there, India Infrastructure Finance Company (IIFC), CMD SS Kohli said the twin problems faced by investors were land acquisition and the number of clearances required.

A FICCI-Deloitte study on India’s infrastructure released on the occasion, states that some of the key apprehensions of the private sector prohibiting them to invest in infrastructure are lack of clarity in policies, high capital intensity, limited avenues of long term finance, cost escalations and delays and long gestation periods.

Indian Express |

‘Lending for infra projects should be at 7-8 pc’

Lending rates for infrastructure projects should be between 7 and 8 per cent for projects to be viable and the necessary investments to flow into the economy so as to boost growth. Planning Commission member Kirit Parikh today said that projects were not attracting bids from prospective developers due to high lending rates and the high risk perception that developers are associating with projects in the current economic scenario.

According to Planning Commission if the country is able to spend and absorb investments of at least 1 per cent of GDP in the next fiscal, about one per cent can be added to the growth rate.

He stated that various projects can be taken up for completion within the next year, which will give an immediate impetus to the economy. “There are about 25,000 km of roads in poor shape in the country. These can be upgraded as there are no hassles regarding land acquisition on these stretches,” he said addressing the two-day long India Infrastructure Summit 2009 organised FICCI here on Friday.

There is a need to spend monies on schemes that do not need to be pumped in with funds every year at this juncture, he added. “We are considering various mechanisms to make projects more attractive to bidders and reduce the element of risk on their part. In order to share risk the Government is considering to award some projects on annuity basis or award contracts at the present discounted value increasing the number of years for toll collection for the player,” Parikh said. There is a greater perception of risk and that is why there is a demand for higher viability gap funding. Parikh said 40 per cent of 60 projects that were tendered by the NHAI received no bids with less than ten projects getting multiple bids.

The Financial Express |

Ambiguous policies hit pvt fund in core sector

Private sector investment in infrastructure is being held back due to lack of clarity in policies and limited avenues of finance even as the government seeks private funding for meeting part of $320 billion requirement in the next three years, a study has said.

Other problems identified include project delays and cost escalations, low tariffs and absence of quick dispute resolution mechanism, the FICCI-Deloitte study on challengers in Indian infrastructure said.

The Planning Commission has estimated an investment of about $320 billion in infrastructure, of which about $65 billion is likely to be funded by public-private partnerships. The study said that the government should increase its role through larger plan allocations for financing the initial risky stages of the project apart from the viability gap funding.

Well-conceived regulatory frameworks, including independent regulators and sound price setting regimes can improve the investment climate by bringing in predictability and reducing political risk, it said. The effectiveness of the regulatory system can be increased by providing adequate checks and balances, including legal system.

“Proper checks must be initiated to curb corruption at various levels during the process of infrastructure development” it said.

Innovative financial instruments for risk mitigation can be used to encourage investment it said, adding that these would reduce cost of capital and incidence of renegotiated contracts and bailouts.

Citing the example of airport development, the study said the airline industry can not only bring efficiencies in transportation of both people and cargo, but also can create large number of jobs. “It is estimated that every $100 spent on air transport produces benefits worth $325 to the economy and 100 additional jobs in air transport result in 610 other jobs,” it added.

But the sector is facing major challenges that include airports running out of capacity, high waiting time and congestion causing huge wastage of fuel, security charges and poor facilities for passengers.

The FICCI-Deloitte study said that a well networked air cargo system would go a long way in addressing the problem of networking the remote areas and creating a proper international market access to them.

Business Line |

‘Check frauds to attract pvt investments in infrastructure’

Corruption has to be checked to attract private investment into the Indian infrastructure sector, a study has said.

Proper checks must be initiated to curb corruption at various levels during the process of infrastructure development, says a FICCI-Deloitte Study on Indian Infrastructure: Challenges and Opportunities.

India needs to mobilise over $300 billion for developing infrastructure by 2012, of which about $65 billion is likely to be funded by public-private partnerships.

The study adds that corruption or unethical behaviour can occur at various stages in a contractual infrastructure project cycle, including project identification, contract award, negotiation, project finance and implementation.

Moreover, costs of corruption such as non-payment of tariffs resulting from bribery or collusion could be passed on to rate payers or utility owners. This could pose a challenge for regulators and undermine the confidence investors have in infrastructure projects.

Need for clarity

The study also says that private investments in the Indian infrastructure sector is held back due to concerns such as lack of clarity in policies, limited avenues of long-term finance, cost escalations and delays, among others.

Long gestation periods, longer payback periods, low tariffs and absence of escalation clause, absence of equitable and quick dispute resolute mechanism also add to the concerns of private investors, the study states.

The Government should increase its role through larger plan allocations for financing the initial risky stages of the project apart from viability gap funding, it suggests.

In addition, the study says that risks should be clearly identified and shared. Investments in large infrastructure projects, therefore, need to be structured on sound commercial principles and legal structures combined with competition to ensure transparency of project choice and a credible regulatory structure.

Also, well-conceived regulatory frameworks, including independent regulators, sound price setting regimes and transparent regulatory processes that invite stakeholder participation can improve the investment climate by increasing predictability and reducing political risk.

The effectiveness of the regulatory system can be increased by providing adequate checks and balances (including the judicial and legal system), systems for regulating the financial sector, environmental policies, dispute resolution mechanisms and relationships with multilateral institutions

The Economic Times |

Limits on pvt core investment

Private sector investment in infrastructure is being held back due to lack of clarity in policies and limited avenues of finance even as the government seeks private funding for meeting part of $320 billion requirement in the next three years, a study has said. Other problems identified include project delays and cost escalations, low tariffs and absence of quick dispute resolution mechanism, the FICCI-Deloitte study on challengers in Indian infrastructure said. The Planning Commission has estimated an investment of about $320 billion in infrastructure, of which about $65 billion is likely to be funded by public-private partnerships. The study said that the government should increase its role through larger plan allocations for financing the initial risky stages of the project apart from the viability gap funding.

The Hitavada |

India needs policy clarity to bring in investment in infrastructure

A joint FICCI-Deloitte study today said the government needs to take corrective measures to bring private investment into the infrastructure sector, as it is being held back by lack of clarity in policies, limited avenues of long-term finance, cost escalations and delays and longer payback periods.

High capital intensity, long gestation periods, low tariffs and absence of escalation clause, absence of equitable and quick dispute resolute mechanism, are also some of the reasons why private investments are being held back.

According to an official estimates, an investment of about 320 billion dollars in infrastructure is needed by 2012. Out of which, about 65 billion dollars is likely to be funded by Public-Private Partnerships (PPP).

The study on ``Indian Infrastructure: Challenges & Opportunities`` delineates the pivotal complementary role of the Government as a facilitator, enabler and regulator to allay down the apprehensions of the private sector.

It said the government should increase its role through larger plan allocations for financing the initial risky stages of the project apart from the viability gap funding. In addition, the risks should be clearly identified and shared.

The study said investments in large infrastructure projects would, therefore, need to be structured on sound commercial principles and legal structures combined with competition to ensure transparency of project choice and a credible regulatory structure.

Well conceived regulatory frameworks, including independent regulators, sound price setting regimes, and transparent regulatory processes that invite stakeholder participation, can improve the investment climate by increasing predictability and reducing political risk, it added.

The effectiveness of the regulatory system can be increased by providing adequate checks and balances (including the judicial and legal system), systems for regulating the financial sector, environmental policies, and the country`s conflict resolution mechanisms, relationships with multilateral institutions. Proper checks must also be initiated to curb corruption at various levels during the process of infrastructure development.

Corruption or unethical behavior can occur at various stages in a contractual infrastructure project cycle - project identification, contract award, negotiation, project finance, and implementation.

Moreover, costs of corruption such as for non-payment of tariffs resulting from bribery or collusion could be passed on to other ratepayers or utility owners, thus posing a challenge for regulators and undermining the confidence investors have in infrastructure projects. The study also pointed out that innovative financial instruments for risk mitigation can be used to encourage private sector investment in infrastructure.

These instruments would facilitate in increasing output and investment by decreasing the cost of capital, improving sustainability of utility policies and reducing the incidence of renegotiated contracts and bailouts.

The Indian Express |

Delhi Metro only railway with UN specified energy saving system in place

The Delhi Metro Rail Corporation is the world’s first railway system to have a Clean Development Mechanism (CDM) registered under the United Nations Framework Convention on Climate Change (UNFCC), a study by the Federation of Indian Chambers of Commerce and Industry (FICCI) has revealed.

“Currently, there are only two transport systems registered as CDMs in the world. One is the Delhi Metro, and the second is the Bus Rapid Transit project in Bogota, Colombia,” said Rita Roy Choudhary, who has helped to write the report of the FICCI Climate Change Task Force, released on Tuesday.

The CDM earns Certified Emission Reductions (CER) by propagating green technologies. At present, the DMRC can claim 400,000 CERs for 10 years, amounting to Rs 1.2 crore per year.

Explaining the CDM, Delhi Metro spokesperson Anuj Dayal said, “We are using the regenerative braking system as a CDM. Whenever a train applies brakes, the released kinetic energy starts a machine called converter-inverter, which acts as an electricity generator and supplies electrical energy back to the Over Head Electricity (OHE) lines.

“The regenerated electricity supplied back to the OHE is then used by other accelerating trains in the same line, which saves about 30 per cent electricity.”

Now, the Delhi Metro is looking forward to create a second CDM project. “We are working on claiming carbon credits for the greenhouse gas emission saved by commuters who use Metro than buses or cars,” he said.

The FICCI report emphasises the potential of transport sectors to start CDMs.

“Transport is a system with great potential for CDM’s. This has been recognised in international summits on climate change. But unfortunately, the potential of the sector has not been realised,” said Prodipto Ghosh, former Secretary of the Ministry of Environment and Forests, and Chairman, FICCI Climate Change Task Force.

As of now, only seven other transport projects across the world are waiting to be registered with UNFCC.

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Policy for award of waterfront and associated land to port dependent industries in major port

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The Motor vehicles Amendment Bill (2016)

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24 countries set to participate in the 2nd MARITIME INDIA SUMMIT - 2021 which starts from 2nd March

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Freight trains running at twice the speed from last year: Piyush Goyal

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Indian road infrastructure industry biggest ingredient to spur economy: Gen VK Singh

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Govt focus on reducing road construction costs without compromising on quality: Nitin Gadkari

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Indian Railways confident to complete entire 2800 KM corridor projects by 2022: MD, Dedicated Freight Corridor Corporation India Ltd

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Start-up companies can now bid in railway tenders - Member Railway Board

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New transport policy within a month: Nitin Gadkari

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Greenhouse gas emissions in Railways cut by 25% in 2017-18: Principal Executive Director, Railway Board

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India to have its voice heard at global forums like IMO: Shipping Minister

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6 Corporate Champions bag FICCI Road Safety Awards 2018

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FICCI welcomes Centre's approval for electric vehicle-based public transportation in 11 cities

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Newsletter: Nov 2017 - April 2018

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