Rs 156 cr Varanasi freight village project approved

The Ministry of Shipping has cleared the decks for the development of aRs 156 crore freight village in Varanasi adjoining the Inland Waterways Terminal on River Ganga. The Varanasi freight village will be developed by the Inland Waterways Authority of India . It will serve as a cargo hub, and a centre for aggregation and value addition.  It will also provide support to stimulate development of a professional logistics industry in Varanasi. A World Bank pre-feasibility study had found Varanasi to be a suitable site for the freight village. The city is…

Read More

Pepsi, Emami cargo comprise commencement of second inland sector

After the success of container cargo being shipped from Kolkata to Varanasi earlier  this year, Bihar’s capital Patna will be witness to a new landmark in India’s Inland Water Transport (IWT) sector with 16 TEUs of container cargo (equivalent to 16 truckloads) belonging to food giants PepsiCo India and Emami Agrotech Ltd from Kolkata reaching the city’s Gaighat IWT terminal on river Ganga this week. Inland Waterways Authority of India’s (IWAI) vessel sailed from Kolkata’s Garden Reach Jetty on 6th of December with the PepsiCo and Emami Agrotech products. It…

Read More

Kolkata port implements Logistics Data Bank

Logistics Data Bank (LDB), a project run a by the joint venture entity formed by Delhi-Mumbai Industrial Corridor and Japanese IT company NEC Corporation,  has been implemented at Kolkata Port. A formal announcement was made the Kolkata Port Trust (KoPT) last Saturday. Logistics Data Bank service entails real time tracking of the containers with the use of Radio-Frequency Identification (RFID) technology. The project was unveiled in 2016 to make port related processes more efficient in the country and currently covers nearly half a dozen ports in the country. The real…

Read More

Investors to benefit from industrial park rating system

The Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, recently released the report prepared by the Department of Industrial Policy & Promotion (DIPP) on Industrial Park Rating System. Speaking on the occasion,  Prabhu stated that this will be a useful tool for policy makers and investors at the click of a button. 3000 parks are on the database and the industrial parks have been rated on 4 points: internal infrastructure, external infrastructure, business services and facilities and environment, safety management.   Over the last one year, State Governments and…

Read More

ADB’s $300 million loan to support road infrastructure

The Asian Development Bank (ADB) and the Government of India, last week signed a $300 million Loan Agreement to support lending by India Infrastructure Finance Company Limited (IIFCL). Kenichi Yokoyama, Country Director of ADB’s India Resident Mission who signed the agreement for ADB, said that ADB funding is expected to fund at least 13 sub-projects through IIFCL, involving roads and renewable power generation. The $300 million ADB loan is expected to help catalyze the financial closing of $2.4 billion in investments. In addition, the attached technical assistance will support IIFCL…

Read More

Multi-modal terminal on river Ganga becomes a reality

On Monday, country saw the unveiling of the first multi-modal terminal on National Waterways – 1 in Varanasi. The terminal was inaugurated by the prime minister Narendra Modi and this is first of the four terminal facilities which is being built on this stretch of waterways. The much-awaited project probably marks the beginning of new mode of transportation in the country which would deliver two key advantages – cost effective and eco-friendly. Speaking on the occasion, the Prime Minister said that the inland water-way would save time and money, reduce…

Read More

Six airports to be leased out to private players

In a significant development last week, the Union Cabinet gave its ‘in-principle’ approval for operation, management and development of six airports to private players under Public Private Partnership (PPP) formula. The six airports, Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru are reported to have emerged as high traffic density airports and the government has paved the way for private participation for their further expansion and to bring in more efficiency in management. Aviation is one of those rare sectors in the country where the PPP formula has worked. Presently, the…

Read More

Trial with 12 trucks ferrying Gogha- Dahej Ro-Pax service

The Prime Minister’s dream project of Gogha- Dahej Ro-Pax Ferry service is all ready to start under the Sagarmala programme of the Ministry of Shipping. In a successful trial run conducted recently, 12 loaded trucks were transported by the Ro- Pax ferry from Dahej to Gogha across the Gulf of Cambay, via the sea route. The land route between the two places involves a 294 km or 8 hour drive.The Ro-Pax service reduces this distance to just 31 km through the sea route by crossing the Gulf in Cambay in…

Read More

IWAI’s Majuli Ro-Ro service to drastically cut down travel distance

Inland Waterways Authority of India (IWAI) will be starting a new Roll on-Roll off (Ro-Ro) facility in collaboration with the Government of Assam to provide the much-needed connectivity for Majuli Island. This Ro-Ro facility will cut down the circuitous road route of 423 KMs that trucks take from Neamati to Majuli Island via Tezpur Road Bridge, by limiting the distance to only 12.7 KM with the use of river route. IWAI has procured a new vessel MV Bhupen Hazarika at a cost of Rs 9.46 crore for the new service…

Read More

Çelebi to manage ground handling at Kannur Airport

Çelebi Airport Services, a global service provider in ground handling services, has been entrusted with the responsibility of undertaking ground handling services at Kannur International Airport Limited (KIAL). Celebi has bagged the license for ground handling operations at Kannur Airport which is likely to become operational before the end of the year. This would be sixth airport in India where Celebi will be proving ground handling facilities and services for all aircraft types. Murali Ramachandran, CEO – India, Çelebi Aviation  said, “We already have our presence at the Cochin International…

Read More