CSL equity issue oversubscribed

Gadkari says there is a lot of potential for ship building and ship repairs in the shipping industry

GN Bureau | August 12, 2017


#PSU   #Nitin Gadkari   #Shipping  

Union minister of road transport and highways and shipping, Nitin Gadkari said the government’s commitment to develop infrastructure has bolstered the faith of investors which has resulted in 76 times oversubscription of IPO of Cochin Shipyard Ltd, a government enterprise.

The minister talked about success of the government’s economic policies, friendly approach for development, transparency and corruption free system. He said the efficiency of the government ports has increased by 2.86 percent in comparison to private ports.
Gadkari also said that in the shipping industry there is a lot of potential for ship building and ship repairs. He said, “In the next 15 days, work of 10 inland waterways will be commenced in across the country. Inland waterway is a game changer and going to reduce the logistic cost and would help industry in export promotion and creating more employment.”

He said work of 12 express highways is on and Mumbai to Vadodara Express Highway work, worth Rs 44,000 crores, will start in the next three months.

He also released a souvenir ‘Poised for Growth Trends’ in the Indian maritime sector at the function.
 

Comments

 

Other News

Maharshtra braces to face Cyclone Nisarga

 Even as Mumbai fights challenges posed by COVID-19 on multiple fronts and as the  coronavirus cases continue to rise daily, the city now faces a double whammy with the cyclone ‘Nisarga’ slated to make the landfall in Maharashtra Wednesday. A state-wide alert has been issued for Mumba

Harnessing the demographic capital: how effective are skilling programmes?

Probing data concerning increased job creation and the decline in unemployment has been holding the attention of economists and been subject of discussions in several think tanks in the preceding months. The NITI Aayog reports that 3.53 million new jobs were created between September 2017 and February 2018

It`s time to Unlock now, with economic focus

With Lockdown 4 ending Sunday, the home ministry has issued new guidelines to fight COVID-19 and for phased re-opening of areas outside the Containment Zones. The guidelines, issued based on extensive consultations held with states and UTs, will be effective from June 1 till June 30. The first phase of reo

Small kitchen gardens turn saviours for Gujarat tribal families

When the whole world is fighting COVID-19, food and nutrition security has become a major issue. The pandemic has aggravated the existing food crisis in India, especially in rural and tribal regions. There has been less availability of fresh foods in most parts of the country, and the tribal community has

India will set example of post-Covid-19 economic revival: Modi

India is determined to “set an example” for the rest of the word in the post-pandemic economic revival, prime minister Narendra Modi has said, underling the need to become self-reliant. “There is also a widespread debate on how the economies of various countries, including

3,543 ‘Shramik Special’ trains transport 48 lakh people in 26 days

Close to 48 lakh migrant labourers have been able to reach home from the cities they were working in, as the Indian Railways have run a total of 3,543 “Sharmik Special” trains from May 1. Following the home ministry order regarding the movement by special trains of migrant worker



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter