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

India faces critical shortage of skin donors amid rising burn cases

India reports nearly 70 lakh burn injury cases every year, resulting in approximately 1.4 lakh deaths annually. Experts estimate that up to 50% of these lives could be saved with adequate access to skin donations.   A significant concern is that around 70% of burn victims fall wi

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe

AI: Code, Control, Conquer

India today stands at a critical juncture in the area of artificial intelligence. While the country is among the fastest adopters of AI in the world, it remains heavily reliant on technologies developed elsewhere. This paradox, experts warn, cannot persist if India seeks technological sovereignty.


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter