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

On a personal note: Javed Jaffrey

After his much-appreciated debut in Meri Jung in 1985, Javed Jaffrey inspired a new generation of dancers. He then turned from dance to comedy. The versatile actor constantly changes his styles and his live, film, TV and radio appearances always promise novelty and surprise. In 2014 he joined the Aam A

Allegations against CJI: Inquiry will strengthen the independence of the judiciary

Yes, we must stand rock solid with the judiciary and the judges. We must protect the independence of the judiciary too. What does this mean in the present context of a very serious charge of sexual harassment levelled by a former employee of the court against the CJI?  We are told that there is a larg

“Managing data is challenging”

The Centre for Railway Information Systems (CRIS) is a society set up by the railways ministry in July 1986 to provide IT related services to the Indian Railways. CRIS deals in a gamut of functions, like passenger ticketing, freight operations, train dispatching and control, crew management, e-procurement,

A boost to those who need it most

What are 600 million people? Almost twice the population of the US. What are 500 million people? About three-fourth of the population of Europe. Why are we talking about these numbers? Well, because as per a study by Sandhya Krishnan and Neeraj Hatekar (‘Rise of New Middle Class in India and Its

Expanding Eureka!

Abright yellow van with figures of children playing with a whirligig, a Newton’s cradle, a magnetic compass rolls into the Government Higher Primary School in Kittaganahalli, on the outskirts of Bengaluru. Students in the playground leave what they are doing and mill about it in excitement. For they

The spark in the classroom

Not many children dream of starting an idyllic school of their own when they grow up. But Ramji Raghavan, founder of the Agastya International Foundation – which fosters the creative learning of science in stude



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter