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

Non-vaccinated staff allowed mandatory rapid antigen tests

Maharashtra has modified guidelines on restrictions imposed to curb the spread of Covid-19, and put out clarifications on do Do’s and Don’ts to be followed under its ‘Break the Chain’ orders.   Starting Saturday, Rapid Antigen Tests are allowed for non-vaccinated

Probe agencies` credibility in doubt: Prithviraj Chavan

Raising concerns about the “leaks” of aspects of an ongoing investigation into incidents leading to political turmoil in Maharashtra, former chief minister and senior Congress leader Prithviraj Chavan has said the NIA is selectively leaking info on the case and it is a serious matter. &n

On vaccine shortage, Maharashtra hits back at centre

Maharashtra, suffering from a heavy number of fresh cases every day and complaining of vaccine shortage, has replied to the union health minister criticism and blamed the centre for the situation. “Union Health Minister Shri Harsh Vardhan ji needs to be reminded that Maharashtra tops t

Mumbai allows 24x7 delivery of essential services

Amid tighter movement restrictions as the city and the state continue to battle a consistently rising trajectory of fresh Covid-19 cases, Mumbai civic authorities on Thursday allowed 24-hour home deliveries of food and essential supplies through online service providers like Zomato and Swiggy on all days o

Maharashtra, centre trade charges as India reports highest ever cases

India recorded a new high of 1,15,736 daily Covid-19 cases with Maharashtra bearing nearly half of the load, as the state and the centre traded charges for the first time since the outbreak. State leaders sought to put part of the blame on the centre while union health minister Dr Harsh Vardhan slammed the

Deshmukh likely to challenge high court order in SC

Anil Deshmukh is reportedly considering approaching the supreme court Tuesday to challenge a Bombay high court order that had forced him to quit as home minister of Maharashtra a day earlier. Deshmukh tendered his resignation to governor Bhagat Singh Koshyari, citing moral grounds, after the

Visionary talk with Prithviraj Chavan, On the need for vaccination & Maha Political volcano



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter