-
Budget 2016: Under its ambitious Sagarmala project, the Narendra Modi led NDA government is looking to mobilise at least Rs 10 lakh crore investment, including Rs 4 lakh crore in the infrastructure sector alone. Ports capacity in India is close to about 1,400 million tonnes. A total value of about 1 billion tonnes of cargo is handled across over 200 ports including the Centre-owned 12 major ports. (AP)
-
Lauding Road Transport and Highways Minister Nitin Gadkari for "pioneering work" in infrastructure, Narendra Modi said infrastructure plays a pivotal role in the country's growth and a comprehensive integrated approach has been initiated. (AP)
Budget 2016: The Sagarmala project holds significance in the wake of maritime logistics being an important component of the Indian economy accounting for 90 per cent of EXIM trade by volume and 72 per cent of EXIM trade by value. The government has sought comments from various stakeholders on the national perspective plan of Sagarmala under which it has identified about 150 projects. Of the 150 projects, 40 are related to ports modernisation while 10 are community development projects. (AP) 
The main objective of the company is to identify port-led development projects under the Sagarmala programme and provide equity support for the project Special Purpose Vehicles (SPVs) set up by the ports, states and Central ministries. (AP) -
Gadkari, known to speak his mind, did not name the "vested interests" who are trying to scuttle the new law but said these are the people who are "opposed to transparency and computerisation in the highways sector". (AP)
