The eastern part of UP comprising of 5 districts – Ghazipur, Jaunpur, Chandauli, Mirzapur & Sant Ravidas Nagar which are some of the top producers of fresh fruits & vegetables, such as green chillies, bitter gourd, green peas, mango, guava etc. present an immense opportunity for the farmers and entrepreneurs in and around the region to boost its agro-exports.
Sources said Essar wants to handle third-party cargo — commercial cargo from other industries — according to the state’s new port policy for the two captive jetties in Hazira that are owned by Essar Bulk Terminal (EBTL). But ArcelorMittal has opposed the movs.
Brothers Dhruv and Manish with their mother Neera Agarwal approached the Hyderabad bench of the NCLT seeking tribunal’s intervention in the affairs of the company. They filed two separate petitions for Gati and TCI Finance, where Mahendra Agarwal is the promoter.
The growing segments for cruise tourism in the country are wedding, meetings, incentives, conferences and events, and young travellers, Jalesh Cruises Strategic Advisor Rajiv Duggal said. "Destination weddings are now slowly getting extended to cruise as we are witnessing growing interest in the segment and MICE is also a huge segment for us," he added.
Adani Ports and Special Economic Zone on Friday announced its decision to acquire a controlling stake in Krishnapatnam Port Company Limited (KPCL) in what would be the largest acquisition in the port sector in India.
The Gautam Adani-led company will buy a 75% stake in KPCL at an enterprise value of Rs 13,572 crore after prolonged talks to obtain the all-weather port in Andhra Pradesh. The all-cash deal will be funded through internal accruals and existing cash balance, the company said in a release.
The Adani Group company will buy the 40.25% stake of Gateway Distriparks for a consideration of Rs 296 crores. At Rs 44 per share, the deal gives a premium of 3.2% over Snowman Logistics’ closing price on the exchanges on Friday. The sale is expected to be completed within 45 days, as per a regulatory filing.
Currently, India recycles around 300 of the 1,000 ships which are demolished per annum globally. However, countries like Japan, Europe and the US were not sending their ships for recycling to India in the absence of ratification of a global convention. That scenario is set to change with the Recycling of Ships Act, 2019.
Earlier this year, the IWAI had stated that about 55 MT of cargo was handled on national waterways in 2017-18 and 150 MT target for 2021-22 was likely to be achieved before the deadline. The Centre declared 106 national waterways n 2016 in addition to the existing five, taking India's total navigable inland waterways to 20,000 km.
The industry — over 80% of India’s goods travel by road — is estimated to be worth $215 billion by 2020, growing at a Compounded Annual Growth Rate of over 10%, according to the government’s 2017-18 Economic Survey.
Cariou, a researcher & professor at KEDGE Business School and a specialist in maritime and port economy suggests that decreasing ship’s speed seems to be the best short-term answer to meeting the initial deadline of 2030 for cutting.
The Bill, passed by the Lok Sabha last week, will make for India’s accession to the Hong Kong Convention that enlists environmentally sound conditions of ship recycling. Till now only the guidelines of the SC passed in 2013, as code on hazardous waste management were being followed. Those guidelines have been dovetailed with The Hong Kong Convention 2009.