Impressive show for road sector in FY17:
By: FE Bureau | Published: April 24, 2017 5:09 AM
Road project awards totted up to 16,000 km in FY17, as against 10,000 km in FY16. The numbers were flat for NHAI, with the entire increase coming from state PWD awards. As for construction, 8,100 km of roads were built in FY17, a jump of 35% over FY16. Under PMGSY, 47,350 km of rural roads were built in FY17, the highest in the last seven years (see more)
Expansion of rail services must for nation’s growth: Prabhu
PTI|RAIPUR, APR 22:
Union minister Suresh Prabhu today said the expansion of rail services would play a key role in country’s growth. He also asserted that the Centre and the states need to work together for this purpose.
Prabhu was speaking at a function at Chhattisgarh’s Raipur railway station where he inaugurated various passenger facilities for stations falling under the South East Central Railway (SECR) zone.“Prime Minister wants development of the country. For the purpose, we have decided to develop rail. Development of rail would lead to the development of the country.“With the expansion of rail (services), India can move ahead,” Prabhu said (see more)
DHL to invest $268 million in India as GST spurs demand:
Mon, Apr 24 2017. 08 48 AM IST
Mumbai: Deutsche Post DHL Group will invest €250 million ($268 million) in India by 2020 to expand its logistics business and tap demand as the South Asian nation introduces a national sales tax that is set to boost movement of freight.
The goods and services tax will help create bigger distribution centers, Deutsche Post AG chief executive officer Frank Appel said in an interview in Mumbai on Friday (see more)
NHAI hits the road to woo investors for Rs5,000 crore masala bond sale:
Mumbai: Minister of road transport and highways and shipping Nitin Gadkari will flag off international investor roadshows for the masala bond sale planned by National Highways Authority of India (NHAI) in Singapore on Monday, two people aware of the development said.
Masala bonds are rupee-denominated bonds sold in offshore capital markets.“The roadshows are planned to take place over the next 15 days, starting with Singapore and will then move to Hong Kong, middle of the week and conclude in London in the second week of May (see more)