PORTS & SHIPPING

"Revitalizing Rural Communities Through Sustainable Agriculture"

With the aim to reduce logistics costs, develop world-class infrastructure to make EXIM efficient, and benefit citizens by saving cost and time and fastening the pace of development in the country Hon’ble Prime Minister of India introduced the concept of ‘Gati Shakti- National Master Plan’ for...

With the aim to reduce logistics costs, develop world-class infrastructure to make EXIM efficient, and benefit citizens by saving cost and time and fastening the pace of development in the country Hon’ble Prime Minister of India introduced the concept of ‘Gati Shakti- National Master Plan’ for multi-modal connectivity. It will play a major role in the integrated economic growth of the country. It is based on seven engines of growth - roads, railways, airports, ports, mass transport, waterways, and logistics. Gati Shakti will boost Indian infrastructure and multi-modal connectivity over the next years and reduce logistics costs for improved global competitiveness, thereby initiating a virtuous cycle of investments, large employment opportunities, aggregate demand, and, thus, economic growth. The commencement of the Gati Shakti Plan for Multi-modal Infrastructure Connectivity to Economic Zone has enabled efficient connectivity for the flow of products and people while facilitating operational efficiency through technology (OETT) and improving the ease of doing business (Eodb) in the country. Assuredly, the plan will boost Indian infrastructure and multi-modal connectivity over the next years and reduce logistics costs for improved global competitiveness, thereby initiating a virtuous cycle of investments, large employment opportunities, aggregate demand, and thus economic growth. Aligned with the PM Gati Shakti – National Master Plan, Jawaharlal Nehru Port Authority (JNPA) India’s Best Performing Port as per the latest Logistics Performance Index, has undertaken various projects like coastal berth, JNPA SEZ, centralized parking plaza, fourth container terminal, road widening, dry port at Wardha & Jalna, Berthing facility for ROPAX/RORO, rail connectivity from Jasai to JNPA, common railyard, additional liquid cargo jetty, etc. JNPA recently became the country’s first 100 per cent landlord port by signing a concession agreement with JM Baxi Ports and Logistics Ltd. - CMA Terminals. The new name of the JNCPT will be Nhava Sheva Freeport Terminal Private Limited. This development will empower the objectives of PM Gati Shakti-NMP. These projects will further boost the EXIM trade and bolster the nation’s economy. Multi-modal connectivity like these integrates the region’s supply chains, further enhancing trade connectivity and benefiting the business community and the people of the sub-region. It has positive impacts on employment domestic demand mobilisation and improvises the country’s macroeconomic situation. JNPA’s strategic model for conceptualising multi-modal maritime connectivity at the regional and global levels ensure manufacturing hubs get the easy and shortest route to take their goods for exports. With an extensive network of road, rail, inland shipping and container services, JNPA is well connected with the rest of the country. JNPA’s multi-modal connectivity contributes immensely along the lines of PM Gati Shakti as the port is an extended gateway globally and locally with seamless connectivity to the port by rail, road, air, etc. enhancing full and flexible access to the hinterland, creating flexibility and efficiencies among businesses, connecting the movement of people, goods and services. Gati Shakti will lend more power and speed to the National Infrastructure Pipeline by sharing resources and developing synergies towards building a more harmonised ecosystem. It will ensure last-mile connectivity to economic zones in a definite timeframe by ultimately improving India’s productive capacity and global competitiveness in manufacturing in India. By: Sanjay Sethi, Chairman, JNPA

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Real Estate

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

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Infrastructure Urban

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

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Infrastructure Transport

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..

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