The government has taken various steps in the last three years to boost the sector’s overall efficiency. FY2016-17 marked the introduction of various government initiatives and policy actions that are likely to transform the sector in the long term.
Traction in Inland Waterway projects will open up several business opportunities for the port sector players As per an ICRA Report on the Indian Ports Sector, Traction in Inland Waterway projects will open up several business opportunities for the port sector players; Iron ore and POL support overall volumes as coal volume growth continues to plummet.
In the last fiscal, the South Central Railways has achieved an eight per cent increase in freight loading due to increased movement of coal and fertilisers. The zone handled 111.5 million tonne of cargo during the year against 103.2 mt in the previous year.
There is a need for capital for technology up-gradation for the forging industry, by way of introducing a technology up-gradation scheme. This would enable the forging units to avail of bank loans at approximately, say, 5% lower than the market rate towards acquiring modern technology them more competitive in the international market