An MoU for implementation of the new 362-km Indore-Manmad railway line has been signed between Jawaharlal Nehru Port Trust, Ministry of Shipping, Ministry of Railways, the Maharashtra Government and the Madhya Pradesh Government.
The Jawaharlal Nehru Port Trust (JNPT) is planning to invest Rs 1,000 crore to build or buy a port on the western coast. It may also invest in ancillary facilities to reduce cargo movement on land and generate higher returns.
India´s Ministry of Shipping has concluded that to further lower dwell times at India´s busiest container port, support from the nearby private port of Mundra and the Tughlakabad Inland Container Depot near Delhi is essential.
The construction equipment market is on an uptrend. And, with infrastructure investment set to go up, the demand for construction equipment will rise further. According to an IBEF report, equipment sales are estimated to expand at a CAGR of 6.18 per cent to reach 96,700 units by FY2018 from 50,000 in FY2007; while equipment sales reached 68,200 units in FY2015.