MoPSW clears plan to restructure Marina project

18 May 2023 CW Team

According to sources, a plan to restructure the development of a marina at Princess Dock in Mumbai Port has been approved by the Ministry of Ports, Shipping, and Waterways.

According to a ministry official, the project, which is expected to cost around $5751.9 million, will be conducted through a public-private partnership (PPP) with a 45-year concession period.

Because there were no takers for an earlier proposal to construct the marina, the port authorities were forced to rework the project.

The Mumbai Port marina project aims to boost social and economic development in the local communities while also transforming the city into a top tourism destination. Local governments and community organisations will work closely with the project to jointly develop jobs for local residents.

According to a ministry official, the success of this unique project in India will probably increase the possibility of developing marina in other significant ports, including Cochin Port, New Mangalore Port, Mormugao Port, and Visakhapatnam Port to promote tourism, spur economic growth, and foster social development in the surrounding areas.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..