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

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..