Front-liner
PORTS & SHIPPING

Front-liner

Adding a new notch to his long belt of achievements, Gautam Adani’s Adani Group now becomes the first Indian port operator in Sri Lanka. This achievement comes after the construction of the West Container Terminal began in Colombo Port. Adani Group will have the majority stake in the West C...

Adding a new notch to his long belt of achievements, Gautam Adani’s Adani Group now becomes the first Indian port operator in Sri Lanka. This achievement comes after the construction of the West Container Terminal began in Colombo Port. Adani Group will have the majority stake in the West Container International Terminal Joint Venture (JV) which is valued at a whopping $700 million. The build-operate-transfer (BOT) agreement which is to remain valid for 35 years, is said to be the largest foreign investment ever in Sri Lanka's port history! The terminal is expected to increase the Colombo Port's capacity to three million TEU a year. It is reported that nearly 45 per cent of Colombo's trans-shipment volumes start from or are destined to an Adani Ports and Special Economic Zone (APSEZ) terminal in India.

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Infrastructure Energy

Coal Ministry Simplifies Disposal of Washery Rejects

The Ministry of Coal has recently simplified the process for disposal of coal washery rejects to enhance ease of doing business and ensure faster utilisation, while maintaining environmental safeguards. The move aligns with the government’s Atmanirbhar Bharat vision and ongoing reform agenda in the coal sector. Under the existing policy issued on 27 May 2021, washery rejects were disposed of through a three-tier priority system. The first priority allows their use for energy extraction, in line with Solid Waste Management Rules, 2016, applicable to waste with calorific value above 1,500 kca..

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Infrastructure Urban

India, Oman Sign CEPA to Boost Trade and Services Ties

India and Oman have recently signed a Comprehensive Economic Partnership Agreement (CEPA), marking a major milestone in India’s strategic engagement with the Gulf region. The agreement was signed in the presence of Narendra Modi and Sultan Haitham bin Tarik, by Piyush Goyal and Qais bin Mohammed Al Yousef. The CEPA provides unprecedented market access for Indian goods, with Oman offering zero-duty access on 98.08 per cent of its tariff lines, covering 99.38 per cent of India’s exports by value. Major labour-intensive sectors such as textiles, leather, footwear, gems and jewellery, enginee..

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Technology

TTDF Backs 136 Telecom R&D Projects Worth Rs 5.42 Bn

The Telecom Technology Development Fund (TTDF) Scheme has recently approved 136 projects worth Rs 5.42 billion to strengthen indigenous telecom innovation across India, the government informed Parliament. The scheme focuses on bridging the digital divide by enabling development and manufacturing of advanced telecom technologies for rural and remote areas. In a written reply to the Rajya Sabha, Minister of State for Communications and Rural Development Pemmasani Chandra Sekhar said the TTDF Scheme, launched on 1 October 2022, supports IITs, NITs, MSMEs, start-ups and research institutions work..

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