Iron Ore Exports resume at New Mangalore Port

03 Oct 2023 CW Team

Iron ore exports have finally recommenced at the New Mangalore Port after a hiatus of nearly a decade. This significant development marks a pivotal moment for the region's mining industry and international trade. The resumption of iron ore exports is expected to boost the local economy and provide employment opportunities in Mangalore.

The reopening of iron ore exports follows extensive efforts to address environmental concerns and regulatory hurdles that had led to the suspension of shipments. Key stakeholders have worked diligently to ensure that the necessary measures are in place to mitigate environmental impact and adhere to global trade regulations. This development is a boon for the mining sector, which plays a crucial role in India's economy. Iron ore is a valuable natural resource, and its exportation holds considerable economic potential for the region.

Additionally, this move will enhance India's position in the global iron ore market. The revival of iron ore exports at the New Mangalore Port is expected to rejuvenate the local economy, create jobs, and provide impetus to the mining sector. It is a positive step towards harnessing the region's natural resources for sustainable economic growth.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..