Govt readies multi-modal transport play to reduce logistics costs

Source: LiveMint.com, Mar 15, 2017

New Delhi: India has firmed up the contours of its ambitious multi-modal programme to reduce logistics costs and make the economy competitive.

The strategy involves a reset of India’s logistics sector from a “point-to-point” model to a “hub-and-spoke” model and involves railways, highways, inland waterways and airports to put in place an effective transportation grid.This includes setting up 35 multi-modal logistics parks at an investment of Rs50,000 crore, development of 50 economic corridors and an investment template which involves roping in the states and the private sector for setting up special vehicles for implementation.

To implement this, the government plans to host a multi-modal summit—India Integrated Transport and Logistics Summit—in May, on the lines of the maritime summit to pitch project opportunities to the investors.

Read the rest of this entry »

Foreign-registered planes may get nod to operate in India

Source: The Economic Times, Oct 14, 2016

NEW DELHI: The government is likely to allow foreign-registered planes to operate in India in its endeavour to make it easier for aircraft leasing companies to do business here.

Currently, any aircraft that is being brought to India has to be first registered with the Directorate General of Civil Aviation (DGCA), a rule that has been seen as an obstacle in taking planes on lease by airlines at a time when India is pushing for increased regional air connectivity.

Exemption from this rule will make it easier for the lessor to take back the aircraft in case of a dispute with the airline operating the aircraft. Since there will be less risk of their planes getting stuck in India, the leasing companies could also reduce the rentals, helping local airlines. On Thursday, the civil aviation ministry called a meeting of aircraft lessors as part of efforts to ensure availability of aircraft to implement the regional connectivity scheme. “We heard the suggestions made by the lessors in the meeting. We should be able to allow foreign-registered aircraft to operate in India,” said a senior aviation ministry official, who did not want to be named.

Read the rest of this entry »

Railways to sign MoU with Germany for high-speed trains

Source: Financial Express, Oct. 12, 2016

New Delhi: Aiming to reduce travel time significantly, Railways will ink a pact with Germany for running high-speed trains in the country.

Accompanied by a high-ranking delegation, German Minister for Transport and Digital Infrastructure, Alexander Dobrindt, will meet Railway Minister Suresh Prabhu on October 14.

A Memorandum of Understanding (MoU) will be signed between the two countries for bilateral cooperation in the rail sector, said a senior Railway Ministry official.

Dobrindt is visiting India from October 12 to 15. According to railways, it is a “follow-up” to Prabhu’s visit to Germany in April.

The German minister will hold talks with Prabhu in Rail Bhavan. Both ministers will focus on deepening collaboration and strengthening ties in the field of railways and high–speed trains.
After the meeting, the MoU will be signed between Indian Railways and DB Engineering and Consulting GmbH.

NOW FLY DELHI TO MADRID

Air India brings closer to you, Madrid, a culturally rich and important city in Europe with its non stop thrice a week flights from 1st December 2016.

Explore Madrid flying on our state-of-the-art aircraft B-787 offering world class facilities to passengers, with 18 seats in Business Class and 238 seats in Economy Class.

Schedule w.e.f 01st December 2016

Origin Destination Flight No. Departure Arrival Days of Operation
Delhi Madrid AI-135 1425 2020 Tue, Thu & Sat
Madrid Delhi AI-136 2150 1110 +1 Tue, Thu & Sat

Madrid, the capital of Spain, is a cosmopolitan city with a large cultural and artistic heritage, a legacy of centuries of exciting history. This heritage merges seamlessly with the city’s modern and convenient infrastructures, a wide-ranging offer of accommodation and services. These conditions, together with all the drive of a dynamic and open society –as well as high-spirited and friendly– have made this metropolis one of the great capitals of the European world.

Madrid, is a city of elegant boulevards and expansive, manicured parks such as the Buen Retiro. It’s renowned for its rich repositories of European art, including the Prado Museum’s works by Goya, Velázquez and other Spanish masters. The Prado, one of the world’s most important art galleries, forms a “Golden Triangle” with the Reina Sofía Museum dedicated to contemporary Spanish art and containing works by Picasso (home to “Guernica”), Joan Miró, Salvador Dalí and Juan Gris, among others and the Thyssen-Bornemisza Museum, with over 800 paintings ranging from primitive Flemish artists through to the avant-garde movements.

The jewel in the crown of Madrid is the Royal Palace, an imposing building dating from the 17th century featuring a mixture of Baroque and classicist styles. Beside it is the Plaza de Oriente square, the Teatro Real opera house, and the modern cathedral of La Almudena which was consecrated in 1993 by Pope John Paul II.

Other important heritages in Western history includes the Pantheon of Illustrious Men, the Descalzas Reales Monastery, the Royal Monastery of La Encarnación, the El Pardo Royal Palace, the Aranjuez Royal Palace, the Royal Monastery of El Escorial, the Casita del Príncipe in El Escorial, the Casita del Infante in El Escorial and the Benedictine abbey of Santa Cruz del Valle de los Caídos.

A major pilgrimage centre for soccer lovers. Real Madrid, the dominant soccer club, plays at the Santiago Bernabéu Stadium.

Madrid’s two Conference Centres, the modern trade fair ground in the Campo de las Naciones, and over 80,000 places in other meeting centre’s make Madrid one of Europe’s most attractive business hubs.

 

Indian govt plans Rs 3 lakh cr corridor to build 35,000 km highway network

Source: Auto  Economic Times, Sept 18, 2016

NEW DELHI: Government may soon come up with an ambitious Rs 3-lakh-crore Economic Corridor project to develop 35,000 km of highways for faster movement of freight.

This would be the second largest project in the sector after the flagship road building programme of NHDP which saw development of 50,000 km of National Highways network as per global standards including the Golden Quadrilateral project.

The Golden Quadrilateral project aims at connecting all four metropolises and North-South Corridor connecting Srinagar to Kayakumari and East-West Corridor joining Porbandar to Silchar.

Read the rest of this entry »

Nitin Gadkari wants Elon Musk to test-run supersonic train in Pune

index.jpgSource: Auto  Economic Times, Sept 18, 2016

MUMBAI: If Union Transport Minister Nitin Gadkari has his way with high-tech entrepreneur Elon Musk, the American billionaire’s company SpaceX may test-run its futuristic high speed train, the Hyperloop, in Pune.

Speaking about his recent visit to the American west coast, which is the global hub of hi-tech innovations, Gadkari said he spent quality time with the officials of Tesla, which is also founded by Musk, who is known for his futuristic ideas.

Read the rest of this entry »

Service sector growth hits seven-month low

Source: The Economic Times, Jul 06, 2016

NEW DELHI: Tepid increase in fresh orders pulled down India’s service sector growth to a seven-month low in June, a private survey showed on Tuesday. The Nikkei India Services Business Activity Index was placed at 50.3 in June, its second-lowest reading over the past 12 months that have seen readings of above 50. The headline index was down from 51 in May, pointing to a slower pace of expansion that was marginal.

A reading above 50 on this survey-based index indicates economic expansion while a figure below that indicates contraction.

Read the rest of this entry »