The Ministry of Ports, Shipping and Waterways is drafting a township policy that will lay down rules for commercial exploitation of land other than those needed for port and related activities at major ports. The move is aimed at raising funds for port development and meeting expenses, including pension fund liabilities, by leasing land owned.

The government on Wednesday further extended the validity of the current foreign trade policy (FTP), which provides a road map for boosting external commerce in goods and services, by six months through September 30. The latest move will enable exporters to continue to get incentives under a clutch of extant programmes — including the Remission of Duties.

The government is expected to further extend the existing foreign trade policy, which is scheduled to lapse from April 1 this year, for few more months, an official said. FTP provides guidelines for enhancing exports to push economic growth and create jobs. On March 31, 2020, the government had extended the Foreign Trade Policy 2015-20.

Prime ministers of Bangladesh and India emphasised the need for setting the stage for facilitating regional economic integration for the benefit of all the parties with enhancing numerous connectivity initiatives through rail, road and waterways, according to a joint statement issued on Saturday night on the visit of Indian prime minister Narendra Modi to Bangladesh..

A policy is on the anvil for development of seacoast and about 225 projects have been identified under it, Union Minister Mansukh Mandaviya said on Wednesday. The Ports, Shipping and Waterways Minister said there are plans to facilitate development of industry at seacoast with the help of private players. “We are making a policy –.

The vision of Chief Minister Naveen Patnaik for huge employment generation through port-led industrial growth in Odisha is turning to reality with Dhamra and Gopalpur Ports making headway as large deep ports on the east coast. Reviewing the progress made so far during a high-level review meeting, Chief Secretary Suresh Chandra Mahapatra directed the Bhadrak.

All connectivity initiatives in the region must follow universally recognised international norms, rule of law, openness, transparency and equality, a senior official in the Ministry of External Affairs (MEA) said on Thursday. The comments by Riva Ganguly Das, Secretary (East) in the MEA, came against the backdrop of growing global suspicion over China”s opaqueness in.

Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), Dr Jitendra Singh said that Connectivity is an important element of Act East Policy. In a written reply to a question in the Lok Sabha today, he said, efforts in this direction include Agartala-Akhaura Rail Link between India and Bangladesh, Intermodal transport linkages and inland.

Railways Minister Piyush Goyal on Wednesday (March 10) said that the new land licensing fee (LLF) policy for the Indian Railways has been cleared by the ministry and that it will soon get the approval from Union Cabinet as well. “We had a detailed round of engagement with the private sector and also Niti Aayog.

To enhance coal production and reduce imports, Coal India Ltd (CIL) has identified 15 new projects with a capacity to produce 160 million tonnes per annum, Parliament was informed on Wednesday. Coal India Ltd (CIL) aims to achieve 1 billion tonnes of coal production by 2023-24. “The focus of the government is on increasing domestic.