JNPT 4th terminal gets go-ahead from Cabinet Infra panel
NEW DELHI : The Cabinet Committee on Infrastructure (CCI) on Thursday approved a proposal to develop fourth container terminal at the country's busiest Jawaharlal Nehru Port at an estimated cost of Rs 6,696 crore. The proposed terminal having handling capacity of 4.8 million TEUs (twenty-feet equivalent units) containers annually would be constructed on design, build, finance, operate and transfer (DBFOT). Currently, the port has a cargo handling capacity of 29.2 million tonne at the end of 2008-09, according to shipping ministry data. The government expects the terminal to improve export-import trade through the coast of Mumbai. “Increase in physical capacity and improvement in efficiency of JNPT would be for the benefit of the nation in terms of development, progress and boost Exim trade,” said urban development minister Jaipal Reddy, after a meeting of the Cabinet Committee on Infrastructure.
more details...Dighi Port to develop of rail link with main Konkan Rail network
NEW DELHI: The total project would entail a total investment of approx. Rs.500 crores and the development shall span approx. 2 years. More importantly when rail siding is commissioned it would give Dighi Port the access to the central hinterland of the state as also the northern and southern hinterland of Maharashtra. This MOU is the first of its kind to be executed between M/s. KRCL and a port in Maharashtra. 'M/s. Balaji Infra Projects Ltd. have undertaken the development of Dighi Port through its Special Purpose Vehicle (SPV) , M/s. Dighi Port Ltd. which shall be commissioned by April 2010. The total investment in the port is approx. Rs.1500 crores. Under the MOU M/s. KRCL shall acquire the land for the railway siding as also develop the railway siding. They shall also operate and maintain the same and provide the necessary back-up services and rolling stock for carrying out the operations. The entire cost of this development shall be borne by M/s. BIPL through a mix of equity and debt. More importantly KRCL being a part of this entire development shall ensure smooth carriage of cargo to and fro Dighi Port under the DMIC. Dighi Port is also a part of the Delhi Mumbai Industrial Corridor (DMIC) planned by the Government of India and the Japanese government and this railway siding shall ensure the creation of industrial and logistic hub as planned for Dighi Port. Keeping in line with this development M/s. Balaji Infra Projects Ltd. has recently executed an MOU with CONCOR to establish the framework to facilitate the creation of logistic infrastructure and services for all port users in Dighi Port.
more details...Exports from Indore SEZ set to cross Rs 425 cr
INDORE: Exports from the multi-product Special Economic Zone (SEZ) of Indore are expected to cross Rs 425 crore in the current fiscal despite the global slump in demand, the city’s SEZ Development Commissioner, Mr A.K. Rathore, said. He said during the first three quarters of 2009-10, exports from the SEZ were worth Rs 330 crore. The SEZ, spread over 1,100 hectare with 22 units, including engineering, pharmaceutical and garments, has attracted investments worth Rs 1,650 crore. Mr Rathore said about 10 more units at the SEZ were under construction. Under the SEZ Act, units in these zones are given 100 per cent tax exemption on their income for the first five years and 50 per cent in the next five years. A total of 579 SEZs have been approved in the country and 335 of them have been notified. Of the m, over 100 are currently operational. Exports from over 100 functional SEZs in the country in 2008-09 were estimated at Rs 99,689 crore.
more details...| Currency | Import | Export |
| Australian Dollar | 42.40 | 41.25 |
| Canadian Dollar | 44.25 | 43.10 |
| Danish Kroner | 8.95 | 8.60 |
| EURO | 66.15 | 64.40 |
| Hong Kong Dollar | 6.00 | 5.85 |
| Japanese Yen (100) | 51.90 | 50.45 |
| Norwegian Kroner | 8.10 | 7.80 |
| Pound Sterling | 75.25 | 73.30 |
| Singapore Dollar | 33.35 | 32.50 |
| Swedish Kroner | 6.50 | 6.25 |
| Swiss Franc | 45.00 | 43.70 |
| U.S.Dollar | 46.60 | 45.70 |