1,065 weekly India-UAE flights reflect strong relations

Despite having over 1,000 flights a week between India and the UAE, there is an additional demand for flights, which reflects the dynamic nature of the bilateral relationship, a top Indian diplomat told Gulf News. “This is a huge number [1,065 flights] by any standards,” Navdeep Singh Suri, the Indian Ambassador to the UAE, said […]

Cruise tourism can be a game changer for India, says Gadkari

Union minister for Shipping Nitin Gadkari today unveiled a standard operating procedure (SoP) for developing cruise tourism in the country. The minister said that cruise tourism could be a “game-changer” for India as it has a potential to generate revenues of Rs 35,000 crore while creating employment for over two lakh people. Speaking at a […]

Fujairah signs deal for Smart Logistics City

Image courtesy: WAM The Government of Fujairah has signed a partnership agreement with Minpoint Business Investments and NIRAS International Consultancy, to begin the first phase of construction of the Smart Logistics City in Fujairah, the UAE state news agency WAM reported. The agreement was signed in the Danish capital, Copenhagen, by Mohammed Saeed Al Dhanhani, […]

Booster shot for Make in India: Railways makes big infrastructure push, set to develop Southern Freight Corridor, says Suresh Prabhu

Indian Railways is in the process of developing a Southern Freight Corridor (SFC), which would be connected to one of three corridors, Union minister Suresh Prabhu said. The three Dedicated Freight Corridors (DFC) planned by the Railways will provide logistics support to the ‘Make in India’ campaign and one of the corridors will be connected with the […]

Abu Dhabi ‘in talks to buy 49% stake in Indian airport’

Abu Dhabi is reportedly close to finalising the purchase of a 49 percent stake in one of India’s busiest airports. The sovereign wealth fund Abu Dhabi Investment Authority is competing against Paris Aeroport to acquire the minority shareholding in Hyderabad International Airport, India’s The Economic Times reported. ADIA’s talks were more advanced than those of […]

Lulu Group to bring Toys `R’ Us to India in September; plans Rs 300cr investment in retail

Lulu Group’s retail initiative Tablez will bring Toys `R’ Us, one of the world’s largest toy store chains, to India in September. The first destination will be Bengaluru, where it will come up in the Phoenix Mall in Whitefield and where it will compete with the UK-based Hamleys. Image Courtesy: Reuters Tablez will simultaneously bring […]

Future of renewable energy: Sunny investment climate for solar technology in India

On May 12, 2017, India recorded its lowest-ever solar tariff of Rs 2.44/unit of electricity. That is a 73% fall since 2010, and compares favourably with India’s cheapest power source–coal, electricity from which now ranges between Rs 3/unit and Rs 5/unit. The new low solar cost was announced at a reverse auction–in which the role of buyer and seller is reversed […]

Indian Logistics Industry Likely to Grow at 9-10 Percent: ICRA

The logistics industry in India is likely to grow at a rate of 9-10 percent over the medium-term, supported by underlying structural positives, rating agency ICRA said Photo: Reuters The logistics industry in India is likely to grow at a rate of 9-10 percent over the medium-term, supported by underlying structural positives, rating agency ICRA […]

1 2 3 13