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 […]

Tata Motors Introduces India’s First Bio-Methane Bus

Home-grown automaker Tata Motors recently showcased the country’s first Bio CNG (compressed natural gas) a.k.a. bio-Methane bus in India. The company has designed and developed bio-Methane engines for LCV, ICV, and MCV buses and the powertrain options include – 5.7 SGI and 3.8 SGI. The new bio-methane engines were introduced at the Bio-energy programme, called ‘Urja Utsav,’ […]

UAE, India boost aviation cooperation

The UAE and India have explored ways to take bilateral relations to a higher level with special emphasis on the aviation sector. The two sides discussed the possibility of signing a new agreement to utilise the high potential for travel growth between the two countries. Carriers from India and the UAE can now fly a […]

UAE company puts Rs 100 crore in Mirage Ceramics

UAE-based diversified conglomerate Mulk Holdings has invested Rs 100 crore to pick 50% stake in Mumbai-based tiles manufacturer Mirage Ceramics in its first investment in India, and has outlined plans to pump in about Rs 1,000 crore in the country . “India is a very lucrative market for us,“ said haji Ul Mulk, chairman at […]

UAE-India moving ahead on setting up $75bn fund

The fund, mooted in 2015, aims to invest in infrastructure projects (ITP Images) Talks on setting up the $75 billion (AED275.25bn) UAE-India infrastructure investment fund are continuing, Indian Consul General in Dubai has revealed. The fund, which was first proposed in 2015 when Indian Prime Minister Narendra Modi visited the UAE, aims to invest in […]