Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
A special purpose vehicle formed to modernise and renovate two non-functional docks of the Hooghly Dock and Port Engineers (HDPE) is expected to complete its job months ahead of the schedule, a top official said on Monday.
The shipbuilding and repairing is expected to resume by October 2020 from operative dry docks of the HDPEL instead of the scheduled target date of January 2021, HDPEL Chairman Balaji Arun Kumar told PTI.
This is in line with Prime Minister Narendra Modi’s interest to rejuvenate the eastern part of the country, he said.
A special purpose vehicle - Hooghly Cochin Shipyard Ltd, a 24:76 per cent joint venture between the Cochin Shipyards Ltd and the HDPE - had been set up for modernisation and renovation of the two dry docks.
“We are ahead of time. The SPV is expected to complete the renovation and modernisation in September-October 2020, ahead of the original schedule of January 2021,” the HDPE chairman said.
Cochin Shipyard Ltd (CSL) had signed the concession agreement with the HDPE for taking over the old units at Nazirgunge and Salkia on the bank of river Hooghly in Howrah city on a 60-year lease and to make operational of the dry docks.
The CSL paid Rs 22 crore initially and lined up Rs 160 crore in phases to turn these docks capable to manufacture and repair with the latest equipment and technology in these dry docks which were remaining non-functional for long.
CSL officials could not be reached for their comments.
In the first phase, the SPV is focusing on Nazirgunj dock in which production of wide-bodied low-draft energy efficient vessels and barges will be taken up.
The ambitious National Waterway-1 between Haldia and Allahabad augurs well for the fortune of the HDPE docks and boost investment in West Bengal’s shipping sector.
The central government’s ‘Jal Marg Vikas Project’ is developing the National Waterway-1 at an estimated cost of Rs 4, 200 crore.
The Centre recently unveiled Rs 102 lakh crore of infrastructure projects that will be implemented in the next five years and half of it will be invested in eastern states.
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
High valuation and stiff competition from larger players are a dampener
Will a stock continue its current trend or will it reverse? We tell you how you can read chart patterns to ...
Most AMCs have been sending out cryptic e-mails. We tell you how to read between the lines
Slew of factors are building a good foundation for the bulls to work their way up
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
‘You ready to go to work?’ Joe Biden had asked Kamala Harris before naming her as his running mate. ‘Oh my ...
Writer Narendra’s latest book, rich with vignettes from Bastar and his native village in Uttar Pradesh, ...
On the eve of his 86th birthday, a peek into an interview-based book that reveals the actor’s many moods, ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor