Work on the 103-kilometre Kolhapur-Vaibhavwadi section of Konkan Railway will begin soon, a line which would link the coastal region of Maharashtra with the western area of the state and help development of ports and harbours, the commerce ministry today said.
With next Lok Sabha elections less than an year away, the Narendra Modi government is trying to ensure it lives up to his promise of changing the way Indians travel on trains.
Emphasising that logistics is the backbone of economic activity which determines how fast an economy can grow, commerce and industry minister Suresh Prabhu on Friday said his ministry is putting the final touches to a policy for the logistics sector as part of a comprehensive plan to boost business and exports.
Indian Railways is planning to decentralise its non-fare revenue (NFR) initiatives, given the poor response to the schemes it introduced. According to a railway official, most of the tenders floated under various schemes have already been discharged.
Commerce minister Suresh Prabhu Thursday denounced the unilateral trade measures imposed by the United States on steel and aluminum, warning they will “stop the fragile global economic recovery in its tracks”.
Considering its size, scale of operations and importance in the country’s transport infrastructure, the Railway Ministry got a political lightweight at the helm when the Narendra Modi government came to power in 2014.
Trade and Industry Minister Rob Davies has welcomed the SA-India Business Summit as offering increased economic opportunities between the two Brics countries.
If a prize had to be given to the most effective ministers in the Narendra Modi government, with the focus on those in charge of what one might call the “executive” rather than “policy” or purely “administrative” ministries, the first would probably have to be given to Nitin Gadkari, the man in charge of road transport and highways.
Globalisation is going through a phase where countries were “revisiting and re-evaluating” their role in it, Commerce and Industry Minister Suresh Prabhu said on Monday.
Commerce and Industry Minister Suresh Prabhu today exuded confidence that India will become a USD 5 trillion economy in the next seven years.