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State projects depend on Fed Budget handouts

May 12, 2010 By vani Leave a Comment

The State Opposition says the Government is to blame if today’s federal budget ignores infrastructure funding in Tasmania.

The State Government has established a ten year strategy for water, digital, transport, and energy infrastructure projects.

It is costing $6 billion and the Tasmanian Chamber of Commerce and Industry says federal funding will be needed to ensure the projects go ahead.

Liberals Leader Will Hodgman says the State Government made a poor submission for infrastructure funding before the last federal budget, and he says today Tasmanians will know if Labor has fought any harder for money this time around.

“It’s having a major impact in denying us our true potential to build business to sort out the problems in our forestry industry, to ensure that our rail network’s up and running and to build the important road infrastructure that could unlock our true potential,” he said.

“If we get shafted again by Kevin Rudd in this year’s federal budget it will set back Tasmania even further.”

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Indo-China trade begins through Nathula today

May 3, 2010 By vani Leave a Comment

Gangtok, May 3 (ANI): Border trade between India and China through Nathula in Sikkim will begin from Monday.

In 2006, both India and China agreed to reopen the traditional trade route after 42 years.

The route shall remain open from Monday to Thursday every week, from 7.30 a.m. to 3.30 p.m. Indian time and from 10 a.m. to 6 p.m. Chinese time.

Incidentally, the Nathula- Tsomgo Road re-opened from Monday, after remaining closed from April 12 due to landslide.

The Nathula border trade has witnessed a tremendous growth with exports soaring from a mere Rs 8.87 lakh during 2006-07 to Rs 135 lakh in the year ended 2009-10.

Simultaneously there has been a steady decline in imports.

However, a major concern in border trade has been the revision in the list of items of trade. The Sikkim Government is pursuing the matter with the Centre.

The other grey area is road infrastructure leading to the trade destination mart at Sherathang before Nathula, where, under the Border Area Development Project (BADP), the broadening of the road is going on but is periodically halted due to the monsoon and landslides.

In the year 2007-2008, the trading period was revised from May 1 to November 30.

Trade in the last four years were: Export from India to Tibet Autonomous Region (TAR): 2006-07 – Rs 8.87 lakh; 2007-08 – Rs 27.87 lakh; 2008-09 – Rs 95 lakh; 2009-10 – Rs135 lakh.

Import from TAR to India: Rs10.83 lakh; Rs6.88 lakh; Rs1.35 lakh; Rs 2.96 lakh.

There has been no change in trade items and it remains the same, i.e., 29 exportable items from India to TAR and 15 items from TAR to India.

Since the term border trade is to be construed as trade opened for the people of the border area only and for items produced in local area of limited value, the Indian Government has fixed the currency value limited to Rs one lakh per day per trader from 2007-08.

The State Commerce and Industries Department has advised the District Collector and District Magistrate (East) for issuance of trade passes to the traders at the earliest to enable the traders to prepare themselves for trading. (ANI)

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Roadworks delays expected for SA Easter travellers

March 31, 2010 By vani Leave a Comment

The Transport Department concedes Adelaide motorists can expect traffic delays over Easter, despite efforts to minimise disruption.

It says major roadworks will be suspended in several areas but there will still be speed restrictions, including a 40-kilometre-per-hour limit at the Main South Road-Victor Harbor Road turn-off.

The Dukes Highway will also have 40kph sections.

To the north, Port Wakefield Road at Waterloo Corner will be affected by Northern Expressway work.

Flett Steele from the Transport Department says motorists, as always, will need to be patient over the holiday period.

“There are a lot of minor roadworks around the state that we have delayed over Easter,” he said.

“We try and delay as much as possible over both Easter and Christmas breaks to allow traffic through, but I think you need to remember that we’re in a period of record investment in road infrastructure at the moment.”

Detailed roadworks information is available on 1300 361 033 and on the Transport SA website

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CII organises first machinery mart expo in Assam

March 27, 2010 By vani Leave a Comment

Guwahati, Mar 27 (ANI): With peace gradually returning to Assam, trade and commercial activities are gaining momentum.

Recently, the Confederation of Indian Industries (CII) had organised “Machinery Mart 2010,” in Guwahati.

The event benefited local entrepreneurs creating awareness making them about new technological innovations, new techniques of production and packaging of goods.

It was organised at the Maniram Dewan Trade Centre in Guwahati.

This was for the first time the CII organised Machinery Mart Expo was organised for the first time in Assam.

“The galaxies of industrialists in India have congregated. First time ever, so many people and business leaders have congregated at one place and they are all saying that they are coming out of choice,” said Bhupati K Das, chairman, CII, Assam State Council.

“This is the place where possibilities and potentials are there and this is the state, which will grow in a big way in next few years to come,” he added.

“We thank CII who has organized such beautiful exhibition. It is for the first time in northeast and we hope that it will be a regular one. Ten percent of the budget allocation for the northeast region. So, there is a lot of potential. Only we have to grab that thing,” said Kumarjit Das, a local entrepreneur.

The Expo provided information to local entrepreneurs about the latest machinery available for various industries like engineering, textiles and handlooms, agro and food processing and infrastructure.

Many companies like J.C. Bamford (Excavators) Limited (JCB) showcased their newly designed excavators and other products in the expo.

“If I would refer the growth chart, then I must say, the work of road infrastructure is huge or tea uprooting work, we have border roads. If we would look at the whole infrastructure, then we can see that at present northeast have vast developmental projects,” said Neeraj Chhabra, regional manager EAST, JCB.

Around 50 companies from across the country and abroad participated in the event.(ANI)

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India to build more highways than any other country in the world: Kamal Nath

September 17, 2009 By admin Leave a Comment

Zurich (Switzerland), Sep 17(ANI): Union Minister for Road Transport and Highways Kamal Nath on Thursday said that in the next two years India will build more highways than any other country in the world.

Inaugurating “Building India: Road Infrastructure Summit” at Zurich, he also invited European investors to invest in the road and highways sector in India, and said that India as a nation is determined to build a comprehensive high quality infrastructure.

Nath also said that the next decade would belong to infrastructure sector, as the last decade had been the decade of IT.

Stressing on the strong fundamentals of the Indian Economy, he said India is a safe destination for investment even in the times of recession and showcased the opportunities and potential of the Indian road sector to investors from across Europe.

Addressing a strong gathering of investors, developers and financial institutions, Nath said that the Government is back with enhanced mandate and building infrastructure is one of its important focus.

Elaborating on the new vision on road sector, he said that Government is committed to increase the pace of highway development to 20 kms per day, which would unleash huge business and investment opportunities, amounting to 70 billion dollars over the next 3-4 years.

In addition, it would also lead to an inclusive growth and provide connectivity to all stakeholders in socio-economic development.

Inviting investors to be a partner in building road infrastructure in the country, the minister said that out of total investment required, 40 billion dollars are expected to come from private sector. (ANI)

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MSE Earthstone resources acquires 100% economic rights of coal tenement in Indonesia

March 18, 2009 By admin Leave a Comment

Jakarta (Indonesia) Mar 18 (ANI/Business Wire India): MSE Earthstone Resources FZC, part of Earthstone Group, a diversified mining company, today announced the acquisition of 100% economic rights for coal tenement extensively spread over 2,560 Hectares in the thermal coal resource region of Melabouh, Aceh, North Sumatra, Indonesia.

The Indonesian Department of Mining granted a three-year Kuasa Pertambangan (a mining right) license to PT Bara Bina Perkasa early this month. MSE Earthstone Resources FZC has acquired 100 per cent economic rights from PT Bara Bina Perkasa and has agreed to invest for exploration and exploitation of the tenement.

Integrated Coal Mining limited, a RPG Group company from India entered into an agreement with MSE Earthstone Resources FZC to jointly explore this tenement. RPG Group has an option to acquire up to 51% economic interest of the mine subject to satisfactory exploration of the tenement.

Commenting on the acquisition, Earthstone Group, Chairman and CEO Pankaj Shah said: “This acquisition is in line with our growth strategy of identifying and exploring high quality natural resources in order to meet the industry demand”.

Earthstone conducted initial reconnaissance studies to identify outcrops, determine characteristics of the coal seam, collect samples and determine the logistics; initial results show immense potential for prospecting of high quality thermal coal. The proposed site has good road infrastructure with minimal effort required to expand.

Earthstone jointly with RPG Group plans to initiate detailed systematic surveys including geophysical studies, drilling and geological logging on the site by April 2009.

Earthstone Group is a diversified multinational Group with established presence in Mines and Minerals and developing interests in Energy, Roads, Airports, Ports, Rail Networks and other associated Infrastructure. Acting through its subsidiary companies the Group secured 100 per cent Economic Rights in Coal, Iron Ore, Lead Ore and Manganese Ore properties in Indonesia.

We are actively pursuing opportunities in a number of Asian and African countries for Coking Coal, Uranium, Gold and Thermal Coal Mining. (ANI)

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Talking car technology making progress

November 12, 2008 By Rajesh Leave a Comment

Hamburg – Smart car-to-car communication will one day make traffic jams obsolete and significantly improve road safety. That is the vision of several major car makers who recently presented the technology under realistic driving conditions at a test track in Germany.

Several cars, motorcycles and a truck could be seen communicating with each other at the Opel test track in Dudenhofen Germany based on wireless WLAN technology.

In principle, the technology works as follows: Car A is driving several kilometres ahead and sends information about an upcoming obstacle to car B allowing the driver to choose an alternative route or to slow down.

An important milestone was taken earlier this year when the European Commission made available an EU-wide frequency band.

Some 30 major car makers and other partners are grouped in the Car2 Car Communication Consortium aimed at defining a uniform standard for the communication technology between vehicles and road infrastructure.

The European Union is supporting the project, hoping to improve road safety and reduce traffic jams. The technology could be especially effective when it comes to upcoming vehicle congestion, accidents or icy roads.

Traffic management centres can also inform drivers about a sudden road closure, the alternative route to take or speed limits. The information is sent to a transmitter detector along the respective road, which then passes it on to the vehicles driving by.

“Getting critical messages through quickly and accurately is a must for road safety,” says European Union Telecommunications Commissioner Viviane Reding, pointing out that the time Europeans spend in traffic jams could cost some 80 billion euros (102 billion euros) by 2010 in lost working hours.

The EU-wide frequency in the 30 MHz spectrum in the 5.9 Gigahertz (GHz) band will be allocated in early 2009 by national authorities across Europe. This is in line with steps already taken in the United States and Japan, opening up an important milestone for the technology. (dpa)

Filed Under: Business News Tagged With: communication technology, European Union, European Union Telecommunications Commissioner, Japan, motorcycles, road infrastructure, Several cars, traffic jams, United States