INDIA TO INVEST $18 BN IN PORTS OVER NEXT 5-7 YEARS

India is likely to invest $18 billion in ports and over $4 billion in its ship building industry in the next five-to-seven years, shipping industry players said at a meet here. Shipping Corporation of India's Chairman and Managing Director, S Hajara, who spoke at the meet, said that shipping should be brought under the infrastructure ambit. He called for a relaxation in the present cabotage law to allow shipping into the infrastructure sector.

The Economic Times

$120-150bn needed by 2012 in energy sector

India’s current level of energy consumption is very low. For the year 2004 – 05, the total annual energy consumption for India is estimated at 572 Mtoe (million tons oil equivalent) and the per capita consumption at 531 kgoe (kilograms oil equivalent). With a target GDP growth rate of 8-10% and an estimated energy elasticity of 0.80, energy requirement is expected to grow at 6.4-8.0%. This would mean a five-fold increased in India’s energy requirement over the next 25 years.

Mint
http://www.livemint.com/2007/12/26142401/
120150bn-needed-by-2012-in-e.html

Western ports draw huge pvt funds to meet NMDP targets

States along the west coast that have been aggressive in attracting private investment for developing ports and shipyards along their coastlines also seem to have clocked the maximum progress in implementing the Ministry of Shipping’s Rs 55,000-crore National Maritime Development Programme (NMDP).

The Indian Express
http://www.indianexpress.com/story/253552.html