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INDIA’S EXCLUSIVE BI-WEEKLY NEWSPAPER FOR INTERNATIONAL
RNI NO. 56969/93 ASSIGNMENTS, BUSINESS & EXPORTS
E
Our UAE Correspondent are also able to build up their
savings and pay off their debt.
XPATRIATES in the However, 93 per cent are not
UAE are among the high- fully aware of or have explored
est paid in the world and their financial options, according
they’re taking home more money to Marwan Hadi, Head of Retail
than their peers in top interna- Banking and Wealth Manage-
tional destinations like Australia ment at HSBC-UAE.
or Japan. When asked what their pri-
According to the latest Expat orities are, 48 per cent cited
Explorer Survey by HSBC, buying property and 53 per cent
which polled 22,318 respon- chose saving for retirement.
dents from 163 countries, the About 17 per cent also own a
average expat salary in the property in the UAE, but HSBC
UAE is the sixth highest in the noted that a typical expat keeps
world, just behind Switzerland, only a fifth of their wealth in the
the US, Hong Kong, China and country.
Singapore. “Traditionally, expats have
Among the nearly 1,000 top channeled most of their invest-
executive respondents surveyed ments outside the UAE often
in the UAE, the annual pay to their home country. However,
cheque is pegged at more than ity of life, are among the top Middle East and Africa. erage salaries jumped from lakh); and Australia: $1,25,803 based on expats’ feedback on the recent announcement by
$1,55,000 (` 1.14 crore) or considerations for expatriates Overall, HSBC’s survey $1,34,093 in 2016 to $1,72,678 (` 92.61 lakh). disposable income, wage the UAE government to afford
roughly over Dhs 40,000 (` 8 when making the decision to showed that expats in Switzer- this year. The survey, which is now growth, savings, economic con- special residency-visa privi-
lakh) monthly. move to another country. land are the biggest earners, Average expat salaries are on its 11th year, ranks countries fidence, entrepreneurship, pol- leges for expat retirees has
The study also found that The UAE, particularly Dubai, with an average annual salary Switzerland: $2,02,865 (` 1.49 based on several factors and itics, career progression, working certainly paved the way for
moving abroad has resulted in has been considered one of the of $2,02,865. crore); the US: $1,85,119 (` in the ‘economics’ category, the life and job security. more to consider their long-
higher take-home pay, with a best destinations for expatriates Expatriates in the US are 1.36 crore); Hong Kong: UAE climbed one place from According to the survey re- term plans in the UAE. Already
fifth of the expatriates in the due to its zero income taxation, the second-biggest earners at $1,78,706 (` 1.31 crore); China: last. This means that the UAE sults, the majority (67 per cent) two-thirds (66 per cent) live
UAE saying that their incomes good quality of life and high $1,85,119, with Hong Kong $1,72,678 (` 1.27 crore); UAE: is now the fourth best destination of UAE expats now enjoy more here for more than five years,
have at least doubled since compensation packages. In the workers taking the third spot at $1,55,039 (` 1.14 crore); India: to move to for those whose disposable income, thanks to and as expat-friendly reforms
making the shift to the UAE. latest Quality of Living Survey $1,78,706. Expatriates in China, $1,31,759 (` 96.99 lakh); In- main reason for working abroad higher earnings and the tax- come forth, we might see more
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Bharat-Pradhan Mantri gramme implementation models sector, added Ms Patel.
empowerment in Iraq
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AAT News Service
ASSIGNMENTS
climate change is occurring, and Nuclear power helped to of 5-20 gram CO2 per kilowatt- ulation and control aimed at events will likely exacerbate the
Climate change
rigorous scientific research con- avoid significant quantities of hour, in the same range as hy- keeping the radiation exposures impacts of gradual changes in
ABROAD
cludes that the greenhouse gas- carbon dioxide (CO2). The report droelectric and wind power, main- within prescribed limits. temperature, precipitation and
es emitted by human activities revealed that over the period ly coming from mining and milling The report reminded the other weather attributes. The in-
TIMES
are the primary driver," the letter 1970-2015, nuclear power avoid- uranium ore and enrichment. readers that "while the devas- creasing frequency of extreme
asserted. ed around 68 giga (thousand IAEA listed the challenges tating earthquake and tsunami hot temperatures and low climate
E
dence and the vast body of peer- International, "nuclear advocates
reviewed science. The most im- are making a huge mistake in
portant step in addressing the
CONOMIC advances around the world mean that while issue internationally is the Paris
The 123-page Int’l
fewer people live in extreme poverty, almost half the world’s Agreement, which virtually all Atomic Energy
population – 3.4 billion people – still struggles to meet countries adopted in December Agency report
basic needs. Living on less than $3.20 per day reflects poverty 2015.
lines in lower middle-income countries, while $5.50 a day reflects It provided the international declared that
standards in upper middle-income countries, the World Bank said legal framework for addressing “a significant
in its biennial Poverty and Shared Prosperity Report, titled ‘Piecing climate change, by seeking to
Together the Poverty Puzzle’. The World Bank states that it limit the increase in global aver- increase of all
remains committed to achieving the goal of ending extreme age temperatures to well below clean, low-carbon
poverty, defined as living on less than $1.90 a day, by 2030. The 2°C relative to pre-industrial levels
share of the world’s population living in extreme poverty fell to 10 by encouraging the use of low-
technologies such
per cent in 2015, but the pace of extreme poverty reduction has carbon energy sources to reduce as nuclear power is
slowed, the Bank warned on September 19 this year. However, greenhouse gas emissions.
given that economic growth means that a much greater proportion Recently, the International needed if climate
of the world’s poor now live in wealthier countries, additional Atomic Energy Agency (IAEA) change targets set
poverty lines and a broader understanding of poverty are crucial published a report titled ‘Climate under the Paris
to fully fighting it, says the report. “Ending extreme poverty by Change and Nuclear Power
2030 and boosting shared prosperity are our goals, and we remain 2018’. This 123-page-report de- Agreement to the
United Nations
clared that "a significant increase
committed to them,” says World Bank Group President, Jim Yong
of all clean, low-carbon tech-
Framework
Kim. “We can take a broader view of poverty at different levels
nologies such as nuclear power
and dimensions around the world. This view reveals that poverty
is more widespread and entrenched, underlining the importance
is needed if climate change tar-
gets set under the Paris Agree- Convention on
of investing in people.” While rates of extreme poverty have
declined substantially, falling from 36 per cent in 1990, the report’s
ment to the United Nations Climate Change
expanded examination of the nature of poverty demonstrates the
Framework Convention on Cli-
mate Change are to be met".
are to be met.”
magnitude of the challenge in eradicating it. Over 1.9 billion
Based on the data provided adopting climate change as the
people, or 26.2 per cent of the world’s population, were living on by IAEA, the report stated that prime argument for a huge ex-
less than $3.20 per day in 2015. Close to 46 per cent of the about 70 per cent of the world’s pansion of reactor construction."
world’s population was living on less than $5.50 a day. The report electricity comes from burning (NEI, May 10, 2018)
also goes beyond monetary measures of poverty to understand fossil fuels, but to meet climate He argues that “by so doing,
how access to adequate water and sanitation, education, or goals by 2050, 80 per cent of million) tonnes of CO2 in total, faced by nuclear power to realise in 2011 in Japan caused 20,000 nuclear will be marginalised as
electricity affect a family’s well-being. And since the burdens of electricity will need to be low close to the entire actual emis- its full potential: the debate casualties, none were related to the industry effectively gets into
poverty often fall most heavily on women and children, the report carbon. sions from the power sector over around radiation exposure, ra- the release of radioactive mate- bed with renewables, whose
analyses how poverty can vary within a household. The report "Nuclear power can make 2010-2015. dioactive waste, off-site effects rial in the accident at the Fukushi- supporters will do everything to
finds that the incomes of the poorest 40 per cent grew in 70 of the an important contribution to re- The report cautioned that of nuclear accidents and its high ma Daiichi nuclear power plant. stop it that they can. Stating the
91 economies monitored. In more than half of the economies, ducing greenhouse gas emis- any decline in nuclear capacity capital costs. “The levels of radiation ex- obvious (i.e. all solutions are
their incomes grew faster than the average, meaning they were sions while delivering energy in projections might raise serious The report examined these posure from the accident were necessary to constrain carbon
getting a bigger share of the economic pie. However, progress in the increasingly large quantities concerns about the prospects challenges and described the similar to the global average emissions) is not helpful when
sharing prosperity lagged in some regions of the world. The report needed for global economic de- for climate change mitigation. innovations by the nuclear in- background levels of radiation non-nuclear options continue to
also warns that data needed to assess shared prosperity is velopment. Nuclear power plants There are serious economic im- dustry in developing new fuel and no radiation related health perpetuate the fear paradigm
weakest in the very countries that most need it to improve. Only produce virtually no greenhouse plications as well. and reactor designs. It reassures effects are expected among ex- that bedevils nuclear." Mr Kidd
one in four low-income countries and four of the 35 recognised gas emissions or air pollutants Replacing this nuclear energy the public that the radiation ex- posed members of the public argues that the other benefits
fragile and conflict-affected states have data on shared prosperity during their operation and only capacity entirely with low carbon posure to the public from the and their descendants". of nuclear power such as relia-
data over time. The new measures allow the World Bank to better very low emissions over their renewable generation capacity normal operation of nuclear pow- IAEA included possible safety bility and security of supply de-
Commerce Min
monitor poverty in all countries, in multiple aspects of life, and for full life cycle," the report noted. may increase investment and fi- er plants and the nuclear fuel enhancements due to the po- serve more emphasis.
all individuals in every household. Nuclear power serves many nancing expenditure on renew- cycle infrastructure is negligible tential impacts of climate change: – PTI Feature
releases study
Mind Tree
“Be careful of your thoughts,
connectivity in MP
This analysis helps in studying
HE Union Minister for whether an FTA or tariff con-
Commerce & Industry and cessions by China to India (like
Civil Aviation, Suresh China has yielded to India’s com-
Prabhu, released a study by the peting countries in FTA) can be
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connectivity investment pro- sive economic growth in rural biggest trading partner. Trade The study is divided into
gramme for India approved by India. lt will give a big boost to AAT News Service The new operational guide- the current challenges faced between the two countries has eight sections beginning with an
the ADB Board in December the country’s rural connectivity lines also detail a standard op- while implementing the scheme been expanding but India’s trade introduction into the historical
2017. The overall programme initiative," said Mr Khare after HE government has de- erating procedure for evaluation by putting forth effective solu- deficit with China has been grow- aspects of trade relations be-
is aimed at improving rural con- signing the loan agreement. cided to incorporate the of insurance companies and re- tions. The much demanded ra- ing, said Mr Prabhu. tween India and China and the
nectivity, facilitating safer and The loan will improve mobility provision of penalties for move them from the scheme if tionalisation of premium release While releasing the study, trends of bilateral trade between
more efficient access to livelihood for self-employment and liveli- states and insurance companies found ineffective in providing process has been incorporated he said most industry associa- the two. It also looks into the
hood opportunities in rural areas for delay in settlement of insur- services. The government has in the new guidelines. tions want the government to trends of trade deficit, and analy-
by improving access to district ance claims under the Pradhan also decided to include perennial As per this, the insurance pursue a defensive approach to ses India’s exports and imports
centres. The project will continue Mantri Fasal BimaYojana (PMF- horticultural crops under the companies need not provide any free trade agreements (FTAs) to and from China at the HS 6-
to support the government's drive BY). This crucial provision is ambit of PMFBY on a pilot basis. projections for the advance sub- and raise tariffs on the doctrine digit level. It also analyses at
for innovative approaches to re- part of the new operational guide- The scheme, as per the new sidy. Release of upfront premium of domestic markets for domestic HS 6-digit level, China’s share
duce costs, conserve non-re- lines issued by the government operational guidelines provides subsidy will be made at the be- producers. in India’s import basket (extent
newable natural resources, and for implementation of PMFBY. add on coverage for crop loss ginning of the season based on Protectionist policies are on of dependency on China as a
promote the use of waste mate- The farmers will be paid 12 due to attack of wild animals, 50 per cent of 80 per cent of the rise globally. The global use source) and India’s share in Chi-
rials in rural road construction, per cent interest by insurance which will be implemented on total share of subsidy of corre- of protectionist measures in 2018 na’s export basket.
and socio-economic opportuni- said Mr Yokoyama companies for the delay in set- a pilot basis. Aadhaar number sponding season of previous was unprecedented with the Competing countries who
ties for rural communities through ln view of increased rainfall tlement claims beyond two will be mandatorily captured to year as Government of India trade wars looming between two have FTAs with China, limits the
improvements to about 12,000 and storm surges in Madhya months of prescribed cut-off avoid duplication of beneficiar- /state subsidy. of the largest economies of the scope for Indian exports. This is
kms rural roads across the states Pradesh, the road designs take date. State governments will ies. Balance premium will be paid world. Hence, a comparative due to higher tariffs faced by
of Assam, Chhattisgarh, Madhya into account these climate risks have to pay 12 per cent interest In order to ensure that more as a second instalment based analysis of the concessions ced- exporters as compared to com-
Pradesh, Odisha, and West Ben- with measures such as greater for the delay in release of state non-loanee farmers are insured on the specific approved busi- ed by China on 200 products in peting nations who have secured
gal. elevation of road embankments share of subsidy beyond three under the scheme, apart from ness statistics on the portal for its FTAs to India’s competing tariff concessions under their
Tranche one loan of $250 and slope protection. Women months of prescribed cut-off various awareness activities be- settlement of claims. Final in- countries like Peru, Pakistan, FTAs. The top 200 items of Chi-
million is currently under imple- were extensively consulted dur- date submission of requisition ing scheduled, the insurance stallment will be paid after rec- Australia, South Korea and na’s imports from India (2017)
mentation in five project states, ing the project design and will by insurance companies. The companies are given a target of onciliation of entire coverage ASEAN has been carried out by wherein the tariff advantages
upgrading over 6,000 kms of ru- gain some key benefits, including new operational guideline enrolling 10 per cent more non- data on portal based on final the Department of Commerce. available to India’s competing
ral roads. The signatories to the improved access to healthcare, comes into effect from rabi sea- loanee farmers than the previous business statistics. This will re- Also the imports of China partners in the Chinese market
second rural connectivity invest- livelihoods and schooling, he son. The rabi season begins corresponding season. The new duce the delay in settling the from these countries as well as have been analysed, added the
ment programme were Sameer added. from October.. operational guidelines address claims of farmers. China’s Most Favoured Nation minister.
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FDI in telecom sector World Bank announces
6 ASSIGNMENTS ABROAD TIMES, MUMBAI, SATURDAY, OCTOBER 27, 2018
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AAT News Service in 2015-16 to $6.2 billion in Anuradha Mitra, Member telecommunications sector. She
2017-18 and we look forward to (Finance), Telecom Commis- also highlighted that necessary
ODAY, India is the sec- continuous inflow of FDI in the sion, Department of Telecom- processes/systems have been
ond largest telecommuni- sector,” said Mr Sinha. munications (DoT) reiterated put in place to undertake this
cations market in the Aruna Sundararajan, Secre- that pursuant to the decision work with responsiveness.
world with around 1.18 billion tary, Telecom, emphasised the taken to abolish Foreign Invest- The seminar was attended
customers. This transformation by representatives from various
is moving India towards becom- ministries/departments, regula-
ing a ‘knowledge society’ in the tory bodies, industry, academia
true sense, because growth of etc. On the occasion, Mr Sinha
internet data services and the also released a publication titled
widespread use of mobile ‘Telecom Sector Growth & FDI:
phones have also changed the A Way Ahead’, which is a com-
way in which public services like pilation put together by FIPP
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education, transportation and Wing of DoT together with the
healthcare are being delivered, Indian Institute of Foreign Trade AAT News Service nearing a tipping point on many marine and coastal resources.
said the Union Minister of State (IIFT). The compendium aims at fronts, from over-fishing and ma- Problue focusses on four
for Communications and Rail- providing relevant information HE World Bank Group rine pollution to coastal erosion. key themes: the management of
ways, Manoj Sinha. He was ad- relating to FDI policy and the announced the creation Problue is designed to address fisheries and aquaculture; the
dressing a seminar on ‘FDI in telecommunications sector in In- of Problue, a new multi- these challenges and to develop threat posed to ocean health by
Telecom Sector: The Way dia at one place to facilitate donor trust fund that will support and sustain our precious marine marine pollution, including plas-
Ahead’, in New Delhi. stakeholders. healthy and productive oceans resources for generations to tics; the sustainable develop-
Telecom sector is also play- The seminar included tech- by tackling marine pollution, come,” said Laura Tuck, World ment of key oceanic sectors
ing an important role in agricul- nical sessions and a panel dis- managing fisheries and foster- Bank Group Vice President, such as tourism, maritime trans-
ture, poverty eradication, disas- cussion, which sensitised vari- ing the sustainable growth of Sustainable Development. port and offshore renewable en-
ter preparedness and financial ous stakeholders of the telecom coastal economies. Problue is part of the World ergy; and building the capacity
inclusion. “As we get the blue- sector, particularly those from Problue, which was an- Bank’s overall Blue Economy of governments to manage their
print ready for transition to the industry, on the various nounced on the sidelines of the programme, which takes a marine and coastal resources in
newer, emerging technologies steps taken by the government UN General Assembly, supports multi-pronged approach to en- an integrated fashion to deliver
like fifth generation (5G), ma- to attract investment and ease the implementation of the UN’s suring the protection and sus- more and long-lasting benefits
chine-to-machine (M2M), and the process of FDI approvals in Sustainable Development Goal tainable use of marine re- to countries and communities.
artificial intelligence (AI) etc, the sector. Speakers for the 14, which covers the sustainable sources. The World Bank’s About $75 million has been
there would be need for invest- seminar, coming from the gov- use of oceans, seas and marine active Blue Economy portfolio committed so far to the fund,
ments. Therefore, in addition to ernment, academia, industry, le- resources. By investing in the is around $3.7 billion, with a fur- with Norway providing the initial
domestic investments in the gal firms, equity research firms long-term wealth of the oceans, ther $1.5 billion in the pipeline. pledge of $15 million as part of
sector, Foreign Direct Invest- etc., drew from their rich experi- Problue is also fully aligned with Projects range from implement- a planned multi-year contribu-
ment (FDI) an important com- ences in the diverse sectors and the World Bank’s mission to end ing large regional fisheries pro- tion to Problue. Canada an-
ponent of economic growth can contributed immensely. extreme poverty and increase grammes in Africa and the Pa- nounced it would contribute $50
play an important role in the sec- Dignitaries present on the the income and welfare of the cific, to tackling all sources of million to the fund and other
tor as it has been doing. It is a fact that foreign investment is ment Promotion Board (FIPB) occasion also included N Siva- poor. marine pollution, and supporting donors include Germany, Swe-
matter of pride for us that FDI in necessary not only to supple- last year, Department of sailam, Special Secretary, DoT ”Healthy oceans protect bio- coastal development around the den, Iceland and the European
airport at Jharsuguda
UDAN flight
between
Jharsuguda-
Raipur sector
Jharsuguda airport has been developed by the Airports Authority
of India, in collaboration with Government of Odisha at an
estimated cost of ` 210 crore with a contribution of ` 75 crore
from the state government. Spread across over 1,027.5 acres of
land, the area of terminal building of the airport is 4,000 sqm. The
airport has been developed for all-weather operations including
night operations for A-320 type of aircraft
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AAT News Service tions including night operations Apart from the new terminal growing tourism industry in the
for A-320 type of aircraft. building, the airport infrastructure region.
HE Prime Minister, Naren- The terminal building of Jhar- also includes isolation bay, new UDAN is a flagship scheme
dra Modi, inaugurated a suguda airport, is a RCC com- technical block-cum-control tow- of the Government of India in-
new airport in Jharsuguda posite structure equipped with er, fire station category-VII, MT troduced to enable air operations
The President, Ram Nath Kovind, inspecting the Guard of Honour at the ceremonial – also known as the powerhouse state-of-the-art passenger facil- workshop and essential naviga- on unserved routes, connecting
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pore in Koraput district; Rourkela
in Sundargarh district and Utkela
AAT News Service Home Affairs (MHA) has re- 2018. in Kalahandi district are being
cently streamlined the security MHA is the nodal ministry for developed to provide connectivity
HE Union Home Secre- clearance procedures and is- security clearances in certain to remote and far-flung areas of
tary, Rajiv Gauba, sued a fresh set of guidelines. A sensitive sectors before issuing the coastal state. For revival
launched an online ‘e-Sa- committee of officers meets licence/permit, permission, con- and upgradation of these four
haj’ portal in New Delhi for grant- every week in MHA for timely tract etc to companies/bidders/ airports within the state of
ing security clearance. The por- decision on security clearance individuals by the administrative Odisha, ` 370 crore has been
tal will facilitate an applicant to proposals. ministry. The objective of na- allocated under the Regional and tourist destinations of the plant, reuse of treated water for make flying affordable for mass-
submit application online and MHA has cleared about tional security clearance is to Connectivity Scheme. state highlighting rich ethos and horticulture and air-conditioning es.
also to view the status of his/her 1,100 cases of security clear- evaluate potential security Jharsuguda airport has been culture of the region. The city purposes, rainwater harvesting Governor of Odisha, Ganeshi
application from time to time. ance in the past one year. Al- threats, including economic developed by the Airports Au- side is being aesthetically land- system to recharge groundwater, Lal; Chief Minister of the State,
Speaking on the occasion, though the given timeline is 90 threats, and provide risk assess- thority of India, in collaboration scaped with lush green areas sewage treatment plant, solar Naveen Patnaik; Union Minister
Mr Gauba said, with the intro- days, MHA strives to decide se- ment before clearing investment with Government of Odisha at connecting passengers to the power system, energy-efficient for Commerce and Industry and
duction of portal, the process curity clearance cases in 60 and project proposals in key an estimated cost of ` 210 crore nature. chillers and a green belt along Civil Aviation, Suresh Prabhu;
has become standardised and days (average time per case in sectors. with a contribution of ` 75 crore With a 2,390 metre-long run- the approach road of the airport Union Minister of Petroleum &
it will be faster, transparent and 2018 is 53 days), which is being The aim is to strike a healthy from the state government. way, the airport will be able to are few other green features of Natural Gas and Skill Develop-
easy to monitor. Various func- reduced further. In 2016, there balance between meeting the Spread across over 1,027.5 park A-320 type aircraft. The the airport development project. ment & Entrepreneurship, Dhar-
tionaries can access the appli- were 209 cases which were imperatives of national security acres of land, the area of terminal terminal building has five check- The new airport at Jharsuguda mendra Pradhan; Union Minister
cation and documents online over 6 months old; in 2017, it and facilitating ease of doing building of the airport is 4,000 in counters and one arrival will play a significant role in the for Tribal Affairs, Jual Oram were
and take timely decisions. came down to 154 cases and business and promoting invest- sqm. The airport has been de- carousel with peak hour handling development of western Odisha among those present on the oc-
He said, the Ministry of further down to 47 cases in ment in the country. veloped for all-weather opera- capacity of 300 passengers. and will give impetus to the casion.
saturday, october 27, 2018 assignments abroad times, Mumbai 7
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S
summit. ayurveda and other AYUSH
From Page 1 Road Transport & Highways, 4.28-lakh KL. The project is A preparatory meeting for hospitals.
Shipping and Water Resources, scheduled to be completed by the summit was organised on The ministry is also devel-
PEAKING of various Nitin Gadkari said 100 cruises October 2019. The project October 16, 2018, which was oping horizontal integration with
transports modes such such as this will be started, giving adopts an environment-friendly presided by Union Minister of other ministries of Central gov-
as water, coastal roads, a boost to Mumbai Goa con- approach for reclamation. It will State for AYUSH Shripad Yesso ernment. The Ministry of Rail-
monorail and metro rail, the Chief nectivity. Such services will be result in savings of 50-lakh kms Naik. “The ministry has taken ways has agreed to set up
Minister of Maharashtra, Deven- launched in rivers too. of truck movement through city many new initiatives to increase AYUSH wing in five railway hos-
dra Fadnavis said the ticketing Water hotels will be set up roads and about 12-lakh litres the market size of AYUSH and pitals. Likewise, ministries of
systems of these various modes along the Thane-Virar route. Wa- of diesel for Mumbai Metro Rail we are in close co-operation Health & Family Welfare, Home,
will soon be integrated. The ter taxis will become operational Corporation, resulting in less with industry chambers like FIC- Defence, and Labour are also
Mumbai-Goa cruise service is for the new airport and for Pan- pollution. CI, CII, PHD Chambers, As- setting AYUSH wings in hospi-
India’s first luxury cruise liner. vel. The Central government is For BPCL and HPCL, 16 socham etc, to achieve this goal. tals under their respective min-
It would sail to Goa three ready to build a jetty to facilitate tanks each of 26,800 tonnes ca- These chambers have taken istries. Many PSUs have also
days a week. It would give a water transport from Thane. A pacity for storing crude oil will the barge handling facility at Trust and CSL. The main ob- several initiatives by constituting come forward to set up AYUSH
new dimension to cruise services seaplane too is being planned, be provided through this. It will Jawahar Dweep, Mumbai Port jective of this project is to develop ayurveda or AYUSH committees hospitals.
and help expand its horizons in said the minister. also result in shorter distance Trust has reinforced its identity a world-class integrated ship re- to give special emphasis on The ministry has taken many
Maharashtra, Gujarat, Karnataka The Bhumi Pujan for the of pumping, faster vessel turn- as a bunkering hub, and is now pair facility on par with interna- AYUSH sector,” said Mr Naik. initiatives for promotion and prop-
and Kerala. The new terminal is Reclamation at Jawahar Dweep around and would enable more geared up to meet a target tional shipyards, in line with the “The ministry has signed agation of AYUSH systems.
centrally air-conditioned, with fa- for tank farm was also performed effective use of storage tanks at bunker sales of 2.5 MMTPA by ‘Make in India’ initiative. MoU with Ministry of Micro, Small There is growth of 15.38 per
cade lighting. Mid-size cruise on the occasion. Under this proj- refinery. 2023. With the upgradation of dry and Medium Enterprises cent in the number of patients
vessels with a carrying capacity ect, excavated rock material from The bunkering facilities at The occasion also saw the dock and introduction of floating (MSME) to develop entrepre- treated with AYUSH systems of
of 300-400 passengers would metro rail project is being utilised Jawahar Dweep were also handing over of dry dock and dry dock, the facility will be neurs in AYUSH sector and to medicine through AYUSH hos-
be operated from Mumbai to by Mumbai Port for reclaiming opened on the occasion. This is four berths at Indira Dock to able to cater to 140 vessels strengthen the existing AYUSH pitals and dispensaries in last
Goa from the new terminal. 13 ha of land at Jawahar Dweep. being done as the result of a tri- Cochin Shipyard (CSL) for 29 per year (as compared to 30 industry sector, including man- four years. The government has
Interacting with the media The reclaimed land will be partite agreement between years, for floating dry dock and per year now) and would grad- ufacturers of AYUSH drugs, cos- allowed 100 per cent foreign di-
on board the maiden voyage of used for tank farm for storage BPCL, HPCL and Mumbai Port afloat repairs, as part of a joint ually increase it to 200 vessels metics, food supplements, hos- rect investments in health sector,
Fashion Corner
Angriya, the Union Minister for of crude having capacity of Trust. With the development of venture between Mumbai Port per year. pital industry etc. We will be added Mr Naik.
Seventh Sense
Suresh Sawant
Printed by N.R.K. Pillai and published by him on behalf of Aishwarya Publications Pvt. Ltd. and printed at M/s. Dangat Media Pvt. Ltd., 22, Digha, MIDC, TTC Industrial Area, Vishnu Nagar, Digha, Navi Mumbai-400 708 and published from 302, Eruchshaw Building, 3rd Floor, 249 Dr. D.N. Road, Fort, Mumbai 400 001. Editor: N.R.K. Pillai.