The government is
committed for infrastructure development and the track record of last
three years has increased the faith of the investors which has resulted
in 76 times oversubscription of IPO of Cochin Shipyard Ltd., a
government flagship company, said Union Minister of Road Transport and
Highways and Shipping, Shri Nitin Gadkari, in Mumbai today. He was the
Chief Guest at the inauguration of the renovated BSE international
convention Hall and Listing of equity shares of Cochin Shipyard LTD.
Speaking on the occasion he signifies the success of government’s
economic policies, friendly approach for development, transparency and
corruption free system. The efficiency of the government ports has
increased by 2.86% in comparison to private ports. The Minister also
said that in the shipping industry there is a lot of potential for ship
building and ship repairs. He said “In the next 15 days the work of 10
inland waterways will be started in the different parts of the country.
Inland waterways is a game changer. It is going to reduce the logistic
cost and this will help industry in export promotion and creating more
The Minister also said “12 express highways work is on and Mumbai to
Vadodara Express Highway work worth Rs. 44000 crores will start in the
next three months.”
Shri Gadkari released a souvenir POISED FOR GROWTH Trends in the Indian
Maritime Sector at the function.
Shri Ashishkumar Chauhan, MD & CEO, BSE, Shri Madhu Nair,CMD, Cochin
Shipyard Ltd., Ms. Varsha Purandare, MD & CEO, SBI Capital Markets Ltd.
and other dignitaries were present on the occasion.