Centre to invite EoIs for leasing out 4 major airports
Private companies will be asked over the next 10 days to submit expressions of interest (EoIs) for leases to run four of Indias largest airports as the country bids to upgrade them to world standards, a top airport official said on Wednesday.

The Airports Authority of India (AAI) chief financial officer VDV Prasad Rao said that he expected the leases for the airports at New Delhi, Mumbai, Kolkata and Chennai to be awarded by the end of March 2003.
Back to News Review index page  

Kandla Port To Change Berthing Policy
One of Indias busiest ports, Kandla, will change its berthing policy to give priority to rice shipments and ease congestion caused by a spurt in grain exports, the Port chairman said on Wednesday.

"Were changing the berthing policy from July 1 to provide an additional berth to rice exporters. This should help ease current congestion," AK Joti said.
Back to News Review index page  

First e-bourse on sugar gets nod
The government has finally cleared the decks for trading in sugar futures, a hedging practice prevalent in the international markets. On Monday, the government formally cleared the application of the Shishir Bajaj group- sponsored Esugarindia Pvt Ltd, a B2B sugar portal. The clearance is effective from Thursday, and would be valid for a period of five years to May 31, 2007.

The government, in consultation with the Forward Markets Commission (FMC), cleared the application in exercise of the powers conferred by Section 6 of the Forward Contracts (Regulation) Act, 1952. The recognition is subject to the condition that the exchange and Esugarindia Clearing Corporation, the clearing corporation set up by Esugarindia Pvt Ltd, would comply with such directions as may from time to time, be given by FMC, the clearance notification added
Back to News Review index page