June 2017 June 2017
The Government of India ratified the United Nations TIR (Transports Internationaux Routiers) Convention on 19 June 2017, becoming the 71st country to accede to this worldwide Customs transit system, which has the widest geographical coverage. Accession promises to be a boon to India's trade, and contribute to an integrated economy with global and regional production networks.
Tags: India, Customs, Trade Facilitation, Transport, Multimodal Logistics Park, manufacturing, Make in India
The Asian Development Bank and the Government of India have signed a $375 million agreement to develop the 800-kilometer Visakhapatnam (Vizag)-Chennai Industrial Corridor. The agreement includes the first tranche of $245 million, which will develop high-quality infrastructure in Visakhapatnam and Yerpedu-Srikalahasti, a $125 million policy-based loan, and a $5 million grant to build climate change resilient infrastructure.
Tags: ADB, Economic corridor, India, Act East Policy, Make in India, manufacturing
November 2016 January 2016