SHIP-BREAKING HITS ROUGH WEATHER
Article Abstract:
The Indian ship-breaking industry is in dire straits due to tough competition posed by Bangladesh, Pakistan and China whose ports have attracted most of the old vessels brokered in the London market. As on June 15, 1998, India's ship purchases went up by just 12 percent compared to the purchases of Bangladesh which exceeded 100 percent and purchases of China and Pakistan which increased by more than three times over the purchases in 1997. In 1997-98, only 84 ships were broken at Alang in Gujarat, where 95 percent of the country's ship-breaking take place. The industry has been affected mainly due to depreciation in the rupee value, 30 percent surcharge on finance for import, high costs involved in ship-breaking and sluggish domestic market. Ship purchases have also gone up by nearly 5 percent due to the recent four percent special additional duty (SAD) imposed on imports. The growth has also been curtailed by the 30 percent surcharge announced by the Reserve Bank of India on interest against any finance for import. The interest rate is at around 20- 22 percent for Indian ship-breakers. (gsh)
Comment:
India: Ship-breaking industry is in dire straits due to tough competition from Bangladesh, Pakistan & China
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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IT'S NOT SHEER GARBAGE!
Article Abstract:
The volume of garbage in urban India is increasing. The Environment Action Programme has attributed this rise to the lack of proper waste management practices. Now, Mumbai generates 5,800 tonnes per day (tpd) of garbage, Delhi 3,880 tpd, Madras 3,500 tpd, Calcutta 3,500 tpd, Ahmedabad 1600 tpd, Bhopal 500 tpd, Gwalior 360 tpd and Pondicherry 270 tpd. The amount of uncollected waste in major cities is around 80 percent, with Calcutta having a waste of 127,750 tpd per annum and Mumbai 292,000 tpd per annum. About 80 percent of the Indian city garbage consists of bio-degradable wastes (25 percent in the wastes in USA). In India, the per capita waste is around 400-500 grams per day which is 50-55 percent moisture, 35-45 percent fruits, vegetables, food biomass and 8-15 percent inorganics such as plastic, metal, glass and stone. A large part of the garbage is soft and succulent with low calorific value of 800-1,400. The cities will have to either control aerobic composting by using micro organisms or adopt vermiculture to control the rise in the quantity of garbage. (ag)
Comment:
India: Volume of garbage in urban India is increasing
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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KARNATAKA, TATAS MOVE TO REVIVE AIRPORT PLAN
Article Abstract:
The officials of Government of Karnataka have met the chairman of Tata group to revive the Bangalore international airport project. The draft memorandum of understanding (MoU) is ready for the extension of the present MoU which is expiring on September 30, 1998. The airport project is estimated to cost Rs1,500 crore. The Tata group is likely to review the feasibility report as the HAL airport will continue to be used for smaller aircraft. It will negotiate the cost of 2,300 acres of land. (rk)
Comment:
India: Officials of Govt of Karnataka meet chairman of Tata group to revive Bangalore intnl airport project
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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