DP World to Invest Over USD 1bn in India

first_imgzoom Dubai’s port operator DP World is seeking  investment opportunities in India worth over USD 1bn over the next few years, the group said. DP World has already invested capital of USD 1.2bn and is currently the only foreign operator with six port concessions in the country with approximately 30% market share.The DP World investments could cover expansion in brownfield container terminals, long term greenfield container concessions, inland container depots (ICDs) as well as expansion of existing inter-modal rail services for rolling stock.The announcement was made during a visit to New Delhi and Mumbai by Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, who jointly inaugurated the new 330-metre berth at Nhava Shev Gateway Terminal at Jawaharlal Nehru Port.“Being one of the strongest emerging economies in the world, India offers immense potential for growth in the maritime sector. With Nhava Sheva (India) Gateway Terminal, the new 330-metre berth, DP World will contribute even more to India’s growth offering our customers the ability to grow and expand their business,” said Sultan Bin Sulayem.Dubai’s non-oil foreign trade with India has seen a striking 144 per cent growth from 2004 to 2014. By the end of 2014, trade between the two countries amounted to AED 109.34 billion, compared to AED 44.87 billion in 2004. India was Dubai’s second largest trading partner in 2015, with bilateral trade of AED 73.86 billion during the first nine months of 2015.last_img read more

UN relief wing spotlights deteriorating health situation for conflictaffected Ukrainians

According to Stéphane Dujarric, Spokesperson for the UN Secretary-General, at the end of March, the Ukraine Ministry of Social Protection reported that there were nearly 1.2 million registered internally displaced persons (IDPs) across the country. However, difficulties in verifying residence procedures for them are affecting their ability to access to social services.OCHA said there is a high incidence of cardio-vascular disease, mental health and acute respiratory infections. Reportedly, cases of malnutrition and acute diarrhoea are also increasing in non-government controlled areas. The pressure on schools to accommodate displaced children is increasing because of limited number of available teachers and premises, added Mr. Dujarric.Further, OCHA underscored the urgent need for mine risk education as well and humanitarian demining as mines and other unexploded ordnance are increasingly resulting in loss of life. The UN Children’s Fund (UNICEF) highlights that at least 109 children have been injured and 42 killed by landmines and unexploded ordnance in Donetsk and Luhansk oblasts since March 2014.Meanwhile, he said the UN refugee agency (UNHCR) has reported that as of 2 April, the total number of Ukrainians who have sought asylum, residence permits or other forms of legal stay in neighbouring countries has reached 777,000, with the vast majority of them in Russia. Despite the great needs, funding for humanitarian operations remains very low, with only 18 per cent of the $316 million required for 2015 having been funded or even pledged so far. read more

Govt has to curtail its highhanded approach in dealing with farmers

Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedMotion to reverse MMA/ADA rate hike to be tabled in ParliamentJanuary 18, 2017In “Local News”RPA condemns ‘over 600%’ increase in land rent for farmersJanuary 14, 2017In “latest news”Op-Ed: Draconian MMA-ADA rate hike ‘political punishment targeting farmers’ – RamsammyJanuary 18, 2017In “Opinion”,Rice farmers from Region Five (Mahaica-Berbice) have once again expressed their disapproval over the increases in land rental rates by the Mahaica, Mahaicony Abary/Agriculture Development Authority (MMA/ADA), which were announced earlier this year.Rice farmers protested the MMA increases in land rental rates at the Agriculture Ministry on WednesdayOn Wednesday, a group of irate farmers gathered outside the Agriculture Ministry where they vented frustrations over the 2017 hikes. The Agriculture Ministry announced the increase of land rent from $3500 to $15,000 per acre, which represented a 600 per cent increase and land rates from $1000 to $7000. MMA had stated that the fee is implemented so that it can take care of drainage and irrigation.The farmers however clearly stated that they cannot afford the increases, highlighting that the future of their offspring is in jeopardy.“From $1000 an acre we ah pay to over $7000 an acre, is better de Government take back de land and plant um heself; if you can’t plant to survive, you got to make de jail lil bit mo big and abbe ah get mine in de jail… wha de lil child dem gone do when they grow, crime escalate high and higher,” a protester noted. He further vented that these increases are coupled with a rising cost of living.Meanwhile, a farmer from Bush Lot, West Coast Berbice (WCB), expressed similar concerns. He, along with other farmers, noted that Agriculture Minister Noel Holder has repeatedly ignored their calls for dialogue.The WCB farmer also decried the reduced earnings farmers have been receiving for their paddy. “We [are] getting a very hard time with the MMA and Minister for Agriculture. In de MMA scheme you cannot get more than 25-30 bags of paddy,” the WCB farmer expressed.The farmers told the press that while they are receiving $1300 for a bag of paddy, it was noted that manure amounts to $1000 per bag.“They recommend that you got to throw three doses [but] where you gone find this money from,” the WCB farmer pondered.“This Minister not realise what going on with the farmers,” he added.Moments after their demonstration wrapped up, the protesters took their cries to Leader of the Opposition Bharrat Jagdeo at his Church Street office. It was explained that the farmers condemned the “huge increases” in land rent, drainage and irrigation rates, lease fees and Value Added Tax (VAT) on agricultural inputs, equipment and machinery.In a press statement from the Office of the Opposition Leader on Wednesday, it was noted that during the meeting with the farmers and input suppliers, Jagdeo outlined a clear vision “to off-set the challenges confronting farmers and the agricultural sector”.The statement noted that Government has to curtail its high-handed approach in dealing with farmers whose concerns are genuine and legitimate. “The Opposition Leader has committed to reversing all the hardship measures imposed by the coalition Government once the PPP/C returns to office in the near future,” the statement said. Rice farmers from Region Five (Mahaica-Berbice) have once again expressed their disapproval over the increases in land rental rates by the Mahaica, Mahaicony Abary/Agriculture Development Authority (MMA/ADA), which were announced earlier this year.Rice farmers protested the MMA increases in land rental rates at the Agriculture Ministry on WednesdayOn Wednesday, a group of irate farmers gathered outside the Agriculture Ministry where they vented frustrations over the 2017 hikes. The Agriculture Ministry announced the increase of land rent from $3500 to $15,000 per acre, which represented a 600 per cent increase and land rates from $1000 to $7000. MMA had stated that the fee is implemented so that it can take care of drainage and irrigation.The farmers however clearly stated that they cannot afford the increases, highlighting that the future of their offspring is in jeopardy.“From $1000 an acre we ah pay to over $7000 an acre, is better de Government take back de land and plant um heself; if you can’t plant to survive, you got to make de jail lil bit mo big and abbe ah get mine in de jail… wha de lil child dem gone do when they grow, crime escalate high and higher,” a protester noted. He further vented that these increases are coupled with a rising cost of living.Meanwhile, a farmer from Bush Lot, West Coast Berbice (WCB), expressed similar concerns. He, along with other farmers, noted that Agriculture Minister Noel Holder has repeatedly ignored their calls for dialogue.The WCB farmer also decried the reduced earnings farmers have been receiving for their paddy. “We [are] getting a very hard time with the MMA and Minister for Agriculture. In de MMA scheme you cannot get more than 25-30 bags of paddy,” the WCB farmer expressed.The farmers told the press that while they are receiving $1300 for a bag of paddy, it was noted that manure amounts to $1000 per bag.“They recommend that you got to throw three doses [but] where you gone find this money from,” the WCB farmer pondered.“This Minister not realise what going on with the farmers,” he added.Moments after their demonstration wrapped up, the protesters took their cries to Leader of the Opposition Bharrat Jagdeo at his Church Street office. It was explained that the farmers condemned the “huge increases” in land rent, drainage and irrigation rates, lease fees and Value Added Tax (VAT) on agricultural inputs, equipment and machinery.In a press statement from the Office of the Opposition Leader on Wednesday, it was noted that during the meeting with the farmers and input suppliers, Jagdeo outlined a clear vision “to off-set the challenges confronting farmers and the agricultural sector”.The statement noted that Government has to curtail its high-handed approach in dealing with farmers whose concerns are genuine and legitimate. “The Opposition Leader has committed to reversing all the hardship measures imposed by the coalition Government once the PPP/C returns to office in the near future,” the statement said. read more