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  01 MAIN
   
   
  02 NEWSMAKER
   
   
  03 INVESTMENT UPDATES
   
   
  04 TRADE AND ECONOMY
   
   
  05 INFOTECH
   
   
  06 FEATURE
   
   
  07 TRAVEL
   
   
  08 CALENDAR
   

   
  HIGHLIGHTS
   
  PM Dedicates Pipavav Shipyard to the Nation
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Ladakh is a land of abounding in awesome physical feature
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  UN pegs India's growth at 8.3 per cent in 2010
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02. NEWSMAKER
PM Dedicates Pipavav Shipyard to the Nation

The Prime Minister, Dr. Manmohan Singh, dedicated Pipavav Shipyard to the nation today. Following is the text of the Prime Minister’s inaugural address on the occasion:

“I am very pleased to participate in this function which marks the dedication of the Pipavav Shipyard to our nation. Some 50 years ago when I was a student at the University of Cambridge I had a very famous teacher Lord Nicolas Kaldor and he often used to say that there is no technical necessity for any social and economic system to do better than another. It all depends upon the character, the mindset and motivation of people who make all the ruling decisions of a nation’s life. And what I have been told by Shri Nikhil Gandhi, I am truly impressed by the commitment to innovation, farsighted vision, commitment to do things the best possible way, commitment to get away from the chalta hai tradition which has often I think held our country back. So with these words I once again congratulate Shri Nikhil Gandhi and the management of Pipavav Shipyard for a massive contribution to nation building activities of our country.

I have often said India is destined to be a major trading nation of the world and if India is destined to be a major trading nation of the world, I think shipping, ship building and management of our ports assume great importance in our scheme of development planning. Therefore I am very happy to learn about the activities of the Pipavav Shipyard and I once again compliment and congratulate all those who are associated with this highly enterprising, innovative shipyard. I understand that the Pipavav Shipyard, which has been set up on the Saurashtra coast of Gujarat, is one of the most modern shipyards in India and I note the commitment of the management to provide our country with the best available shipyards anywhere in the world and I compliment you for this commitment.

This shipyard has been developed to have one of the largest dry dock and wet dock facilities in the world, with the state-of-the-art technology which can be used for construction of vessels relating to oil, gas and defence sectors. I hope this modern facility will set new benchmarks in quality and efficiency for our country.
India is known to have a long coastline and is known also for its maritime heritage. Even today, around 95% of our foreign trade is sea borne. The development of maritime infrastructure – ports, shipbuilding, and shipping, including inland water transport, is therefore of critical importance to the progress of our economy.

This sector also provides substantial employment in the organized sector, and acts as catalyst for rapid development of the hinterland as well.
Our Government has taken many steps to develop this sector and Mr Vasan has summed them up admirably. The National Maritime Development Programme (NMDP) envisages investment of more than Rs. 1 lakh crore. We have recently set up the Indian Maritime University. We have also welcomed private sector participation in major ports, to access much needed funds and technical and managerial expertise. I hope the framework that has been developed will hasten the construction of new ports, and will also improve the maintenance of existing ports and harbours. In addition measures are being undertaken to reduce connectivity constraints being faced by our ports.

The Shipbuilding industry can have a multiplier effect on economic output and also in terms of its contribution to the generation of employment. The Government of India has therefore been supporting the setting up of shipyards. I understand the National Manufacturing Competitiveness Council is working with the Ministry of Shipping to explore fresh ways to enable faster growth of this dynamic sector. In addition, we intend to take measures to greatly expand inland water transport.
I once again congratulate the management and staff of the Pipavav Shipyard as I dedicate it to our nation. I wish the Shipyard all success for the future. You have done exceedingly well. The nation is proud of your commitment to enterprise and I venture to suggest that the best is yet to come. With these words, I once again congratulate the management and the staff.”
'India will be among top-5 civil aviation markets in 5 years'
Source : The Hindu Business Line

Mangalore: The Union Minister of State for Civil Aviation, Mr Praful Patel, has said that the country will be in the top-five civil aviation markets in the world in the next five years. Inaugurating the new integrated terminal building of Mangalore airport here on Saturday, he said that the country's civil aviation sector was not recognised in the world until a few years ago. Today, India is the ninth largest civil aviation market in the world.

“Within the next five years, India will be in the top-five civil aviation markets all across the world. That, I think, is a great achievement in the remarkably short period of time,” he said. Stating that substantial improvements have been made in the civil aviation sector in the country, he said today flying is no more a luxury for the common man.
Mr Patel said that country's infrastructure is undergoing a sea change under the leadership of the Prime Minister, Dr Manmohan Singh. For the first time there is a Cabinet Committee on Infrastructure headed by the Prime Minister. That is why projects were being monitored and implemented on time, he said.

Runway extension
Later in an informal chat with presspersons, Mr Patel said that the runway of Mangalore airport will be extended by another 1,000 ft, from the existing 8,000 ft. Asked when the airport will get international status, he said that one of the requirements for declaring Mangalore as an international airport is the 9,000 ft runway. That is why it has been decided to extend the runway by another 1,000 ft. The work for this will be awarded soon, he said.
The extension of runway is essential for handling larger aircraft to international destinations in West Asia and beyond that. The extension will help bring larger cargo aircraft for import and export out of Mangalore, he said. The Union Government will take a decision on declaring Mangalore as an international airport at the earliest, he added.

Harvard appoints first Indian woman full professor
Source : IBEF
New Delhi: Gita Gopinath, an Indian-origin associate professor, becomes the first Indian woman to be appointed as a full professor at Harvard University's Department of Economics. She has been working in the area of international macroeconomics and finance.
Indian professor named Harvard B-school Dean
Source: The Economic Times
Washington: An India-born professor and IIT alumnus who has long championed a pledge for organizational leaders

Nitin Nohria, Richard P. Chapman Professor of Business Administration, has been named the dean of Harvard Business School.

and managers on the lines of the Hippocratic Oath for doctors to enhance accountability in the corporate world has been named Dean of the prestigious Harvard Business School.

Nitin Nohria, who is currently the Richard P. Chapman Professor of Business Administration at Harvard Business School (HBS), will become the School's 10th dean, Harvard President Drew Faust announced recently.
Nohria is the first Indian, and indeed the first non-white, to become the dean of the 102-year old institution that typically ranks among the top three business-schools in the world.