Low Occupancy on Secunderabad-Nagpur Express Interlinking Rivers (ILR) to Boost Business SpiceJet Raises Rs.3,000 Crore Via QIP India’s Exporters Face Freight ChallengesThe Secunderabad-Nagpur Vande Bharat Express, despite offering a fully air-conditioned journey with 20 coaches, including executive class, has seen extremely low passenger response. Only about 240 out of 1440 seats are occupied daily on Train No. 20102, leaving railway authorities concerned, especially considering the high demand for other Vande Bharat Express...
more... trains from Secunderabad. If demand doesn't improve, the number of coaches might be reduced to 8, decreasing the seating capacity to over 500. The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. Meanwhile, India's Interlinking of Rivers (ILR) projects, worth Rs.2 lakh crore, are expected to offer significant business opportunities for EPC companies over the next four years. Four key priority river links, including Godavari-Cauvery and Ken-Betwa, are set to generate substantial economic growth. SpiceJet successfully raised Rs 3,000 crore through a Qualified Institutional Placement (QIP), with strong interest from prominent institutional investors like Goldman Sachs Singapore and Morgan Stanley Asia. This funding will be used to operationalize grounded aircraft and acquire new planes. India's exporters are facing challenges due to high freight rates, container shortages, and limited shipping space. While rates have dropped slightly, they remain high, with rates to the U.S. between $4,300 and $4,500 per TEU and rates to Europe between $3,000 and $3,200 per TEU.
Secunderabad se Nagpur jaane wala Vande Bharat Express, 20 coaches ke saath, air-conditioned journey de raha hai, par usko passengers ka support nahi mil raha hai. Train No. 20102 mein, 1440 seats mein se sirf 240 seats hi daily book ho rahi hain. Railway authorities ko yeh baat chinta kar rahi...
more... hai, khass karke jabki Secunderabad se Bengaluru, Chennai aur Visakhapatnam jaane wala Vande Bharat Express trains mein bahut demand hai. Agar demand nahi badhti hai, to coaches ki number 20 se 8 kar diya jaayega, jisse seating capacity 500 seats se kam ho jaayegi. 14th RAHSTA Expo, India Construction Festival ka part, 9 aur 10 October, 2024 ko Mumbai ke Jio Convention Centre mein hoga. India ke ambitious Interlinking of Rivers (ILR) projects, Rs.2 lakh crore ke, agle chaar saal mein EPC companies ke liye bahut business opportunities laane waale hain. Chaar key priority river links, Godavari-Cauvery aur Ken-Betwa sahit, bahut economic growth laane waale hain. SpiceJet ne Qualified Institutional Placement (QIP) se Rs 3,000 crore uthaye hain, aur Goldman Sachs Singapore aur Morgan Stanley Asia jaise prominent institutional investors ka strong interest tha. Is fund ka use grounded aircrafts ko operationalise karne aur new planes kharidne ke liye kiya jaayega. India ke exporters, high freight rates, container shortages, aur limited shipping space se jhujh rahe hain. Freight rates thoda kam hue hain, par abhi bhi bahut high hain, US ke liye $4,300 se $4,500 per TEU aur Europe ke liye $3,000 se $3,200 per TEU.
