
Maharashtra: Feasibility study on water taxi routes in MMR presented; estimated capital cost Rs 2,500 crore
A techno-economic feasibility study for water taxis in the Mumbai Metropolitan Region (MMR) was presented to the state government on Monday with a plan of operating 10 routes totalling 252 kilometers with an estimated capital cost of Rs 2,500 crore.
During the meeting, a discussion was also held on starting additional water taxi routes on Mumbai's Western seafront.
Among the 10 routes proposed in the report include, Narangi – Kharwadeswari near Virar (1 km length), Vasai – Mira Bhayandar– Fountain Junction –Gaimukh– Nagale (16 km), Kalher–Kolshet– Mulund–Aeroli– Vashi– DCT – Gateway (50 km ), Gaimukh-Kolshet– Kalher– Mumbra– Kalyan (31 km), New airport-Belapur-Vashi (14 km), Vasai– Marve– Nariman Point (61 km), Borivali– Gorai– Essel world- Marve- Manori (6 km), Rewas- Karanja- Gateway (19 km), Belapur-Gateway-Mandwa (38 km) and Gateway-Elephanta-Nhava (17 km).
The report was drafted by the Kochi Water Metro and presented to state Ports Minister Nitesh Rane. According to an official present at the meeting, the government has decided to increase the number of routes before going ahead with the Detailed Project Report (DPR).
'The study does not include key Mumbai routes such as Worli, Juhu and Varsova. It will be added and the DPR of this project will be prepared,' the officer said.
Out of these routes, five are projected to be financially viable after 2029 and two would require Viability Gap Funding (VGF) by the government to turn viable.
While Rs 2,500 crore was estimated as the capital cost, for the upgrade of existing water transport terminals, the estimated cost is Rs 5 crore per terminal.
As per the report, by 2031, the realistic number of trips on these routes will 2.44 lakh while in 2041, it will be 3.42 lakh.
Among the civil infrastructure requirements, the study report has listed terminals or jetties with passenger amenities, floating pontoons and gangways, boatyards for vessel maintenance and repairs, night parking and fueling jetties, development of access roads and parking facilities and non-motorised transport (NMT).

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hans India
27 minutes ago
- Hans India
Construction of 71k Indiramma houses completed: Ponguleti
Hyderabad: The Revenue and Housing Minister Ponguleti Srinivas Reddy on Monday informed that the State government has so far completed 71,000 houses. During a review meeting with officials at Secretariat he said that from the set a target of constructing 4.50 lakh Indiramma houses across the state this year (with a cost of Rs 22,500 crore),and so far, sanction letters have been handed over to 2.65 lakh beneficiaries. He said that from 71,000 about three thousand houses have been completed up to the walls and slabs. He said that incomplete double bedroom houses are being allotted to eligible beneficiaries who do not have house plots in the Indiramma survey. He said that it has been decided to take up and complete the construction in the Beneficiary-led Construction (BLC) mode from the current contractor mode. He said that besides providing basic amenities in double bedroom houses, 1.61 lakh incomplete houses were completed at a cost of Rs. 640 crore and allotted to 98 thousand beneficiaries. He said that another 69 thousand houses are incomplete and are in various stages of construction and these will be completed in BLC mode. He instructed the officials to identify the eligible beneficiaries for this and allot them to them and complete this process as soon as possible.


Time of India
28 minutes ago
- Time of India
Flexi cap mutual funds dominate inflows for third straight month. Are investors seeking all-cap advantage?
Live Events Flexi cap mutual funds have emerged as a clear favourite among equity mutual fund investors, topping the inflow charts for the third consecutive month. In May, flexi cap funds once again led the equity inflow chart, continuing the trend seen in March and to the latest data by the Association of Mutual Funds in India ( AMFI ), in terms of inflows , this fund category has consistently outperformed its peers by receiving the highest inflow of Rs 14,998 crore in three attribute this surge in inflows to a trend among investors increasing their preference towards diversified categories, and flexi cap is one such category which does not have any market cap constraints.'This flexibility provided to the fund managers is one of the reasons why they are able to generate alpha comfortably, which is fueling the inflows. Unlike multi-cap funds, which are mandated to invest a fixed portion (minimum 25%) across large, mid, and small-cap stocks, flexi cap funds allow fund managers to dynamically shift allocations based on market conditions,' Chethan Shenoy, Executive Director and Head - Product & Research at Anand Rathi Wealth Limited shared this with a similar opinion, another expert mentions that the investment strategy of flexi cap funds enables them to shift towards safer large-cap names during volatile periods or tap into mid- and small-cap opportunities when conditions turn expert adds that the appeal of this category has been further reinforced by stretched valuations in certain segments of the market and overall investor sentiment staying cautious due to global uncertainties and mixed economic signals.'A slowdown in flows to large-cap funds and increased participation from retail investors appear to be contributing to the rise in inflows to flexi cap strategies. These funds also offer greater scope for alpha generation through active management, which has resonated well with investors amid heightened volatility,' Nehal Meshram, Senior Analyst – Manager Research, Morningstar Investment Research India, shared with cap funds received an inflow of Rs 5,615 crore, Rs 5,541 crore, and Rs 3,841 crore in March, April, and May, are 39 funds in the flexi cap category. According to the inflow data of the last three months, Parag Parikh Flexi Cap Fund , the largest fund in the category based on assets managed, received the highest inflow of Rs 15,863 crore, followed by HDFC Flexi Cap Fund , which received an inflow of Rs 11,660 crore. Quant Flexi Cap Fund received an inflow of Rs 964 crore in the last three months. Shriram Flexi Cap Fund received the lowest inflow of Rs 11.72 crore in a similar time the category having the second-largest AUM of Rs 4.71 lakh crore across all equity-oriented mutual fund categories, Shenoy considers this as retail investors viewing flexi cap funds as a smart choice for diversified equity exposure and active portfolio the important thing is to know how these funds have performed in volatile markets compared to large caps and midcaps. While addressing this, Nehal mentions that during the correction seen between October 2024 and March 2025, flexi cap funds saw a decline of around 31.76%, which was lower than that of mid-cap funds (35.91%) and small-cap funds (39.76%), and only modestly higher than large-cap funds (28.36%) and this relatively lower decline in large-cap funds can be attributed to their exposure to more stable, liquid, and fundamentally stronger companies that typically hold up better during market further adds that with market volatility still elevated and sentiment influenced by global macro developments and domestic valuation concerns, we believe flexi cap funds, particularly those managed by experienced fund managers with strong research frameworks, are well-placed to navigate the current also shared data which showed that the majority of flexi cap funds have a tendency to invest in large cap stocks, and it is indeed a good time to invest in flexi cap funds however, they should not be the sole equity component in the portfolio, as relying entirely on one category can limit data from AMFI further showed that smallcap funds stood second in the inflow chart as the category received an inflow of Rs 11,306 crore in the last three months, followed by midcap funds, which received an inflow of Rs 9,561 crore. Largecap funds received an inflow of Rs 6,401 crore. Dividend yield funds were the last one to receive positive inflows, as the category received an inflow of Rs 171 crore, whereas ELSS funds saw an outflow of Rs 314 crore in the same expert from Morningstar Investment Research India is of the opinion that historically flexi cap funds have exhibited a balanced performance profile during periods of heightened volatility or economic stress, and the flexibility to invest has often resulted in more stable outcomes compared to pure mid- or small-cap strategies, which are generally more vulnerable to sharp drawdowns.'The recent market correction has once again highlighted the advantages of an unconstrained approach, with many flexi cap funds outperforming peers restricted by rigid market-cap mandates. Looking ahead, the category is well-positioned to maintain its relevance amid ongoing macroeconomic uncertainty and the need for active portfolio management,' Nehal the other hand, Shenoy shared the yearly returns by flexi cap funds and its equity peers which showed that on the basis of performance in different time periods, where the market underwent volatility, the flexi cap is one of the most consistent performers from the diversified categories and therefore it is good to have flexi cap in your portfolio up to 5 to 10%, this can help you take exposure across different market caps Anand Rathi WealthFlexi Cap Funds are equity-oriented mutual funds that invest across large-cap, mid-cap, and small-cap stocks. These funds are designed to give the fund manager complete flexibility in allocating investments across market capitalisations , based on prevailing market to the SEBI mandate, flexi cap funds must invest a minimum of 65% of their assets in equity. The remaining allocation can vary, allowing the manager to shift between large, mid, and small-cap segments as opportunities arise. These funds are ideal for investors who have a long-term investment horizon (at least five years) and are comfortable with moderate to high risk. The dynamic nature of these funds allows them to adapt to changing market trends, making them suitable for growth-oriented investors.


Hindustan Times
31 minutes ago
- Hindustan Times
UP Govt to set up ₹700 crore EV park in Kanpur with R&D and logistics connectivity
Under the direction of the Uttar Pradesh State Industrial Development Authority (UPSIDA), the EV Park will act as a large-scale industrial estate focused primarily on the manufacturing and assembly of electric vehicle components (Photo is representational) Notify me The Uttar Pradesh government has announced a significant initiative to establish Kanpur as a global electric vehicle (EV) manufacturing hub. Under the Kanpur Metropolitan Development Vision – 2030, Kanpur will establish a 500-acre electric vehicle park in the Bhimsen area, linking to the dedicated freight corridor. The project will be a Public-Private Partnership (PPP) model with an estimated cost of Rs. 700 crore and will help boost India's developing EV ecosystem. Also Read : India will see spurt in EV manufacturing in upcoming 5 years: PM Narendra Modi EV Park: Infrastructure and scope Under the direction of the Uttar Pradesh State Industrial Development Authority (UPSIDA), the EV Park will act as a large-scale industrial estate focused primarily on the manufacturing and assembly of electric vehicle components. The facility will encompass manufacturing units of essential components, including electric vehicle motors, vehicle chassis, steel structures, and lithium-ion cells. The park will also feature the assembly of battery packs, EV chargers, controllers, and other essential electronics, creating a domestic supply chain for the manufacture of electric vehicles. Dedicated R&D centre One of the key features of the new park will be a cutting-edge research and development (R&D) hub that specializes in technology, particularly conducting research into advanced EV solutions. It is likely to be a key contributor to local industry growth and influence increased adoption of clean mobility technologies in general. Also Read : JSW Group to set up EV manufacturing plant in Odisha, signs deal with govt Economic impact and employment generation The Kanpur EV park is expected to deliver a strong boost to the state's economy. With the development of an integrated EV components cluster alongside the main park, the government aims to empower small and medium enterprises (SMEs) and startups by giving them access to infrastructure and market linkages. This will create new opportunities for local entrepreneurs and generate substantial employment in the region. Strategic location and connectivity Located along a freight corridor, the park has a logistical advantage. With the strength of connectivity with rail and road networks, manufacturers can seamlessly move raw materials and finished products without operational delays and costs at a minimum level, making Kanpur a fundamentally great location for future EV-related investments. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 17 Jun 2025, 06:00 AM IST