India boosts infrastructure spending.(intermodal transportation)(Brief Article)

India is ramping up investment in its port and inland road and intermodal infrastructure to help accelerate its growth rate and make it more competitive with China. It plans to increase spending on ports and roads by 20 percent in the fiscal year starting April 1, Finance Minister Palaniappan Chidambaram said in his budget speech last week. The government needs to spend $150 billion on roads, railroads and airports in the next seven or eight years to enable the country to achieve its target growth of 7 or 8 percent a …