With an outlay of Rs 1,773 for the year 2017û18, the government has set the ball rolling for the port sector. To promote port-led development in India, Rs 600 crore has already been allocated for the Sagarmala Programme.
Category: Ports & Shipping
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We are implementing projects worth Rs.7,000 crore
Considerable investments are planned through private sector participation in addition to investments through internal resources of VPT for port modernisation in the major thrust areas of deepening of channels and berths, development of new berths, modernisation and mechanisation of existing berths and improvements in connectivity and other logistics such as multi-model logistic parks, said MT Krishna Babu, Chairman, Port of Visakhapatnam.
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Krishnapatnam Port offer deepest draft on the East coast of India
Krishnapatnam Port, the countryÂ’s largest all-weather; deep water port on the east-coast of India, in its quest to become best port globally has increased its draft for container terminal to 16 meters. With the new milestone, Krishnapatnam Port Container Terminal now shares the honor of being one of the deepest draft container ports on the east coast of India.
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WorldÂ’s Biggest Ship Recycling Yard Receives JICA
Japan International Cooperation Agency (JICA) signed an agreement with the Government of India to provide Official Development Assistance (ODA) Loan of approximately Rs 500 crore for upgradation of environmental management for ship recycling in Gujarat.
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SCI awarded “The Coastal Shipping Operator of the Year 2017”
The Shipping Corporation of India Ltd (SCI) received an award from Maritime Gateway as “Coastal Shipping Operator of the Year – 2017 in recognition of its service to the customers and Nation through coastal operations beyond commercial considerations thereby contributing to the cause of promoting coastal shipping.
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We will invest Rs.7,000 crore in port expansion
We have designed this port for the future, keeping in mind the volumes of inbound and outbound trade (that) is likely to happen. Our plan is to bring a Valemax-size vessel which can carry 400 thousand tonnes of iron.
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‘Work on Iran’s Chabahar Port is progressing fast’
The work on Chabahar Port in Iran, where India will invest $500 million, is “progressing fast” and the country has already formed a global port company there, according to Union Minister Nitin Gadkari.
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Haldia Port tops list in ranking on sanitation parameters
The Shipping Ministry has taken initiatives for sustainable, environment friendly, long-term development of ports during the ‘Swachhta Pakhwada’ scheme.
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APM Terminals Pipavav handles 100,000th auto unit
APM Terminals Pipavav has reached a milestone of 100,000 automobiles handled at the portÂ’s Roll On-Roll Off (Ro/Ro) facility, 20 months after commencing auto-loading and discharging operations. Ro/Ro services were introduced at the port in August 2015, after NYK Auto Logistics India (NALI) invested in a state-of-the art stock yard and pre-delivery inspection facility.
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Essar PortsÂ’ cargo traffic grows by 25percent in FY 2016-17
EssarPorts, which operates port terminals on the east and west coasts of India, hasrecorded a 25 percent growth in cargo traffic in FY 2016-17.