Over the last few years, the Government of India has rightly refocused attention on the shipping and logistics sector, and has recognised it as a key contributor to the development of the country.
Category: Ports & Shipping
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Multimodal transport plan will reset India’s logistics sector
Nandan Yalgi, Managing Director, Boxco Logistics India Pvt Ltd, lauds the efforts of the Ministry of Shipping in launching port-led development projects that will eventually bring down logistics costs across the country.
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Sagarmala can save upto Rs.40,000 cr per year on logistics spends
The Union Budget of 2017-18 has laid a 25 per cent increase in allocations for infrastructure over last year. There has also been a renewed focus on transportation, development of port infrastructure and its automation.
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Port of Opportunities!
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.
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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.