Adani Ports and Special Economic Zone of the Adani Group has completed acquiring 97 per cent stake of Marine Infrastructure Development
Category: Ports & Shipping
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GMR to build greenfield port at Kakinada
GMR Infrastructure has been awarded a greenfield commercial port at Kakinada.
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AP to acquire land for Masula port
The Andhra Pradesh government has geared up to acquire land for the proposed sea port in Machilipatnam.
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India plans to make Chabahar Port operational by 2019
According to a government statement, India will make sure that Chabahar Port in Iran becomes operational by 2019.
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ĂâWe have plans to go public by 2021Ăâ
His company has outlined a whopping Rs 88 billion expansion plan that will take cumulative strength of its ports from 75 mtpa to 200 mtpa by 2021.
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Sagarmala will provide infrastructure support for logistics industry
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.
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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.