Mumbai-based Hindustan Port received government approval to receive foreign funds worth Rs 440 crore for investment in downstream companies. The above plan is part of the 14 foreign direct investment (FDI) proposals worth about Rs 1,311.60 crore approved by the government recently based on the recommendations of Foreign Investment Promotion Board (FIPB).
Category: Ports & Shipping
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ABG, PSA for JNPT project
Union Minister for Shipping GK Vasan informed that the world's largest port operator PSA International and the ABG Group would be allowed to bid at the fresh tender for the proposed fourth container terminal project at Jawaharlal Nehru Port Trust (JNPT) as long as they are not blacklisted. The contract given to the above two firms for constructing the 4.8 million tonne container terminal was cancelled as they failed to sign the concession agreement within the stipulated deadline.
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IFC to submit report on Vizhinjam Port project
Agency reports indicate that the International Finance Corporation (IFC) would soon submit the environment impact assessment (EIA) report for the proposed Vizhinjam Port. Part of the World Bank Group, IFC is the largest global development institution focused exclusively on the private sector in developing countries
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Paradip Port awards Rs 210 cr contracts to Mercator
Odisha-based Paradip Port Trust awarded two contracts worth Rs 210 crore to the diversified conglomerate Mercator Group. In a communication to Bombay Stock Exchange, Mercators said the contracts pertain to maintenance dredging of the approach and extended approach channel
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Vizag port to operationalise coal handling unit
Ajeya Kallam, Chairman of Visakhapatnam Port informed that the port authority would soon operationalise the fully mechanized coal-handling facility at its general cargo berth. The mechanized coal-handling facility is intended to provide a lasting solution to pollution. He informed this after hoisting the National Flag on the
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Cochin Port plans CFS to develop Vallarpadam
Kochi Port Trust has reportedly planned to set up
container freight stations (CFS) in order to develop Vallarpadam into a major logistics hub by earmarking 54 acres near the ICTT with private participation. Setting up CFS facilities near ICTT would benefit traders as they can meet all their shipping requirements under
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Mormugao Port explores options to overcome crisis
Mormugao Port Trust in Goa is exploring various options to overcome the financial crisis that it is facing because of a sharp decline in iron ore export cargo. According to reports, the port is planning to reduce the staff strength through Voluntary Retirement Scheme (VRS). But the authority needs to secure the support and c
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Work on Chennai Port connectivity project set to begin
Work on the much-delayed Rs 1,815-crore Chennai Port-Maduravoyal elevated expressway project may begin soon with the state Water Resources Department (WRD) asking NHAI to realign the expressway and proceed work. In places such as Spurtank Road and downstream of Choolaimedu bridge, the WRD asked National Highways Authority of India (NHAI), which is imple
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10 minor ports in Karnataka handle 15.8 lakh t cargo
Reports suggest that around 10 minor ports in Karnataka together handled approximately 15.81 lakh tonne of cargo during 2011-12. These minor ports are Karwar, Belikeri, Tadri, Honnavar, Bhatkal, Kundapur, Hangarakatta, Malpe, Padubidri and Old Mangalore. These ports are under the control of the state government
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DP World takes efforts to attract shipping lines
In the last few years, container terminal operator DP World has been taking efforts to attract foreign and domestic shipping lines to Vallarpadam International Container Transhipment Terminal (ICTT). DP World is attracting shipping lines by informing them about the productivity and performance of the term