Union Minister for Road Transport, Highways and Shipping, Nitin Gadkari has said that the government is planning to develop automobile clusters near port areas. He said that port-led development under the Sagarmala project is expected to attract Rs 12 lakh crore worth of investment.
Category: Ports & Shipping
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Vishakhapatnam Port poised for expansion
Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Nitin Gadkari inaugurating several projects during a recent visit to the port.
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Waterways infrastructure underutilised, says CAG
According to government watchdog Comptroller and Auditor General of India (CAG), infrastructure created at a cost of Rs 284 crore for three of the National Waterways has remained underutilised.
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Concor inaugurates port side container facility
Container Corporation of India has inaugurated port side container facility at Krishnapatnam Port. The company had earlier entered into a MoU with the Government of Andhra Pradesh to initiate three Multi-Modal Logistics Parks in Visakhapatnam, Krishnapatnam and Kakinada.
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Chennai Port takes up projects worth Rs.200 cr
The Chennai Port Trust has taken up six projects at a cost of over Rs.200 crore to strengthen its capacities and to brace up for competition from neighbouring ports.
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Global port majors in talks to buy Ocean Sparkle
Denmark´s Svitzer, Japan´s K Line and Australia´s Qube Logistics are among the strategic investors in talks with Hyderabad-based Ocean Sparkle to acquire a controlling stake in the company, in a deal valuing the Indian shipping firm about $450-500 million.
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Chabahar port may become operational in 1.5-2 years |Govt
Commercial operations at the Chabahar port are expected to start in the 18-24 months, which will provide India increased connectivity to Russia and North Baltic countries, among others, Minister of State for Shipping P Radhakrishnan informed the Parliament.
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Essar Ports invests in expanding Hazira
Essar Port is investing Rs.750 crore to enhance the capacity of its Hazira terminal to 50 million ton per annum from 30 million tons.
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Adani Ports to complete terminal
Adani Ports and Special Economic Zone (APSEZ) Ltd aims to complete expansion of Adani International Container Terminal Pvt. Ltd (AICTPL) at Mundra port by 2017 to create a transhipment hub for the Middle East, South Asia and India.
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Gadkari urges US to invest in ports sector
Union Shipping Minister Nitin Gadkari has urged the United States (US) to invest in development of new ports and construction of new berths/terminals in the existing ones.