Essar Ports said it has received approval from Gujarat Maritime Board (GMB) to handle 15 million tonne of merchant cargo over three years and the company´s
Category: Ports & Shipping
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We will soon form an SPV for port connectivity projects
The state has a long coastline of 720 km, which is almost 10 per cent of India´s coastline. It´s well connected through 18 National Highways and nearly 6,000 km of the railway network.
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We have committed Rs.10,000 cr to Maharashtra´s port infrastructure projects
Maharashtra is the most industrialised state in the country and is one of the prime movers of India´s success story. Like a true leader, Maharashtra has been showing the way to emulate in fields varying from infrastructure to industrialisation and from education to research.
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New bill for model PPP pact in port sector soon
The Centre will table a new bill that will facilitate a model agreement by way of Public-Private Partnership in the port sector.
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Government aims to reduce logistic costs under Sagarmala Project
High logistical cost prevailing in India is the biggest hindrance for Indian businesses on the global level and the Ministry of Shipping will aim to reduce the cost under the Sagarmala Project, said Nitin Gadkari, Union Minister for Shipping, Road Transport and Highways, on the second day of the Maritime India Summit 2016.
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Indian major ports set to install 200 MW renewable projects
In a bid to become self-reliant in energy, the Ministry of Shipping has chalked out plans to install around 200 MW captive (150 MW solar and 50 MW wind) renewable power projects in as many as 11 major ports in India.
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Shipping Ministry’s 3-day summit
In an effort to boost port-led development in the country, Ministry of Shipping is hosting a three-day maritime event in Mumbai between April 14-16. With South Korea as its partner country for this summit, the ministry plans to offer projects worth $19 billion for investment.
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Govt plans 4 new major port projects
The government is planning four new major ports at Tamil Nadu, Maharashtra, West Bengal and Andhra Pradesh at an investment of Rs.32,000 crore under the PPP model.
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Ship repair units see limited benefit
The government's proposal to exempt excise duty on spare parts used for repairing of ship vessels is not expected to benefit domestic ship repair units in a big way amid drying top-lines.
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Govt relaxes cabotage rules to boost transshipment
To promote transshipment at Indian ports, the Shipping Ministry has allowed relaxations in cabotage rules. Cabotage is the transport of goods or passengers between two places in the same country. Transshipment is the movement of goods and containers to an intermediate destination.