Kamarajar Port Ltd (KPL), the erstwhile Ennore Port Ltd (EPL), said the port would attract Rs 9,286 crore worth investments for implementing various planned projects.
Category: Ports & Shipping
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IWAI exploring various funding options
The Inland Waterways Authority of India (IWAI) is exploring various funding options to take up development work of inland waterways once Parliament passes the Inland Waterways Bill.
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JSW modernises Jaigarh Port to handle capesize ships
JSW Jaigarh Port achieved another significant distinction on April 17th , 2015 by becoming the first port on the Coast of Maharashtra to berth a capesize vessel, MV Indian Friendship (200000 DWT)
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Steps for ease of doing business in SEZs
Seeking to improve ease of doing business in SEZs, the Commerce Ministry has permitted units in these zones to send goods for purposes such as repair and maintenance to outside market or abroad on a selfattestation basis.
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Centre initiatives for ship repair industry
Government has taken steps to promote ship repair industry in India which include:
Service tax exemption granted by the Central Government for repair of foreign going vessels by Indian shipyards to reduce operational costs of ship repair units
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Govt moves for execution of National Waterway Project
An office has been opened in Bhubaneswar for the development of National Waterway No 5, in March, 2015 which will coordinate with all the stakeholders, including the State Government.
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Vessel sharing pacts exempted from CCI purview
The Ministry of Corporate Affairs vide notification dated 05.02.2015 has exempted the Vessel Sharing Agreements of Liner Shipping Industry from the provision of Section 3 of the Competition Act, 2002 for a period of one year from the date of publication of notification in the official gazette, in public interest.
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Govt´s steps to boost shipping industry
In order to boost the shipping sector, the Union Government has taken several initiatives, such as facilitating the development of new ports
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Govt´s incentives for coastal shipping
Shipping Ministry released detailed guidelines for implementing a financial scheme to incentivise shifting some portion of the cargo now carried by rail
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Rise in Kolkata port traffic
The Kolkata Port Trust has reported an over 12 per cent growth in traffic to approximately 46.3 million tonne (mt) for FY15