Prime Minister Narendra Modi will soon be heading another body, a port infrastructure development initiative-National Sagarmala Apex Committee (NSAC). The PM´s committee is expected to oversee a company, Sagarmala Development Company (SDC) with the Shipping Minister as its Chairman and the Shipping Secretary as the Co-chairman.
Category: Ports & Shipping
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AP advised to improve capacity of existing ports
The East Coast Maritime Business Summit has cautioned that it is as important to build the supporting infrastructure for speedy cargo evacuation from ports as to build new ports or to add to the capacity of the existing ones, as otherwise ports will merely become stockyards.
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Visakhapatnam Port Trust chalks out Rs.3,000-crore plan
The Visakhapatnam Port Trust (VPT) has outlined a Rs 3,000-crore expansion-cum-modernisation plan aimed at enhancing the port´s capacity by nearly 50 per cent.
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Cargo traffic at major ports up by 5.04% in April-December
Cargo traffic rose by 5.04 per cent to 433.86 mt at 12 major ports during April-December 2014 as compared to the same period of previous year. These Centre-run ports had handled 413.06 mt of cargo during April-December 2013.
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Mangalore Port to mechanise berth
New Mangalore Port Trust (NMPT) has taken up the mechanisation of a berth and the development of another berth, according to PC Parida, NMPT Chairman.
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Sanghi Industries to invest Rs.250 cr in ports
Cement manufacturer Sanghi Industries has said it will invest Rs 250 crore over the next couple of years for developing waste heat recovery system and facilities at Navlakhi Port in Gujarat.
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AP planning to build 14 new ports
The Andhra Pradesh Government plans to construct 14 more ports in the State, Visakhapatnam Port Trust chairman MT Krishna Babu has said.
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Gujarat Pipavav Port Q4CY14 Net Profit up 16%
Gujarat Pipavav Port Ltd (APM Terminals Pipavav), operating one of western India´s fastest growing gateway ports, has reported a 16 per cent jump in net profit for the fourth quarter ended 31st December 2014,
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Pushing for growth
The potential is enormous when you look from a macro perspective. In India only about 20 per cent of organisations look at warehousing services from a supply chain point of view, whereas globally the average is over 60 per cent.
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Govt may slash MAT on SEZs
In what could be a major boost to India´s Special Economic Zones (SEZs), the government is set to reduce the Minimum Alternate Tax (MAT) on Special Economic Zones (SEZ) from 18.5 per cent to 7.5 per cent.