To bolster port development, the Centre plans to set up a Railway Corporation exclusively to build rail connectivity to 12 major ports.
Category: Ports & Shipping
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Well-developed infrastructure is key to development
Well-developed backward and forward infrastructure is essential for manufacturing. Building a high class infrastructure is crucial to spur growth in manufacturing sector and enhancing the competitiveness of this sector in India.
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Maharashtra puts port projects on fast track
Maharashtra Chief Minister Devendra Fadnavis has pushed two big port projects in the State. He is committed to investing in a railway connection for JSW Steel´s Jaigad port and laid a foundation stone of the much-delayed private port.
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Jal Marg Yojna to boost shipping sector
To revive the shipping industry, the government has decided to launch the PM Jal Marg Yojna and projects for setting up dry and satellite ports, besides converting riverways into waterways, the Rajya Sabha has been informed.´
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Government plans big push for coastal shipping
The government is mulling over a scheme to promote coastal shipping. According to the proposed plan, a subsidy of Rs 0.5 per tonne per km on bulk cargo, a rebate of Rs 2,000 per container for container cargo and an additional 20 per cent rebate on vessel/cargo-related charges would be offered.
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Vallarpadam emerging as hub for empty containers
Shipping lines have started using Vallarpadam Terminal as a transhipment hub for empty containers.
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Private terminals get a boost
The government is seeking to shore up investor confidence in the ports sector by agreeing to allow private firms setting up container terminals to change their cargo profile either permanently or as a stop-gap measure to deal with circumstances that have rendered their facilities idle.
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Sagarmala project: Coastal economic zones coming up
The government will develop 10 Coastal Economic Regions (CERs) in the influence zone.
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MbPT to set up Rs.4,000-cr terminal
Mumbai Port Trust (MbPT) is planning to develop an LNG terminal worth Rs 4,000 crore on the outskirts of the city to complement its liquid cargo handling business
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LoC to Gambian port
India is planning to extend a line of credit (LoC) to The Gambia to expand and upgrade its Banjul port. The West African nation has already received a $45 million LoC. Pending due-diligence, an in principle approval for credit to The Gambia has been granted.