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.
Category: Ports & Shipping
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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.
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Cell for Iran´s Chabahar port project
The government has set up a cell to speed work and monitor the setting up of the Chabahar port in Iran within a deadline. The Jawaharlal Nehru Port Trust (JNPT) has nominated four officers for coordinating the work.
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Revival of Goa shipping industry
Union Minister of Shipping Nitin Gadkari announced a series of measures to help revive the shipping industry in Goa and for the development of the Mormugao Port.
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Ban on ZPMC cranes to affect Indian ports
The government decision to deny security clearance to the world´s biggest port crane maker, China´s state-owned Shanghai Zhenhua Heavy Industries Co (ZPMC), to supply cargo handling equipment to Major Ports will have serious implications for the country´s port industry, according to industry executives.
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Gangavaram Port expansion
The Andhra Pradesh state govt has recently cleared the Project Implementation Report for phase-II development of Gangavaram Port at a cost of Rs 1,318.73 crore.
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Kamarajar Port to set up FTWZ
The Kamarajar Port (KPL) will set up a Free Trade and Warehousing Zone (FTWZ) on 100 acre, adjacent to its premises. KPL recently acquired 650 acres from the salt department to take care of its future needs.
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Vizag port operations resumed
The Vizag port has resumed normal cargo-handling operations and is taking steps now to restore some of the damaged installations, according to the Port Chairman MT Krishna Babu.