The government will develop 10 Coastal Economic Regions (CERs) in the influence zone.
Category: Ports & Shipping
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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 IranĂ´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 worldĂ´s biggest port crane maker, ChinaĂ´s state-owned Shanghai Zhenhua Heavy Industries Co (ZPMC), to supply cargo handling equipment to Major Ports will have serious implications for the countryĂ´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.
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Policy measures to boost SEZs
The government is considering policy initiatives such as modifying tax rules and allowing dual use of infrastructure in non-processing areas to incentivise Special Economic Zones (SEZs).