The Union government has provided Rs 2,000 crore incentives to support the country's sagging exports, Unon Finance Minister P Chidambaram has said. The government's subvention is for clearing its dues to the export sector. Chidambaram told that as much as Rs 1,550 crore would be used to clear existing dues and the remaining Rs 450 crore would go towards interest subvention rate hike from 2 per cent to 3 per cent.
Category: Ports & Shipping
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Mumbai Port to set up marina for yachts
Rajiv Gupta, Chairman of Mumbai Port Trust said the port plans to set up its first marina project to give the yacht owners a secure storage place, especially during monsoon. The marina would be developed on the land-lease model and it is expected to come up on the northern side of the harbour waters, away from the Mallet Bun
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JNPT in the process of selecting firm for Rs 80 bn project
Recently, the authority of Jawaharlal Nehru Port Trust (JNPT) opened the request for qualifications for the Rs 8,000-crore fourth container terminal project. JNPT plans to set up the fourth terminal with a capacity of 2.4 million TEUs or standard truck units and a berth of 2 km, making it among the biggest in the countr
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Port authorities flout norms:CAG
The Comptroller and Auditor General of India (CAG) alleged that the union shipping ministry and some port authorities floated norms and this cost an estimated loss of Rs 1.5 lakh crore. In its report, the CAG found that some port authorities allowed unauthorised agents to carry out onshore operation without sharing royalty with the ports
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Jawaharlal Nehru Port loses place in top 30 list
For a number of years Jawaharlal Nehru Port (JNPT) lost its 30th rank among the world's container handling ports owing to issues like strong competition from ports such as Mundra, Pipava and Hazira and delay in the developing the fourth container terminal. The London-based ĂâContainerisation InternationalĂâ publishes the list of leading 30 container ports. Until now,
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Dawei port project to benefit India
India may get an alternative sea route to Southeast Asia once the Dawei deep sea port in Myanmar, which is being developed jointly by Myanmar and Thailand, is completed. The $8-billion project would reduce dependency on the congested Strait of Malacca and cut transport time for India
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One more seafarers centre at Kandla Port
For the service of seafarers visiting the Liquid Cargo Berths of Kandla Port, one more Seafarers' Centre was dedicated recently. On the Independence Day, on last August 15, the inauguration of the new Seafarers' Centre was done by unveiling of the plaque followed by cutting of the ribbon by the chief guest of the function P D Vaghela Chairman.
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New terminal building at Port Blair Airport by Mar 2018
The Union Minister of State for Civil Aviation KC Venugopal recently told the Lok Sabha that the projected date of completion of new terminal building of Veer Savarkar International Airport at Port Blair is December, 2017 and is scheduled for commissioning by March, 2018.
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Green nod kept in pending for Port Pipavav expansion
A fresh appraisal has been ordered by the National Green Tribunal (NGT) on the proposed expansion of Port Pipavav in Amreli district of Gujarat. The NGT on August 22 kept in abeyance for six months the clearance granted for expansion of Port Pipavav and asked the Union Ministry of Environment and Forests (MoEF) and the Expert Appraisal Committee (EAC) of the State government to conduct a fresh appraisal of the project.
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Abandoned Kozhikode port building to be renovated
The hitherto abandoned 'Port Guesthouse and port office in Kozhikode, owned by the Port Department, which owns the plot and the building, is to renovate by spending Rs 40 lakh. Officials concerned said that a proposal to renovate the building has been sent to the government and it was yet to get a response. The project included converting the building to house the offices of the port conservator and internal vigilance officer and project monitoring officer of the department.