APM Terminals Pipavav (Gujarat Pipavav Port Ltd), operating one of western IndiaÂ´s gateway ports, today reported its financial numbers for the quarter ended 31st December 2015.
To reduce IndiaÂ´s dependence on Colombo and Singapore ports for handling cargo traffic, the Modi Government is planning to build a mega transshipment hub at a cost of over Rs.5,000 crore. The transshipment hub is expected to come up near Tuticorin in Tamil Nadu around the international trading route.
Despite the Visakhapatnam Port witnessing a three-fold jump in container cargo during the last five years, the project in the port to double the capacity of the container terminal is yet to take off as the Visakhapatnam Port Trust (VPT) is yet to take a decision on the issue.
Regulatory and clearance delays may be necessary evils in infrastructure projects, especially those under PPP. But as N Muruganandam, Joint Secretary, Union Ministry of Shipping, elaborates, the government's ambitious plans of port infrastructure development