Sri Lanka Ports Authority (SLPA) has stated that cargo to and from India accounts for 62 per cent of Colombo port's transhipment business. SLPA's Chairman Priyath Bandu Wickrama said that at present,
Tag: India
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DCI plans to spend Rs 19 bn
In the 12th Five Year Plan (2012-17), Dredging Corporation of India (DCI) has planned a capital expenditure of about Rs 1,972 crore. This includes placing order for two more 9,000 cu m capacity dredgers.
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Essar iron ore berths in Vizag
Essar Ports is looking to secure finances of about Rs 700 crore for developing three iron ore berths at the Visakhapatnam port in the next six months.
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VPT faces delay
Visakhapatnam Port Trust (VPT) may find it difficult to achieve its planned capacity increase to 150 million tonne by 2020 as several port projects are facing delay.
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PPT major port of the year
For its excellent performance in 2012-13, Paradip port has been conferred with the 'Major Port of the Year' award. SS Mishra, Chairman, Paradip Port Trust (PPT),
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KoPT wins award
Among all major ports in India, Kolkata Port Trust (KoPT) has been adjudged as the 'Container Handling Port of the Year,' at the 5th South East Cargo & Logistics Awards 2013 ceremony.
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Report indicates decline in market share of major ports
A report by ICRA shows the market share of non-major ports rose to 42 per cent in 2012-13 from 39 per cent in the previous year because of their efficient operation.
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Pipavav upgrades container infrastructure
In a move that raises the operational capacity of APM Terminals Pipavav, the port authority upgraded its infrastructure with the ability to carry double stack high cube containers.
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Control and ownership norms in FDI
In order to bring more clarity on the issue, the Corporate Affairs Ministry is expected to submit its comments on control definition in the context of foreign direct investment (FDI) deals.
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FDI relaxation in multi-branded retail
The Union government approved the relaxation of the foreign direct investment (FDI) policy on multi-brand retail trading (MBRT), by easing main contentious riders on such money.