The meandering course of the Indian ports sector, the backbone of the countryĂÂŽs trade and commerce, has long been raising alarms. There are no two views about the importance of ports and their contribution in sustaining the growth and development of the economy.
Tag: Maritime Agenda
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Portal of Economic Growth
The Maritime Agenda envisages plans for creation of port capacity of around 3200 MMT for handling the expected traffic of about 2500 MMT by 2020. However, in order to scale up this capacity
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Ports on the Go
Achieving the targets of the Maritime Agenda of the Shipping Ministry seems ambitious. The installed capacity in FY14 was 1,400 million tonne (MnT), i.e., 800 MnT for the major and 600 MnT for the non-major ports.
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Relax rules and regulations without losing control: Experts
It's time for action now, they say. The sector has held promise in attracting investments, both domestic and foreign. But clearances, infrastructure and other bottlenecks continue to slow the pace of implementation down.
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Revenue model needs to change
In the revenue sharing model, an investor who is investing in the port project should also get some comfort level in the initial years, says Umesh Grover, Group Executive Director, Shipping & Infrastructure, SKIL Infrastructure. There has to be a gestation period but as the cargo increases, the proportion of revenue share should also be increased.
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Govt completes only 82 projects under NMDP
Till December 2012, only 82 of the 276 projects for increasing capacity and modernisation at 12 major ports were completed under the National Maritime Development Programme, official data shows. While the government abandoned some projects under the programme, a large number of the total projects have been delayed. Besides, scores of them are still at the planning stage
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Seeking for a revival
With the Union Budget 2013 announcement is approaching, industry stakeholders are seeking government support for a possible revival of their respective industry segment. Ami Mistry, Dhruba Purkayastha, Mohit Sinha and Prithweesh Ghosh present an insight into the current status of critical infrastructure segments and recommend some urgent steps needed in the coming Budget.
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India welcomes Germany to invest in shipping sector
During his talks with a high-level German delegation, Union Shipping Minister GK Vasan asked German firms to invest in the shipping sector. Recently, a delegation led by Parliamentary State Secretary of the German Federal Ministry of Economics and Technology, Hans-Joachim Otto called on Vasan
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It is always important to have a perspective planning
We look at bringing in efficiencies at all levels in the supply chain and this is a continuing process,
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The Port Paradocks
Cargo growth at Indian ports was subdued in 2011-12 with total throughput registering a 5 per cent year-on-year increase to 930 million tonnes,
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