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Shipping Ministry’s 3-day summit

Shipping Ministry’s 3-day summit

In an effort to boost port-led development in the country, Ministry of Shipping is hosting a three-day maritime event in Mumbai between April 14-16. With South Korea as its partner country for this summit, the ministry plans to offer projects worth $19 billion for investment.

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Odisha wants review of MoU with IOCL

Odisha wants review of MoU with IOCL

Fearing national loss of revenue due to tax concessions given to Paradip refinery of Indian Oil Corporation (IOCL), the Odisha Government has sought review of the MoU with the company.

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Dighi port is the final node of DMIC

Dighi port is the final node of DMIC

As a result of the capacity constraints being faced by the major ports, cargo is diverted to the private ports due to locational advantages, high operating efficiency, superior cargo handling equipment and investment in large capacity creation.

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Container terminal industry has been slow on automation

Container terminal industry has been slow on automation

We have recently signed a Letter of Intent (LoI) with India´s largest Container Terminal Jawaharlal Nehru Port Trust. This announcement was made at a formal event presided by Mr Nitin Gadkari, Union Minister of Road Transport, Highways and Shipping in the presence of Mr Anil Desai, Member of Rajya Sabha in Mumbai.

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Signing of MoU between IIFCL and PFS

Signing of MoU between IIFCL and PFS

India Infrastructure Finance Company Ltd. (IIFCL) and PTC India Financial Services Ltd (PFS) signed a Memorandum of Understanding (MOU) at IIFCL New Delhi, expressing the intent of both parties to strengthen cooperation in co-financing or consortium financing of various infrastructure projects through working together by joint pooling of respective complimentary resources.