Adani Ports and SEZ Ltd will invest Rs 6,000 crore for the development of the third phase of Mundra Port.
The upcoming capacity expansion of Mundra Port, touted as one of the top multi-purpose ports in the country in terms of traffic, would lead to employment generation for 600 people, sources said.
A holistic development model is required to push the sluggish growth in the ports sector. Looking at the bigger picture, from coal for power & steel plants to crude oil for refineries, ports provide a gateway for the majority of Indian trade.
Mundra port in Gujarat has handled 100 million tonne (mt) of cargo during 2013-14, joining an elite club of global ports that have reached this mark. Mundra also became India's biggest port in terms of cargo handled. Mundra port surpassed Kandla port, located just 60 km away on the Gulf of Kutch in Gujarat, in terms of the amount of cargo handled.
Although the concept of green ports is emerging as a necessary infrastructure solution for ports worldwide, India has to first step up its levels of cargo handling efficiency and logistics connectivity with the hinterland before it can match international standards in the 'greening' processes.
Two public interest litigations (PILs) filed in the Gujarat High Court challenging the construction of a road connecting Adani GroupÂ’s Mundra Port in Kutch district to the National Highway-8A were recently rejected by the court. The villagers of Mundra taluk had challenged the construction of a 9-km-long road.
Kandla Special Economic Zone (KASEZ) has come a long way since its inception. Still, although KASEZ has been the pioneer among SEZs, challenges are plenty in growth and development. Janaki Krishnamoorthi traces the journey of the oldest FTZ in India.
Goutam Adani promoted Mundra port has created a national record on coal cargo handling to 151,229 metric tonnes of steam coal in 24 hours from MV Cape Fushen, Large Cape Vessel, carrying steam coal of Indonesian steam coal of Adani Power Limited (APL).
An India-US Infrastructure Fund that was set up in 2010, but with the US recently lodging a formal complaint against India with World Trade Council on entry barriers to companies, things could be on wait-and-watch mode.
After buying a 50 per cent stake in a container-loading facility at Mundra port in Gujarat in last July, Terminal Investment Ltd SA (TIL) , majority owned by Mediterranean Shipping Co SA (MSC), is looking to expand in India further. Terminal Investment Limited SA (TIL) invests in, develops and manages container terminals around the world. The company was founded in 2000 to secure berths and terminal capacity in the major ports used by Mediterranean Shipping Company (MSC).
After buying a 50 per cent stake in a container-loading facility at Mundra port in Gujarat in last July, Terminal Investment SA, majority owned by Mediterranean Shipping Co. SA (MSC), is looking to expand in India. Terminal Investment, the worldÂ’s sixth biggest container terminal operator, will submit initial bids for building a Rs 8,200 crore container-loading facility at Jawaharlal Nehru (JN) port near Mumbai.