For some undisclosed reason, the LuLu group decided to exit the land deal it entered into with the Cochin Port Trust some years ago. According to the deal, the group took 26 acre land on Bolghatty island from the port trust on a 30-year lease.
The port trust leased the land to the group to build a convention centre and associated facilities. However, the group reportedly planned to build 572 serviced apart
Tag: Port
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Lulu group decides to exit land deal with port
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Competition may deepen in port sector
Industry experts feel that the extent of competition in the port sector in India may deepen and broaden further on completion of the ongoing port projects. Major ports in India are facing very keen competition from the neighbouring non-major ports, both in respect of quality of services and in price, they argue
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KCZMA divided on the Bolgatty project
Members of the Kerala Coastal Zone Management Authority (KCZMA) are divided on the issue of whether to allow Emke Group, led by MA Yusuff Ali, to set up the Bolgatty convention centre. The opposing members argue that the clearance should not have been given for a non-port activity in a reclaimed area within a sensitive ecosystem
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Govt must address huge turnaround time of vessels
A study by the industry body Assocham points out that the government must address the issue of the huge turnaround time at ports in India. The huge turnaround time is cited as one of the biggest handicaps logistics service providers have to deal with, the study finds. It also highlights that the development of port infrastructure in India is not on par with other ports across the
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Cargo volume of minor ports in Gujarat rises 11%
During 2012-13, cargo volume at minor and intermediate ports under Gujarat Maritime Board (GMB)
expanded 11 percent to 288 million tonne (mn t) from from 259 mn t in the previous year. There are around 21 functional minor ports under the direct control of the GMB. Cargo handling at APSEZ's Mundra port rose 21 percent to over 82 mn t during 2012-13 compared to the volumes handled a year ago. Simi
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CCI asks agencies to stick to timeline
At a recent meeting, the Cabinet Committee on Investments (CCI) urged security agencies to stick to the 12-week timeline, prescribed by the Cabinet Committee on Security. It may be recalled that earlier, the Cabinet Committee on Security decided to adhere to a 12-week timeline for
providing inputs on port development projects that are delayed owing to pending clearances. Following this, the shipp
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Odisha govt asks NEC to expedite Rs 74 bn project
Odisha government urged Navayuga Engineering Company (NEC) to expedite work on the proposed all-weather port project at Astaranga in Puri district. The company has planned to develop the port at an estimated cost of Rs 7,417 crore, in the first phase, and handle 17.7 million tonne cargo. The state government also directed the concerned officers to accelerate the land acquisition process, both for the
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Odisha govt asks NEC to expedite Rs 74 bn project
Odisha government urged Navayuga Engineering Company (NEC) to expedite work on the proposed all-weather port project at Astaranga in Puri district. The company has planned to develop the port at an estimated cost of Rs 7,417 crore, in the first phase, and handle 17.7 million tonne cargo. The state government also directed the concerned officers to accelerate the land acquisition process, both for the
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NMPT handles 5.09 mn t cargo in 45 days
Between April 1 and March 15, the New Mangalore Port Trust (NMPT) handled 5.09 million tonne (mn t) of cargo, 31.52 per cent higher than 3.87 mn t handled in the year-ago period. The port derived a large portion of its business from Mangalore Refinery and Petrochemicals as it handled 1.92 mn t (1.39 mn t) of crude oil and 1.05 mn t (0.5 mn t) of product cargo for the state-run firm during the above period
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Kakinada old port suffers from poor infrastructure
Sources from the Kakinada anchorage (old) port in Andhra Pradesh informed that the infrastructure facilities need to be upgraded to attract more cargo. It may be noted that the port traditionally depends on rice and maize export cargo and volume of these cargoes declined of late