Asian Development Bank (ADB) has shown interest to back an industrial corridor along the coast of Andhra Pradesh, giving a confidence boost to the state as it prepares for a new life without Telangana and Hyderabad.
Tag: Ports
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Exporters to enjoy 50 per cent freight subsidy
Exporters are likely to enjoy a subsidy of up to 50 per cent on total freight charges paid on shipment of merchandise through ports outside Odisha. The draft export policy says the state government will reimburse up to 50 per cent of the cost
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Healthy berths
Major ports in India are endeavouring towards implementing the Environmental Management System so as to streamline their policies to enhance its overall development. Today, a majority of private players enable seamless movement of cargo from ports to and from CFSs to various first and last mile destinations within the country.
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L&T to raise funds for its infra unit
To raise capital for its L&T Infrastructure Development Projects, the unit that builds roads, ports and other infrastructure, Larsen and Toubro (L&T), IndiaÂ’s biggest engineering company, is in talks with investors. The company is considering raising money from investors including sovereign and infrastructure funds by March.
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Kerala spots 8 areas for port development
The Kerala government has identified eight areas for the development of ports in the state and sought urgent aid from the Union government for the ports development. The State Fisheries and Ports Minister K Babu highlighted the issues at the 15th meeting of Maritime State Development Council (MSDC) in Bangalore recently.
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Ports to fix market rates for their services
The Union government will allow the trusts that run the 12 ports owned by the Union government to raise rates for port services every year based on market conditions if they adhere to certain performance standards. For this, the Union Shipping Ministry is working out on a plan.
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Modalities for Infrastructure Trust Fund within a month
To accelerate the flow of long-term funds into various projects in areas such as power, roads and ports, the Union Finance Ministry may put in place within a month the modalities for a new structure of the Infrastructure Trust Fund, the Ministry stated. The proposed fund is expected in the nature of REIT (Real Estate Investment Trust), which are prevalent in many countries like Singapore.
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Illegal iron ore exports through ports to be probed
The Karnataka government has taken more initiative to probe into the illegal iron ore mining and export through ports in the state. A special court is to be established to try the cases related to the illegal iron ore mining. The Chief Minister Siddaramaiah will soon form a cabinet sub-committee to monitor and oversee all investigations.
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Container traffic dips in Seattle, Tacoma ports
The combined container volume of Seattle and Tacoma ports in August was 2,96,28,920-foot-equivalent units, declining 5.5 per cent from 313,602 TEUs in August 2012, say media reports.
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AP bandh hits work at Kakinada ports
Agitation demanding the Centre to keep Andhra Pradesh united has hit operations at the two ports — the old anchorage port and also the new deepwater port in Kakinada in the coastal area of the state. On Septebmber 24, a bandh call was given by AP NGOs’ Association and the joint action committee for preserving the unity of Andhra Pradesh.