The Public Accounts Committee (PAC) of Andhra Pradesh government asked the state government to conduct a socio-economic survey in the areas where ports are proposed to be set up. Specifically, the committee wants the government to study the kind of dislocation that might cause to the local people because of port projects and if rehabilitation was
Tag: Ports
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CAG report finds fault with port development in Maharashtra
According to a recent report by the Comptroller and Auditor General (CAG), the Maharashtra Maritime Board failed to prepare any comprehensive plan with a long-term vision for minor ports in the state. The report on General and Social Sector, which was tabled in the state legislature, shows that the maritime board is developing the ports in the state in an ad-hoc manner owing to lack
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Ministry lines up steps for shiphuilding sector
In order to promote shipbuilding industry, the union shipping ministry has lined up measures which include providing cheap loans to the firms, PK Sinha, union shipping secretary said. The shipping ministry has requested the finance ministry to give an interest subvention scheme for the shipbuilding industry as the sector grapples to attract com
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Infrastructure sector faces funding constraints
Industry players complain that most sources of funding like private equity, capital market, bond issue, bank credit for infrastructure companies have dried up because of high risk perception in the sector. According to Suneet Maheshwari, MD & CEO, L&T Infrastructure Finance, private equity has been scarce and the capital market does not favour infrastructure comp
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Experts suggest ports to spend on dredging
Experts suggest that Indian ports need to increase their draft by spending on dredging activity. As vessels get bigger, to reduce the unit cost of transportation, it becomes important for ports to have deep drafts to enable larger vessels to call on them, experts argue. Some firms like Adani Port and SEZ invested significantly in dredging equipment to maintain the channel depth. Ports under the central government spen
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Karnataka govt seeks nod for 11 rail projects
In a letter to Railways Minister PK Bansal, Karnataka Chief Minister Jagadish Shettar requested approval for 11 new railway projects for the state. He informed the minister that the state government has already conveyed its willingness to provide land free of cost and share the cost of construction of the projects on a 50:50 basis. These projects include Tumkur-Kunigal-Maddur; Tiptur-Dudda; Gada
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Exports grow 0.8% in January
During January 2013, India's exports expanded marginally by 0.8 percent to $25.6, ending eight straight months of decline. During the same month, imports grew 6.1 percent to $45.6 billion, data from the union commerce ministry shows. It is learnt that that marginal rise in exports is in line with the trend of the pace of contraction slowing down ove
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Exports grow 0.8% in January
During January 2013, India's exports expanded marginally by 0.8 percent to $25.6, ending eight straight months of decline. During the same month, imports grew 6.1 percent to $45.6 billion, data from the union commerce ministry shows. It is learnt that that marginal rise in exports is in line with the trend of the pace of contraction slowing down ove
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Railways to woo pvt firms to set up terminals at ports
Railways has drawn up a new policy draft to attract private players for setting up rail terminals at ports and sought suggestions from prospective investors before finalising the draft. The policy entails the framework of guidelines for development of rail terminals and associated logistics facilities for cargo handling and other value added services at privately developed ports.
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Railways to attract Rs 50 bn pvt capital for port linking project
In the next five years, Indian Railways plans to improve rail connectivity to ports across the country by attracting private investment of around Rs 5,000 crore. The plan is expected to address bottlenecks in rail linkage to key ports in the country. In this regard, the railw