Iron ore traffic, including pellets, at major ports saw a sharp fall of 28 per cent in financial year 2015-16 as imports declined because of weak demand. Total iron ore cargo fell to 13 mn t from 18 mn t a year ago.
Tag: Ports
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Govt targets 120 mt capacity addition in ports
Union Shipping Minister Nitin Gadkari has set an ambitious target of capacity addition at 12 major ports by 120 million tonne in 2016-17. These ports had added the highest-ever capacity of 94 million tonne in 2015-16.
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We are cautiously optimistic about a positive future
At IRClass, in the last 12 months, we have seen growth in our top line. However, the global slump in oil prices, the dip in offshore productions, China´s slowdown, and India´s mining crisis, have inevitably resulted in pressure on industry revenue streams.
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We need an integrated approach towards capacity addition, hinterland connectivity
For a country of Indias size and complexity, where 95 per cent of trading by volume and 70 per cent by value is done through sea, it is very important to develop a sustainable maritime transportation system for economic growth and inclusive development.
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Guj to get Rs.2 lakh cr for infra | Gadkari
Centre will allocate Rs.2 lakh crore to Gujarat for the development of roads and ports during the next three years, Union Minister Nitin Gadkari has said.
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New Bill for PPP projects in ports
The government will table a new Bill to facilitate a model agreement for PPPs in ports. ¨In the next two months, we will have a new model agreement, hopefully by June 30.
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Private participation likely in modernisation of state-run ports
Drawing from the experience of the aviation and highways sectors, the Shipping Ministry is looking at modernising state-run sea ports with private sector support as a first step.
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´Port investments can add 1.4% to GDP growth´
Investments in setting up ports and large industrial cities near them can help push economic growth by up to 1.4 percentage points, Niti Aayog CEO Amitabh Kant has said.
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118 modernisation projects approved
118 projects of port modernisation, worth Rs.53,354 crore have been approved/awarded in the first five years of the 12th Five Year Plan.
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Centre expects Rs.25 lakh crore investment for infra development
The government is expecting investments worth Rs.25 lakh crore over the next three years in roads, railway and shipping infrastructure.