The approval of two bills advances the country’s legislative intent to align its shipping laws with global standards. India’s shipping sector received a major legislative boost on Wednesday as Parliament passed two landmark bills introduced by the Ministry of Ports, Shipping and Waterways: the Merchant Shipping Bill, 2025 and the Carriage of Goods by Sea...
Tag: Shipping
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Rs. 410-bn Great Nicobar Island transhipment port project invites EOI
Proposed port will have handling capacity of 16 mn containers per year The Ministry of Ports, Shipping, and Waterways would soon invite expressions of interest (EOI) from interested parties for an international transhipment port project to be built at Great Nicobar Island in the Bay of Bengal. The project is anticipated to cost Rs. 410...
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Govt identifies 9 high-impact infra projects under Gati Shakti
MoPSW identified 9 high-impact infra projects of Rs 1,913 crore
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Now a six-lane project to decongest Delhi
To address the ever-growing traffic congestion menace in the capital, the government has decided to decongest the city with a six-lane project worth Rs 28.20 billion.
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Sagarmala will provide infrastructure support for logistics industry
Over the last few years, the Government of India has rightly refocused attention on the shipping and logistics sector, and has recognised it as a key contributor to the development of the country.
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Sagarmala can save upto Rs.40,000 cr per year on logistics spends
The Union Budget of 2017-18 has laid a 25 per cent increase in allocations for infrastructure over last year. There has also been a renewed focus on transportation, development of port infrastructure and its automation.
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We will require 80,000 direct and 1.25 lakh indirect skilled workforce
For instance, out of the 111 identified National Waterways, 106 were conceived in 2016 alone. An assertive Nutan Guha Biswas, Chairperson, Inland Waterways Authority of India (IWAI) is confident that the statutory agency will continue to exceed its performance in 2018.
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NHIDCL-NSDC to train over a 1,000 people under PMKVY
Construction workers in the North Eastern states are being trained to handle equipment used in the construction sector under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY).
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Aviation to become part of multimodal logistics hubs
The aviation sector will now be a part of multimodal logistics hubs in India to promote holistic logistics solutions, Union Minister Nitin Gadkari has said.
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The Union Budget has a progressive outlook
The Union Budget for fiscal 2018 has a progressive outlook and encourages investments with initiatives like affordable housing being given infrastructure status to avail new funding avenues. The Budget has expanded the scope for the capital and bond markets.