Out of these 112 master plan projects, 39 projects at a cost Rs 205.35 billion are under implementation, a Shipping Ministry official said
Tag: Shipping Ministry
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Haldia Port tops list in ranking on sanitation parameters
The Shipping Ministry has taken initiatives for sustainable, environment friendly, long-term development of ports during the ĂâSwachhta PakhwadaĂâ scheme.
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Ministry discusses new ports policy
The Shipping Ministry has held a consultation meeting with various stakeholders on the policy for Ă´award of waterfront and associated land to port dependent industries in major ports,Ă´ an official statement said.
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Highways, shipping surge ahead on the back of infrastructure push
Union Minister of Road Transport & Highways and Shipping Nitin Gadkari has said that his two ministries have together spent a total of about Rs 4 lakh crore in the past two and a half years as they work towards building world class highways and shipping infrastructure in the country.
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Sagarmala to save up to Rs.40,000 cr/year in costs
The governmentĂ´s ambitious push to port-led development under the Sagarmala project will help in saving as much as Rs.40,000 crore annually in logistics costs by 2025.
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Govt relaxes cabotage rules to boost transshipment
To promote transshipment at Indian ports, the Shipping Ministry has allowed relaxations in cabotage rules. Cabotage is the transport of goods or passengers between two places in the same country. Transshipment is the movement of goods and containers to an intermediate destination.
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Centre to float tenders for Colachel port
The Shipping Ministry will issue tenders by March for the appointment of a consultant for the proposed trans-shipment port of Colachel. Union Transport Minister Nitin Gadkari said Colachel in Tamil Nadu, Sagar in West Bengal and Wadhawan at Dahanu in Maharashtra will be the three new greenfield ports
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Cargo traffic up 3.36%: Official
Buoyed by pick up in demand, IndiaĂ´s 12 major ports saw cargo traffic increase by 3.36 per cent to 499.23 mt in the first 10 months of the current fiscal. These top ports handled 483.01 mt cargo during April-Jan of the last fiscal.
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Rs.50,000-cr port projects in pipeline
The Shipping Ministry is overseeing 33 projects worth Rs.32,000 crore, while 45 projects with an investment of around Rs.18,414 crore are under operation, Parliament was informed in late February.
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Shipyard industry gets infra status
The government has granted infrastructure status to the shipyard industry in a boost to its Make in India initiative. The move is expected to bring down borrowing costs for the industry. At present, companies pay average interest of 14-15 per cent on their borrowings.