Union Shipping Minister Nitin Gadkari has urged the United States (US) to invest in development of new ports and construction of new berths/terminals in the existing ones.
Tag: Shipping
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Mandaviya takes over as MOS
Mansukh Lal Mandaviya has assumed the charge of Minister of State, Ministry of Road Transport & Highways and Shipping from July 11, 2016. He is a BJP MP (Rajya Sabha) from Gujarat.
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Govt plans transparency in shipping, logistics
The government might soon propose amendments to the Multimodal Transportation of Goods Act, 1993. The aim is more transparency in the shipping and logistics sectors and to discourage container freight stations from overcharging both importers and exporters, said two government officials with direct knowledge of the matter.
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PM wants ministries to chalk out plan for better movement of coal
Prime Minister Narendra Modi has reportedly asked the ministries of coal, railways, shipping and power to work out a plan for better movement of coal though coastal and inland waterways and present the policy on the same to the cabinet.
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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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Major ports handle 603.37 mt in FY16 | Govt
Total cargo handled by major ports increased by 4.3 per cent to 606.37 mn t last fiscal as against 581.34 mn t in 2014-15, Parliament was informed.
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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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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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Funding National Waterways
India has remarkable potential of 14,500 km of navigable waterways. However, only 4,300 km comprising five waterways have been designated as National Waterways. Realising the exponential growth in this sector in the coming years, the government in the year 2016 has, under the National Waterways Act 2016, declared an additional 106 inland waterways which brings the total number of National Waterways to 111.