High logistical cost prevailing in India is the biggest hindrance for Indian businesses on the global level and the Ministry of Shipping will aim to reduce the cost under the Sagarmala Project, said Nitin Gadkari, Union Minister for Shipping, Road Transport and Highways, on the second day of the Maritime India Summit 2016.
Tag: Shipping
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Govt plans 4 new major port projects
The government is planning four new major ports at Tamil Nadu, Maharashtra, West Bengal and Andhra Pradesh at an investment of Rs.32,000 crore under the PPP model.
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Rs.50,000 cr projs sanctioned for TN
The Centre had sanctioned Rs.50,000 crore for infrastructure projects in the State, said Union Minister of Road Transport, Highways and Shipping Nitin Gadkari.
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Nation´s infra sector gets major Japanese boost
India´s infrastructure - sectors such as roads, metro rail, industrial corridor, shipping and urban development - are set to get a boost with Japan committing
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Nitin Gadkari launches Green Highways Policy
Union Minister of Road Transport & Highways and Shipping Nitin Gadkari has launched the Green Highways (Plantation, Transplantation, Beautification & Maintenance) Policy, 2015. The aim of the policy is to promote greening of highway corridors with participation of the community, farmers, private sector, NGOs, and government institutions.
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Govt eyes Rs.2,500 cr profit from ports in two years
Union minister Nitin Gadkari has said the Centre is targeting a net profit of Rs 2,500 crore from its 12 major ports in the next two years. Shipping and waterways would contribute at least one per cent to the country´s GDP by March 2016, he added.
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Foreign fleet owners may gain
An Indian cabinet decision to decentralise shipping arrangements for import of cargo owned or controlled by government departments and state-owned firms will remove an assured business opportunity for local fleet owners.
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SETTING SAIL
Over the past few years, maritime industry has been the centre of focus for the country´s EXIM trade. Indian ports and shipping play a vital role in sustaining the country´s growth in trade and commerce.
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Gadkari calls for private investments in shipping sector
Union Shipping, Highways and Transport Minister, Nitin Gadkari, has called for more private investments in the shipping sector.
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Chabahar Port to be operational by Dec 2016
India expects the strategic Chabahar Port, which will give sea-land access to Afghanistan bypassing Pakistan