Tag: Union Shipping Ministry

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Govt earmarks Rs 74,000 cr for ports development

Govt earmarks Rs 74,000 cr for ports development

In this current 12th Five Year Plan (2012-2017), the Union Shipping Ministry has decided to earmark Rs 73,793.95 crore for port sector to develop various projects. India has a total of 187 minor ports and 13 major ports spread across its nine maritime states.

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Govts move to give more powers to TAMP opposed

Govts move to give more powers to TAMP opposed

The Union Shipping Ministry's move to give more powers to the Tariff Authority for Major Ports (TAMP) has been opposed strongly by the Planning Commission. The Commission has strongly objected to the move of undermining the provisions of the model concession agreement in determining the performance standards of major ports and linking tariff to the performance of ports. The Commission said this would lead to ambiguity and disputes.

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Vizag vs Gangavaram

Vizag vs Gangavaram

The Visakhapatnam port has improved its performance from the last financial year, but it is still likely to fall short of the target set by the Union Shipping Ministry.

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