The Prime Minister reiterated his resolve to build the Visakhapatnam Economic Region into a leading industrial hub. With the expansion of airport infrastructure and the rise of new‑age industries, India envisions Visakhapatnam in Andhra Pradesh as a major growth engine for Asia, Prime Minister Narendra Modi told a 200,000‑strong ecstatic crowd near the port city on...
Tag: Visakhapatnam
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RVNL Secures ₹29.77 Billion NMDC Project for Advanced Iron Ore Hub in Visakhapatnam
The company will oversee the project from concept to commissioning, scheduled for completion within 42 months across a 472‑hectare site. The railway infrastructure major, Rail Vikas Nigam Ltd (RVNL), has been awarded a landmark project by the mining sector leader, NMDC, for the execution of a state‑of‑the‑art buffer stockpiles and blending yard facility at Visakhapatnam,...
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Indian Railways Deploys Humanoid Robot ASC ARJUN at Visakhapatnam for Smart Station Security
Deployed under the Railway Protection Force’s modernisation push, the humanoid robot strengthens station operations in security, passenger services, crowd management and safety awareness. In a first for the Indian Railways, a humanoid robot named ASC ARJUN has been deployed at Visakhapatnam Railway Station to enhance passenger safety, security, and service delivery. The robot was launched...
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AP to invest Rs 9.5 lakh crore in energy sector
Andhra Pradesh signed 42 MoUs in the energy sector during the two-day GIS
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Iron ore shipments up 154percent through Major Ports
Iron ore cargo through Major Ports has logged the sharpest growth among all commodities in the April-December period. Till the end of December, iron ore shipments were up from 12.7 million tonnes (MT) to 32.4 MT, a rise of 154 per cent.
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Turnaround time in Indian major ports is a matter of concern
The current cargo handling capacity of Essar Ports is 150 MTPA. Essar Ports specialises in development and operations of ports and terminals for handling liquid, dry bulk, break bulk and general cargo.
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Iron ore traffic falls by 28per cent at major ports
Iron ore traffic, including pellets, at major ports saw a sharp fall of 28 per cent in financial year 2015-16 as imports declined because of weak demand. Total iron ore cargo fell to 13 mn t from 18 mn t a year ago.
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Stevedores oppose new policy
The announcement by the Centre to introduce a new stevedoring policy in all government-owned ports to allot permits to stevedores and shore handling agents through bids on revenue sharing basis for cargo handling operations has kicked up a ontroversy.
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India to commission 5-mt underground oil storages
India has decided to commission over 5 million tonnes (mt) of underground crude oil storages by October to ensure uninterrupted oil supply to the nation for about two months in the case of disruptions in imports from oil producing countries due to geopolitical reasons.
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Poor hinterland connectivity is affecting speedy cargo movement
Arvind Mahajan, Partner and Head-Infrastructure and Government Services, KPMG Advisory Services Private Limited, interacts with Janaki Krishnamoorthi on the constraints and issues that need to be addressed in the Indian port sector.