Vizhinjam Port: Kerala government, Adanis to ink pact on August 17, 2015
Source: PTI Taking a major step forward on the state's ambitious Rs 7,500 crore Vizhinjam deep sea port project, Kerala government and Adani Ports decided to sign the construction agreement on August 17. The decision was taken at a meeting by Chief Minister Oommen Chandy with Adani Ports Officials, including the company's Executive Director Karan Adani. It was also decided to start the construction work on November 1, the state's formation day, Ports Minister K Babu told reporters after the meeting. Karan Adani said that even though the construction period is four years as per the agreement, the company plans to complete the work in two years. Babu said that the CM would write to Prime Minister Narendra Modi ...
Role of Private Ports in Nation Building
The past few years have seen a weak world economy and not much growth in terms of international trade. This has meant a difficult time for the Indian port sector, especially major ports. During FY2009-10 to FY2013-14, while traffic at non-major ports grew at a CAGR of 10%, major ports witnessed a decline in traffic. This fall can be avoided with the Indian government coming to the rescue of the ports sector. Mr. Rajbir Singh Bhadana, Commodore (Retd), Group Chief Operating Officer, RAS INFRAPORT PVT. LTD. Capacity at major ports has not seen much growth either. In some instances, traffic has been severely impacted by the decision to ban iron ore exports. While some big capacity augmentation projects have been ...
