Adani inks MoU with L&T to acquire Kattupalli Port
The Dollar Business Bureau Adani Ports and Special Economic Zone (APSEZ) through its subsidiary Adani Kattupalli Port Private Limited (AKPPL), on Monday, entered into an agreement with L&T Shipbuilding (L&T) to acquire the latter’s Kattupalli Port in Tamil Nadu. The strategically-located port has the potential to become the biggest trans-shipment hub in the region. The two operators are waiting for the necessary approval from the government of Tamil Nadu as well as the central government for completing the acquisition process. “The Kattupalli agreement is yet another step by us to continue to enable the development of the port infrastructure that is critical for our country. The Kattupalli port is a strategic complement to our Ennore Container terminal which is getting commissioned ...
Addition of two new ports for import of new vehicles
Dated March 13, 2015 | Notification No.117 (RE-2013)/2009-2014 | S.O.(E) In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.3 and 2.1 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby amends the Import Policy Condition 2 to Chapter 87 of ITC(HS) 2012, Schedule 1 (Import Policy) as under: 2. Kattupalli Port and APM Terminals, Pipavav Port are added to the existing list of 12 ports / ICDs through which import of new vehicles is permitted under Policy Condition 2(II) (d) of Chapter 87 of ITC(HS) 2012, Schedule 1 (Import Policy). Accordingly, Policy Condition 2(II) (d) of Chapter 87 is revised to read as under: ...
