Search Result for : Major Ports

The Dollar Business Bureau The Government is expecting investments worth Rs. 15 lakh crore under its ambitious 'Sagarmala' programme - for modernisation and developments of ports. “The Ministry expects Rs.15 lakh crore investments under the ambitious 'Sagarmala' infrastructure development programme,” said Minister of Road Transport and Highways and Shipping Nitin Gadkari after laying the foundation stone for setting up of a National Technology Centre for Ports, Waterways and Coasts (NTCPWC), at IIT Chennai. “We are expecting around Rs.4 lakh crore investment to be made in road connectivity, modernisation and mechanisation of ports and port-rail connectivity. Work worth Rs.2.80 lakh crore has already been started,” he added. Under the Sagarmala programme, the Shipping Ministry has planned to develop Special Economic Zones (SEZs), coastal ...

The Dollar Business Bureau The cargo traffic at country's major ports have witnessed a growth of 3.46% during April-November 2017 period, with the 12 top ports handling 439.66 million tonnes of cargo.  “Major ports in India have recorded a growth of 3.46% and together handled 439.66 million tonnes of cargo during the period April to November, 2017 as against 424.96 million tonnes handled during the corresponding period of previous year,” said a statement by the Ministry of Shipping on Thursday.  During the eight-month period, nine ports including Kolkata, Paradip, Chennai, Cochin, Visakhapatnam, Mumbai, New Mangalore, Kandla and JNPT have recorded a positive growth in cargo traffic. Cochin Port has registered the highest growth of 17.93%, mainly due to surge in the traffic of petroleum, oil ...

The Dollar Business Bureau The Minister of Shipping and  Road Transport and Highways Nitin Gadkari has said that Cruise Tourism is one of the fastest growing components of the leisure industry worldwide, and can be a major growth driver for the Indian economy by generating huge employment opportunities.    Gadkari was speaking at the National Workshop on “Action Plan for Development of Cruise Tourism in India”, in New Delhi on Tuesday. The workshop was also attended by Minister of State for  Culture and Tourism Dr Mahesh Sharma, and representatives of all stakeholder organisations – both from the government and the private sector – including regulatory agencies which deal with issues impacting cruise tourism.  Pointing out that tourism has the highest investment to employment multiplier Gadkari said that on an average, ...

Sreenivasa Rao Dasari After decades of lull in the domestic waterways, the country’s major ports are gearing up to promote coastal shipping thanks to the Sagarmala project and focus of the NDA government. Major ports including Visakhapatnam Port Trust (VPT) have started taking measures including offering incentives to boost cargo transportation using coastal shipping. ICC Shipping Association observes the legislation changes and processes but infrastructural issues are yet to be addressed properly as practised in China, Japan, EU and the US. India still faces a shortage of containers, maintenance support and policy push, said the industry body. Organisations such as Food Corporation of India (FCI) have taken measures to transport food grains using coastal shipping.  India has a long coastline of about ...

Sisir Pradhan In a bid to bring in transparency in the pricing of Stevedoring and Shore Handling operations, the Ministry of Shipping on Tuesday issued a notification to cap the tariffs set for stevedoring and shore handling activities at all major ports from 31st July 2016. It is mandatory for all 12 major ports to display tariffs for these operations on the port website. The ministry has asked all stevedoring agents holding licenses to handle cargo operation at major ports, to switch over to the new stevedoring and shore handling scheme effective from 31st July 2016. According to the new ruling stevedoring agents need to levy charges for stevedoring and cargo handling operations as fixed by the Tariff Authority for Major Port (TAMP). All ...

  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 ...

Sachin Manawaria | The Dollar Business As per the national policy, Indian Ports are aiming at a surplus capacity of above 25% over the projected demand by 2020 to achieve zero-waiting time for the vessels. Helped by increased investment in the sector and economic growth of India, the capacity at the 13 major ports is expected to increase to around 1,459.5 million tonnes by 2020, which is about two times the current capacity. Meanwhile, the capacity at non-major ports is expected to grow faster to around 1,660 million tonnes, up about seven times from the current levels of around 350 million tonnes. The Ministry of Shipping is targeting investment of Rs. 2.77 lakh crore between 2010 and 2020 ...