Major ports register growth of 3.27% during Apr-Oct
The Dollar Business Bureau The major Indian ports have witnessed a positive growth of 3.27% during first seven months of the current fiscal, with the highest growth recorded by Cochin Port at 17.66%. In terms of commodity, the highest growth was recorded in the cargo of petroleum, oil and lubricants (POL) at 34.07%. “The major ports in India have recorded a growth of 3.27% during the period April to September, 2017 and together handled 383 million tonnes of cargo as against 371 million tonnes handled during the corresponding period of previous year, said a statement by Ministry of Shipping. Out of a dozen major ports, eight ports including Cochin, Kolkata, Chennai, Paradip, Mumbai, New Mangalore, Kandla and JNPT witnessed a positive growth in traffic during the ...
Govt to invest Rs.14,225 cr on various port projects
The Dollar Business Bureau In an effort to level India’s major ports at par with that of its contemporaries across the world, the government on Wednesday announced that it will create additional capacities through development of new terminals and modernisation of existing projects. The Ministry of Shipping will develop 36 projects in the financial year 2015-16 with total investments of Rs.14,225 crores and capacity enhancement by 162 MTPA (million tonnes per annum). In the financial year 2014-15, a total of 26 projects were awarded with an investment of Rs.10,543 crore and capacity enhancement of 155 MTPA. “Currently, the level of mechanisation is not at par as compared with other ports across the world. For e.g. Kolkata Port is only 30% mechanised whereas Kamarajar Port at ...
