Can Roy curb cartelisation at Paradip Port?
Sisir Pradhan | The Dollar Business The highly unionized environment at the port has so far halted or delayed mechanization work. Another challenge for Paradip is rising clout of ports controlled by Adani Group on the East Coast Paradip/New Delhi: Rinkesh Roy, a 1992 Batch IRTS officer from Odisha, has taken charge as fulltime chairman at Paradip Port on Wednesday. Earlier Visakhapatnam (Vizag) Port chairman MT Krishna Babu had the additional charge of the port.Roy has a tough task at hand to curb alleged cartelization of stevedoring operation and allocation of labour force by Port Management Committee, Paradip Port Stevedores Association in general, and Orissa Stevedores Limited (OSL) in particular. The highly unionized environment at the port has so far ...
Essar Ports takes over Vizag iron ore terminal
The Dollar Business Bureau Essar Ports took over the Vizag iron ore outer harbour terminal with two berths on May 14, 2015. Rajiv Agarwal, Managing Director, Essar Ports Ltd; says “We are happy to announce takeover of operations of Vizag outer harbour iron ore terminal which is an existing operational project with no gestation period.” The company also signed a Concession Agreement with Kandla Port Trust (KPT) for additional 1 SPM and 2 product berths and its Salaya project has received all regulatory approvals. Essar Ports current capacity is 120 MMTPA. The capacity is being expanded to 194 MMTPA over the next few years. The company has four operational port terminals at Hazira, Vadinar, Paradip and Vizag Iron Ore. The ...
Multi-purpose berths at six major ports to boost international trade
The Dollar Business Bureau In an effort to boost international trade, the government has decided to develop multi-purpose berths at six major ports with an investment of more than Rs 1,600 crore in the next three years. The move is aimed at increasing the ports cargo handling capacity and reducing the turn-around time for commercial vessels at Indian coasts. “These projects will enhance the capacity of respective ports to handle a variety of cargoes and meet the requirement of the trade,” said Pon Radhakrishnan, Minister of State for Shipping. The project will cover Odisha’s Paradip Port in eastern coast and Goa’s Mormugao Port in western coast. In southern costs, Karnataka’s New Mangalore Port, Tamil Nadu’s Kamrajar Port and Andhra Pradesh’s Visakhapatnam ...
Industry not too enthused with TEE status
Jayarama Emani | The Dollar Business The coastal towns of Visakhapatnam and Bhimavaram in Andhra Pradesh, being recognised as Towns of Export Excellence (TEE) in the new Foreign Trade Policy, which was released on Wednesday, has got mixed response from the industry. Stakeholders feel while the announcement is encouraging, the government must expedite infrastructure development in both the towns if it is really interested in export promotion from the region. Speaking to The Dollar Business, Bhaskara Rao Potluri, Executive Director, Andhra Chambers of Commerce & Industry Federation, said, “With the Andhra Pradesh government setting a target of Rs.60,000 crore (cumulative) worth of marine exports by 2020, it is no surprise that the Centre is looking at Bhimavaram as a ...
