SAGARMALA PROGRAMME
Centre clears Rs 132 crore road over bridge project at Kandla to ease congestion, boost cargo flow
A Rs 132.51 crore road over bridge project is approved for Deendayal Port Authority in Kandla. This initiative will ease congestion and improve cargo evacuation. Western Railway will execute the project. The bridge aims to remove bottlenecks and enhance logistics efficiency. It supports the Sagarmala Programme and PM Gati Shakti. This development will accelerate trade and support economic growth.
India set to attract investments worth Rs 80 lakh crore in coming years: Sonowal
India's maritime sector is poised for significant growth, with projected investments of Rs 80 lakh crore and the creation of 1.5 crore jobs. The Sagarmala program, with 840 projects underway, is driving this transformation. Key initiatives, including the Vadhavan Port and improvements in port turnaround times, are positioning India as a global maritime leader, with Kerala playing a crucial role.
Parliamentary panel says India needs increased draft depth at all ports to handle large vessels
While pointing out that there is significant potential to develop port infrastructure in India and become competitive with other leading maritime nations by driving cost effectiveness, it recommended that overall capacity augmentation of Indian ports should be done and cost competitiveness at Indian ports should be ensured in a manner that in the next 5-7 years India has at least 5 of its ports by container throughput in the top 40 ports.
Govt says 70 projects worth Rs 2,856 cr sanctioned under Sagarmala Programme
In a written reply to the Lok Sabha, Union Ports, Shipping and Waterways minister Sarbananda Sonowal said various initiatives and projects have been undertaken to facilitate shifting of cargo from conventional land-based transportation to coastal shipping mode. A discount of 40 per cent is offered by major ports on vessel and cargo related charges to coastal cargo vessels, Sonowal added.
Centre sanctions eight floating jetty projects in Karnataka, Tamil Nadu
With these four additional projects in Karnataka, there is a total of 11 floating jetty projects in the state. Additionally, the ministry has provided in-principle approval to four floating jetty projects in Tamil Nadu.
No port, vessel related charges on coastal shipping for 6 months: Govt
"In order to provide some quick respite to this sector from the impact of global increase in price of fuel, MoPSW has directed all major ports to exempt all berth hiring and vessel-related charges being currently levied to the Ro-Pax (roll-on/roll-off passenger) for the next six months with immediate effect," the statement said.
Sagarmala programme enhanced to Rs 6.5 lakh crore
Addressing journalists after the event, Shipping Minister Sarbananda Sonowal said, "The new Sagarmala programme will also enhance the emphasis on holistic development of coastal areas. There are currently 802 projects worth Rs 5.5 lakh crores under Sagarmala program targeted to be executed by 2035."
Over 800 projects worth Rs 5.48 lakh cr identified for implementation under Sagarmala programme: Shipping Minister
Sagarmala programme includes projects from various categories, such as modernisation of existing ports and terminals, new ports, terminals, RoRo & tourism jetties, enhancement of port connectivity, inland waterways, lighthouse tourism, etc.
Projects worth Rs 2.3K cr for assistance under coastal scheme
The Coastal Berth Scheme aims to provide financial support to ports or state governments for creation of infrastructure for movement of cargo and passenger by sea or national waterways.
Ports can act as catalyst for India to grow at 10 per cent: Amitabh Kant
Citing examples, he said success stories emerged from China, Korea, Japan and Singapore where the ports have led the country's growth strategy.
Nitin Gadkari lays foundation of Rs 1,117 crore projects at Jawaharlal Nehru Port Trust
JNPT chairman Anil Diggikarsaid that the Port Trust is focused on creating world-class infrastructure to enable hassle-free trade and contribute to the ease of doing business.
Coming Up: Port projects worth rs 12 lakh crore
Sagarmala Development Company set up to identify projects, give equity support to SPVs.
Government to execute Rs 5 lakh crore Sagarmala projects by May 2019
Prime Minister Narendra Modi will tomorrow lay the foundation stone of the ambitious Chardham Mahamarg Vikas Pariyojna at Parade Ground in Dehradun.
States to deliberate on ways to improve logistics infra
The Narendra Modi-led NDA government has been emphasising on enhancing logistics operations in the country and has pushed to port-led development under the ambitious Sagarmala programme
173 shipping projects set for revamp: Nitin Gadkari
Gadkari said that his ministry has set up a special purpose vehicle to take up maritime projects overseas and has also signed a coastal shipping agreement with Bangladesh.
Government lines up Rs 324 crore to set up food parks in Andhra Pradesh, Maharashtra
The projects are strategically situated in CEZs (Coastal Economic Zone) with proximity to ports and will give boost to the EXIM trade for food processing sector.
Cabinet okays Benami Bill amendments for immunity under Income Disclosure Scheme
The amendment removes conflict between provisions of the IDS that provided immunity from Benami Act condition to transfer of property to actual beneficial owner.
Nod to Sagarmala Development Company with Rs 1,000 crore authorised share capital
SDC will be incorporated under the Companies Act, 2013, with an initial Authorized Share Capital of Rs 1,000 crore and a Subscribed Share Capital of Rs 90 crore.
PM Modi pitches for Rs 1 lakh crore investment for port development
Inaugurating the first Maritime India Summit (MIS) here, Modi said it is the "right time" to come and better through the "sea route".
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