Steer Expands Asia Pacific Presence with New Mumbai Office

Private Participation in Major Ports to Reach 85 Per Cent by 2030: Sonowal

Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal has said the government is targeting 85 per cent private participation in major ports by 2030. Speaking at the Business Standard Infrastructure Summit, he announced that 50 public-private partnership (PPP) projects worth over Rs 600 billion have already been identified, exceeding targets set under the National Monetisation Pipeline.Among the upcoming projects, the greenfield port at Vadhavan in Maharashtra will be India’s largest by capacity, with an investment of Rs 760 billion. It will be developed in two phases, scheduled..

APM Terminals to Invest Rs 90 Billion in AP Ports

Andhra Pradesh’s efforts to position itself as the “Gateway of India’s East Coast” gained momentum on Thursday with the signing of a Memorandum of Understanding (MoU) between APM Terminals and the Andhra Pradesh Maritime Board. Under the agreement, APM Terminals, a subsidiary of AP Moller-Maersk, will invest Rs 90 billion to develop ports in the state.The MoU, signed in the presence of Chief Minister Nara Chandrababu Naidu, outlines plans to develop and upgrade the ports of Ramayapatnam, Machilipatnam and Moolapeta. APM Terminals will install and manage modern terminals and cargo-handl..

Government Achieves Progress in Promoting Biofuels: Hardeep Puri

Union Minister for Petroleum and Natural Gas Hardeep Puri informed the Lok Sabha that the government has made significant progress in promoting biofuels as a sustainable alternative to petroleum products.He said the initiatives are being driven under the National Policy on Biofuels, with ethanol blending in petrol forming a key component of the Ethanol Blended Petrol (EBP) Programme.According to the Minister, the programme has provided multiple benefits, including expeditious payment of more than Rs 1.25 trillion to farmers from Ethanol Supply Year 2014-15 up to July 2024, and foreign exchange..