The FIRST Construction Council recently organised the ‘Revolutionising Ports Conference’ in Mumbai
The first trial run for Indian ships using Bangladeshi ports is expected to begin soon. This move is likely to boost the connectivity between the two nations, which will in turn give way to greater economic opportunities, strengthen infrastructure and boost business.
The government is reportedly planning to develop an all-weather port at Wadhavan, 140 km north to Mumbai. Construction of the port is expected to begin this year, and will have nine berths for large container ships.
Projects worth Rs.130 bn have been reportedly awarded for the upgradation of major ports over the past three years.
The government is reportedly considering setting up about 10 integrated mega parks with state-of-the-art infrastructure near ports to attract foreign direct investment.
A major port is likely to be developed in Andhra Pradesh based on various viability factors, according to the Union Minister of State for Shipping.
Incorporated in 2016, the Sagarmala Development Company Ltd (SDCL), which is under the administrative control of the Ministry of Shipping, focuses on providing equity investments for projects across road, rail, logistics and port infrastructure as part of the Sagarmala programme
The government is planning to fix the minimum distance between two ports in tune to its efforts to maintain their financial viability. According to the proposed Indian Ports Act (IPA), the Centre will be tasked with the decision of stating how far two ports should exactly be
The progress on the full operationalisation of the Chabahar Port was reviewed by India and Iran as part of the sixteenth round of Foreign Office Consultations, held between the two sides in Tehran.
The Sagarmala programme is an initiative by the Government of India to leverage the country's coastline and inland waterways to boost the logistics sector.
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