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1.Major port to come up at Vadhavan in Maharashtra

Cabinet gives in-principle approval for setting up the new port


2.Committee to be formed for the development of 150 minor ports in India

In order to form a national grid connecting all ports, the government has decided to form a committee that will assess the development potential of around 150 non-major ports in the country and will subsequently link them with major ports. This interlinking will aid India’s growth in terms of its export- import (EXIM) cargo.


3.Cabinet approves amendments for PPP projects at Major Ports to usher in more private participation: ICRA

The Union Cabinet has approved certain amendments to the existing Model Concession Agreement (MCA) for PPP projects at the Major Ports, which will address some of the thorny issues faced by the existing PPP port projects and attract more private investments to achieve capacity targets set under the Sagarmala programme.


4.Non-major ports to lead sustainable growth

East-based non-major ports have emerged as a better choice for sustainable growth compared to major ports on account of strategic location, modernisation, efficiency, cost-effectiveness and better infrastructure through optimisation of network and logistics.


5.New Bill First step towards corporatisation of major ports

In a significant step, the Major Port Authorities Bill provide operational autonomy to major ports. These 12 state-run entities will work like corporates with full flexibility.


6.New bill to empower major ports

In another big-ticket reform initiative, the Union cabinet has approved a bill that would give more autonomy and flexibility to major ports in the country. The Major Port Authorities Bill, 2016, will replace the Major Port Trusts Act, 1963.


7.Major Port Trust Act, 1963, to be replaced

The Ministry of Shipping has prepared a draft bill 'The Central Port Authorities Act' 2016 ' to replace the 'Major Port Trust Act, 1963'.


8.Bulk cargo buoying up major ports

The monthly cargo traffic at major ports has risen steadily from a low of 46.85 mn tonne in September 2015 to 52.22 mn tonne in January 2016, nudging up to the record 53.72 mn tonne moved in March 2015.


9.Smooth Seas Ahead?

India´s port infrastructure - a critical resource for the country´s prosperity - has so far failed to reach its potential. Will the new government´s policies bring a turnaround? RAMESH K VAIDYANATHAN and ARVIND RAVINDRANATH take a closer look.


10.Auto exports from major ports decline

Exports of cars from Indian major ports and particularly from Chennai and Kamarajar ports in Tamil Nadu declined during the April-September period, mirroring the negative growth reported by the manufacturing sector in the first six months of the financial year.


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