Karnataka plans to develop two greenfield ports
PORTS & SHIPPING

Karnataka plans to develop two greenfield ports

The Karnataka government plans to develop two greenfield ports at Pavinakurve and Belekeri in Uttara Kannada district at an investment of more than Rs 3,000 crore on public private partnership (PPP) mode. Chief Minister BS Yediyurappa announced the plan at a session on 'Investment opportunities in Karnataka', as a part of the Maritime India Summit 2021, which is being held virtually.

One greenfield port is already being developed under PPP at Honnavar in Uttara Kannada district at a cost of around Rs 600 crore.

Other projects worth about Rs 1,172 crore are also being developed under the Sagarmala scheme in Karnataka. Karnataka has invited private players to participate in the development of maritime infrastructure in the state.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


The Chief Minister stressed the need to improve the connectivity from the ports to the hinterland for the development of ports in Karnataka.

The Ministry of Ports, Shipping and Waterways (MoPSW) told the media that the government has identified around 400 ports and shipping projects valued over Rs 2 lakh crore that will be offered for investment to the private sector. These projects will be taken up on a PPP basis.

As we have reported earlier, Prime Minister Narendra Modi inaugurated the Maritime India Summit 2021 through video conferencing this week. The summit aims to explore the potential business opportunities in the Indian maritime sector and the Atmanirbhar Bharat scheme.

Image Source


Also read: Tuticorin port to be transformed into transhipment hub

Also read: Govt to invite pvt investment in 400 ports worth Rs 2 lakh cr

The Karnataka government plans to develop two greenfield ports at Pavinakurve and Belekeri in Uttara Kannada district at an investment of more than Rs 3,000 crore on public private partnership (PPP) mode. Chief Minister BS Yediyurappa announced the plan at a session on 'Investment opportunities in Karnataka', as a part of the Maritime India Summit 2021, which is being held virtually. One greenfield port is already being developed under PPP at Honnavar in Uttara Kannada district at a cost of around Rs 600 crore. Other projects worth about Rs 1,172 crore are also being developed under the Sagarmala scheme in Karnataka. Karnataka has invited private players to participate in the development of maritime infrastructure in the state.4th Indian Cement Review Conference 202117-18 March Click for event info The Chief Minister stressed the need to improve the connectivity from the ports to the hinterland for the development of ports in Karnataka. The Ministry of Ports, Shipping and Waterways (MoPSW) told the media that the government has identified around 400 ports and shipping projects valued over Rs 2 lakh crore that will be offered for investment to the private sector. These projects will be taken up on a PPP basis. As we have reported earlier, Prime Minister Narendra Modi inaugurated the Maritime India Summit 2021 through video conferencing this week. The summit aims to explore the potential business opportunities in the Indian maritime sector and the Atmanirbhar Bharat scheme. Image Source Also read: Tuticorin port to be transformed into transhipment hub Also read: Govt to invite pvt investment in 400 ports worth Rs 2 lakh cr

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement