Govt's port monetisation drive delayed due to security clearance

01 May 2022 CW Team

Centre’s ambitious drive for port monetisation has gotten off to a rocky start with the MoPSW (Ministry of Ports, Shipping and Waterways) being able to award projects worth 14 per cent of the total target amount in 2021-22. It has been able to monetise three projects worth Rs 10 billion, falling short of the target of Rs 69.24 billion from the 13 projects for this fiscal year. The national monetisation pipeline for ports encompasses nine of the country’s 12 major ports.

The 13 projects have been processed but have yet to get security clearance from the Ministry of Defence, Ministry of External Affairs and Ministry of Home Affairs since the projects fall in strategic areas. Reportedly, there has been an active interest in the tenders that have been floated for monetisation of several port operations, with the ministry being optimistic about its monetisation drive in the current and upcoming fiscal years, despite delays in security clearances.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Dubai Property Sales Rise as Rental Activity Hits Record High

Dubai's real estate market recorded its highest-ever monthly rental activity in June, while property sales rose sharply in both value and volume, reflecting sustained demand across the emirate's residential and commercial sectors.According to a market analysis by fäm Properties based on DXBinteract data, 40,022 rental contracts were registered during the month, the highest monthly total on record. New rental contracts increased 48.6 per cent year on year to 19,245, while renewals rose 28.5 per cent to 20,777.Property sales reached 13,933 transactions worth AED33.2 billion in June, representin..

Real Estate

07 Jul 2026

Isprava Partners Courtside to Launch Luxury Padel Experience

Luxury home developer Isprava has partnered with Courtside, Mumbai's first padel social club, to launch The Isprava Court, integrating its design-led lifestyle proposition with one of the city's emerging sporting destinations.Located on the rooftop of Atria Mall in Worli, Courtside spans 20,000 sq ft and combines padel, wellness, hospitality and community experiences. Since opening in February 2026, the venue has positioned itself as a social hub for sports and lifestyle enthusiasts.The Isprava Court features curated brand elements, including bespoke court branding, branded nets, towels and ac..

Technology

07 Jul 2026

Kellton Tech, AEC Form JV to Drive GCC Energy Digitalisation

Kellton Tech EU, a wholly owned subsidiary of Kellton Tech Solutions, has formed a strategic joint venture (JV) with Kuwait-based Action Energy Company (AEC) to accelerate AI-led digital transformation across the Gulf Cooperation Council (GCC) energy sector.Under the agreement, AEC will hold a 51 per cent stake in the JV, while Kellton Tech EU will own the remaining 49 per cent. The venture has been established for an initial five-year term and will focus on delivering digital oilfield solutions, enterprise software, cloud computing, cybersecurity, enterprise resource planning (ERP), systems i..