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
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.