Ministry of Ports invest Rs 70 Bn in Sagarmala projects

30 Jul 2024 CW Team

The Ministry of Ports, Shipping and Waterways has invested over Rs 70 billion in Sagarmala projects in Andhra Pradesh, aimed at transforming the State's maritime sector. Replying to a question raised by MPs Krishna Prasad Tenneti and YS Avinash Reddy regarding the proposals under the Sagarmala Project in the State, Union Minister Sarbananda Sonowal informed the Lok Sabha that the ministry has received 29 new proposals from the Government of Andhra Pradesh, worth approximately Rs 33 billion , covering various projects, including port development, coastal berths, and fish landing centres.

"These projects, include Ro-Pax and passenger jetties, fishing harbours, port modernisation and skill development. The ministry has already sanctioned Rs 4.5 billion for the development of these projects," he noted, adding, "Additionally, the Visakhapatnam Port Authority and Inland Waterways Authority of India (IWAI) have undertaken 36 projects in AP, with a combined investment of Rs 46 billion ."

Among these, 22 projects worth Rs 25.30 billion have been completed, while 14 projects worth Rs 20.70 billion are in various stages of implementation." He also mentioned the establishment of two Centres of Excellence in Maritime and Shipbuilding in Mumbai and Visakhapatnam. "The Vizag Centre, a first of its kind in Asia, has equipped over 10,000 students with engineering and technical skills," he said.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..