Port sector attracts investment worth 36.128 billion

21 Jan 2019 CW Team

On the inaugural day of the Vibrant Gujarat Summit 2019, investment proposals attracted by the port and port-led development sector received investment intentions worth Rs 36.128 billion.

The event was reportedly inaugurated by Prime Minister Narendra Modi. Several Memorandums of Understanding (MoUs) were signed between different stakeholders and Gujarat Government’s authority Gujarat Maritime Board (GMB). The GMB received nearly 96 investment intentions and 30 strategic partnerships. The ports and port-based sector reportedly bagged a total of 126 partnerships.

Of the total 126 partnerships, 26 intents (21 per cent) pertain to new port capacity creation, 13 intents (10 per cent) pertain to development of shipbuilding and ship repair facilities, while 14 intents (11 per cent) pertain to development of Ro-Ro and cruise terminals, operating ferry services and promoting marine tourism in the state.

Besides, the GMB reportedly signed 13 MoUs. In order to develop a cargo handling terminal for a petrochemical complex at Mundra, a MoU was signed with the Adani Group along with a captive jetty for their cement plant at Lakhpat and develop Ro-Ro terminal at Mundra at a total proposed investment of Rs 35 billion with employment generation for 800 people.

Dahej Harbour and Infrastructure reportedly signed a MoU worth Rs 7 billion for DHIL port expansion. The Essar Group is expected to develop an LNG terminal and port-based smart city in Hazira with investments of 74.85 billion. Also, Hindustan Petroleum Corporation will be reportedly developing a dedicated jetty along with storage and dispatch terminal for LPG products at Dahej and Foresight Group intends to develop CNG import facility in Gujarat with a proposed investment of Rs 14 billion and creation of 1,600 jobs.

Foresight Group Services FZCO also signed MoUs of Rs 5 billion for the development of port facilities at Gujarat coast for CNG import. The GMB has reportedly also signed a MoU worth Rs 13.50 billion with HPCL Rajasthan Refinery, which intends to develop a single point mooring and the crude oil terminal at Mandvi.

For port expansion, GMB has reportedly signed MoUs worth Rs 21 billion with Petronet LNG , Gujarat Chemical Port Terminal Company and Dahej Harbour and Infrastructure.

On the inaugural day of the Vibrant Gujarat Summit 2019, investment proposals attracted by the port and port-led development sector received investment intentions worth Rs 36.128 billion. The event was reportedly inaugurated by Prime Minister Narendra Modi. Several Memorandums of Understanding (MoUs) were signed between different stakeholders and Gujarat Government’s authority Gujarat Maritime Board (GMB). The GMB received nearly 96 investment intentions and 30 strategic partnerships. The ports and port-based sector reportedly bagged a total of 126 partnerships. Of the total 126 partnerships, 26 intents (21 per cent) pertain to new port capacity creation, 13 intents (10 per cent) pertain to development of shipbuilding and ship repair facilities, while 14 intents (11 per cent) pertain to development of Ro-Ro and cruise terminals, operating ferry services and promoting marine tourism in the state. Besides, the GMB reportedly signed 13 MoUs. In order to develop a cargo handling terminal for a petrochemical complex at Mundra, a MoU was signed with the Adani Group along with a captive jetty for their cement plant at Lakhpat and develop Ro-Ro terminal at Mundra at a total proposed investment of Rs 35 billion with employment generation for 800 people. Dahej Harbour and Infrastructure reportedly signed a MoU worth Rs 7 billion for DHIL port expansion. The Essar Group is expected to develop an LNG terminal and port-based smart city in Hazira with investments of 74.85 billion. Also, Hindustan Petroleum Corporation will be reportedly developing a dedicated jetty along with storage and dispatch terminal for LPG products at Dahej and Foresight Group intends to develop CNG import facility in Gujarat with a proposed investment of Rs 14 billion and creation of 1,600 jobs. Foresight Group Services FZCO also signed MoUs of Rs 5 billion for the development of port facilities at Gujarat coast for CNG import. The GMB has reportedly also signed a MoU worth Rs 13.50 billion with HPCL Rajasthan Refinery, which intends to develop a single point mooring and the crude oil terminal at Mandvi. For port expansion, GMB has reportedly signed MoUs worth Rs 21 billion with Petronet LNG , Gujarat Chemical Port Terminal Company and Dahej Harbour and Infrastructure.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Infrastructure Urban

13 Oct 2025

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Technology

13 Oct 2025

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..