Shipping Minister Inaugurates Visakhapatnam Projects
PORTS & SHIPPING

Shipping Minister Inaugurates Visakhapatnam Projects

The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, officially dedicated projects worth Rs. 216 crore in Visakhapatnam to the nation on Monday. These projects included the state-of-the-art Vizag International Cruise Terminal (VICT).

Additionally, the Minister inaugurated the Covered Storage Shed-2 in the Port area, a Truck parking terminal, and an Oil refinery berth, all aimed at enhancing the capacity of the Vizag Port (VPA) with the goal of transforming it into a regional hub for both cruise and cargo traffic in the near future. During his address at the event, Sonowal emphasized the significance of a development strategy centered around our ports to achieve this vision. He reaffirmed the commitment to modernize, equip, and empower our ports to play a pivotal role in the development of the region.

Sonowal also highlighted significant achievements in the sector, noting that before 2014, the cargo handling capacity stood at 821 million metric tons (MMT), and it has now surged to 1681 MMT across 12 major ports, more than doubling our capacity within nine years. Furthermore, the Minister mentioned a substantial improvement in cargo unloading efficiency, reducing the time it takes to unload cargo from a ship from 44 hours before 2014 to the current 26 hours, as per an official release.

See also:
Centre to fund nearly 30% of national green shipping ventures
Karnataka plans to develop two greenfield ports


The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, officially dedicated projects worth Rs. 216 crore in Visakhapatnam to the nation on Monday. These projects included the state-of-the-art Vizag International Cruise Terminal (VICT). Additionally, the Minister inaugurated the Covered Storage Shed-2 in the Port area, a Truck parking terminal, and an Oil refinery berth, all aimed at enhancing the capacity of the Vizag Port (VPA) with the goal of transforming it into a regional hub for both cruise and cargo traffic in the near future. During his address at the event, Sonowal emphasized the significance of a development strategy centered around our ports to achieve this vision. He reaffirmed the commitment to modernize, equip, and empower our ports to play a pivotal role in the development of the region. Sonowal also highlighted significant achievements in the sector, noting that before 2014, the cargo handling capacity stood at 821 million metric tons (MMT), and it has now surged to 1681 MMT across 12 major ports, more than doubling our capacity within nine years. Furthermore, the Minister mentioned a substantial improvement in cargo unloading efficiency, reducing the time it takes to unload cargo from a ship from 44 hours before 2014 to the current 26 hours, as per an official release. See also: Centre to fund nearly 30% of national green shipping venturesKarnataka plans to develop two greenfield ports

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement