SPM Port Authority's Berth Privatisation Gains Momentum

25 Jul 2024 CW Team

The SPM Port Authority's plans to privatise cargo berths have gained traction with Bothra Shipping and Ripley & Co. submitting bids for the Haldia Dock Complex (HDC) facility. This move marks a significant step in enhancing operational efficiency and attracting private investment.

The HDC facility, known for its strategic importance in cargo handling, is set to benefit from improved management and infrastructure through privatisation. Bothra Shipping and Ripley & Co. are well-established players in the shipping and logistics sector, bringing expertise and innovation to the table.

Privatising cargo berths is expected to boost the port's overall capacity and streamline operations, addressing existing bottlenecks. This initiative aligns with the government's focus on enhancing port infrastructure and increasing competitiveness in the global maritime market.

Industry experts believe that involving private entities will lead to better resource utilisation and increased cargo throughput. The partnership with experienced firms like Bothra and Ripley is anticipated to improve service quality and attract more business to the port.

The bids underscore the growing interest of private companies in Indian port infrastructure, driven by the potential for growth and profitability. The move is part of a broader strategy to modernise ports and facilitate seamless trade operations.

As the process advances, stakeholders are optimistic about the positive impact on the regional economy, including job creation and increased trade volumes. The successful privatisation of the HDC facility could serve as a model for similar initiatives across the country, contributing to India's maritime growth.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..