PM Gati Shakti identifies 101 projects under ports and shipping

PM Gati shakti identifies 101 projects under ports and shipping

Under the PM Gati Shakti programme, a total of 101 projects related to ports and shipping totaling Rs 608.72 billion have been identified for implementation. 13 of them, totaling Rs- 44.23 billion, have been finished.

Gujarat has the most projects of all the states, with a total estimated cost of Rs 203.99 billion. Each of the 13 projects in Maharashtra and Andhra Pradesh is anticipated to cost Rs 99.55 billion and Rs 58.71billion, respectively.

PM Gati Shakti National Master Plan (NMP) is a transformative approach for integrated and holistic planning across concerned Minist..

Logistics, infra projects over Rs 500 cr to pass through NPG

Logistics and connectivity infrastructure projects over Rs 500 crore would now route through the network planning group (NPG) under the PM Gati Shakti.

Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis

CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will..