New truck terminal to be developed at New Mangalore Port by 2023

25 Sep 2021 CW Team

A new truck terminal equipped with concrete pavement, dormitory, restaurant, and gatehouse facilities will be coming up at the New Mangalore Port Trust (NMPT) by 2022-23.

The new truck terminal would have concrete pavement, restaurant, gatehouse, and dormitory facilities. The project would be developed at five crore and is expected to come up by 2022-23, said Sarbananda Sonowal, Union Minister for Ports, Shipping, and Waterways.

The minister said that the US Mallya Gate would be modified at Rs 3.22 crore, and is expected to be completed by March 2022.

The minister said that the business development center would give all facilities under one roof to the EXIM trade fraternity.

An additional truck parking area of 17000 sq meters would be made at Rs 1.9 crore, he said.

Sonowal said that the container and other general cargo traffic had been growing at NMPT due to improved hinterland connectivity.

For cargo evacuation, around 500 trucks are moving regularly from New Mangalore Port to distant places. Though the Port has provided parking facilities for approximately 160 trucks, the present existing area is found to be inadequate, Sonowal said.

Chairman, NMPT, Dr A V Ramana, said the gate complex has different lanes for movement of trucks, four-wheeler passenger vehicles, two-wheelers, radiological monitoring equipment, provisions of RFID system, pedestrians, and many more.

As per the ministry note, the New Mangalore Port is the only major Port of Karnataka located between Cochin and Goa ports, which has 15 fully operational berths, coal, handling containers, and other cargo.

Image Source

Also read: Adani Logistics to shut down its inland container depot in Ludhiana

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..