LOTHAL, AHMEDABAD: The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal along with the Minister of Labour & Employment and Youth Affairs, Dr Mansukh Mandaviya and the Chief Minister of Gujarat, Bhupendra Patel made a joint review to assess the progress of the National Maritime Heritage Complex (NMHC).
Cont’d. Pg. 13
Allcargo Gati Bags Five Prestigious Awards in the CII Kaizen Awards and National Championship
M U M B A I : A l l c a r g o G a t i Limited (formerly Gati), One of I n d i a ’ s l e a d i n g E x p r e s s Distribution and Supply Chain Management company, Business Excellence Team participated in the Confederation of Indian Industry (CII) Kaizen Awards and the CII National Championship Awards, and has bagged five awards from April 2024 to date.
Cont’d. Pg. 6
...Refer Pg. 13 APPOINTMENTS
Cont’d. from Pg. 4
Allcargo Gati Bags Five Prestigious Awards in the CII Kaizen Awards and National Championship
The year 2024 has been a landmark year for Allcargo Supply C h a i n , h i g h l i g h t e d b y t h e remarkable achievements that u n d e r s c o r e t h e c o m p a n y ’ s commitment to innovation, quality, and operational excellence.
The company’s successes at the C I I K a i z e n Aw a r d s a n d t h e CII National Championship Awards also demonstrates Allcargo Gati’s d e d i c a t i o n t o c o n t i n u o u s improvement and its drive to enhance the quality of processes and operations.
Awards
In May this year, the company secured the first position in the CII Kaizen Platinum Award for Best Digitization Kaizen for its innovative project, “Enhancing Visitor Experience with Centralized Visibility and Eliminating Paper Consumption.”
Later in October this year, the company received the CII Kaizen Gold Award under the Morale c a t e g o r y f o r i t s i n n o v a t i v e semi-automation solution for spare c o u n t i n g d e s i g n e d f o r A s h o k L e y l a n d i n A l w a r This project increased the accuracy and speed of counting spare parts, transforming a routine task into a more efficient and reliable process by reducing
repetitive tasks and enhancing daily workflows.
During the same month, the company also bagged the first position in the CII National Championship Platinum Award in the EHS category for a case study on the “Auto-Gate/Boom Barrier with UHF Solution”. This high-tech, tailor-made solution was developed to enhance driver experience and streamline vehicular movement at facilities that prioritizes both operational efficiency and safety standards.
In October 2024, the company also received the first position in CII National Championship Platinum Award in the Quality category for a case study on ‘Allcargo Supply C h a i n’ s Q u a l i t y C h a m p i o n Program’ aimed at empowering employees to upskill at all levels and f o s t e r a q u a l i t y c u l t u r e i n operations. This program was implemented across all Allcargo Supply Chain locations in India
b
l logistics conglomerate with over 300 offices in 180 countries, offering more than 2,400 direct trade lanes worldwide, bringing international-standard expertise to logistics operations across continents
Allcargo Gati Won PlatinumAward (1st prize) under EHS category at the National ChampionshipAward
Allcargo Gati Won Platinum (1st prize) on digitization project at the Best Digitization Kaizen
Allcargo Gati Won 4R (Reduce, Recycle, Reuse, and Repair) award at the CIIAward for 4R
SHIPPING MOVEMENTS AT GUJARAT PORTS
TIDE 02/01/2025
7.08
5.84
Cargo Steamer's Agent's ETD Jetty Name Name
CJ-I Spring Oasis Seavision Shpg. 03/01
CJ-II Atlantis DBC 03/01
CJ-III Pegasus 02 DBC 03/01
CJ-IV Haj Mohamad DBC 03/01
CJ-V Uni Bulker DBC 06/01
CJ-VI Propel Glory Aditya Marine 03/01
CJ-VII TG Sagar +BG Globo 2501 J M Baxi 04/01
CJ-VIII Seastar Valiant Interocean 04/01
CJ-IX African Margaux Synergy Seaport 03/01
CJ-X Saga Frigg Benline 03/01
CJ-XI TCI Anand TCI Seaways 03/01
CJ-XII Inter Sydney (BMM) Emirates Shpg. 03/01
CJ-XIII Sumatra Synergy Seaport 03/01
CJ-XIV NJ Sun B S Shipping 03/01
CJ-XV Dulce Diva Mihir & Co. 03/01
CJ-XVA Zhe Hai 521 Cross Trade 05/01
CJ-XVI African Leopard Aditya Marine 03/01
TUNA VESSEL'S NAME AGENT'S NAME ETD Diane Interocean 05/01
VSC Castor Anline Shpg. 03/01
Gisela Oldendorff
Propel Shakti ACT Infra 06/01
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Al Barrah Interocean 03/01
OJ-II Orchid Kefalonia
OJ-III CR Tethys Samudra 03/01
OJ-IV Bow Platinum GAC Shpg. 01/01
OJ-V Stolt Lerk J M Baxi 03/01
OJ-VI Sanmar santoor
OJ-VII PM Duke
Steamer's Name Arrival on Next Destn.
African Quail 28/12
DM Bea 28/12
Spring Oasis 28/12
New Challenger 28/12 Karachi-Jebel Ali
Source Blessing 30/12 Nhava ShevaJebel Ali DammamShuiba-Umm Qasr
Mars J 30/12 Sudan
Bomustafa O 30/12 Yemen
Penelop L 30/12
Crane 30/12
HPC Future 30/12
Ding Heng 45 30/12
Yasa Mars 30/12 China
CJ-XVI African Leopard Aditya Marine
Stream Asian Honor Marinelinks
CJ-II Atlantis DBC
Stream Chang Yang Jin Long Cross Trade
Stream CS Sarafina ACT Infra Bera
05/01 Dragon Malara Shpg.
Stream East Wind I Anline Shpg.
Stream Glamor Anline Shpg.
CJ-IV Haj Mohamad DBC
Stream Jingling Confidence Delta Wateways
Stream Lucky Chem J M Baxi
Stream Mercury J DBC
Stream Mohsen Ilyas Seacoast
CJ-XIV NJ Sun B S Shipping
Rice Bags
Bags
Bags 04/01 Oriental Cosmos Allied Shpg.
CJ-III Pegasus 02 DBC
CJ-VI Propel Glory Aditya Marine
Stream
Stream
Stream
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
Due/Berth
CJ-IX African Margaux
GENERAL CARGO VESSELS
Kymopolia Taurus
T. Iron Ore Fines/Lumps
CJ-X Saga Frigg Benline 10,091 T. Kraft Pulp
CJ-VIII Seastar Valiant Interocean Canada 33,000 T. Yellow Peas
CJ-XIII Sumatra Synergy Seaport Newzealand
CBM P Logs.
CJ-V Uni Bulker DBC Australia 34,182 CBM Aus Logs INIXY124122076
Tuna VSC Castor Anline Shpg. 49,500 T. Urea
03/01 Zy Hi Sheng Asia Shpg. 22,890 T. ST Plates
LIQUID CARGO VESSELS
Stream Aepco Scorpio Shpg. 3,242 T. Chemicals
OJ-I Al Barrah Interocean Ras Al Khair 17,000 T. Propane/Butane
OJ-IV Bow Platinum GAC Shpg. USA 6,112 T. Chemicals INIXY124122033
Stream Cheng Lang 19 Samudra 12,000 T. Chemicals
OJ-III CR Tethys Samudra Sohar Oman 32,819 T. Chemicals INIXY124122107
05/01 Daewood Diamond Wilhelmsen 950 T. Chemicals INIXY124122089
03/01 Dawn Madurai Malara Shpg.
06/01 Fuju Galaxy GAC Shpg.
Stream Ginga Cougar GAC Shpg.
Stream Nord Copenhagen GAC Shpg.
Stream Nord Valorous Interocean San Lorezo
04/01 Oriental Cosmos Allied Shpg.
T. HSD/ 11,342 T. MS
T. Chemicals
T. Chemicals INIXY124122131
T. Chemicals
T. CDSBO
T. Chemicals 03/01 Paramita Wilhelmsen
Stream Sagami GAC Shpg.
Stream Southern Robin Interocean
OJ-V Stolt Lerk J M Baxi Dakar
Weco Pisces Interocean
KANDLA INTERNATIONAL CONTAINER TERMINAL
VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
DP WORLD MUNDRA
Maersk Cuanza 501W 4120049 Maersk
TO LOAD FOR FAR
India Tema, Lome, Abidjan (MW2 MEWA)
EAST JAPAN, CHINESE PORTS &
In Port —/— Northern guard 928E 4124697 Heung A / WHL Sinokor (I) / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16) 03/01 02/01 02/01-AM Inter Sydney 170 4124720 Interworld Efficient Marine China (BMM) 03/01 05/01 05/01-AM X-Press Carina 24053E 4120102 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 06/01 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX)
TBA Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC)
TBA Asyad Line Seabridge Marine Haiphong, Laem Chabang, Jakarta (IEX) TO LOAD FOR INDIAN SUB CONTINENT
07/01 07/01-PM Maersk Cuanza 501W 4120049 Maersk Line Maersks India Colombo (MW2 MEWA) 08/01
TBA Global Feeder Sima Marine Karachi (CSC)
TBA Sai ShippingSai Shipping Karachi (JKX)
TBA Asyad Line Seabridge Marine Karachi (REX)
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
In Port Northern guard (V-928E) 4124697 Unifeeder Ag. Nhava Sheva 02/01 Celsius Edinburgh (V-4S) 4114416 Unifeeder Ag. Jebel Ali 04/01 SSL Brahmaputra(V-922W) 4120033 Unifeeder Ag. Karachi
Hai Line Wan Hai Lines Port Kleang (W), Hong Kong, Qingdao, Kwangyang, Pusan, 04/01 COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX) 05/01 05/01-AM Ital universo 173E 2500004 FeedertechFeedertech Port Kelang, Singapore, Leam Chabang.(AGI)
05/01 05/01-AM KMTC Chennai 2410E 2500031 KMTC/COSCO KMTC / COSCO Shpg. Port Kelang, Hongkong, Qingdao. (AIS) 06/01 TS Lines Samsara Shpg 11/01 11/01-PM Ever Elite 171E 2500065 Interasia/GSL Aissa M./Star Shpg Port Kelang, Singapore, Tanjung Pelepas, Xingang, Qingdao,
ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)
PIPAVAV PORT
03/01 02/01-1800 Maersk Chicago 452W 25008 Maersk Line Maersk India Algeciras
10/01 09/01-1800 Maersk Pittsburgh 501W 25009
ZEALAND
In Port —/— Seaspan Adonis 077E 25004 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai,
Lothal to become Global Hub for Maritime Heritage with National Maritime Heritage Complex : Sarbananda Sonowal
Cont’d. from Pg. 4
Under the SagarmalaProgramme, the Ministry of Ports, Shipping, and Waterways is developing the National Maritime Heritage Complex (NMHC) at Lothal, Gujarat.
This world-class facility will showcase India’s maritime heritage from ancient to modern times, adopting an innovative “edutainment” approach using cutting-edge technology to spread awareness and attract international tourists.
Lothal, a prominent city of the ancient Indus Valley Civilisation dating back to 2400 BCE, holds historical significance for its advanced dockyard, thriving trade, and renowned bead-making industry Artifacts such as seals, tools, and pottery unearthed by archaeologists reveal a rich cultural and economic history, making it a pivotal site of the Harappan civilisation.
The Ministers toured key project landmarks, including INS Nishank, the Lothal Jetty Walkway, and the Museum Block. They also interacted with onsite workers to understand their challenges and progress. Sonowal expressed satisfaction with the significant milestones achieved in civil infrastructure development, noting that the project is advancing on schedule.
Boosting
Local Involvement and National Heritage
A key focus of the review was the integration of local communities into the project’s development. Speaking on the occasion, Sarbananda Sonowal said, “We are committed to ensuring that the NMHC is completed on time and to the highest standards. This project will boost tourism, provide a platform for maritime education, and foster collaboration between India’s maritime community and the global industry It is a crucial step toward making India a leading maritime nation.”
Highlighted the socio-economic impact of the project, Sarbananda Sonowal said, “This project will create employment, foster skill development, and empower the y o u t h o f G u j a r a t T h e N M H C i s a p r o j e c t o f national importance, offering tremendous opportunities for g r o w t h a n d
The visionary leadership of PM Narendra Modi ji has ensured that India remains on course towards all round development of the country and that the people reap the fruit of India’s developmental story.”
The NMHC is poised to become a cornerstone of India’s maritime legacy, harmonising cultural and historical significance with economic and educational development. With 65% of Phase 1A already completed, the project is on track to meet its timeline and establish itself as a global beacon of maritime heritage.
“Under the dynamic leadership of Prime Minister Shri Narendra Modi ji, the government is committed to ensuring the National Maritime Heritage Complex (NMHC) is completed on time and to the highest standards," said Sarbananda Sonowal “The project will boost tourism, provide a platform for maritime education, and foster greater collaboration between India’s maritime community and the global maritime industry This is a crucial step toward realising the vision of making India a leading maritime nation - boosting the effort led by Modi ji towards transforming India into becoming an Atmanirbhar Bharat by 2047,” Sonowal added further
The Government of India remains steadfast in its commitment to the success of the NMHC, which is expected to boost Gujarat’s tourism economy and solidify India’s position as a maritime leader on the world stage.
The National Maritime Heritage Complex (NMHC) in Lothal, Gujarat, is set to become an international tourist hotspot, celebrating India’s rich maritime legacy. Spanning from ancient civilisations to modern times, the complex will use a unique blend of education and entertainment, incorporating the latest technology to immerse visitors in the country’s maritime history
Designed as a world-class destination under the SagarmalaProgramme, NMHC aims to showcase India's
naval achievements and cultural connections through
and engaging storytelling. This initiative is poised to not only preserve India’s maritime heritage but also to attract global tourists and foster a deeper appreciation of its historical significance.
Shri T.K. Ramachandran, IAS, Secretary, MoPSW; Shri Sushil Kumar Singh, IRSME, Chairman-DPA, Senior ofcials of the Ministry of Ports, Shipping, and Waterways, the Ministry of Defence (Navy and Coast Guard), the Government of Gujarat, renowned architect Hafeez Contractor, and Tata Projects Ltd also joined the review
UP eyes higher share in Country’s Exports, to unveil 5-year policy soon: Industry Minister
LUCKNOW: The Uttar Pradesh government is gearing up to unveil a five-year export policy to boost its share in the country’s overall outward shipments to 7.5% and help the state become a $1 trillion economy The new export policy for 2025-30 will replace the existing five-year policy
The state government provides a host of incentives and hand-holds the exporters to push shipments from the state.
U t t a r P r a d e s h M i n i s t e r f o r Industrial Development, Export Promotion, NRI, and Investment Promotion Nand Gopal Gupta ‘Nandi’ said the state government is working on the 2025-30 export policy, with a focus on enhancing export capabilities to promote overall development
“The new export policy is being formulated with a target to increase the state’s share from 4 71% in 2023-24 to 7 5% This policy also aims at accelerating economic growth and job creation,” Gupta said in an email interview.
The focus on enhancing export capabilities will propel Uttar Pradesh towards becoming a USD 1 trillion economy, driving revenue and fostering development, he added.
“Since the state government has adopted export as well as investmentfriendly policies, along with continuous development of smooth logistics facilities in the state, hence this will boost the export from the state and contribute significantly to make the state a USD 1 trillion economy,” Gupta noted.
During the April-September period of the current financial year, Uttar Pradesh’s share in the country’s total exports was estimated at 4.89%.
The minister also informed that the state is already providing incentives to exporters under the Marketing Development Assistance, Gateway Port S c h e m e , a n d A i r F r e i g h t Rationalisation plans.
He further said that the upcoming Jewar Airport will enhance connectivity
to exporters with overseas destinations. The airport will help in saving time and expenditure on freight charges.
Gupta also said the one-district-oneproduct scheme has played a pivotal role in creating employment and upskilling traditional artisans engaged in various traditional arts of different districts.
The state government is providing training to upgrade the skills of artisans and toolkits to artisans to enable them to establish their own enterprises.
Since the inception of the scheme, the government has trained 1,33,472 artisans across the state, Gupta said.
The scheme was launched in January 2018 with the objective of promoting the traditional arts and crafts being practised in different districts by identifying district-specific products for all 75 districts of Uttar Pradesh.
India’s goods and services exports may cross $800 billion in 2024-25. It was USD 778 billion in 2023-24.
Haryana Government approves extension of Logistics, Warehousing & Retail Policy
CHANDIGARH: The Haryana
g o ve r nme nt’ s appro val f o r the extension of the Haryana Logistics, Warehousing & Retail Policy, 2019, is expected to further boost investment in the sector, experts said.
T h e H a r y a n a L o g i s t i c s , Warehousing & Retail Policy, 2019, offers various fiscal incentives to reduce the cost of doing business and promote i n v e s t m e n t s i n t h e l o g i s t i c s , warehousing, and retail sectors in the state.
“Haryana’s government has always been proactive in supporting the warehousing industry, which is why the majority of warehousing in the NCR is c o n c e n t r a t e d i n G u r g a o n a n d surrounding areas. Over the last two years, the rise of e-commerce and Q-commerce has driven significant g r o w t h i n l a n d a c q u i s i t i o n f o r warehousing and logistics The extension of the policy will ensure this growth momentum continues,” said Mudassir Zaidi, Executive Director, North, at real estate consultancy Knight Frank India.
The Haryana government’s policy aims to simplify regulatory procedures, develop cost-competitive multi-modal logistics, warehousing, and retail infrastructure, and upgrade human capital through initiatives to build a skilled labor pool for these sectors.
The development is backed by incentives like capital and interest subsidies, stamp duty and EDC reimbursements, electricity duty exemptions, and capacity-building support.
“The extension of the Haryana Logistics, Warehousing & Retail Policy, 2019, with its incentives to boost investment in multimodal l o g i s t i c s a n d w a r e h o u s i n g development, will accelerate the mission to build an efficient logistics ecosystem in line with the PM GatiShakti initiative and the National Logistics Policy These measures will n
warehousing hub but also positively impact the logistics efficiency of the country,” said Suresh Kumar, MD,
Allcargo Terminals Limited, an Allcargo Group company.
“ T h e s e p o l i c y d e c i s i o n s t o incentivise investments in logistics infrastructure will set the stage for large-scale private investments in logistics development and enable logistics companies to play a greater role in driving economic growth,” Kumar added.
The Logistics & Industrial (L&I) real estate leasing volume for 2024 is projected at 50–53 million sq ft, the third consecutive year exceeding this m i l e s t o n e , d r i v e n b y t h e 2 0 2 0 Production-Linked Incentive (PLI) scheme and robust growth in retail and e-commerce activity.
The Department of Industries & Commerce is currently in the process of notifying the Haryana Logistics, Warehousing & Retail Policy, 2024. The 2019 policy, valid for five years, expired on March 8, 2024 The cabinet has extended the policy until December 31, 2024, or until the final Logistics, Warehousing & Retail Policy, 2024, is approved, whichever comes earlier
US continues to be largest source of FDI in India: RBI census
NEW DELHI: The US continued to be the largest source of FDI in I n d i a , f o l l o w e d b y M a u r i t i u s , Singapore and the UK, according to an annual census of the Reserve Bank of India
Out of the 41,653 entities, which responded in the latest census, 37,407 reported foreign direct investment ( F D I ) a n d / o r o v e r s e a s d i r e c t
investment (ODI) in their balance sheets for March 2024.
Of these entities, 29,926 had also reported in the previous census round and 7,481 have newly reported in the current round, according to Census on Foreign Liabilities and Assets of Indian Direct Investment Entities for 2023-24.
Over three-fourths of the companies that reported inward direct investment
were subsidiaries of foreign companies. Non-financial companies accounted for nearly 90% of the FDI equity at face value, the RBI said.
“Supported by valuation gains as well as fresh inflows, total FDI in India surged by 23 3% at market value in rupee terms during 2023-24; on the other hand, ODI growth was much lower at 3.4%,” it said.
Maersk : Most reliable among Top-13 Carriers in November 2024 in Schedule Reliability
COPENHAGEN: In November 2024, global schedule reliability improved by 4.1 percentage points M/M to 54.8%, which is the highest point it has been at in 2024 so far. That said, even with that M/M improvement, schedule reliability has largely remained within the 50%-55% range in 2024. The average delay for LATE vessel arrivals improved, decreasing by -0.43 days M/M to 5 41 days Despite the improvement, this is the secondhighest figure for the month, only surpassed by the pandemic high of 2021.
Maersk was the most reliable top-13 carrier in November 2024
with schedule reliability of 61.9%. There were 8 carriers with schedule reliability of 50%-60%, with the remaining 5 carriers within a narrow 47%-50% range. Wan Hai was the least reliable with 47 3% schedule reliability. In November 2024, the difference between the most and least reliable carrier dropped to under 15 percentage points. All top-13 global carriers recorded a M/M improvement in s c h e d u l e r e l i a b i l i t y, w i t h PIL recording the largest increase of 14.6 percent points. On a Y/Y level, only Yang Ming recorded an improvement, while 6 carriers recorded double-digit declines.
Customs Brokers Licensing Examination, 2025 is scheduled to be held on 18.03.2025
NEW DELHI: In reference to the advertisement published in national newspapers on 31.08.2024 regarding the online written examination, the Customs Brokers Licensing Examination, 2025 is scheduled to be held on 18.03.2025.
The pattern of the written and oral examinations will be as follows:
•Written examination will be a Computer Based Examination with Multiple Choice Questions. Questions will be bilingual i.e. in English and Hindi.
•Candidates have the option to answer either in English or Hindi.
Those qualifying in the written examination will have to appear in oral examination in terms of Regulation 6 of the Customs Brokers Licensing Regulations, 2018, as amended. The pass percentage marks for qualifying in the oral examination will be 60%.
For any query, please visit the websites (www.cbic.gov.in
Other details are as follows:
and www.nacin.gov.in) or contact the nearest Customs Commissionerate/ NACIN, Palasamudram @ e-mail IDcblr-nacinpsm[at]gov[dot]in.
SMP Kolkata explores option of developing 3 processing zones
KOLKATA : Agro processing zone, tea processing zone and marine products processing zone are likely to come up at Kolkata’s Kidderpore and adjoining areas on port land.
“Currently, discussions on the three zones are at the concept level It can be under a land lease model,” Syama Prasad Mookerjee Port, Kolkata, Deputy Chairperson Samrat Rahi told.
“Within two-three years these zones will come up. However, land will be allotted within three months,” Rahi said. Syama Prasad Mookerjee Port, Kolkata, formerly known as
the Kolkata Port Trust, comprises two dock systems– Kolkata DockSystem(KDS)andHaldiaDockComplex(HDC). Last nancial year
A total 4,488 acres of land were rented out as on March 31, 2023, and total estate revenue collected in the last financial year stood at around Rs. 654 crore.
“In land monetisation, we are aiming at a revenue collection of Rs 1000 crore in the next five years. Right now our annual income has reached around Rs. 600 crore. For land monetisation, we have brought out different projects on portled industrialisation. Such projects include big cold storages, warehouses and big industries in Kidderpore,” Rahi added.
Visakhapatnam Port Authority cancels IMC Ltd’s PPP Berth contract
VISAKHAPATNAM : The state-owned Visakhapatnam P o r t A u t h o r i t y h a s terminated a contract with AVR Infra Pvt Ltd (AIPL), a subsidiary of Chennai-based IMC Ltd, just a few years into the 30-year concession. The agreement, which involved developing and operating the Eastern Quay Berth10 (EQ-10) at the southern port, was canceled due to AIPL’s failure to meet the minimum guaranteed throughput (MGT) obligations, according to a
senior official. IMC Ltd is India’s leading independent bulk liquid storage company
The concession agreement for the 1.84 million tonnes (mt) capacity EQ-10 berth located in the northern arm of the inner harbour of Visakhapatnam port was signed on 16 August 2010 for handling liquid cargo (Class B & C chemicals including caustic soda, phosphoric acid, edible oil, biofuel, etc).
AVR Infra quoted the highest revenue share of 19 08% to the port
authority to emerge the successful bidder for the project in a tender The terminal started commercial operations in January 2017.
This is the fourth public-privatepartnership (PPP) project to end in termination for multiple reasons in the last few years at Visakhapatnam port. The EQ-10 berth, though, is debt free and this absolves the port authority from paying 90 percent of the debt due as termination payment per the concession agreement.
Railway projects worth Rs 88,875 crore sanctioned in big boost to 3 economic corridors
NEW DELHI: A total of 58 railway projects have been sanctioned across three economic corridors, with a combined completion cost of about Rs 88,875 crore and a total track length of about 4,107 kilometres during 2024 as part of the Centre’s strategy to spur economic growth in the country through big infrastructure projects, according to the year-end review of the Indian Railways.
The projects include Energy, Mineral and Cement Corridors, High Traffic Density Routes and Rail Sagar corridors,
A total of 434 projects have been planned for implementation under these three corridors.
The Energy, Mineral and Cement Corridors accounted for 51 projects, spanning 2,911 kilometres with a completion cost of Rs 57,313 crore.
The High Traffic Density Routes included 5 projects, covering about 830 kilometres and costing about Rs 11,280 crore.
The Rail Sagar corridor covers two projects, with a total track length of about 366 kilometres and a completion cost of about Rs 20,282 crore.
The total Capex for 2024-25 is Rs 2,65,200 crore, which is the highest amount allocated in the budget, till now
In order to boost investment from industry in setting up cargo terminals along railway lines, Gati Shakti MultiModal Cargo Terminals (GCT) are also being developed across the country So far, 354 locations (327 on non-railway land and 27 on railway land) have been identified across the country As many as 91 GCTs have been commissioned this year
