rss icon Subscribe
desktop mobile

India Bags USD 6.22 bln Investment in Ports and Water Transport Sector

Indian Shipping Minister Nitin Gadkari. Photo: Official FB Page

By Aiswarya Lakshmi

Foreign Direct Investment upto 100% under automatic route is already permitted in the Port Sector. This has resulted in several Public Private Partnership (PPP) projects coming up in the Major Ports.

At present, a total of 33 PPP Projects with an investment of INR 17817.96 crore (USD 2.8 bln) are operational and 20 more PPP projects with an investment of Rs. 22362.67 cr (USD 3.42 bln) are under implementation. In total it comes to USD 6.22 bln.
As regards inland water transport sector, Government intends to have private sector participation for the development of IWT terminals, fairway, operation and maintenance of terminals, vessels and navigational aids.
Maritime India Summit 2016 was organised in Mumbai during 14-16 April, 2016 to showcase investment opportunities in shipping, ports and inland waterways sector.
This information was given by the Minister of State for Shipping Pon. Radhakrishnan in written reply to a question in Indian Parliament.

Mar 17, 2017

 

Finance

Odfjell Divests Share in Singapore Tank Terminal

Odfjell Terminals B.V. has entered into an agreement with a fund managed by Macquarie Infrastructure and Real Assets to sell its 50 percent ownership in Oiltanking Odfjell

Subsea 7 Acquires Normand Oceanic

 Normand Oceanic. Photo: Subsea 7 S.A.

Subsea 7 S.A. has announced an agreement to acquire the remaining 50% shareholdings in its equity

Scorpio Bulkers Lines Up New Loan Facility

File Photo: Scorpio Bulkers

Scorpio Bulkers announced that the Company has received a commitment for a loan facility of up to

Intermodal

Changing Box Landscape Demands That Yard Tools Keep Pace

z HYSTER EMPTY CONTAINER HANDLER.jpg

he need for increased operating efficiencies for container terminals collides with the demands of

Hapag-Lloyd to Offer reUse Container Management Services

(Photo: Hapag-Lloyd)

Avantida said Hapag-Lloyd has become the first ocean carrier in the U.K. to offer its reUse

Savi Ocean ETA Brings Transparency to Shipping

A containership in port (Photo: Business Wire)

With Ocean ETA, shippers gain real-time visibility to ocean shipments and seamless orchestration

Maritime Apps