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

All Aboard for Hedge Funds as Trade Tide Lifts Shipping

© leeyiutung / Adobe Stock

Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing

U.S. Sues to Stop Wilhelmsen From Buying Rival Drew Marine

The U.S. Federal Trade Commission said on Friday it would challenge in court the Norwegian company Wilhelmsen Maritime Services' plan to buy smaller U.S. rival Drew Marine Group.

AP Moller-Maersk Planning Roadshow ahead of Euro Benchmark

File Image: A Maersk boxship alongside and working cargo. CREDIT: HR Wallingford

A.P. Møller - Mærsk A/S rated Baa2/BBB (on review for possible downgrade/CreditWatch negative) by

Intermodal

GE Transportation to Supply Freight Locomotives to Ukraine in USD 1bln Deal

Photo: GE Transportation

GE Transportation signed a $1 billion framework agreement in Ukraine, marking a major milestone

AP Moller-Maersk Planning Roadshow ahead of Euro Benchmark

A.P. Møller - Mærsk A/S rated Baa2/BBB (on review for possible downgrade/CreditWatch negative) by Moody's/S&P, the integrated transport and logistics company

DP World Accuses Djibouti of Seizure of its Dorelah Port

File Image: a typical DP World terminal.

Dubai-based port operator DP World accused Djibouti of illegally seizing control of Doraleh

Maritime Apps