Adani Ports is investing Rs 600 crore to develop a 70-acre logistics park in Kochi, Kerala. This project, under the Invest in Kerala initiative, aims to transform the state into a major logistics and industrial hub. The development signifies a crucial advancement in strengthening Kerala’s infrastructure and economic capabilities.
Adani Ports unveils 70-acre logistics park in Kochi worth Rs 600 cr
Andhra Pradesh government is planning to develop three major ports. Andhra Pradesh Maritime Board and APM Terminals signed an agreement for this project. The project investment is nine thousand crore rupees. The ports to be developed are Ramayapatnam, Machilipatnam and Mulapeta. This project will generate ten thousand direct jobs. Andhra Pradesh aims to become the […]
Parliament passes Indian Ports Bill 2025: Sonowal says India targets Singapore, Europe-style integrated planning
2 months ago
The Parliament has approved the Indian Ports Bill, 2025, aiming to elevate India’s maritime operations to global standards. Union Minister Sarbananda Sonowal highlighted that the bill will bring discipline to port operations, aligning with international best practices and environmental standards.
Kolkata Port inaugurated its first public-private partnership terminal at Khidderpore Docks, a Rs 190 crore project by Century Ports Ltd. Equipped with modern technology, the terminal aims to handle 1.65 lakh TEUs of containers and 3.3 lakh tonnes of cargo. This 30-year concession agreement is expected to boost cargo movement and modernize the dock system.
Deendayal Port in Kandla aims to be global maritime leader with green fuel push: DPA Chairperson
2 months ago
Deendayal Port Authority Kandla is spearheading initiatives to foster the growth of methanol, green ammonia, and green hydrogen sectors, aiming for a prominent position on the global maritime stage. Declared a green hydrogen hub, DPA Kandla is actively promoting a green hydrogen ecosystem, with major industrial partners establishing giga-scale plants.
Syama Prasad Mookerjee Port, Kolkata (SMPK) has awarded a Rs 343.58 crore PPP project to Ganges Bulk Terminal Pvt. Ltd. for mechanizing berth No. 5 at Haldia Dock Complex. This initiative aims to enhance cargo handling efficiency, targeting 5 million metric tonnes of dry bulk cargo annually by December 2027. The project will boost eastern […]
Govt to boost Maritime Development Fund to ₹70,000 crore, nearly triple budget allocation
2 months ago
The Indian government is significantly increasing the Maritime Development Fund to ₹70,000 crore, aiming to bolster the maritime sector. This expansion supports shipyards, infrastructure, and shipping tonnage, aligning with ambitious goals for 2047. Recent legislative changes and financial schemes further demonstrate India’s commitment to becoming a global shipbuilding hub, competing with nations like South Korea […]
The NCLT dismissed SKIL Infrastructure’s plea to withdraw from insolvency proceedings after settling with Amluckie Investment. Other financial creditors, including Bank of India, UCO Bank, and Edelweiss ARC, opposed the withdrawal. The lenders have submitted claims of ₹13,715.15 crore, with ₹12,504.74 crore admitted. The tribunal directed the IRP to form a CoC and proceed according […]