India to set up Bureau of Port Security soon: Union minister Sarbananda Sonowal

At the 19th Maritime States Development Council meeting in Kevadia, Sonowal unveiled a vision for India’s maritime sector, outlining key initiatives that promise a transformative impact.

The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal attended the road show organised by Syama Prasad Mookerjee Port (SMPK) for the ensuing Global Maritime India Summit, 2023 (GMIS). The active participation of trade and industries in the development of port infrastructure and other facilities is imperative for the development of India as an […]

Professional services firm, MSKA Associates, will take over as the statutory auditor of Adani Ports & SEZ (APSEZ) following Deloitte’s resignation, which was prompted by differences over several transactions with APSEZ management. MSKA & Associates has been hired until the next APSEZ annual general meeting, to be held in 2024. The resignation of Deloitte increases […]

Deloitte Haskins & Sells LLP has communicated to Adani Ports & Special Economic Zone Ltd. its resignation plans and a formal announcement is expected in coming days, one of the people said, asking not to be identified discussing a sensitive matter.

Adani Ports and Special Economic Zones (APSEZ) CEO Karan Adani announced that the Adani group will expand the captive port capacity of Sanghipuram, following the acquisition by Adani Group firm Ambuja Cements of a majority stake in Sanghi Industries Ltd (SIL) for an enterprise value of Rs 50bn. Ambuja Cements will acquire a 56.74% stake […]

On-demand logistics firm Porter has restructured its key leadership as it embarks on the next phase of growth, appointing co-founder Uttam Digga as CEO, Pranav Goel as executive vice chairman and Shruti Ranjan Satpathy as chief product and technology officer. One of India’s leading logistics firms, Porter will continue to deliver reliable and cost-effective, tech-enabled […]

The ship management sector in India is poised for a compounded annual growth rate of over six per cent in the next few years, an official of the Hong Kong-headquartered Anglo-Eastern Group said. The growth of the sector would boost employment opportunities for Indian seafarers, its CEO Captain Bjorn Hojgaard said.

Citing the example of India which phased out price controls for transport fuels in late 2014, the Aayog said the overall subsidy levels are still distorting the market, giving carbon-intensive modes of transport an undue advantage.

The passage being prepared is called the Indo-Bangladesh Protocol (IBP) Route number 5 and 6. It runs from Maia near Farakka in India to Aricha in Bangladesh. Dredging work is also underway to ensure that there is enough depth on the waterway all throughout the year.

For the development of inland water transport in the country, 111 waterways — including five existing and 106 new ones — spread over 24 states have been declared national waterways under the National Waterways Act, 2016, Sonowal said.`