Big push coming for dredging ports: Rs 6,300 crore

Govt wants to construct new ports and expand existing ones to cope with demand

PTI | March 3, 2010



The government's plan of constructing new ports and expanding existing ones to support an expected increase in traffic is likely to create a huge demand for capital and maintenance dredging in India, a top official has said.

"The use of larger vessels, construction of new ports, an increased focus on coastal shipping, inland transportation and Government support are likely to drive the demand for both capital and maintenance dredging," Shipping Ministry Secretary K Mohandas told PTI on the sidelines of the SMP World Expo 2010, held in Mumbai Wednesday.

Citing a report from the National Maritime Development Programme (NMDP), out of the total port development expenditure of Rs 55,800 crore, the expenditure earmarked for the dredging of all major Indian ports by FY 12 is estimated at Rs 6,300 crore, he said.

Moreover, as the country is expected to become a trade hub going forward, an effective port infrastructure is likely to play a vital role in determining the volume of export-import trade, he said. "With India expected to emerge as a global trade hub over the next few years, an effective port infrastructure is vital to scale-up the country's trade development," Mohandas added.

The government's Sethusamudram Ship Channel project and its plan to develop coastal shipping and Inland Water Transport (IWT) are expected to open avenues for dredging in the country, he added.
 

Comments

 

Other News

Voting by tribal communities blossoms as ECI’s efforts bear fruit

The efforts made by the Election Commission of India (ECI), over last two years, for inclusion of Particularly Vulnerable Tribal Groups (PVTG) communities and other tribal groups in the electoral process have borne fruit with scenes of tribal groups in various states/UTs participating enthusiastically in t

GST revenue for April 2024 at a new high

The gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%). After accounting for refunds, the net GST

First Magahi novel presents a glimpse of Bihar bureaucracy a century ago

Fool Bahadur By Jayanath Pati (Translated by Abhay K.) Penguin Modern Classics, 112 pages, Rs 250 “Bab

Are EVs empowering India`s Green Transition?

Against the backdrop of the $3.5 billion Production-Linked Incentive (PLI) scheme launched by the Government of India, sales of Electric Vehicles (EVs) are expected to grow at a CAGR of 35% by 2032. It is crucial to take into account the fact that 86% of EV sales in India were under the price bracket of $2

When Nandini Satpathy told Biju Patnaik: ‘I’ll sit on the chair you are sitting on’

Nandini Satpathy: The Iron Lady of Orissa By Pallavi Rebbapragada Simon and Schuster India, 321 pages, Rs 765

Elections 2024: 1,351 candidates in fray for Phase 3

As many as 1,351 candidates from 12 states /UTs are contesting elections in Phase 3 of Lok Sabha Elections 2024. The number includes eight contesting candidates for the adjourned poll in 29-Betul (ST) PC of Madhya Pradesh. Additionally, one candidate from Surat PC in Gujarat has been elected unopp

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter