A new international cruise terminal is being built at Mumbai at an approximate cost of Rs. 300 crores out of which Rs. 197 crores is the share of Mumbai Port and Rs. 103 crores by PPP operator who would be engaged for operation and management of cruise terminal.
Major ports in India have recorded a growth of 3.91% and together handled 174.02 Million Tonnes of cargo during the period April to June, 2018 as against 167.
APSEZ announced that it has executed Share Purchase Agreement between Larsen and Toubro Limited, Marine Infrastructure Developer Private Limited, L&T Shipbuilding Limited and Adani Kattupalli Port Private Limited to acquire 97% shares of MIDPL.
The Major Ports in India have recorded a growth of 2.41% and together handled 116.26 Million Tonnes of cargo during the period April to May, 2018 as against 113.52 Million Tonnes handled during the corresponding period of previous year.
The major ports in India have recorded a growth of 4.77% and together handled 679.35 Million Tonnes of cargo during the period April 2017 to March 2018.
With a view to providing more autonomy and flexibility to Major Ports and to professionalize their governance, the Government has introduced Major Port Authorities Bill in Parliament.
On a trade mission to India, MPA has signed a Cooperative Agreement with Mundra Port, Gujarat State, north of Mumbai.
The Union Cabinet chaired by Prime Minister has approved amendments to the MCA to make the Port Projects more investor-friendly and make investment climate in the Port Sector more attractive.
The Indian Government is making continuous efforts to improve the efficiency of major ports in the country.
India’s total containerized cargo capacity of 8.75 million TEUs at all its 12 major ports, a key indicator of a country’s integration with global supply chain for value-added manufactured goods.