Add port capacity as demand evolves

Prime Minister Narendra Modi has invited foreign investors to take part in massive projected investment of $82 billion in the Sagarmala programme, which includes ports, port connectivity, port-led industrial development and coastal community development. It makes sense not just to distribute the investment across these areas but also to sequence their construction in such a.

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Windy Lakeside Investment picks stake worth Rs 800 cr in Adani Ports

The Board of Directors of Gautam Adani-led Adani Ports and SEZ Limited has approved the issuance, offer and allotment of up to 10,000,000 equity shares of face value of Rs 2 each to global private equity form Windy Lakeside Investment Ltd, not belonging to the promoter or promoter group of the company, The shares will be issued.

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Sittwe Port in Myanmar is ready for operations

The deep-sea port has been built by India as part of the Kaladan multimodal project to boost connectivity between the mainland and the landlocked state of Mizoram. The Sittwe deep-sea port on the west coast of Myanmar, a key part of the $484 million Kaladan multimodal project on which India has been collaborating with Myanmar,.

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India, Japan cool to Colombo offer of new port project

Days after the Sri Lankan cabinet decided to allocate Colombo’s West Container Terminal (WCT) to an Adani Group consortium to compensate for cancelling the East Container Terminal (ECT) agreement, previously signed by India and Japan, both New Delhi and Tokyo have signaled their distancing from the decision. “Our High Commission in Colombo has already conveyed.

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Adani Ports on a roll with three big acquisitions in five months

With three big acquisitions having a combined value of ₹14,659 crore in five months, Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) is on a roll. On March 3, APSEZ acquired a 31.5% stake in Gangavaram Port Ltd (GPL) from a unit of private equity firm Warburg Pincus LLC for ₹1,954 crore and.

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Charting course for maritime growth

By Mansukh Mandaviya Invest in our ports. Invest in our people. Let India be your preferred trade destination. Let Indian ports be your port of call for trade and commerce,” PM Narendra Modi said at the Maritime India Summit-2021, inviting global investors. His words define the aspirations of New India and its ports & maritime sector. The.

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High time to replicate global green initiatives in Indian Ports: DPT Chairman

Chairman of Deendayal Port Trust, Mr. S.K. Mehta, IFS, has emphasised on the need to replicate the global best practises being followed at ports like Rotterdam, Singapore and Antwerp in Indian ports. He spoke about the green initiatives while interacting in the discussion in the session on “Green and Sustainable Maritime Sector” in Maritime India.

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Cargo volumes down 6.6% at State-owned ports in FY21

India’s dozen state-owned ports dealt with a mixed 600.625 million tonnes (mt) of cargo throughout April to February of FY21, 6.61 per cent decrease than the 643.104 mt dealt with throughout the identical interval final 12 months. Besides Paradip Port Belief and Mormugao Port Belief, the opposite 10 port trusts proceed to endure from quantity.

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