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The container terminals will be spread across various states, including five in Maharashtra, four in Tamil Nadu, three in Rajasthan, and two each in Delhi and Haryana
Retailers, manufacturers and other industries that rely on massive box ships are again battling surging rates, port backups and shortages of empty containers
With the container terminal, the Centre intends to make Kandla Port competitive against its private peers, which have been growing at a rapid pace, especially since the pandemic
The Union Cabinet on Wednesday approved the project to develop the container terminal at Tuna-Tekra, Deendayal Port in Gujarat under the public private partnership mode. The estimated cost of Rs 4,243.64 crore will be on the part of the Concessionaire and an estimated cost of common user facilities of Rs 296.20 crore will be on the part of the concessioning authority toward development of common user facilities. Information and Broadcasting Minister Anurag Thakur said that during the concession period, the concessionaire will have the liberty to handle vessels up to 18 metre-draught by deepening/widening its approach channel, berth pocket and turning circle. Deendayal Port is one of the 12 major ports in India and is located on the west coast in the Gulf of Kutch in Gujarat. The project is proposed to be developed on BOT (Built Operate Transfer) basis by a private developer/ BOT operator to be selected through an international competitive bidding process. The concessionaire will
The company will invest Rs 300 crore in all at the New Mangalore Port Trust container terminal to create a capacity of 400,000 TEUs
AICTPL is a 50-50 joint venture between Adani Ports and Special Economic Zone Ltd and Terminal Investment Ltd
The issue witnessed participation from marquee investors with interests coming in from around 220 accounts and was oversubscribed by almost ten times
Revised charges are effective for vessels sailing from November 16 to December 31 this year
General cargo throughput may witness 6-8% contraction in FY21; container segment decline by 12-15% during same period
Industry officials say the crunch has not only affected manufacturing of edibles but even of items like nozzle pumps and other goods used in packaging
Adani adding capacity as economy, trade growth slow