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Searched Tag: ministry of ports shipping and waterways

Major Investment Boost for Ports, Roads; Cargo Up 8%

India boosts port, road investments; Cargo up 8%

June 13, 2024, 12:50 PM - 2 min read

In the current fiscal year, India's cargo volumes are expected to grow 6-8% driven by robust expansion in container and coal segments, supported by substantial government investments in transportation infrastructure including roads, ports, and airports, according to a recent ICRA report.

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The Ministry of Ports, Shipping, and Waterways is aiming to transition 80% of India's major ports to the landlord model by the end of this decade, according to Secretary TK Ramachandran.

Major ports to shift to landlord model by 2030: Shipping ministry

May 19, 2024, 09:31 AM - 2 min read

He outlined four key pillars that the ministry is focusing on to improve the cost and ease of doing business: developing port-based industrial clusters, investing in the maritime sector, ensuring successful PPPs, and promoting multi-modal transportation.

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