The government today said the capacity of ports is likely to reach 1.5 billion tonnes over the next two years, with Rs one lakh-crore expansion programme underway for docks and shipping sector. "We are hopeful of raising ports capacity to 1.5 billion tonnes by the end of the Eleventh Five Year Plan ( 2007-12) and expect to take 12 major ports capacity to 1 billion tonnes from the present 574.77 million tonnes (MT)," Shipping Minister G K Vasan said on the sidelines of CII meet here. "About 200 non-major ports will have a capacity of 580 million tonnes by then (March 2012). We are implementing Rs one lakh crore National Maritime Development Programme (NMDP) and out of this Rs 55,804 crore is for ports while remaining will go for shipping and inland waterways sector," Vasan said. Ports handle around 95 per cent of the country's total trade in terms of volume and 70 per cent in terms of value. Of this, 12 major state-owned ports accounted for 70 per cent of the total traffic. "During the last five years alone, the total traffic handled by these (major) ports has increased from Rs 344.79 MT during 2003-04 to 530.39 MT during 2008-09, representing a compounded annual growth rate of approximately 9 per cent," he said. Given the vital role played by the shipping industry in economic development of nation, he said, the government was committed to develop world-class infrastructure at ports. The focus has been on improving the efficiency in turnaround time and pre-berthing waiting time, among others. "Average output per ship berthday has increased from 9,745 tonnes in 2006-07 to 10,464 tonnes in 2008-09. Average pre-berthing waiting time on port account decreased from 10.05 hours to 9.60 hours and average turn-around time decreased from 3.62 days to 2.44 days during the same period," he said. In the port sector, a total of 276 projects have been identified out of which 50 have been completed with an expenditure of Rs 5,717 crore, he said, adding a total of 111 projects were there for shipping and inland waterways and 47 of these have been completed at a cost of Rs 6,266 crore. The Ministry is looking into policy formulation to deal with issues of port efficiency and productivity among other factors, Vasan said. India has 12 major ports-— Kandla, Mumbai, Jawaharlal Nehru, Mormugao, New Managalore, Cochin, Kolkata, Haldia, Paradip, Vishakhapatnam, Chennai and Tuticorin. |
Wednesday, March 17, 2010
Ports capacity to reach 1.5 bn tonnes by 2012: govt
Subscribe to:
Post Comments (Atom)
Economic Event Calendar
Best Mutual Funds
Recent Posts
Search This Blog
IPO's Calendar
Market Screener
Industry Research Reports
INR Fx Rate
!-end>!-currency>
NSE BSE Tiker
Custom Pivot Calculator
Popular Posts
-
LIC Term Insurance or Pvt Life Insurance Term Plan ? Which is the best term insurance in India ? Which Insurance company has the best cla...
-
આજકાલ કોઈપણ સમસ્યા હોય લોકો એન્ટિબાયોટિક્સ અંગ્રેજી દવાઓ લેવાનું વધુ પસંદ કરતાં હોય છે કારણ કે આજની પેઢીને આપણા જુનવાણી નુસખા વિશે જાણ હોત...
-
Introduction The Japanese began using candlestick patterns for over 100 years before the West developed the bar and point and figure syst...
-
સેબીએ કોમોડિટી ડેરિવેટિવ્ઝ માર્કેટના નિયમનને કડક બનાવ્યાના એક વર્ષ પછી કોમોડિટી એક્સ્ચેન્જિસની વૃદ્ધિના પગલાની શરૂઆત કરી છે. MCX અને NCDEX ...
-
મ્યુચ્યુઅલ ફંડ્સના સોદામાં ઉચ્ચ સ્તરની પારદર્શકતા આવે તે હેતુથી શેરબજાર નિયમનકારી સંસ્થા સેબીએ એજન્ટ્સને ચૂકવેલું પુરેપુરું કમિશન જાહેર કરવ...
-
Equity Linked Savings Scheme (ELSS) is the best tax saving (Section 80C) investment option for investors looking to create long term w...
-
While investing in Mutual Funds, you go through fund reviews, watch funds performance, track historical performance, find out what ex...
-
સીબીઆઈ કોર્ટે બુધવારે એફટીઆઈએલ જૂથના સ્થાપક જિજ્ઞેશ શાહને 26 સપ્ટેમ્બર સુધી પોલિસ કસ્ટડીમાં રાખવા આદેશ આપ્યો હતો. સીબીઆઈએ 30 સપ્ટેમ્બર સુ...
-
મેનેજમેન્ટ સ્નાતકો માટે ઇન્વેસ્ટમેન્ટ બેન્કિંગમાં કારકિર્દી હંમેશા આકર્ષક રહી છે. જોકે, હવે આ સેક્ટરના પડકારોને લીધે ઘણા મેનેજમેન્ટ સ્નાત...
-
The Federal Open Market Committee (FOMC), a branch of the US Federal Reserve Board that decides US monetary policy, meets eight times ever...
No comments:
Post a Comment