Centre pushes Rs. 91,000-cr in port sector

In order to make the country's ports cater to the emerging requirements, the Central government in a major push has decided to modernize infrastructure across ports entailing an investment of Rs. 91,000cr. With the construction of the planned infrastructure, the government has targeted the creation of 3 billion-tonne port handling capacity by 2025. To part-fund its various schemes, the shipping ministry is likely to get Rs. 2,500-cr allocations in the upcoming Budget. Country's cargo handling capacity in 2015-16 stood at 1,673 million tons per annum (MTPA) and has expected the traffic at the major ports to touch a whopping 2,500 MTPA by 2025.

Published: 01 February 2017