Search results for: Vasan

89 results

A list of search results

  • 28 November 2013
    Business & Finance

    The Union Minister of Shipping Shri G.K. Vasan has said that the Indian government is making continuous efforts to attract investments in the ports sector for the augmentation of Indian tonnage. He was speaking at a meeting with a high level Belgian delegation in Mumbai yesterday. Over 300 member delegation comprises Her Royal Highness, Princess […]

  • 25 November 2013
    Business & Finance

    The Minister of Shipping Shri G.K. Vasan will inaugurate a Transport terminal of the Inland Waterways Authority of India (IWAI) at a function at Garden Reach Jetty-2 in Kolkatta Port Trust area today. Kolkata being a transportation hub on the Ganga, the new terminal would serve states of Uttar Pradesh, Bihar, West Bengal and the […]

  • 18 November 2013
    Business & Finance

    The Minister of Shipping Shri G.K. Vasan has dedicated two terminals of the Kandla Port to the nation. Speaking on the occasion at a function in Bangalore two days ago, he said that this port since its inception and especially in the last decade has grown from strength to strength fuelling growth of Kutch, Gujarat […]

  • 15 April 2013
    Business & Finance

    Following is the text of the speech delivered by the Honourable Minister of Shipping, Shri G.K.Vasan at the meeting of the Consultative Committee attached to the Ministry of Shipping on April 15, 2013 in Mumbai. “I extend a very warm welcome to all of you to the city of Mumbai and also to this meeting […]

  • 9 April 2013
    Business & Finance

    The Ministry of Shipping is in the process of awarding contracts for 42 port projects, including the Chennai Mega Container Terminal, in the current fiscal. “Most of these projects are for capacity addition, deepening of channels and modernization,” said G.K.Vasan, Minister for Shipping. The Minister was speaking to media persons after the two-day Maritime States […]

  • 5 March 2014

    A major milestone in the development of the new DP World terminal at India’s premier gateway port, Jawaharlal Nehru Port, was achieved with the ceremonial laying of the foundation stone by the Honourable Minister of Shipping Shri GK Vasan. The ceremony at the Nhava Sheva (India) Gateway Terminal site was held in the presence of […]

  • 28 February 2014

    Around Rs.21,000 crores have been invested in 30 projects during the current year, achieving the target set by the Prime Minister’s Office for the Port sector. Capacity addition is around 217 million tones. Giving details of the achievements of his ministry, the Minister for Shipping Shri G. K. Vasan said that over the last five […]

  • 10 February 2014
    Business & Finance, Equipment, Technology

    100% Foreign Direct Investment (FDI) under the automatic route is being allowed for port development projects. The Minister of Shipping Shri G.K.Vasan in a written reply in the Lok Sabha today said that the Maritime Agenda 2010-2020 has set a target of over 3130 million tonnes for port capacity by 2020. The existing capacity of […]

  • 7 February 2014
    Business & Finance, Equipment, Technology

    The Union Shipping Minister Shri G.K. Vasan today inaugurated new facilities at the V.O. Chidambaranar Port, Tuticorin, which includes the state of art Vessel Traffic Management System, Modern Green Gate Port Entry Complex and Occupational Health Centre at the Port Hospital. In the presence of the minister, the representatives of the V.O. Chidambaranar Port Trust […]

  • 6 February 2014
    Business & Finance, Equipment, Technology

    The Union Government has set up a committee to review the Greenfield Port development proposal, located at Tadadi in Uttara Kannada district of Karnataka. The Committee suggested development of Tadadi initially as a barge port for 4 meter draft vessels and subsequently as a Major Port when there is significant traffic available. The study report […]

  • 24 January 2014

    The Union Government has decided to take up development of the stretch of 37 Kms of the National Waterway-four (NW-4) between Sholinganallur to Kalpakkam in South Buckingham Canal. Launching the project the Minister of Shipping Shri G.K. Vasan said that the main components of the project include dredging and excavation to develop navigational channel, construction […]

  • 21 January 2014

    Ennore Port Limited (EPL), Chennai and Ford India Private Limited have signed an agreement for export of Ford cars though the Ennore port for a period of 10 years. Speaking on the occasion the Union Minister for Shipping Shri G.K. Vasan said that this is a part of series of initiatives by the UPA government […]

  • 18 December 2013
    Business & Finance, Equipment, Technology

    Essar Ports Ltd, part of the $39 billion Essar, announced that Essar Vizag Terminals Ltd., a wholly-owned subsidiary of the company, has entered into a concession agreement with Visakhapatnam Port Trust for development and operations of three iron ore berths at Visakhapatnam Port on BOT basis over a period of 30 years. These three berths […]

  • 17 December 2013

    Allowing FDI up to 100% under the automatic route for port development projects, Income tax incentives are among the steps being taken by the Government for capacity expansion of ports. Other measures include- standardizing the bidding documents like RFQ, RFP and Concession Agreement, Enhanced delegation of financial powers to Shipping Ministry to accord investment approval […]

  • 12 December 2013
    Business & Finance, Equipment, Technology

    The Union Government has decided to develop Major Ports at Dugarajapatnam in Andhra Pradesh and Sagar Island in West Bengal through Public Private Partnership (PPP) mode. The Major Port at Dugarajapatnam is expected to be completed by 2018 at an approximate cost of Rs 4006 crores in the first phase. The Major Port at Sagar […]

  • 12 December 2013
    Business & Finance, Equipment, Technology

    Government of India has accorded approval for implementation of the project “Upgradation of the existing facility at outer harbour and creation of new facility at inner harbor for handling iron ore” at Visakhapatnam Port. In a statement laid down in the table of the Rajya Sabha today, Shri G.K. Vasan, the Union Minister for Shipping, […]

  • 9 December 2013
    Business & Finance

    The Government has introduced “Guidelines for Determination of Tariff for Projects at Major Ports, 2013” on 31st July 2013. In a written reply to a question in the Rajya Sabha the Minister of Shipping Shri G.K. Vasan said the these new Guidelines will impart flexibility to the ports/ BOT operators in the determination of tariff […]

  • 9 December 2013
    Business & Finance

    The Union Government undertakes development and regulation of only those waterways which are declared as National Waterways. In a written reply to a question in the Rajya Sabha the Minister of Shipping Shri G.K. Vasan said that it is the responsibility of the respective State Governments to develop any other waterways. Waterways that are being […]

  • 29 November 2013
    Business & Finance

    A Memorandum of Cooperation (MoC) was signed between the Madras Chamber of Commerce and Industry (MCCI) and Antwerp Port Authority in the presence of HRH Princess Astrid of Belgium and representatives of the federal and regional governments. The MoC, signed by Antwerp Port Authority chairman Marc Van Peel and MCCI chairman Schivaraman, seeks to further […]

  • 25 November 2013

    The Minister of Shipping Shri G.K. Vasan has said that it is the government’s endeavour to make all the ports of the country profitable. He was speaking after flagging off coal barges of 2100 DWT (Deadweight tonnage) of Jindal ITF Ltd, to formally launch the recently started movement of imported coal on National Waterway-1 (the […]

  • 18 November 2013

    New central schemes to support State Maritime Boards and the State Governments to combat oil spills, are nearing finalization. Stating this at the 15th Meeting of the Maritime State Development Council at Bengaluru, the Union Minister of Shipping Shri G.K. Vasan said that the Ministry will soon issue guidelines to streamline the process of collection […]

  • 11 November 2013
    Business & Finance

    India and Japan have decided to further strengthen their cooperation in the maritime sector as a part of the overall robust bilateral relations. The two countries agreed to enhance their interaction through the existing forums and through port-to-port exchanges. These issues came up for a discussion between the Union Minister of Shipping Shri G.K. Vasan, […]

  • 4 November 2013
    Business & Finance

    The Dredging Corporation of India DCI has released its In-house Magazine “DCI Darpan”. “It is indeed a great pleasure to inform that the In-house Magazine “DCI Darpan” is completing its two years of effective communication between our esteemed customers and on board employees on various issues and activities. We are thankful for the overwhelming support […]

  • 28 October 2013
    Business & Finance

    A Memorandum of Understanding (MoU) was signed between Paradip Port Trust and GAIL (India) Ltd. for setting up of a LNG Terminal in Paradip Port Trust. Speaking on the occasion, Minister of Shipping Shri G.K. Vasan said that as a part of capacity augmentation programme of Paradip Port, it is proposed to construct an offshore […]

  • 24 October 2013
    Business & Finance

    Dredging Corporation of India Limited (DCI) has paid Rs. 4.40 crore to the Union Government towards dividend for 2012-13. The dividend cheque was handed over to Hon’ble Minister of Shipping, Thiru G.K.Vasan by Capt.D.K.Mohanty, CMD of the Company. Dr.Vishwapati Trivedi, IAS, Secretary (Shipping), Shri M.C.Jauhari, IAS, Joint Secretary (Shipping), Cmde.P.Jayapal, Director (Operations and Technical), DCI […]

  • 27 August 2013
    Business & Finance

    RITES have been appointed on 31 May 2013 as Consultant for preparing the Techno-Economic Feasibility Report for the new Major Port at Dugarajapatnam in Andhra Pradesh with a three month time limit for submission of the Report. The estimated fund requirement for the development of the Greenfield Port of Dugarajapatnam is approx. Rs.6000 crore with […]

  • 26 August 2013
    Business & Finance

    The export of certain commodities like iron ore has declined in major ports including Mormugao Port. However, exportsfrom Major Ports like Ennore, VO Chidambaranar, Cochin, Mumbai, Jawaharlal Nehru and Kandla have increased. The details of the exports from various ports in the country including Mormugao Port, year-wise during the last three years are given below: […]

  • 26 August 2013
    Business & Finance

    The Government has formulated a Perspective Plan for development of the Maritime Sector, namely, “The Maritime Agenda 2010-2020”. This Plan has estimated the traffic projections and capacity additions at the Ports upto the year 2020. The Government has decided to develop two new major ports with private participation under the Public Private Partnership (PPP) Mode, […]

  • 12 August 2013
    Business & Finance

    The government has decided to set up two new Major Ports, one each at Sagar in West Bengal and the other at Dugarajapatnam in Andhra Pradesh. In respect of the Sagar Port, RITES has estimated capital cost (including connectivity project) at Rs. 7820 crores. The tentative cost for Dugarajapatnam has been estimated at Rs. 7988 […]