Marine Link
Sunday, April 30, 2017

India Bags USD 6.22 bln Investment in Ports and Water Transport Sector

March 17, 2017

Indian Shipping Minister Nitin Gadkari. Photo: Official FB Page

Indian Shipping Minister Nitin Gadkari. Photo: Official FB Page

 Foreign Direct Investment upto 100% under automatic route is already permitted in the Port Sector. This has resulted in several Public Private Partnership (PPP) projects coming up in the Major Ports. 

 
At present, a total of 33 PPP Projects with an investment of INR 17817.96 crore (USD 2.8 bln) are operational and 20 more PPP projects with an investment of Rs. 22362.67 cr (USD 3.42 bln) are under implementation. In total it comes to USD 6.22 bln.
 
As regards inland water transport sector, Government intends to have private sector participation for the development of IWT terminals, fairway, operation and maintenance of terminals, vessels and navigational aids. 
 
Maritime India Summit 2016 was organised in Mumbai during 14-16 April, 2016 to showcase investment opportunities in shipping, ports and inland waterways sector.
 
This information was given by the Minister of State for Shipping  Pon. Radhakrishnan in written reply to a question in Indian Parliament.
 
Maritime Reporter Magazine Cover Apr 2017 - The Offshore Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News