India Trying to Make Chabahar Port in Iran Operational by 2019
Nitin Gadkari, the Union Minister for Shipping, India said in Dushanbe, that India is trying to make Chabahar Port in Iran operational by 2019. Gadkari was addressing the Indian Community at the inauguration of the Swami Vivekananda Cultural Centre at the Indian Embassy in Dushanbe. He said the opening up of the Chabahar Port would make the CIS countries more accessible. Shri Gadkari also spoke at length about the efforts and initiatives taken by his Government in the last four years to bring qualitative change in the lives of people.
India, Indonesia to Promote Bilateral Cooperation in Maritime
Taking ahead the bilateral relations between India & Republic of Indonesia, Nitin Gadkari, Union Minister for Shipping met General (Retd.) Luhut Binser Pandjaitan, Coordinating Minister of Maritime Affairs of Indonesia, in New Delhi. Ahead of the visit of the Prime Minister Narendra Modi to Jakarta in May 2018, General (Retd.) Pandjaitan, who is on a 2-day visit to India met Shri Gadkari to discuss bilateral cooperation in the maritime sector between the two countries. The bilateral talks covered a wide range of topics including river rejuvenation…
India's ‘Sagarmala’ Receives Gold Award
Indian Ministry of Shipping’s flagship program for port-led-prosperity ‘Sagarmala’ received the ‘Gold Award’ in infrastructure sector in the recently concluded 52nd Skoch Summit 2018 in New Delhi, recognizing the programmes’s contribution to India’s socio-economic transformation and it's role in propelling fast-track growth and infrastructure development. The Sagarmala Programme also received the ‘Order of Merit’ at the Summit. The Secretary (Shipping) Gopal Krishna shared the award with Minister for Shipping Nitin Gadkari.
Indian PM Inaugurates Mundra LNG Terminal In Gujarat
Indian Prime Minister Narendra Modi has inaugurated the Mundra LNG terminal that has been developed in keeping with his emphasis on clean energy.He said that the inauguration of the LNG terminal is the highlight of today's programme. I am fortunate to have inaugurated three LNG terminals, he added.Narendra Modi said that when Gujarat got its first LNG terminal, people were surprised. Now, the State is poised to make a fourth LNG terminal, he added.Gujarat is emerging as an LNG hub of India, the Prime Minister said, adding that this should make every Gujarati proud.
India Signs Wage Pact with Port and Dock Workers
The 12 Indian major ports run by the state will raise the wages of its more than 32,000 port and dock workers and some 105,000 pensioners by 10.6 per cent beginning January 2017, according to a five-year agreement signed on Thursday."A new wage settlement agreement has been signed for Group C & D category of Port and Dock Workers in Mumbai in the presence of Nitin Gadkari, Union Minister for Shipping," said a press statement from the government.More than 32,000 Port and Dock workers and 1…
Naval Group Celebrates 10 years in India
September 18, 2018 marks 10 years in business for Naval Group in India. From its 2008 start as DCNS India with just 10 employees, Naval Group has grown to have a team of over 50 professionals in the country that specialize in engineering, supply chain and project management while building a sound industrial ecosystem. The team supports the Indian defense industry and Indian Navy under the nation's “Make in India” self-reliance objectives.Naval Group entered India as a 100 percent owned subsidiary of the group with the goal of ensuring its long-lasting presence in the country…
India Builds National Maritime Heritage Complex at Lothal
Indian Ministry of Shipping, through its flagship programme Sagarmala, is closely working with Government of Gujarat state and other stakeholders to showcase India's rich maritime heritage through development of a World Class Maritime Heritage Complex (NMHC) at Lothal in the state of Gujarat.Preliminary work on design elements of the proposed heritage complex has been completed and consultations from experts are now under process. In order to further plan and take the project forward, a one day consultation workshop was held at Chatrapati Shivaji Maharaj Vastu Sanghralaya in Mumbai.
Plans Emerge for Strategic Indian Ocean Naval Port
Indonesia and India pledged on Wednesday to step up defense and maritime cooperation, with plans to develop a strategic Indonesian naval port in the Indian Ocean, the leaders of the two countries said after meeting in Jakarta. Indonesian President Joko Widodo met Indian Prime Minister Narendra Modi to discuss, among other issues, developing infrastructure and an economic zone at Sabang, on the tip of Sumatra island and at the mouth of the Malacca Strait, one of the busiest shipping channels for global trade. "India is a strategic defence partner...and we will continue to advance our cooperation in developing infrastructure, including at Sabang Island and the Andaman Islands," Widodo told a news conference after the meeting at the presidential palace.
Inland Waterways Authority of India to Raise USD 103 mln Through Bonds
The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Revalidation of permission to raise Extra Budgetary Resource (EBRs) of INR 660 crore (USD 103 mln) as Government of India Bonds by Inland Waterways Authority of India (IWAI) in 2017-18. The proceeds from the bonds will be utilized by IWAI for development and maintenance of National Waterways (NWs) under National Waterways Act, 2016 (effective from 12.4.2016). Funds received through issue of bonds will be used exclusively for capital expenditure to improve infrastructure funding.
Indian PM Meets All WOmen Crew of Navika Sagar Parikrama
Six women officers of the Indian Navy, who are due to circumnavigate the globe on the sailing vessel, INSV Tarini, called on Prime Minister Narendra Modi. This is the first-ever Indian circumnavigation of the globe by an all-women crew. They will begin their voyage later this month from Goa, and expect to return to Goa in March 2018, after completing the circumnavigation. "Navika Sagar Parikrama is a project wherein a team of women officers of the Indian Navy would circumnavigate the globe on an Indian-built sail boat INSV Tarini," explained a government statement.
India to Buy $1 Billion of US Crude Oil
Following Indianan Prime Minister Narendra Modi’s June 2017 visit to the U.S., where President Donald Trump and PM Modi agreed to deepen the energy engagement between the two countries, India oil companies have started the process of procuring crude oil from the U.S. Now six weeks after the visit, the first orders for $1 billion of crude are being placed. Two Indian oil giants, Indian Oil Corporation and Bharat Petroleum, have already taken delivery of the first 2 million barrels that have shipped from ports in Texas and Louisiana.
Kandla Port Renamed as Deendayal Port
The Indian Ministry of Shipping has issued a notification renaming Kandla Port Trust as Deendayal Port Trust with effect from 25th of September, 2017. Kandla Port, located on the Gulf of Kutch in Gujarat, is one of the twelve major ports in the country. As per the Ministry’s notification, the Central Government, in exercise of powers conferred on it under Indian Ports Act, 1908, made the amendment to replace “Kandla” with “Deendayal”. While inaugurating various projects at Kandla Port in May this year…
H-Energy to Start West Coast LNG Terminal in May 2018
India's H-Energy Pvt Ltd, a unit of real estate group Hiranandani, will start operations at its liquefied natural gas (LNG) terminal in the western Maharashtra state by May 2018, its chief executive said on Wednesday. India plans to raise the share of natural gas in its energy mix to 15 percent in three years from the current 6.5 percent, according to a plan set out by Prime Minister Narendra Modi's government. H-Energy has invested 17 billion rupees ($261 million) to build its 4 million tonnes per annum (mtpa) regassification terminal near the Jaigarh port in the state, Darshan Hiranandani told Reuters. LNG, a super-cooled natural gas, is imported in liquid form and is regassified at the terminals for supplies to end users.
Cabinet Approves Renaming of Kandla Port
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the renaming of Kandla Port as Deendayal Port. Ports in India are generally named after the city or town in which these are situated. However, the Government, in special cases, after due consideration, have renamed the Ports after great leaders in the past. By renaming Kandla Port as "Deendayal Port, Kandla", a grateful nation would be remembering the invaluable contributions made by one of the greatest sons of India, Pandit Deendayal Upadhyay.
India Approves Change of Status for Marine Body IALA
The Indian Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA) to change its status from Non-Governmental Organization (NGO) to Inter-Governmental Organization (IGO). The move will facilitate “to foster the safe, economic and efficient movement of vessels". It will bring IALA at par with International Maritime Organisation (IMO) and International Hydrographic Organisation (IHO). The IALA, having headquarters at St.
Newest Outpost for US Crude Exports: India
India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of U.S. grades to diversify their imports. U.S. exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas. But shipments to India have been rare, with just a few deliveries since the U.S. lifted its ban on crude exports in late 2015. Indian refineries are starting to increase purchases as the country seeks to secure more supply from outside the Middle East. Refiners are testing both U.S.
Latvian Delegation Visits JNPT
Jawaharlal Nehru Port Trust (JNPT) at Mumbai hosted a high-level delegation led by the Prime Minister of Latvia Mr Maris Kucinskis, on 4th November, 2017 . The delegation was on a five day visit to India starting 2nd November, 2017, during which the Latvian PM also met Prime Minister Shri Narendra Modi. The delegation was given a detailed tour of the port to observe various port operations and the implementation of various Ease of Doing Business initiatives. Deputy Chairman of JNPT…
BIMSTEC to Promote Coastal Shipping
Member States of BIMSTEC ( Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation ) met in New Delhi this week to discuss modalities for promoting coastal shipping in the region. BIMSTEC member countries include India, Bangladesh, Bhutan, Myanmar, Sri Lanka, Thailand and Nepal. In this first meeting of the Working Group on 27th and 28th of November, member countries discussed the draft text of BIMSTEC Coastal Shipping Agreement drafted by the Ministry of Shipping, Government of India.
INS Kalvari Commissioned into the Indian Navy
The Prime Minister of India, Narendra Modi commissioned INS Kalvari (S-21), the first of the six Scorpene class submarines built under Project 75 (Kalvari Class) into the Indian Navy at an impressive ceremony held at Naval Dockyard, Mumbai on 14 December 2017. The event marked the formal induction into the Navy of the first of the six submarines being constructed at Mazagon Docks Ltd., in collaboration with the French builder M/s Naval Group. Upon arrival at Naval Dockyard, Mumbai, the Prime Minster was received by the Chief of the Naval Staff.
India Okays Revised Concession Pact for Projects at Ports
India's Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved amendments in the Model Concession Agreement (MCA) to make the Port Projects more investor-friendly and make investment climate in the Sector more attractive. The amendments in the MCA envisage constitution of the Society for Affordable Redressal of Disputes - Ports (SAROD-PORTS) as dispute resolution mechanism similar to provision available in Highway Sector. The other salient features of the…
India, ASEAN Leaders Agree to Boost Maritime Cooperation
The leaders of India and southeast Asia agreed on Thursday to boost their maritime ties at a summit in New Delhi, as they seek to balance the increasing weight of China across the region. India is hosting the leaders of the Association of Southeast Asian Regional Cooperation (ASEAN) and the summit comes at a time when Prime Minister Narendra Modi is pursuing an “Act East” policy of developing ties with these countries. The Indian and ASEAN leaders agreed “to establish a mechanism for greater cooperation in the maritime domain sector”…
India's Oil Imports Reach Record High in January
India imported a record 4.93 million barrels of oil per day (bpd) in January to feed its expanded refining capacity and meet rising demand, ship tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts showed. The world's third-biggest oil importer shipped in 13.6 percent more oil in January than a year earlier and about 12.5 percent more than the previous month, the data showed. Imports in January were high as state-run refiners, which operate two-third of India's nearly 5 million bpd capacity…
Indian PM Narendra Modi Lays Foundation Stone For JNPT Fourth Countainer Terminal
India's biggest container traffic handler Jawaharlal Nehru Port (JNPT) has achieved yet another milestone in its ambitious journey to become a world class maritime hub when the Prime Minister Narendra Modi laid the foundation stone for the fourth container terminal, proposed to be developed at an estimated cost of Rs. 7915 Crores (USD 1.23 bln) on DBFOT basis. Modi arrived at the JNPT Helipad- accompanied by the Maharashtra Governor Ch. Vidyasagar Rao, Union Minister of Shipping, Road Transport & Highways Nitin Gadkari, the state Chief Minister Devendra Fadanvis and other dignitaries.