Rewas Port News

The Indian Government has taken steps to expand and modernise the posts in the state of Maharashtra. The Minister of State for Shipping Mansukh L Mandaviya has informed that at present, there are two major ports and 48 minor ports (non-major ports) in Maharashtra. Both the major ports in Maharashtra, Mumbai Port and Jawaharlal Nehru Port are equipped with modern facilities. The infrastructure augmentation & modernization of Major Port is a continual process. Out of the 48 minor ports, which are under the administrative control of Government of Maharashtra, 10 are equipped with modern facilities such as conveyor belts/cranes etc. and 6 are barge ports. Remaining minor ports are “Port Limits” where no cargo is handled and are used for fishing vessels and ferry services only.

The Reliance Group is set to make an investment in shipbuilding and dredging with two separate companies. Sources said the petroleum-to-retail giant is expected to invest around $1b each in two companies and has begun talks with international majors for a strategic tie-up for the dredging business. This investment is over and above the $1.3b investment committed for the Rewas Port, off Navi Mumbai. The shipyard will come up at Rewas, where Reliance is setting up a mega port and a special economic zone (SEZ). The company is also looking at a ship repair yard at Kakinada for servicing offshore/platform vessels and rigs. This facility is expected to be the hub for all its offshore activities in the KG basin, where Reliance Industries (RIL) has struck oil and gas in abundance.

News sources including The Economic Times of India say the Reliance Group is set to enter the shipbuilding and dredging markets with two separate companies. Sources said the petroleum giant is expected to invest around $1b each in two companies and has begun talks with international majors for a strategic tie-up for the dredging business. The $2b investment is over and above the $1.3binvestment that the Group is making at Rewas Port, off Navi Mumbai. The shipyard will be built at Rewas, where Reliance is setting up a mega-port and a special economic zone (SEZ). The company is also looking at a ship repair yard at Kakinada for servicing offshore/platform vessels and rigs. The group will repotedly spend around $1b to build dredgers at its own shipyard and other yards.