Ports play a major role in the country's economic development as 95%
of India's foreign trade by volume and 70 % by value are through
maritime operations, said Pon Radhakrishnan, Union Minister of State for
Shipping on Tuesday.
“With raising economic growth, the country’s integration with the world economy grows further. It signifies the need for the maritime sector’s development in infrastructure and efficiency,” he said speaking at the Confederation of Indian Industry (CII) Port Conclave 2018 titled ‘Port Led Economic Development’.
The Minister asked the CII to come out with suggestions for achieving industrial targets and announced the government’s readiness to act on them.
Kailash Kumar Aggarwal, Joint Secretary, Ministry of Shipping, Government of India, said 41 PPP projects in the private sector involving an investment of ₹20,000 crore were in progress.
“Sixteen projects entailing an investment of ₹20,000 crore and 268 MT capacity are under implementation,” he added.
R. Dinesh, Chairman, CII Southern Region & Joint Managing Director, T V Sundram Iyengar & Sons Ltd said, “The maritime sector is expected to grow significantly with the increase in international and domestic trade volumes. Since huge volumes are handled via the maritime route, there is a continuous need to develop India's ports and trade related infrastructure.”
P. Raveendran, Chairman, CII Port Conclave 2018 and Chairman, Port of Chennai and Kamarajar Port Ltd, said that ports were maintaining record handling of cargo traffic in a cost-effective environment.
“With raising economic growth, the country’s integration with the world economy grows further. It signifies the need for the maritime sector’s development in infrastructure and efficiency,” he said speaking at the Confederation of Indian Industry (CII) Port Conclave 2018 titled ‘Port Led Economic Development’.
The Minister asked the CII to come out with suggestions for achieving industrial targets and announced the government’s readiness to act on them.
Kailash Kumar Aggarwal, Joint Secretary, Ministry of Shipping, Government of India, said 41 PPP projects in the private sector involving an investment of ₹20,000 crore were in progress.
“Sixteen projects entailing an investment of ₹20,000 crore and 268 MT capacity are under implementation,” he added.
R. Dinesh, Chairman, CII Southern Region & Joint Managing Director, T V Sundram Iyengar & Sons Ltd said, “The maritime sector is expected to grow significantly with the increase in international and domestic trade volumes. Since huge volumes are handled via the maritime route, there is a continuous need to develop India's ports and trade related infrastructure.”
P. Raveendran, Chairman, CII Port Conclave 2018 and Chairman, Port of Chennai and Kamarajar Port Ltd, said that ports were maintaining record handling of cargo traffic in a cost-effective environment.
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