12 Major Ports, 3 firms to see Rs 6,000 cr profit in FY16 : Nitin Gadkari

  • 11-Mar-2016
  • 12 Major Ports, 3 firms to see Rs 6,000 cr profit in FY16 : Nitin Gadkari


NEW DELHI: Concerted efforts of the Government would result in at least Rs 6,000 crore cumulative profit for 12 Major Ports and three flagship bodies of Cochin Shipyard, Shipping Corporation of India and Dredging Corporation, Union Minister Nitin Gadkari said recently.

He said Government was committed for all round development of its ports and for the first time some of the ports have even outperformed the private sector ports.

The 12 ports recorded an operating profit of Rs 3,456.95 crore in the current fiscal up to January and several steps are being taken to modernise them. For next fiscal, cargo handling target for 12 ports has been set at 644.35 million tonne per annum (MTPA), with 105 MTPA expected at Kandla Port Trust.

The Minister said as part of modernisation and upgradation of ports various steps are being taken including implementation of 104 initiatives to reduce time and cost of operations in ports as per best global practises.

Thirty of the 104 initiatives have been implemented and the remaining will be implemented over various phases by 2019.

Source: Dailyshippingtimes.com

Seair is proud to have a loyal customer base from big brands.

We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:

Get a free Import-Export data demonstrative report on desired products.

We don’t offer any assistance over buying or selling any products.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Copyright © 2009 - 2024 www.seair.co.in. All Rights Reserved.