Gujarat Maritime Board invites proposal for LNG terminal

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Category: Industry Overview

Gujarat Maritime Board is planning to set up a LNG terminal along with Floating Storage and Regasification Unit (FRSU) in Jafrabad in Amreli district of Gujarat. The project cost is estimated at Rs. 4100 million and will have a capacity of 10 mtpa. The project is likely to be awarded through Swiss challenge route and will be developed on public-private partnership basis. The board has invited request for proposals (RFQ) in September 2013.

Titagarh to set up Shipbuilding yard in Kulpi and Kanikara

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Category: Industry Overview

Titagarh Wagons is planning to set up a ship building yard in Kulpi, 55 km downstream in Hooghly in West Bengal. The project cost is estimated at Rs. 4500 million and will build ocean going vessels. The company has sought permission from the government for exemption under Urban Land Ceiling Act for purchase of 440 acres of land and is likely to receive it in January 2012. It may be noted, the company also has 60 acres of land at Kankinara 35 kms upstream from Kolkatta where it will invest Rs. 2000 million to set up a yard to build offshore supply vessels.

Maharashtra offers sops for new minor ports

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Category: Industry Overview

Maharashtra government has revised its polices to offer sops for development of minor ports. It has provided industry status to ports and grant exemption on electricity duty, registration, stamp duty on infrastructure like road, rail, water and power supply. It also waived royalty on construction materials like clay, sand and earth. Further, it has designated Maharashtra Maritime Board as special planning authority to expedite development of minor ports. It has been given power to acquire private land upto 10 hectares.

Andaman & Nicobar port becomes major port

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Category: Industry Overview

Andaman & Nicobar Port Trust is to be formed with its headquarters at Port Blair is to be formed replacing the current Port Management Board, which is under the A&N administration. The union cabinet has approved the proposal to declare the A&N port as major port. The port is likely to be developed as a transhipment port such as Colombo, where majority of Indian cargoes are shipped. 69