Tuesday, June 30, 2026
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Projects

Projects: MoPSW identifies 1,300 MTPA cargo movement potential by 2047

Fiinews by Fiinews
December 23, 2023
in Projects
Reading Time: 2 mins read
A A
0
PIB

Sonowal chairs meeting on Coastal Shipping Policy.

0
SHARES
10
VIEWS
LinkedinShare on Twitter

Sonowal says 10 projects of RoRo/RoPax Jetties, Passenger Jetties have been completed

The Ministry of Ports, Shipping and Waterways has identified a potential of 1,300 MTPA cargo movement by coastal shipping by 2047’.

This update was given on 21 Dec 2023 by Minister of Ports, Shipping and Waterways Sarbananda Sonowal to the Meeting of the Parliamentary Consultative Committee.

Cargo handling in National Waterways has grown by more than 1,700% to 126.15 million metric tonnes (MMT) in 2022-23 from 6.83 MMT about 10 years ago.

He also disclosed that the MoPSW has introduced green channel clearance, first and last mile road and rail connectivity, sectoral plans for Efficient Logistics (SPEL) under National logistics policy etc. for the promotion of coastal shipping.

“Today, Government has taken various projects under the Sagarmala Programme for enhancement of Coastal Cargo handling capacity and facilitation of passenger movement along the coast,” he said.

Five dedicated coastal berths have been developed, creating handling capacity of 6.34 MTPA. 

Apart from these berths, 10 projects of RoRo/RoPax Jetties, Passenger Jetties etc. worth Rs.527crore have also been completed, said Sonowal.

To facilitate the coastal vessels the MoPSW has also introduced priority berthing policy and ‘Green’ channel clearance for faster evacuation of coastal cargo at ports. A discount of 40% is offered by major ports on vessel and cargo related charges to coastal cargo vessels. After looking at the potential the government has also reduced GST on bunker fuels used in Indian Flag Vessels from 18% to 5%.

Development of agglomeration centres, silo infrastructure, dedicated warehousing facilities and improvement in end-to-end logistics supply chain are also the focus areas of the ministry for promoting coastal sipping further.

Under the National Logistics Policy (NLP) Sectoral Plans for Efficient Logistics (SPEL) being prepared by line ministries (Food, Fertilizer, Steel, Coal, Cement, P&NG etc.) for promotion of sustainable modes of transport like Coastal Shipping and Inland Waterways.

Even earmarking of minimum cargo – Public Sector Undertakings (PSU’s) like coal and fertilizers through Coastal Shipping has also been formalised. Fiinews.com

Tags: MoPSW
ShareTweetShare

Related Posts

PIB
Projects

Project: PM Modi supports Seychelles developments

by Fiinews
June 29, 2026
0
22

Talks covered UPI, Health, Agriculture, Shipping, Space, Line of Credit Prime Minister Narendra Modi and President of Seychelles Dr Patrick...

PIB
Projects

Project: ICGS Akshay commissioned into fleet

by Fiinews
June 29, 2026
0
19

Fast Partrol Vessel to safeguard India’s maritime interests Bharatiya Tatrakshak or ICGS marked another milestone in its force modernisation with...

PIB

Project: DAE inaugurates Hydrogen Facility

June 27, 2026
14
Hindustan Power

Project: RE to shape future of power sector

June 26, 2026
21
Vedanta

Project: Vedanta’s 5 units for industrial growth

June 25, 2026
22
VOC Port Authority

Project: VOC makes decarbonisation progress

June 25, 2026
20
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Investment: India welcomes US investment and technology collaboration

    0 shares
    Share 0 Tweet 0
  • Market: PM Modi-President Zelenskyy discussed trade and technology

    0 shares
    Share 0 Tweet 0
  • Manufacturing: Approved ‘BioE3’of Biotechnology Dept

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Invest: PFC-REC merger approved
  • Invest: CA Grameen raises Rs.425cr through NCDs
  • Invest: CARD91 to be leading payment company
  • Tech: IIT Alumni trains Singapore workers on AI
  • Project: PM Modi supports Seychelles developments

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.