Ports
India-Bangladesh sign Inland Water Transit and Trade Protocol
On May 20, 2020, India and Bangladesh signed the second Addendum of the Inland Water Transit and Trade Protocol in Bangladesh. Highlights Under the new protocol, the countries can ply on designated protocol route. Also, movement of shallow draft mechanized ..
Month: Current Affairs - May, 2020
GoI allocates Rs 1,480 crores to National Technical Textiles Mission
On March 19, 2020, the Minister of Textiles Smt Smriti Irani presented the details of National Technical Textiles Mission at Rajya Sabha. The GoI has allocated Rs 1,480 crores for the mission National Technical Textiles Mission The Mission aims to ..
Month: Current Affairs - March, 2020
Facts Box: Major Port at Vadhvan, Maharashtra
The Union Cabinet recently approved the proposal to set up major port at Vadhvan in Maharashtra. The GoI has sanctioned Rs 65,545 crores for the project. Highlights The port is being set up to achieve GoI target of developing infrastructure ..
Month: Current Affairs - March, 2020
India’s 13th major port to be set up in Maharashtra
The Union Cabinet of India recently approved to set up 13th major port of India, at Vadhavan in Maharashtra. The project is to entail a total cost of Rs 65,544 crore. The government is expected to hold 51 per cent ..
Cabinet approves to set up Vardhavan port in Maharashtra
On February 5, 2020, the Union Cabinet approved to set up the Vardhavan port in Maharashtra. The port is to be developed in “Landlord Model”. The Jawaharlal Nehru Port Trust will act as the lead partner in developing the port. ..
Month: Current Affairs - February, 2020
First BIMSTEC Ports Conclave at Visakhapatnam
Between November 7 and November 8, 2019, the Ministry of shipping is hosting the first ever BIMSTEC Ports’ Conclave. The Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation is an international organization that involves South East Asian and ..
Month: Current Affairs - November, 2019
CCEA approves Strategic Sale of Government Equity in Dredging Corporation Of India
Cabinet Committee on Economic Affairs (CCEA) has approved strategic disinvestment of 100% Government of India’s shares in Dredging Corporation of India Limited (DCIL) to consortium of four ports. Presently, Central Government holds 73.44% shares in DCIL. The consortium of four ..
Month: Current Affairs - November, 2018
Government to expand Logistics Data Bank project to South India
The Union Ministry of Shipping is planning to expand Logistics Data Bank (LDB) project to the country’s southern region. So far, it had covered only the western logistics corridor. The LDB project was launched at the Jawaharlal Nehru Port (JNPT), ..