Tech Mahindra to Manage Indian Ports
Indian Ports Association (IPA) has appointed Tech Mahindra as the Managed Service Provider for five major ports. This is the first such outsourcing deal in the major ports.Tech Mahindra will build and maintain an enterprise business system (EBS) to modernise and automate port processes at five Central government-owned port at Mumbai ,Kolkata, Chennai, Deendayal Port and Paradip Port Trust.This initiative is a major step towards integrating the maritime sector and fostering growth…
Indian Ports to Go Green
The Indian Ministry of Shipping, as a part of its ‘Green Port Initiative’ has been emphasizing on use of renewable sources of energy to power Major Ports across the nation. The Ministry aims to set up 91.50 MW of solar energy capacity at the twelve Major Ports and 45 MW of wind energy capacity by the two Major Ports of Kandla and V. O. Chidambaranar. Major Ports have started the process of setting-up renewable energy projects by investing Rs.704.52 crores ($ 104 million) in these projects.
India Proposes New MCA for Port Sector
India's Shipping Ministry on Thursday proposed a new model concession agreement (MCA) to attract more private sector investments in the development of port infrastructure. The proposed MCA will replace the existing agreement which came into existence in January 2008. "The proposed MCA has taken into account the suggestions provided in various reports by Member Planning Commission (2010), Indian Ports Association (IPA-2015) and Kelkar Committee Report (2015)," says a press release from the Ministry.
Maritime India Summit Attracts $12.5 billion Investment
The first ever Maritime India Summit in Mumbai has resulted in attracting investments worth Rs 82,905 crores ($12.5 billion), says the Ministry of Shipping. A total of 141 MoUs and Business Agreements were signed by various players in maritime sector including Major Ports, State Maritime Boards and PSUs like Shipping Corporation of India, Cochin Shipyard Limited, Inland Waterways Authority of India etc. Some of the major Indian companies who have signed agreements include the Adanis, Jindal, Vedanta, ESSAR, and Shapoorji Pallonji Company.
Antwerp Port Expands Activities in India
Port of Antwerp International (PAI), the international consulting and investment subsidiary of the port of Antwerp, and APEC, maritime training and education, conduct their activities in India strongly. Recently, under the impetus of the Indian Ministry of Shipping, signed an agreement with the Indian Ports Association PAI gives the order to develop the major Indian ports, called major ports, jointly audit and a joint optimization project. In connection with the execution of this contract there are two teams of PAI in India to screen the ports of Kandla and Paradip.