The Centre on Saturday will invite expressions of interest (Eol) for the development of an international container transshipment port at Galathea Bay of Great Nicobar in the Bay of Bengal, the ministry of ports, shipping and waterways said on Friday.
The project, which is being complemented by an airport, a power plant, and a township, is estimated to cost ₹72,000 crore. The port's cost has been set at ₹41,000 crore by the Centre and will be undertaken on a public-private partnership (PPP) mode.
Close to 850,000 trees may have to be felled for the project.
Despite the numerous environmental issues brought to the fore during the conception stage of the project, the Centre finally decided to go forward with it, seeing an economic opportunity in southeast Asia's maritime trade, it is learnt.
"Currently, nearly 75 percent of India's transhipped cargo is handled at ports outside India. Colombo, Singapore, and Klang handle more than 85 percent of this cargo. Of this 85 percent, Colombo Port handles more than 45 percent. Indian ports can save $200-220 million each year on transhipment cargo (with this port).
この記事は Business Standard の January 28, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Standard の January 28, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Plan logistics: MoE to CBSE on two board exams a year
The Ministry of Education (MOE) has asked the Central Board of Secondary Education (CBSE) to work out logistics for conducting board exams twice a year from the 2025-26 academic session, according to sources.
Rushdie at the cutting edge
I began my review of Victory City thus: \"Rejoice, for Salman Rushdie,.
Most SC/ST candidates fight with no backing from political party
ANOUSHKA SAWHNEY New Delhi, 26 April The participation of political contestants belonging to the ☐ scheduled caste and scheduled tribe has shown a declining trend over the years.
INDIA'S GAMBIT
What is behind the explosion of chess talent in the country, and what does it augur for the game?
Innovation funds: High-risk bets that are apt for seasoned investors
Failure rates among innovators tend to be high; concentrated portfolios make these funds volatile
Bajaj Finance sinks 8% amid rising NIM pressure
Brokerages bearish, anticipate NIM compression in FY25
Strong execution key for Tech Mahindra to achieve 3-year targets
The market could not make a clear assessment of Tech Mahindra with the stock swinging wildly in the last two sessions.
Mkts wrong to hope worst of geopolitical crises over: Wood
Global financial markets are wrong in hoping that the worst is over in geopolitical crises such as the Iran-Israel conflict and the Russia-Ukraine war, wrote Christopher Wood, global head of equity strategy at Jefferies, in a recent note to investors called 'GREED & fear'.
Post-LS elections gaining streak: Will Nifty IT do it again?
Usually, general elections cast a spell of sorts on Dalal Street.
BSE to shell out regulatory charge to Sebi more as
Move follows clarity on turnover fee paid by bourses