Wednesday, Sep 22 2021 | Time 13:56 Hrs(IST)
Business Economy

Sagarmala to provide fillip to coastal shipping: Dr Malini Shankar

Panaji, Apr 22 (UNI) Director General of Shipping, Dr Malini Shankar, has said that Sagarmala project, launched by the Centre, is expected to integrate coastal trade and provide a fillip to coastal shipping.
Addressing a round table meeting on shipping industry 'An Economic Enhancer for International Trade' organized jointly by World Trade Centre-Goa and World Trade Centre-Mumbai in the city yesterday, she said, ''The government launched the Sagarmala Project which is expected to integrate coastal trade and provide
a fillip to coastal shipping.''
''India is bound by a coastline of 7,500-km with 30 per cent of the population residing in coastal towns and villages.
Shipping industry thus constitutes one of the foremost industries in Indian economy. India’s fleet strength of 1,313 ships represents a three-fold increase since 1990, with a ranking of 18 in the world. Over 95 per cent of India’s trade by volume and 68 per cent of trade in terms of value is transported by sea. Nearly two-third of the fleet in India is engaged in coastal shipping and yet the share of coastal shipping in domestic cargo movement
is only seven per cent. Efforts are being made to increase this share to ten per cent in the next three years,'' she said.
Speaking on the occasion, Captain James Braganza, Captain of Ports Department, government of Goa, said the major operation was the export of iron ore and the department handled 2,60,250 MT of iron ore in 2015-16.
''The Department is in the process of starting a ferry operation from Zuari to Mandovi. Dredging is the primary concern at specific locations mainly in the Zuari and Mandovi rivers affecting the agricultural land. An embankment connecting all rivers from the seabed side is being planned. The Department has
also adopted the Chapora Development Project to convert the village along the Chapora river as an eco-friendly tourist destination,'' Capt Braganza added.
Retired Rear Admiral Shekhar Mital, chairman and managing director of Goa Shipyard Ltd, said GSL was at present concentrating on building the naval ships since the merchant ship building sector was not doing too well. ''Goa Shipyard is planning to construct two missile frigates with Russian collaboration and the project is expected to start in the next two to three years. While the government has exempted excise and customs duty on bunker fuels used in Indian vessels, the ship-building industry could be revived with proper
financial assistance from the government,'' Adm Mital expressed.
More UNI AKM SS NP1928
More News

Mrs Anandi Ramalingam, BEL CMD, win PRCI’s ‘Chanakya Award’ for Good Governance

22 Sep 2021 | 1:53 PM

Bengaluru, Sep 22 (UNI) Mrs Anandi Ramalingam, Chairman & Managing Director of Navratna Defence PSU Bharat Electronics Limited (BEL), has received the Public Relations Council of India (PRCI)’s ‘Chanakya Award’ for Good Governance. BEL received as many as 15 awards instituted by the PRCI for excellence in Communication, Media Relations, Branding, Human Resource Management during COVID-19, etc, at the 11th PRCI Excellence Awards 2021, held in Goa .

see more..

Trejhara wins order from one of the largest logistics firms worth USD3 5 mn

22 Sep 2021 | 1:52 PM

Mumbai, Sep 22 (UNI) Trejhara on Wednesday said has win a order from one of the largest logistics firms, having global presence, for the delivery and implementation of the product upgrade and technology support in relation thereto.

see more..

Ramkrishna Forgings bags order worth Rs 650 million in Mining & Earthmoving segment

22 Sep 2021 | 1:51 PM

Mumbai, Sep 22 (UNI) Ramkrishna Forgings one of the leading suppliers of rolled, forged and machined products has won a non-auto segment order worth Rs 650 million for supply of mining and earthmoving components from an Indian arm of Hitachi.

see more..

Hyundai Electronics launches 4K Ultra HD Smart LED TVs powered by webOS TV

22 Sep 2021 | 1:51 PM

Mumbai, Sep 22 (UNI) Hyundai Electronics, one of the fastest growing Indian consumer durables brands, on Wednesday introduced its new range of 4K Ultra HD Smart LED TVs powered by webOS TV with ThinQ AI voice recognition and Magic Remote. Backed by ARM CA55 1.1 GHz Quad core processor, the 4K UHD Smart LED TVs are four times faster than conventional TVs.

see more..

ISG recognizes UST with two Digital Case Study Awards™

22 Sep 2021 | 1:46 PM

Thiruvananthapuram, Sep 22 (UNI) UST, a leading digital transformation solutions company, on Wednesday announced that it has been recognized by Information Services Group (ISG), a leading global technology research and advisory firm, with two 2021 ISG Digital Case Study Awards™, presented to select IT and business services providers for best-in-class digital transformation work with their enterprise clients.

see more..