Sunday, April 28, 2013

Vasan targets 30 ports development project worth Rs 25,000 cr in 2013-14


Chennai:
Union shipping ministry has finalized an action plan for the financial year by targeting 30 port development projects worth Rs 24,633 crore.

Addressing a gathering of EXIM fraternity from South India during the TCC Exim Achievement Awards Function, organised by the Tamil Chamber of Commerce and Chozha Naachiar Foundation in Chennai on Friday night, Union Shipping Minister G K Vasan said that the shipping ministry has finalized an action plan to bring additional capacity of 288.48 Million Metric Tonne per annum at an estimated investment of Rs 24, 633 crores.

Vasan said that steps taken by the Shipping Ministry in the last few years are showing excellent and positive results. As a result of various efforts that and with the active participation of private sector, Indian port sector would grow stronger and stronger, said Vasan.


He also said that Ports are the gateway for EXIM trade and any deficiency will greatly affect the county’s EXIM trade and competitiveness for industries.

 Vasan said that the government has been paying constant attention on construction and development of deep draft berths, navigation channels, development of cargo facilities, mechanization of berths, installation of modern cargo handling equipment and construction of multi-lane concrete roads.

He said the maritime agenda that formulated by the Ministry of Shipping in January 2011 identified priority areas and gives a road map for achieving the target in terms of creation of world class port facilities  in the country.

Chozha Naachiar Rajasekar, President, TCC, recalled the prominent role played by the Union Shipping Minister G K Vasan in developing port sector in the country.

Speaking on the occasion Tamil Nadu governor  K Rosaiah highlighted that state’s industry friendly policies has made Tamil Nadu a front ranking state and a place for starting new ventures. He said Chennai has emerged as electronics and electronic manufacturing hub of India.
He also said that Tamil nadu is the second largest economy after  Maharastra and the second most industrialized state after Maharashtra.

Rosaiah also complemented Chozha Naachiar Rajasekar, President, TCC, for putting in great efforts to encourage and motivate the exporters, importers, shipping fraternity by instituting awards for their outstanding performance.

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