Business Standard
Sunday, May 27, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Cabinet nod for Andaman & Nicobar as major port
BS Reporter / Chennai Mar 07, 2010, 00:00 IST

The Union Cabinet approved the proposal of the Shipping Ministry to declare Andaman and Nicobar ports as major port and established the Andaman and Nicobar Port Trust with its headquarters at Port Blair, said Union Minister of Shipping G K Vasan.

The strategic location of these Islands will help service large volumes of cargo and large vessel volumes for the neighbouring ASEAN countries.

The cabinet also approved to extend the applicability of the provisions of the Major Port Trusts Act, 1963 to Andaman and Nicobar set of ports and to disband the Port Management Board to transfer its establishment to the proposed Port Trust. It also agreed to bifurcate the Andaman and Lakshadweep harbour works and transfer a part of its establishment to the A and N Port Trust and to take consequential actions with reference to the above declaration.

“The establishment of the Major Port Trust at Andaman and Nicobar islands is expected to give attention to the development of the backward areas of the island group by increasing commercial activities, encouraging tourism, attracting foreign direct investment, supporting Tsunami rehabilitation programmes and various developmental and welfare activities permitted under the provisions of the Major Port Trust Act, 1963,” Vasan said.

The existing major ports are Kolkata, Haldia, Paradip, Visakhapatnam, Chennai, Tuticorin, Cochin, New Mangalore, Mormugao, Jawaharlal Nehru port, Ennore and Kandla.

The shipping activities at A&N Islands are currently managed by the Port Management Board, which is under the A&N Administration. Under the Central jurisdiction, the port now can access budgetary grants. It can be developed as a transhipment port such as Colombo, where majority of Indian cargoes are transhipped.

The administration has a fleet of 70-80 odd vessels — mostly passenger, some passenger-cum-cargo and some pure cargo.

According to the official Web site of Andaman and Nicobar Islands, Shipping Corporation of India offers regular passenger services to Port Blair from Chennai, Kolkata and Visakhapatnam and back. While there are three to four sailings every month from Kolkata and Chennai, there’s a monthly trip from Visakhapatnam.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- IFC plans to invest in Malaysia's Khazanah healthcare arm
- Cong leaders must work together for winning elections: Scindia
- Hotel Leelaventure redeems outstanding bonds worth $41.6 mn
- Ex-Galleon portfolio manager testifies against Rajat Gupta
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- EGoM to now decide on base price for spectrum auction
- Air India pilots wanted a halt to command training of IA pilots
- Rohit Viswanath: The news about soft power
- Traders go long on $-Re , short on Euro-Re
- K Yhome: Myanmar and India - a bridge, and a gateway to the East
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us