Home Energy News Port & Dam News India set to double ports capacity by 2025: Gadkari

    India set to double ports capacity by 2025: Gadkari

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    indian portIndia is set to double its ports capacity to 3000 million tonnes (MT) by 2025, Union Minister, Nitin Gadkari said. The capacity of ports stood at 1,500 MT in 2015. He also said that an investment of Rs 60,000 crore will be made in the port sector by May 26 this year. He said investments worth Rs 2 lakh crore were expected in the Maritime India Summit to be held in Mumbai from April 14 to 16. The Minister said while the first ever Maritime India Summit 2016 is scheduled to be inaugurated by Prime Minister, Narendra Modi in Mumbai on April 14 is in pursuance of the Government’s policy of giving prime importance to developing the country’s infrastructure. The objective of the three-day Summit from 14th to 16th April 2016 is to attract potential investors to the vast opportunities that the various components of the Maritime Sector have on offer, he said. Forty countries in addition to India and Korea, which is the partner country, will participate in the Summit. A Special Ship Museum is being created at the venue by famous Art Director, Nitin Desai. This museum has depiction of India’s glorious maritime history and heritage.

    Image: worldmaritimenews.com

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