A supplementary agreement that was signed by the state of Kerala and Adani Vizhinjam Port Pvt Ltd would aid the hastening pace of revenue sharing from the deep-water international seaport in Vizhinjam, located near Thiruvananthapuram. The agreement modification would mean receiving a far bigger share of revenue from the port much before time, with tremendous growth prospects of state income …
India’s largest commercial shipbuilder, Cochin Shipyard Ltd, is in talks with Oil and Natural Gas Corporation (ONGC) for a $550 million contract. A proposed deal will see two offshore jack-up oil drilling rigs constructed to replace some old rigs ONGC is currently employing. The two parties will greatly help in the country’s offshore energy sector, adding strength to the drilling …
The Deendayal Port Authority (DPA) has announced a monumental plan to expand Kandla Port’s capacity to 390 million tonnes per annum (MTPA) by 2030. This ambitious expansion is a part of India’s broader effort to modernize its maritime infrastructure, strengthen its position in the global trade arena, and accommodate the growing demands of both domestic and international markets. Kandla Port, …
India’s huge coastline extending extensively inside along with an immense inland system of waterways plays an extremely vital role for India’s trades, commerce, and transport movement in its states as well as towards countries out of its limits. Thus, this has major economic implications, linking this land towards economic progress within it as well as elsewhere. In this article, we …