'Major ports add record 94-MT capacity'

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The 12 major ports in the country saw capacity addition of a record 94 million tonne (MT) last fiscal ended March 31, earning Rs4,268 crore profit in various Government initiatives, Union Minister Nitin Gadkari on Saturday said. Projects worth Rs72,818 crore have been awarded for ports modernisation as well as new development, he said, adding that contracts worth Rs60,000 crore would be awarded by May 26. “Financial Year 2015-16 has been historic for the Ports sector in India, with 94 MT capacity added through 34 capital investment projects which is the highest in major ports history,” he said. 

Daily Pioneer
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