Centre approves development of container terminal at Tuna-Tekra, Deendayal Port

As part of the project, an estimated cost of Rs 4,243.64 crore will be on the part of the concessionaire and an estimated cost of common user facilities of Rs 296.20 crore will be on the part of the concessioning authority toward development of common user facilities

FP Staff|Oct 12, 2022, 16:29:28 IST

New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved development of Container Terminal at Tuna-Tekra, Deendayal Port on Build, Operate & Transfer (BOT) basis under Public-Private-Partnership (PPP) mode.

One of the 12 major ports in India, Deendayal Port is located on the West Coast of India, in the Gulf of Kutch in Gujarat. It primarily services northern India, including the land locked Jammu and Kashmir, Uttar Pradesh, Madhya Pradesh and Rajasthan.

On commissioning of the project, it shall cater to the future growth in container cargo traffic. From 2025, a net gap of 1.88 million TEUs shall be available which can be catered by tune Tekra Development of a state-of-the-art container terminal at Tuna-Tekra will give it a strategic advantage as it will be the closed container terminal serving the vast hinterland of northern part of India (Jammu and Kashmir, Uttar Pradesh, Madhya Pradesh and Rajasthan). In addition to increasing the business potential of Kandla, the project will boost the economy and generate employment.

EU slaps Google with $1 billion antitrust fine over Play Store and Search practices

European Commission says Google unfairly favoured its own services on Search and the Play Store, violating the Digital Markets Act; the company calls the decision harmful to businesses and consumers.

1 min read

Brent crude flirts with $100, reigniting inflation and forex concerns for India

Experts say a prolonged rally above $100 per barrel is unlikely, but sustained high oil prices could push up inflation, widen the current account deficit and pressure the rupee.

2 min read

Can a record May offset a shrunk international schedule and help IndiGo turn a profit?

Record domestic market share boosts operating performance, but forex losses, rising oil prices and geopolitical disruptions could weigh on IndiGo's bottom line.

3 min read

China has dominated Myanmar’s rare earth mines — now India eyes deal to harness country’s critical minerals

India is deepening rare earth cooperation with Myanmar as New Delhi seeks alternative sources of critical minerals dominated by China, including dysprosium and terbium used in EVs, defence systems and clean energy technologies

6 min read

JPMorgan to hire 1,000 technology professionals for India GCCs amid AI-led transformation

Wall Street banking giant to expand hiring across cloud, cybersecurity and AI data pipeline roles as it strengthens its India Global Capability Centres despite AI-driven workforce optimisation.