{"id":225243,"date":"2020-02-06T10:30:48","date_gmt":"2020-02-06T05:00:48","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=225243"},"modified":"2020-02-06T09:54:01","modified_gmt":"2020-02-06T04:24:01","slug":"cabinet-gives-in-principle-approval-for-setting-up-a-new-major-port-at-vadhavan-in-maharashtra","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/02\/06\/cabinet-gives-in-principle-approval-for-setting-up-a-new-major-port-at-vadhavan-in-maharashtra\/","title":{"rendered":"Cabinet gives in-principle approval for setting up a new Major Port at Vadhavan in Maharashtra"},"content":{"rendered":"

The Union Cabinet has given its ‘in-principle’ approval for setting up a Major Port at Vadhavan near Dahanu in Maharashtra.<\/span><\/p>\n

The total cost of the project is likely to be Rs 65,544.54 crore.<\/p>\n

Vadhavan port will be developed on “landlord model”. ASpecial Purpose Vehicle (SPV) will be formed with Jawaharlal Nehru Port Trust (JNPT) as the lead partner with equity participation equal to or more than 50% to implement the project. The SPV will develop the port infrastructure including reclamation, construction of breakwater, besides establishing connectivity to the hinterland. All the business activities would be undertaken under PPP mode by private developers.<\/p>\n

The position of JN Port, the biggest container port in India is 28th\u00a0<\/sup>in the world with a traffic of 5.1 million TEUs (Twenty-Foot Equivalent Units). Even after the completion of the 4th terminal at JN Port with a capacity increase upto 10 million TEUs by 2023, it will stand as the 17th<\/sup>largest container port in the world. With the development of Vadhavan port, India will break into the countries with the top 10 container ports in the world.<\/p>\n

Maharashtra has India’s largest container port at JNPT which caters to the hinterland of Maharashtra, North Karnataka, Telangana and secondary hinterland of Gujarat, Madhya Pradesh, Rajasthan, NCR, Punjab and Uttar Pradesh. There is a need for a deep draft port that will accommodate the largest Container Ships in the world and also cater to the spillover traffic from JNPT port once its planned capacity of 10 million TEUs is fully utilized. JNPT and Mundra, the two largest container handling ports of the country (for mid-size container ships only), have drafts of 15 M and 16 M respectively, while the world’s largest container-handling modern deep draft ports require a draft of 18M-20M. The Vadhavan port has a natural draft of about 20 meters close to the shore, making it possible for it to handle bigger vessels at the port. Development of Vadhavan port will enable call of container vessels of 16,000-25,000 TEUs capacity, giving advantages of economies of scale & reducing logistics cost.<\/p>\n

The ever increasing size of container ships makes it imperative that a deep-draft container port on West Coast of India is developed. Increasing containerization of cargo in the wake of the value-added manufacturing sector makes it important to prepare our port infrastructure for handling value-added import and export to facilitate manufacturing activity. Container traffic in the JNPT hinterland is expected to grow from 4.5 MTEUs currently to 10.1 MTEUs by 2022-25 when JNPT’s potential will be fully exhausted. The demand for container traffic will further accelerate after the plans for improving logistic infrastructure fructify and the ‘Make in India’ push drives greater exports and manufacture sourcing to India.<\/p>\n

\n

Cabinet<\/strong><\/p>\n

[Press Release dt. 05-02-2020]<\/span><\/p>\n

[Source: PIB]<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Union Cabinet has given its ‘in-principle’ approval for setting up a Major Port at Vadhavan near Dahanu in Maharashtra. The total <\/p>\n","protected":false},"author":8808,"featured_media":209514,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29535,4],"tags":[30554,31035,39489],"class_list":["post-225243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet_decisions","category-legislationupdates","tag-cabinet","tag-maharashtra","tag-major-port-at-vadhavan"],"yoast_head":"\nCabinet gives in-principle approval for setting up a new Major Port at Vadhavan in Maharashtra | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/02\/06\/cabinet-gives-in-principle-approval-for-setting-up-a-new-major-port-at-vadhavan-in-maharashtra\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet gives in-principle approval for setting up a new Major Port at Vadhavan in Maharashtra\" \/>\n<meta property=\"og:description\" content=\"The Union Cabinet has given its ‘in-principle’ approval for setting up a Major Port at Vadhavan near Dahanu in Maharashtra. 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The Board of Trustees of Kolkata Port Trust in its Meeting held on 25th February, 2020 has also passed a Resolution to re-name Kolkata Port as Syama Prasad Mookerjee Port, Kolkata considering his multifaceted genius\u2026","rel":"","context":"In "Cabinet Decisions"","block_context":{"text":"Cabinet Decisions","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/cabinet_decisions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":186664,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/02\/08\/cabinet-approves-changes-major-port-authorities-bill-2016\/","url_meta":{"origin":225243,"position":1},"title":"Cabinet approves changes in the Major Port Authorities Bill 2016","author":"Saba","date":"February 8, 2018","format":false,"excerpt":"The Union Cabinet has approved the incorporation of the Official Amendments to the Major Port Authorities Bill 2016, which is pending in Parliament. The Amendments are based on the recommendations of the Department-related Parliamentary Standing Committee. Following changes are being incorporated: (i) The number of the Labour representatives to be\u2026","rel":"","context":"In "Cabinet Decisions"","block_context":{"text":"Cabinet Decisions","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/cabinet_decisions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":70461,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/09\/17\/comments-invited-on-draft-bill-of-major-port-authorities-act-2016\/","url_meta":{"origin":225243,"position":2},"title":"Comments invited on draft Bill of Major Port Authorities Act, 2016","author":"Saba","date":"September 17, 2016","format":false,"excerpt":"Draft Bill of \u2018Major Port Authorities Act, 2016\u2019 uploaded on Ministry\u2019s Website for Comments from Various Stakeholders The Ministry of Shipping has prepared a draft Bill \u201cMajor Port Authorities Act, 2016\u201d to replace the Major Port Trusts Act, 1963.\u00a0 With a view to promote the port infrastructure and facilitate trade\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/ports.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/ports.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/ports.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/ports.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/ports.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":211682,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/09\/sebi-exemption-from-public-announcement-of-open-offer-for-acquiring-shares-where-no-change-in-control-of-target-company-post-takeover\/","url_meta":{"origin":225243,"position":3},"title":"SEBI | Exemption from public announcement of open offer for acquiring shares, where no change in control of Target Company post-takeover","author":"Bhumika Indulia","date":"March 9, 2019","format":false,"excerpt":"Securities and Exchange Board of India: The Board comprising G. Mahalingam as Whole Time Member, allowed a consortium of port trusts exemption from making a public announcement of open offer for acquiring shares of a mini-ratna public sector undertaking (PSU), opining that the takeover would cause no change in ultimate\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":244129,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/02\/19\/major-port-authorities-act-2021\/","url_meta":{"origin":225243,"position":4},"title":"Major Port Authorities Act, 2021","author":"Bhumika Indulia","date":"February 19, 2021","format":false,"excerpt":"On February 17, 2021, the Major Port Authorities Act, received the assent of the President which will replace the previous Major Port Trusts Act, 1963. Purpose of the Act: The Act is enacted to provide for regulation, operation and planning of Major Ports in India and to vest the administration,\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":257659,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/11\/24\/major-port-authorities-corporate-social-responsibility-rules-2021\/","url_meta":{"origin":225243,"position":5},"title":"Major Port Authorities (Corporate Social Responsibility) Rules, 2021","author":"Prachi Bhardwaj","date":"November 24, 2021","format":false,"excerpt":"The Ministry of Ports, Shipping and Waterways has notified the Major Port Authorities (Corporate Social Responsibility) Rules, 2021 vide notification dated November 22, 2021. \u00a0 Key highlights: The Rules shall apply to the major Ports of Chennai, Cochin, Deendayal (Kandla), Jawaharlal Nehru (Nhava Sheva), Kolkata, Mormugao, Mumbai, New Mangalore, Paradip,\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/ports.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/ports.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/ports.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/ports.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/ports.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/225243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=225243"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/225243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/209514"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=225243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=225243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=225243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}