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Centre sanctioned ₹100 crore for modernisation of fishing harbour, says VPT Chairman
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‘A state-of-the-art cold storage facility with a fish processing centre will be developed’
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‘A state-of-the-art cold storage facility with a fish processing centre will be developed’
The proposed modernisation of the fishing harbour is on course and the Union government has already sanctioned ₹100 crore for it.
The Union government has also assured to scale up the sanction to ₹150 crore, if the modernisation proves profitable to the fishing community and value is added to the existing facility, said Visakhapatnam Port Trust Chairman K. Rama Mohana Rao.
VPT handles 69.84 million tonnes of cargo during FY2020-21
Visakhapatnam, Apr 3 (UNI) Visakhapatnam Port Trust (VPT) has handled 69.84 million tonnes of cargo during the fiscal 2020-21.
The VPT recorded a shortfall of about three million tonnes during the financial year 2020-21 as against 72.72 million tonnes achieved during the previous fiscal, VPT Chairman K Rama Mohana Rao said at a press conference here on Saturday.
Though the Port Trust had shown its resilience against severe disruption in supply chains and economic downturn due to COVID-19 pandemic, it maintained third position among major ports for the second consecutive year, he said.
The Chairman said the VPT could restrict the decline to four percent whereas the decline recorded 7 per cent in all major ports in the country.
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Ranks third among major ports for second successive year
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VPT has signed about 27 MoUs worth around ₹28,875 crore and ongoing projects are on schedule, says its Chairman K. Rama Mohana Rao. | Photo Credit: DEEPAK KR
Ranks third among major ports for second successive year
The Visakhapatnam Port Trust grossed up 69.84 million tonnes for the fiscal 2020-21, which is about 4% less than that of the previous year’s 72.72 million tonnes.
Of the 69.84 MT, about 38.73 MT were imports and 30.08 MT were export cargoes. The remaining was under transhipment, as year the closed.
Addressing the annual press conference here on Saturday, the Chairman of VPT, K. Rama Mohana Rao, said that despite COVID-19 pandemic hitting the all-round trade, the port was able to come close to its target and was successful in keeping its third position among major ports intact for the second successive year. This was also the third highest annual cargo throughput achieved by
Andhra Pradesh: Visakhapatnam Port Trust Signs Pacts Worth Rs 30,000 Crore For Expansion Plans
A ship anchored at Visakhapatnam Seaport (Abhijit Bhatlekar/Mint via Getty Images)Â
Ahead of the Maritime India Summit 2021 which is scheduled to begin from 2nd March, the Visakhapatnam Port Trust (VPT) on Friday (26 February) has signed memorandum of understanding (MoUs) worth about Rs 30,000 crore with various industries and government agencies, reports
The New Indian Express.
The pacts were inked for capacity expansion, beach nourishment, development of fishing harbour, LPG plant and various other projects.
Hindustan Petroleum Corporation Limited (HPCL), ArcelorMittal Nippon Steel India (AM/NS India), Dredging Corporation of India, JD Fisheries and Integral Logistics Services are some of the entities that have entered into an agreement with VPT.