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    Creation of world-class infra at ports important for India to become $5 trillion economy: Venkaiah Naidu

    Synopsis

    Venkaiah Naidu called for developing all Indian ports on par with other global ports and said the creation of world-class infrastructure at ports was important for India to become a USD 5 trillion economy. He added that India has an excellent opportunity for port-led development as ports were inevitable for exports and imports.

    NEW DELHI: Creation of world-class infrastructure at ports is important for India to become a USD 5 trillion economy, Vice President M Venkaiah Naidu said on Saturday.

    He also called upon all the chairpersons and administrators of ports to make these facilities more energy-efficient and environment-friendly as such efforts were needed to counter climate change, an official statement said.

    Interacting with the chairpersons of major port trusts during the 'Chintan Baithak' being held by the Ministry of Shipping in Mamallapuram, the Vice President stressed upon the need to harness India's vast coast for the sustainable growth and development of the country.

    He called for developing all Indian ports on par with other global ports and said the creation of world-class infrastructure at ports was important for India to become a USD 5 trillion economy.

    He added that India has an excellent opportunity for port-led development as ports were inevitable for exports and imports.

    Further, he advised the ports to adopt best practices to effectively utilise their financial resources to derive maximum benefits.

    Naidu asked them to reduce logistics cost, dredging expenditure and also improve turnaround time.

    "We need to create more transshipment hubs on either side of the coasts," he said.

    The three-day Chintan Baithak, ending on Sunday, is an endeavour towards discussing and finding solutions to various challenges being faced by the ports and mapping out the prospects of their growth and development.
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    9 Comments on this Story

    Valerian Pereira315 days ago
    Total Logistics:
    AIR/SEA.LAND.Rail connectivity .at all 9 Coastal states.
    set up Top class Industrial Zones: parks: corridors: belts.
    like in Japan: Korea: Taiwan.
    Set up SMLHInductries.
    with Japan: Germany: Korea: Taiwan.: Scandinavians: Europeans etc.
    build the best. well defined INFRASTRUCTURE so the manufacturers can ship out their Goods/products/service s the same day..
    Hariom Sharma322 days ago
    GOOD IDEA TO BUILD HUGE PORTS BUT SIDE BY SIDE YOU MUST BUILD UP HUGE MANUFACTURING BASE FOR EXPORT.OTHERWISE INVESTMENT IN PORTS WILL BE A DEAD INVESTMENT WITH HUGE OUTGO ON INTEREST.GULF HAS HUGE PORTS BUT THEY HAVE HUGE EXPORTS OF CRUDE AND HUGE IMPORTS OF THEIR DAILY NEEDS.
    NoShortCutToSuccess322 days ago
    I worked in a Gulf fort for 25 years starting 1984. Very large main line vessels avoid INdia. Because they are made to wait at anchorage for 3 days. Each hour costs such ships 1L USDi.e 70 lakk rupees to idle. PLUSunionised port workers fix a fee such as Rs.800 bribe for every container handled. HENCE INDIA WAS GETTING ONLY FEEDER VESSELS. Unless Ports are privatised and unions are banned and corrupt people are shot dead at sight, nothing will imporve Mr.Venkaiya naidu. HIGH TIME IMPOTENT MONKEY BATH MAN'S GOVT STOPS TALKING AND STARTS SENDING FEAR DOWN THE SPINE OF USELESS ENTERTAINMENT DROWNED, MEDICORE, INEFFICENT, INCOMPETENT, NON-COMPETITIVE, OFTEN RESORTING TO STRIKES OR SOME OTHER POLITICAL PROTESTS, SELF ENTITLED WORK FORCE. Ban unions. Link 50% salary to performance. ELiminate protesting, striking inciting leftist anti-nationals. THERE IS NO SHORT CUT TO SUCCESS
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