NEW DELHI: In an attempt to make headway into India’s shipping industry, the Singapore Government-controlled Jurong Port has evinced interest in setting up port terminals in Orissa and may soon approach the Paradip Port Trust with its proposal.
Singapore’s Jurong Port is keen to set up port terminals in Orissa and may approach the Paradip Port Trust, the State Government of Orissa and also the non-major ports for the same, a Shipping Ministry official told PTI.
The Shipping Minister, Mr G.K. Vasan, during his visit to Singapore last month, had said that India and Singapore have tremendous scope for partnership in this sector, including collaboration in areas like port development, cruise shipping, bunkering and ship building, ship repair and others.
India is looking at investing about $20.8 billion in 276 projects, which are part of the Government’s endeavour to expand 13 major ports in the country.
Jurong Port is Singapore’s only international multi-purpose port operator, the port’s general cargo terminal and bulk cargo terminal are the hubs for steel products, metals, mechanical appliances and machinery, cement, copper slag, sugar and project carg o, among others.
As many as 22 projects are ready for bids as the country is pressing on increasing the port capacity, mostly through public and private sector participation (PPP). Currently, 22 PPP projects are under bidding process and scheduled to be awarded in the cu rrent financial year involving an investment of almost Rs 16,000 crore.
India has completed 24 PPP projects involving an investment of almost Rs 650 crore while 19 PPP projects are under implementation, involving an investment of almost Rs 1,250 crore. — PTI