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Thursday / November 21. 2024

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HomePosts Tagged "Central government of India"
AgroPolicy, India, Supply Chain, Transportation

On completion, Vadhavan Port will be one of the top 10 ports of the world.

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved setting up a Major Port at Vadhavan near Dahanu in Maharastra. The Project will be constructed by Vadhavan Port Project Limited (VPPL), an SPV formed by Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB) with a shareholding of 74 per cent and 26 per cent, respectively. The Vadhavan Port will be developed as an all-weather Greenfield deep draft major port in Vadhavan, Palghar District, Maharashtra.

The total project cost, including the land acquisition component is Rs.76,220 Crore. This will include development of Core infrastructure, Terminals and other commercial infrastructure in public-private partnerships (PPP) mode. The cabinet also approved establishing the road connectivity between the Port and National Highways by Ministry of Road Transport & Highways and rail linkage to the existing rail network and the upcoming Dedicated Rail Freight Corridor by Ministry of Railways.

The Port will comprise nine container terminals, each 1000 meters long, four multipurpose berths, including the coastal berth, four liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth. The Project involves the reclamation of 1,448 hectares of area in the sea and the construction of 10.14 km of offshore breakwater and container/cargo storage areas. The Project will create a cumulative capacity of 298 million metric tons (MMT) per annum, including around 23.2 million TEUs (Twenty-foot equivalents) of container handling capacity.

The capacities created will also aid EXIM trade flow through IMEEC (India Middle East Europe Economic Corridor) and INSTC (International North South Transportation Corridor). The world-class maritime terminal facilities promote public-private partnerships (PPP) and leverage efficiencies and modern technologies to create a state-of-the-art terminal capable of handling mainline mega vessels plying on international shipping lines between the Far East, Europe, the Middle East, Africa and the Americas. Vadhavan Port, on completion, will be one of the top ten ports of the world.

The Project, aligned with the objectives of PM Gati Shakti program, will add to further economic activity and also have the potential for direct and indirect employment opportunities for around 12 lakh individuals, thereby contributing to the local economy.

On completion, Vadhavan Port will be one

AgroPolicy, India, Trade, Vegetables

The central government had already planned to keep 3 lakh tonnes of onions on hand as a buffer stock for the 2023-24 season.

In order to improve domestic availability and stabilize soaring onion prices, the government on Saturday imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market. The Finance Ministry through a notification imposed a 40 per cent export duty on onions till December 31. The export duty comes amid reports that onion prices are likely to rise in September.

The move comes in the context of the government using trade-related measures to combat inflation. The government has already placed restrictions on the export of wheat and rice. Earlier, the Centre had reduced the import duty on edible oils.

The central government had already planned to keep 3 lakh tonnes of onions on hand as a buffer stock for the 2023-24 season. The government kept 2.51 lakh tonnes of onion as a buffer stock in 2022-23. If rates rise dramatically during the low supply season, a buffer stock is kept on hand to meet any emergencies and to keep prices stable.

Rabi onions harvested between April and June account for 65 percent of India’s onion production and sustain consumer demand until the Kharif crop is harvested between October and November.

The central government had already planned to

AgroPolicy, Finance, Schemes - Govt

The mangoes in this cluster will be known as ‘Kakori brand’

During the inauguration of ‘Uttar Pradesh Mango Mahotsav-2022’, Uttar Pradesh Chief Minister Yogi Adityanath announced that the Centre has approved a mega cluster of mangoes in Lucknow and Rs100 crore will be spent on it in the next five years. The event also witnessed the presence of UP’s Agriculture Minister Surya Pratap Shahi and Minister of State (Independent Charge) for Horticulture Dinesh Pratap Singh.

“Under the guidance of Prime Minister Narendra Modi, the central government has approved a mega cluster of mangoes in Lucknow on which ₹100 crore will be spent in the next five years,” Adityanath said.

The Chief Minister also highlighted that the mangoes in this cluster will be known as ‘Kakori brand’, which will be a true tribute to the great heroes of Kakori as part of the ‘Azadi ka Amrit Mahotsav’.

Earlier, the chief minister visited the mango exhibition organised by the Horticulture and Food Processing Department, released the festival souvenir and honoured progressive farmers of the state, according to an official statement.

The mangoes in this cluster will be