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July 29th, 2014
India’s Port Infrastructure to Get a Big Push

The recent budget passed by the BJP-led National Democratic Alliance Government at the Centre has rekindled hopes for significant improvement in the port infrastructure in the State. Union Finance Minister Arun Jaitley in his maiden budget speech said development of ports was critical for boosting trade and 16 new port projects are proposed to be awarded this year with a focus on port connectivity to 14 more sea ports in respect of specified import and export goods. The State has 14 notified non-major ports and one major port (Visakhapatnam) along its 996-km coastline and it has actively encouraged private sector to improve the port infrastructure. Read more in The Hindu