The central government has allowed the Adani Group-owned port at Krishnapatnam in Andhra Pradesh to import petroleum into India by sea in public interest.
The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal attended the 83rd convocation of Dakshina Bharat Hindi Prachar Sabha (DBHP), Madras in Tamil Nadu's Chennai on Saturday.
Speaking at the silver jubilee celebrations of the Kamarajar Port trust in Chennai, Sonowal said that by 2047, India will be among the top ten maritime nations in the world.
Assam Chief Minister Himanta Biswa Sarma met Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal at his official residence here and extended an invitation to the Union Minister to attend the Advantage Assam Summit 2.0 in Guwahati in February next year.
The Northeast region has received an increase of more than 300 per cent in the budget outlay, since 2014, said Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Friday.
"The ability to scale and grow using internal cash flows in the case of Adani Ports gives us strong comfort on the intrinsic equity value of such a business, which in turn reduces the scope for credit stress" says JP Morgan report.
Sarbananda Sonowal, Union Minister of Ports, Shipping, and Waterways, on Tuesday informed the parliament that the government has awarded around 75 port development projects in major ports in the last three years.
The Central Government, in coordination with Goa government, is developing Goa as a major cargo and cruise destination, Ministry of Ports, Shipping and Waterways said in a release on Tuesday.
The balance sheet and performance of Adani Group's key businesses, including ports, cement, and green energy improves over time says a report by Bernstein.
The credit rating of Gopalpur Ports Limited (GPL) has been upgraded to CARE AA; Stable by Care Edge Ratings following its acquisition by Adani Ports and Special Economic Zone Limited (APSEZ).
Highlighting the 'Cruise Bharat mission', Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal informed the Parliament that there are currently six major ports that have cruise terminals in the country.