Port and shipyard sector attracts majors investments at Vibrant Gujarat.

The state run Gujarat Maritime Board signed MoUs worth over INR 110,000 crore with various companies for enhancing its cargo handling capacity and building of shipyards, at the Vibrant Gujarat Summit 2011.

Official said that a total of 97 MoU were signed by GMB with various companies for handling bulk cargo, LNG, coal, crude oil and petrochemicals, expansion of existing ports, development of Greenfield ports, shipbuilding & repairing yard complexes, creation of maritime city and mid sea refueling facility etc.

Mr Pankaj Kumar vice chairman and CEO of GMB said “The current traffic handling capacity of GMB ports is 270 million tonnes per annum, which will be increased to 500 million tonnes per annum by 2015, and to 1,000 million tonnes per annum by 2020.”

Mr Kumar said that the shipbuilding and ship repairing sector also attracted considerable interest from developers as they proposed massive projects along the state's 1,600 kilometers long coast. He said “The shipbuilding segment attracted MoUs worth INR 31,000 crore. The current shipbuilding capacity of Gujarat is 1 million DWT, which is set to increase in the coming years.”

1. Adani Group will invest INR 18,000 crore for developing a south port and a north port near Mundra through its subsidiary Mundra Port and SEZ Ltd. It will also be coming up with a single point mooring facility at Mundra and bulk cargo terminal at Hazira in south Gujarat.

2. Essar Group signed two MoUs, proposing an investment of Rs8,100 crore for expansion of its existing deep water jetty at Hazira, and extension of captive coal jetty & new port facilities at Jamnagar.

3. Infrastructure company GVK has proposed a maritime city with an investment of INR 7,000 crore. The companies will also plan to set up Greenfield port projects.

4. Sterling Group will invest INR 6,000 crore for a port at its special economic zone

5. Shapoorji Pallonji will set up a similar facility at Chhara near Junagadh.

6. L&T will bring in INR 5,500 crore at Kutchigarh for a Greenfield port.

7. Universal Success Enterprise will pump in INR 5,000 crore for a port at Bhogat near Okha in Saurashtra.

8. Gujarat Pipavav Port, the first private port in the state, has expansion plans worth INR 1,700 crore.

9. Lanco Infratech will set up a terminal with an investment of INR 1,700 crore.

10. GSPC will infuse INR 4,000 crore for a liquefied natural gas terminal. It will handle this project in partnership with the state Department of Ports and Transport.

11. Marine shipbuilding parks at five different locations are also under consideration, mostly near Bhavnagar and Dahej.

12. ABG Shipyard signed two MoUs totaling INR 3,700 crore for expansion of new shipyard at Suva and its facilities at Jageshwar.

13. Dahej Offshore will invest INR 1,000 crore

14. Bhavnagar based Modest Infrastructure will infuse INR 800 crore.

15. Bajaj Hindustan has proposed a sugar jetty with an investment of INR 500 crore.

16. Mazagon Dock, GMR Group, ONGC and Reliance Industries have plans to set up coal terminals.

17. The Container Corporation of India will set up a logistics park.

18. The oil majors Hindustan Petroleum and Bharat Petroleum will set up bunkering facilities to enable ships to refuel without having to dock at the ports.

19. Anupam Industries will invest INR 300 crore in over dimensional cargo movement projects, which are part of roll on roll off service meant to transport machinery through sea route instead of the roads or railways.

20. Gujarat Energy Research and Management Institute and GMB will have projects for environment-friendly functioning of the ports.

21. POL India Agencies has proposed shipbuilding and ship repairing yard complex at an investment of INR 3,000 crore at Jodiya in Jamnagar.

22. Shiva Shipbuilders and Maritime Infrastructure signed MoUs for shipbuilding and ship repairing yards respectively at an investment of INR 2,500 crore each.

Source : PTI and other agencies