Home / Business and Economy / Paradip Port Boosts Cargo Capacity with Rs 1,580 Cr Projects
Paradip Port Boosts Cargo Capacity with Rs 1,580 Cr Projects
21 Aug
Summary
- Seven infrastructure projects worth Rs 427.80 crore were inaugurated.
- Three mechanisation projects totaling Rs 1,580.36 crore were initiated.
- Paradip Port celebrated planting its one-millionth tree, showing environmental commitment.
Paradip Port has seen a significant expansion with the inauguration of seven infrastructure projects totaling Rs 427.80 crore. Union Minister Sarbananda Sonowal officiated the launch, highlighting the port's new 18.5-metre deep-draft capability.
The minister also witnessed the signing of concession agreements for three major mechanisation projects, representing an investment of Rs 1,580.36 crore. These initiatives aim to increase cargo handling efficiency and reduce vessel turnaround times.
A notable environmental achievement was also celebrated, with Paradip Port marking the planting of its one-millionth tree. This milestone underscores the port's dedication to environmental sustainability and green cover expansion.
These investments are part of a broader strategy to transform India's maritime sector, positioning Paradip as a crucial growth multiplier for eastern India and contributing to the nation's economic development.
