Emerging Trends Advisors Co., Ltd.
306/82 Moo.10, Nongprue, Banglamung,
Chonburi 20150 Thailand

Home » Emerging Trends Advisors » Gujarat’s ports attract Rs 36,000 crore investment

Gujarat’s ports attract Rs 36,000 crore investment

Jan 19, 2019 | Asia, Emerging Trends Advisors, India

Indian and foreign firms committed an investment of nearly Rs 36,128 crore in Gujarat’s ports sector at the ninth Vibrant Gujarat Global Investors Summit on Friday.

Port of Amsterdam signed atripartite agreement for developing a cruise terminal in Porbandar. An agreement was signed with Gujarat Maritime Board (GMB) and JM Baxi & Co. A cumulative investment of Rs 800 crore is envisaged in developing the cruise terminal.

Chicago-based EagleRail Container Logistics, which has patented a technology to evacuate containers and other cargo directly from ships to the port area, also signed an MoU with GMB. If implemented, Gujarat ports could show the way to other ports in India in significantly reducing congestion and pollution.

“We are considering setting up ERC’s facility in ports like Porbandar or Magadalla. If dirty cargo like coal is handled through this system, it will help us create more infrastructure like cruise terminals which otherwise can’t be developed at such ports,” said a senior GMB officer.

Make an Enquiry
Fill out the form and a member of our team will get back to you shortly.Usual response time 1-2 hours.

Mike Wychocki, chairman, ERC, told TOI: “The technology is an adaptation of overhead, suspended monorail for passenger movement. It was invented approximately some seven years ago due to a demand for a non-road and non-ground rail container movement solution to take containers in and out of the ports.”

Article Source : timesofindia.indiatimes.com

Leave a Reply

Login With Emerging Trends Advisors Or Register With Emerging Trends Advisor

Up to 15% Returns on Investment

Fixed return investments fully backed by properties.

*15% p.a. paid at the end of the term on capital gain option*


Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.

Thai Citizenship Step-By-Step Guide

Thai Citizenship Step-By-Step Guide

Thai Citizenship Step-By-Step Guide: Foreigners with a Thai Spouse Immigration law in Thailand provides an expedited path to citizenship for those who have deep connections to the country through marriage, which means you can now apply for Thai citizenship without the...

ETA Client Alert | Hotel Operators

ETA Client Alert | Hotel Operators

ETA - Client Alert | Hotel Operators Thailand's National Council for Peace and Order (NCPO) issued Order No. 6/2562 on 12 June 2019, to temporarily suspend the enforcement of town planning and local building control regulations on specific buildings that are used for...



Flexible Terms

3 year investment plan, ideal for first-time investors.

Flexible Payment Options

Option to receive interest payments monthly or quarterly.