Adani Ports acquires a 95% stake in Gopalpur Ports Limited
NewsThe acquisition is subject to approval from the Commerce and Transport Department, Govt. of Odisha, and Adani expects it to be completed by Q1 FY25.
Slowly down the Ganges
StandardIndia aims to breathe new life into its extensive inland waterways as cost-effective arteries for the transport of bulk cargo.
New Delhi has placed the reinvigoration of its vast network of inland waterways at the centre of its drive to modernise and update the nation’s port infrastructure for the 21st century. Although India had a long history of using waterways, this was supplanted in the 19th century as the ruling British built its railway system. Now much of its existing shipping channels, canals and navigation assets are in a state of disuse or disrepair. The government wants to make more use of India’s rivers with their proximity to industrial production and demand centres.
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