Centre approves FRP of Rs 365 per quintal for sugarcane (See 'Corp Brief') IIT-M's First Technology Summit Integrates AI Breakthroughs With Nation-Building (See 'Corp Brief') Centre Pushes Fast-Track Construction of Tribal Schools; Reviews Progress of 728 EMRS Projects (See 'Corp Brief') Cabinet approves Ship Repair Facility at Vadinar (See 'Corp Brief') A&C - Argument having not been raised before Sole Arbitrator, High Court at Sec 11 stage, Commercial Court u/s 34, or in pleadings of present appeal, cannot be permitted to be advanced orally at final stage: HC (See 'Legal Desk') Cabinet approves 3 multitracking projects covering 19 Districts (See 'Corp Brief') India-Japan cooperation in healthcare is guided by a shared vision: Nadda (See 'Corp Brief') Start-ups & MSMEs driving force to realise Viksit Bharat goal: MoS (See 'Corp Brief') A&C - If arbitration clause does not expressly specify seat of arbitration, does not identify definite venue, and does not contain exclusive jurisdiction clause, petition u/s 11(6) may be maintained: HC (See 'Legal Desk') BRO's Project Deepak celebrates 66th Raising Day (See 'Corp Brief') IPR - Appellant is a portal that reproduces university rankings & information available in public domain without alteration, editorial bias, or disparaging commentary - no interim injunction: HC (See 'Legal Desk') Capital Market - If allegation of insider trading under SEBI (PIT) Regulations, 2015 failed entirely, there is no contravention of SEBI Act: SAT (See 'Legal Desk') India witnesses Historic Expansion in Social Security: Mandaviya (See 'Corp Brief') Health Ministry releases RBSK 2.0 Guidelines at National Summit on Best Practices (See 'Corp Brief') NHAI successfully launches India's first Multi-Lane Free Flow Tolling System (See 'Corp Brief') IBC - Since MPID Act falls within State legislative field and attachment mechanism under MPID Act, especially where property already stands attached and vested in State, cannot be overridden by invoking Sec 238 or Sec 96 of IBC: HC (See 'Legal Desk') Goyal congratulates IIFT on 63rd Foundation Day (See 'Corp Brief') Outreach workshop on Atmanirbhar Panchayat Programme held at NIRD&PR, Hyderabad (See 'Corp Brief') Hyderabad should emerge as Global Hub for Yoga and Wellness: Reddy (See 'Corp Brief') IBC - If CIRP period expires without approved resolution plan, separate CoC resolution approving liquidation by 66% voting share is not required for Adjudicating Authority to order liquidation u/s 33(1)(a): NCLAT (See 'Legal Desk') Reining in Misuse of IBC for Recovery (See CORP EINSICHT)

Sahibganj MMT to open up sea trade for Bihar & Jharkhand: MoS

Published: Jul 16, 2019

By TIOLCORPLAWS News Service

NEW DELHI, JULY 16, 2019: THE Union MoS for Shipping, Mr Mansukh Mandaviya, yesterday in Parliament mentioned that the completion date of the Multi-Modal Terminal (MMT) being constructed at Sahibganj in Jharkhand on River Ganga (NW-1) under the Jal Marg Vikas Project is August this year. 

The Minister further mentioned that the Sahibganj MMT is strategically located in the logistic chain of Eastern Transport Corridor of India. Being close to both NH-80 and the Sakrigali railway station, the MMT is expected to boost cargo movement in the area, leading to extensive socio-economic and industrial development of the region. It would also provide alternate route for Nepal bound cargo and open up international markets for sea trade for land locked states of Jharkhand and Bihar.

Mr Mandaviya also informed that the projected traffic volume of Sahibganj MMT is 2.24 Million Tonne Per Annum (MTPA) by 2020-21 and the major cargo expected to be handled are stone chips, coal, cement, food grains, fertilizer and sugar. The MMT is projected to generate employment of 2500 persons.

TIOL CORP SEARCH

TIOL GROUP WEBSITES