G20 Trade Ministers reach Consensus against Weaponization of Food through Coercive Trade Actions (See 'Corp Brief') Robotics to become accelerating tool in Every Specialty of Medicine: MoS (See 'Corp Brief') NITI Aayog organises National Workshop on SDG Budgeting in Kolkata (See 'Corp Brief') IPR - Fraudulent mobile applications deceptively imitating Plaintiff's branding and falsely projecting themselves as official investment platforms, deserves to be taken down: HC (See 'Legal Desk') First Tigress in Buxa Tiger Reserve released under Tiger Reintroduction Programme (See 'Corp Brief') CBN destroys over 10.84 tonnes of seized narcotic drugs (See 'Corp Brief') CRIT and IIFT organise three-day Orientation Course on Trade Negotiations (See 'Corp Brief') APEDA Facilitates FPO-led Export of Frozen Food Products from Haryana to Canada (See 'Corp Brief') PMLA - Provisional attachment invalid where material at hand does not show how in absence of provisional attachment, the properties could be so disposed off so as to frustrate confiscation proceedings: SAFEMA Tribunal (See 'Legal Desk') Ministry of Mines virtually launches Auction of Two Offshore Mineral Blocks (See 'Corp Brief') IPR - Goodwill of partnership is partnership asset, and only partners have right to property of firm subject to contract: HC (See 'Legal Desk') BHASHINI showcases Multilingual AI Solutions at GatiSheel Jammu & Kashmir 2.0 (See 'Corp Brief') IPR - Cable operator's licence did not extend to hotel's commercial use, as definition of subscriber under Cable Television Networks (Regulation) Act prohibits further transmission to any other person: HC (See 'Legal Desk') Ministry of Labour & Employment expands 'Shram Samvad' outreach across industrial clusters (See 'Corp Brief') A&C - Orders where Courts of Record refrain from exercising contempt jurisdiction are not appealable under Section 19 of CC Act: HC (See 'Legal Desk') Reddy inaugurates E-Waste Collection Stall (See 'Corp Brief') IBC - Regulatory fee introduced by Insolvency and Bankruptcy Board of India with effect from Oct 01, 2022, is neither ultra vires IBC nor violative to Art 14 of Constitution: HC (See 'Legal Desk') An unsuccessful 'success fee' litigation (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