07 November, 2013

A delegation under the leadership of GK Vasan, minister of shipping will be visiting Japan from November 7 to November 12, on the invitation of Akihiro Ohta, minister of land, infrastructure transport and tourism, government of Japan

India and Japan decided to strengthen their cooperation in the shipping sector, said Union Minister of Shipping G.K. Vasan, ahead of his visit to Japan today at the invitation from Mr. Akihiro Ohta, Japan’s Minister of Land, Infrastructure, Transport and Tourism.

The visiting delegation from India will have discussions with the Japanese Government for better coordination with Japanese companies to utilize facilities at Indian Ports, especially Ennore and Chennai Ports, said the ministry in a statement. Mr. Vasan will also lead discussions for obtaining funding from the Japan International Cooperation Agency (JICA) for the Outer Harbour project of VOC Port, Thuthikoodi.

The Government of Japan had earlier shown interest in developing Chennai-Bangalore Industrial Corridor as part of Penninsular Region Industrial Development corridor (PRIDe) of India. Ennore Port has been identified as one of the main logistic hub in this industrial corridor development. JICA has already commenced a study for the purpose.

The visiting Indian delegation consists of Secretary (Shipping) Mr. Vishwapati Trivedi, CMD of Ennore Port Ltd., Mr. M.A. Bhaskarachar, and other officials of the Shipping Ministry. The delegation besides meeting the political leaders, government officials and business leaders during their visit, would be visiting the Port of Yokohama and Port of Nagoya to see the port operations and the latest technologies being utilized in these two Ports.

Japanese automobile manufacturing companies like Toyota, Mitsubushi, Isuzu, Nissan and Toshiba have been using Chennai Port for importing automobile components through containers for their factories located in Chennai. The Japanese Company M/s Metal One (Mitshubishi group) is importing steel coils used for automobile through Chennai Port in the break bulk form. Around 240 Japanese companies have developed businesses in and around Chennai in the last decade.

Various Japanese Companies have also been evincing a lot of interest in enhancing their use of the Ennore Port. At present, Nissan Motors India and Toyota are the major Japanese Companies using the Ennore Port facilities for their export. Nissan Motors has exported about 3 lakhs cars from Ennore Port. Toyota has so far exported 42,000 cars from the Port.

27 October, 2013

Take 100% benefit out of the welfare schemes of the government - GK Vasan

People should take full benefit out of the welfare schemes of the government G.K. Vasan, Union Minister of Shipping, urged the people. The Minister was addressing after inaugurating the three-day-long Bharat Nirman Public Information Campaign at Medavakkam near Chennai today, organised by PIB.  People should visit such awareness campaigns and know about all the welfare schemes and the ways & means to get full benefits, Shri Vasan asked the gathering. In this direction, the Minister commended the Public Information Campaigns that have been organized for the past seven years with the aim of enlightening the people about the various welfare/developmental schemes. For the benefits of the schemes to reach the common people, every one, right from Ministers to Panchayat leaders and the common people, should be involved, he noted. The exhibition that had been put up on the sidelines of the Campaign with more than 40 stalls highlights the priority schemes of the government. People should visit each and every stall, ask questions, and know about the schemes thoroughly.  The UPA government at the Centre has been implementing various welfare schemes for the common people for the past nine years, for both rural and urban people, Shri Vasan pointed out. The Bharat Nirman schemes are implemented under the direct supervision of the Prime Minister. These schemes provide all the basic facilities in the rural areas, like drinking water, irrigation, electricity, telecommunication, medical, housing, etc. The government wants the rural areas to have same basic facilities like in cities, he added.  Some of the priority schemes of the government are Right to Information, PM's 15-point programme for the welfare of the minorities, Jawaharlal Nehru New Urban Renewal Mission, etc., the Minister highlighted.  Shri Vasan noted with pride the implementation of MGNREA out of which 4.8 crore families are benefited. Since 2006 till 2013, Rs. 2, 38,400 cr. has been spent on the programme. He pointed out that the mid-day meal scheme, the world's biggest such scheme, was thought of and implemented some 60 years back itself by the visionary leader, Shri K. Kamaraj, who also introduced the uniform system for students so that there will not be any social differences among the students while studying.  This mid-day meal scheme has now been implemented throughout India by the UPA government. During 2013-14, Rs. 13,215 cr. has been allocated for this, out of which 12.5 crore students are benefited. Another important scheme is Food Security Scheme, which benefits 63% of rural population and 37% of urban population. Rs. 1, 27,000 cr. is the fund allocated for this, Shri Vasan said.  For education, Rs.27, 258 Crore has been allocated to ensure education for all, which has benefited 20 Crore students and drastically reduced non-school going number. Similarly for the welfare of SC/ST, Rs. 66,158 crore has been allocated, which is 12% more than last years. For minorities, the fund allocated is Rs. 3,514 crore, which is again 14% more. The government is also focusing on the welfare on women & children, for which Rs. 1, 74,370 cr. has been allotted, The opening of all-women bank is a step in this direction, Shri Vasan pointed out.  Shri Vasan noted that such campaigns are conducted for creating awareness about the schemes for which huge sums are allocated by the government. So people should fully utilise such opportunities and know about the schemes to reap full benefits out of the schemes.  Later, Shri Vasan observed that all the sections of the society, cutting across narrow political interests, must join the efforts of the government in implementing welfare schemes. The Minister also released 12 booklets brought out by PIB on the welfare schemes. He also handed over loan benefits to various groups/students, organised by Indian Bank.  Earlier, Shri K.M. Ravindran, Addl. Director General, PIB, Chennai, welcomed the gathering. Thousands of people from various sections of the society, including Women SHG members, students, etc., participated in the event.

26 October, 2013

GAIL signs MoU with Paradip Port for setting up LNG terminal at Odisha

Gas Authority of India Limited (GAIL) signs memorandum of understanding (MoU) with Paradip Port for setting up LNG terminal. S. S. Mishra, Chairman, PPT, and Sanjib Datta, Executive Director, GAIL(I) Ltd, signed the MoU in the presence of Union Shipping Minister G. K. Vasan, Shipping Secretary Dr Viswapati Trivedi and the chairmen of several major ports, among others.

Union Shipping minister GK Vasan said the LNG terminal at Paradip would put Odisha in the world LNG map, besides ushering in a new era in economic development for the state.

GAIL proposes to set up the first phase facility with a capacity of four million tonnes per annum (4.8 mmtpa in a peak condition) and a storage capacity of 170,000 cubic metres, to be doubled in the second phase. The first phase work will entail an investment of Rs 3,108 crore.

PPT will spend Rs 650 crore towards construction of a breakwater and dredging required for the project and GAIL the balance Rs 2,458 crore. Barring unforeseen developments, the project should be ready in four years by 2017

Cochin Shipyard pays Rs 16.99-cr dividend

Cochin Shipyard Ltd has paid a dividend of Rs 16.99 crore to the Union Government for the fifth consecutive year.

The dividend cheque was handed over to Shipping Minister G.K. Vasan by CMD of CSL Commodre K. Subramaniam in New Delhi.

The dividend consists of Rs 1.5 per equity share on the 11,32,80,000 fully paid equity shares of Rs 10 each.

In addition, the yard has also contributed Rs 158 crore to the exchequer by way of VAT, income tax, fringe benefit tax, excise duty, customs duty and service tax during the year 2012-13.

The highlight of this year’s performance was the launching of Vikrant, the first indigenously built aircraft carrier.

DIVERSIFIED PRODUCTS

A diversified product mix of Defence and commercial shipbuilding orders and vigorous ship repair activity had helped the company to navigate through the severe downturn in the industry witnessed from 2007 onwards.

The company’s turnover increased five-folds from Rs 373 crore in 2005-06 to Rs 1,554 crore in 2012-13 and the net profit doubled during the period from Rs 94 crore to Rs 185 crore.

With a net worth of Rs 1,200 crore, the present book value of the company’s shares of Rs 10 is Rs 105.

EXPANSION

In order to maintain the growth momentum, CSL has identified projects for expansion.

The yard has identified considerable potential in the ship repair business, owing to lack of commensurate facilities in the country, a press release said.

BIGGER DRY DOCK

It is also exploring the possibility of setting up a bigger dry dock in CSL for

Kariyawasam’s remarks not in good taste: Vasan

Union Minister of Shipping G.K. Vasan on Friday said Sri Lanka’s High Commissioner Prasad Kariyawasam had overstepped his bounds by commenting that only those who did not participate in the Commonwealth Heads of Government Meeting (CHOGM) would face isolation.

At a time when pressure was mounting from Tamil Nadu on the Central government to boycott CHOGM, especially after the State Assembly adopted a resolution in this regard, Mr. Kariyawasam’s remarks were not in good taste. “It is an important issue involving a lot of emotions and the Indian government is studying the situation. He has clearly overstepped his brief,” Mr. Vasan told The Hindu.

Kudankulam project

The Minister said the constant efforts taken by the Union government and the good work of scientists had produced a positive result in the Kudankulam Nuclear Power Project. “There is an expectation among the people of Tamil Nadu that the State should get more power generated from the first unit. We will try to ensure it,” he said.

Mr. Vasan said the Congress-led UPA government had formulated various schemes keeping in mind the specific needs of the people in every State. “The State government should not view them politically and ensure that the people are benefited from the scheme,” he said.