Agrawal looks to Improved growth projections
(Posted on 06/12/20)
Rajiv Agarwal, Managing Director and Chief Executive Officer, Essar Ports, has given his reaction to the Reserve Bank of India’s monetary policy.
“We appreciate RBI’s efforts to maintain an accommodative stance. The unchanged Repo rate is understandable despite a spurt in inflation, which has been primarily driven by disruptions in supply chain, excessive margins and indirect taxes. However, it is imperative that going forward there is a cap on lending rates for low cost funding in order to boost the demand, the growth and the new wave of investments. This and the central bank’s recent measures along with appropriate reforms for an Atmanirbhar Bharat will definitely fuel the country’s economic revival. Improved growth projections are also reflective of an optimistic recovery led by a visible increase in urban and rural demand.”
Essar Ports specializes in development and operations of ports and terminals for handling dry bulk, break bulk, liquid and general cargo. It is one of the largest private sector port operators in India in terms of capacity and throughput. It has four operational terminals in India—one each in Hazira and Salaya (both in Gujarat) on the west coast, and in Visakhapatnam and Paradip on the east coast. The current operational capacity of the port terminals in India is 110 MTPA.
Shipping season on the Great Lakes closed on 8th January and at the combined ports of Hamilton and Oshawa... Read more
The total throughput of Port of Antwerp in 2020 amounted to 231 million metric tonnes of cargo, a fall... Read more
The Great Lakes Towing Company has named two new tugs, the Pennsylvania and Wisconsin, at the Cleveland... Read more
David Ryan, Chairman of the New Orleans based Mississippi Valley Trade and Transport Council (MVTTC),... Read more
The Port of Gdansk has announced that key projects within the largest investment programme in its history... Read more
Abu Dhabi Ports have announced a freeze on rent escalation during 2021 for all businesses in its Industrial... Read more
Flying the flag of the Netherlands, the M/V Erasmusgracht arriving from Lake Charles, Louisiana, was... Read more
The announced acquisition by Hamburger Hafen und Logistik AG (HHLA) of 50.01 percent of the multi-function... Read more
The Port of Le Havre’s Supervisory Board has awarded a concession for the construction and operation... Read more
The Federal Kushiro is the first vessel to call the Port of Trois-Rivières in 2021. It docked... Read more