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PPT woos investors at Jajpur Road by organising Trade Meet

As part of promotional campaign to attract Cargo Traffic as well as investment, Paradip Port Trust organised a Trade Meet on 20.09.2017 at Jajpur Road after a gap of almost of 3 years to highlight various initiatives undertaken in operational areas, on-going and up-coming projects and Trade Facilitation measures taken by PPT to the valued customers.The campaign focused on the incentives offered by PPT, the upcoming projects within the Port Area and the investment climate, says a release.       

Shri N. Vaiyapuri, Dy. Chairman, PPT in his keynote address told that PPT has clocked 89 MMT cargo handling last year and this year it is vying for the coveted 100 MMT mark. Till date in this fiscal, it has emerged as the fastest growing Port among the Major Ports in the country by clocking 12% growth. It is handling the highest Dry Bulk Cargo of about 59 MMT. The Port has current installed capacity of 143 MMT per annum which will rise another 45 MMT on completion of 4 on-going projects by 2020.Bringing fair competition in cargo handling operations, PPT has enforced 2 cardinal principles i.e. Importers/Exporters are free to appoint any licensed stevedores for handling cargo at PPT. As well, the stevedores are free to engage equipment from any source without any restriction. It has ultimately resulted in reduction of handling cost approximately from Rs. 140/- to Rs. 100/- per tonne. Port railway haulage charges has been discontinued for EOL loading and due to removal of Labour levy for steel cargo, additional Steel Cargo of about 4.5 lakh tonnes was attracted till date in the current fiscal. After a gap of 2 years, IOHP resumed its operation, which facilitated export of Iron ore pellets for the first time. Presently average Pre Berthing Detention is about one day as against 2.5 Days in 2014. In recognition of significant improvement, in the performance parameters, PPT bagged Best Performance Award for the year 2015-16 from Ministry of Shipping.

Regarding infrastructure front, Inner Harbour will be developed for handling Cape Size vessel in FY 2021. Western Dock will be developed with 2 Berths of 15 MMTPA capacity each under captive policy for handling fully laden Cape Size vessels. On completion of the above projects, PPT will become No. 1 Port in terms of cargo traffic as well as Port Capacity among the Major Ports. The construction of Multipurpose Clean Cargo Berth will be operational by March, 2018. Also, Concor will operate Port side Container Terminal developed inside the Port shortly. These facilities will fulfill the long felt need of the Container Trade in Odisha. A Smart Port City is coming up with Multimodal Logistics Park and Industrial Park. Under Trade Facilitation and Ease of Doing Business, PPT has taken initiatives like introduction of on-line plot allotment, online billing, RFID and is on course for setting up of Call Centre for answering to the Trade Enquiries 24x7.

ShriB.B. Patnaik, Asst. Commissioner of Customs, Shri A. Tripathi, DOM, ECoR, S.A. Rahman, Sr. GM, Concor, Shri B. Mishra, VP, UCCI and Shri U.K. Dubey, TMILL were among the other dignitaries who addressed the gathering. The Trade Meet included a presentation by Shri A.K. Sahoo,DTMhighlighted the Port Performance and the status of the infrastructure projects. There was an interactive session between the representatives from the industry and the dignitaries present. The delegates felt that the interaction with the concerned govt. officials present was immensely helpful to them.Shri S.K. Mishra, TM(I/C), PPT gave the welcome address and Shri S.K. Sahu, FA & CAO offered the vote of thanks.   

                  

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