Industry News

Union Government Decided to Invest in Inland Waterways Infrastructure

On 13th June 2023, The Union Minister of Ports, Shipping and Water Transport is invested in infrastructure related to inland waterways to ensure a smooth transport channel and unlock the economic potential of the country's interior areas. In addition, the Union Government planned to develop a modern integrated office complex at Dhubri Port and construct a new warehouse and road to benefit Bhutan and Bangladesh stakeholders.

India's Prime Minister Narendra Modi's vision of "Transformation through Transport" emphasized the importance of improving the rich and complex interweb of the river system to serve as an effective alternative form of communication for both cargo and passenger transport.

By investing in infrastructure to ensure smooth traffic on inland waterways, and committed to unlocking the value and economic potential of India's interior parts. With a rich history as a thriving river port, Dhubri was poised to unlock huge value, acting as a lynchpin of the region's growth.

The minister further stated that "Due to the huge potential of Dhubri Port, are also considering construction of a modern integrated office complex housing the offices of the Ministry of Ports, Shipping and Water, Ministry of Finance and Ministry of Home Affairs. A new warehouse and a new road are also considered to be built for Dhubri Port, which makes it an attractive proposition, but also provides an opportunity for stakeholders to unlock mutual growth in the region.

Construction of a new warehouse and a new road to Dhubri Port is also being considered, making it an attractive proposition but also an opportunity for our stakeholders to unlock mutual growth in the region.

Given a network of riverine systems, the Modi government identified as many as 21 rivers of the Northeast as National Waterways. To take advantage of this unique opportunity and unlock immense value, the government remains committed to investing in and improving infrastructure. and enabling an environment for all stakeholders to ensure mutual growth and development.

At the stakeholder meeting, stakeholders discussed various issues and opportunities related to  Dhubri Port. These included increased capacity of the bridge, installation of a moveable conveyor, exploration of 24*7 business for rapid movement of heavy goods vehicles and dredging needs, especially during the dry season, to ensure the smooth passage of ships. It was also communicated during the meeting that all the customs processes are digitised at Dhubri Port while the Port at Jogighopa is also likely to be operational this year.

According to TechSci Research report on “India Cement Market By Type (Ordinary Portland Cement {OPC}, Portland Pozzolana Cement {PPC}, Others), By Application (Residential, Commercial, Infrastructure, Industrial, Institutional), By Region, Competition Forecast & Opportunities, 2028”, India cement market is projected to grow at CAGR of 8.98% through 2028 to reach USD 43037.44 million by 2028. The Cement/concrete is the second-most-utilized product in the world after potable water. Based on application, residential is likely to dominate the market due to affordable housing schemes such as the Pradhan Mantri Awas Yojana (PMAY) with a market share of 50.01%. Based on type, India cement market is dominated by Ordinary Portland Cement (OPC) with a market share of 56.76% in 2022.

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