Summary
Gujarat received investment proposals worth Rs.35,000 crore for port projects from companies including Infrastructure Leasing and Financial Services Ltd (IL&FS) on the first day of the Maritime India Summit in Mumbai. Apart from IL&FS, the state signed an agreement with Simar Port Pvt. Ltd and a tripartite accord with the Union shipping ministry and the Indian Ports Association, according to a statement on Thursday by the Gujarat Maritime Board (GMB), the regulator for all non-major ports and maritime activities in the state. IL&FS plans to develop a completely integrated maritime complex at Nana Layja in Gujarat’s Kutch district at a potential investment of Rs.10,049 crore. Simar Port,......