Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
Saswat Mishra, Principal Secretary/MSME Department and
Capt. Deepak Tiwari, MD of MSC Agency (India) Pvt. Limited signed the agreement
in the presence of Minister Pratap Keshri Deb, Chief Secretary Pradeep Kumar
Jena, and a host of other senior officials and stakeholders from the Government
of Odisha and the Government of India.
Companies and
business entities located in Odisha are doing huge volumes of containerized
cargo exports and imports. At present, they are doing
this almost entirely through seaports outside Odisha, especially through
Kolkata/Haldia and Vizag ports and incurring extra logistics costs which is
making their business that much less remunerative. Moreover, by shifting
export/import activity to seaports outside Odisha, the State is losing huge
opportunities for job creation inside Odisha.
Containerized cargo export/import happening through
Pradeep Port will immensely help exporters and importers of Odisha (by way of
reducing their logistics costs). It will also lead to the generation of a huge
number of direct and indirect employment in Odisha. Moreover, import and export
through Pradeep Port will also generate substantial tax revenue for the State
Government.
MSC is the world’s
largest container shipping company, accounting for about 23% of the Global share. Its feeder ships will come to Paradeep Port twice or thrice a month.
The Exim container cargo of Paradeep Port will be connected to Colombo from
where MSC will take the cargo to any part of the globe in its mother ships
(i.e. larger ships). Once business at Paradeep Port grows, MSC’s feeder ships
will come to Paradeep Port more frequently.
If MSC does not get
enough business at Paradeep, the Government of Odisha will compensate MSC as
per the VGF agreement. MSME Department had floated an advertisement in
November’2023 asking for a VGF proposal from shipping companies. Five shipping
companies, including MSC, had responded to this advertisement. MSC was selected
for the VGF agreement as its VGF requirement was lower than that of the other
four companies.
MSC is likely to start its container cargo
export/import shipping service from Paradeep Port in March 2024.
