The Business Bytes
TBB BUREAU
PARADIP, APRIL 25, 2022
Union Minister for Ports, Shipping and Waterways & AYUSH, Sarbananda Sonowal, on Monday inaugurated the newly-developed as well as Odisha’s first ever riverine jetty at the port city of Paradip, in presence of Odisha Minister for Commerce & Transport, Planning & Convergence Padmanabha Behera, Water Resources and I&PR Minister Raghunandan Das and Paradip MLA Sambit Routray.
Inaugurating the riverine jetty, Union Minister Sonowal said that Paradeep will be one of the best destinations for maritime trade and forge better exim (export & import) relations with the neighbouring countries.
The riverine jetty will open up a new dimension to the transport sector with the use of multi-modal transport system. This will also help boost the country’s economy in multiple ways by lowering the load on roadways and railways and by using a lower emission mode. This will further help the industries interested in the utilization of the gypsum as a raw material, the authorities informed.
Indian Farmers Fertilizer Cooperative (IFFCO) Ltd, a leading fertilizer firm in the country, has started the riverine jetty to explore the possibility of using waterways as a feasible mode of transport.
It’s pertinent to note that the jetty was conceptualized by Orissa Stevedores Ltd (OSL), a reputed company in the fields of shipping, mining and in-plant operations, which was also given the responsibility for developing and operating the same.
On February 25, 2021, OSL entered into an agreement with Paradeep Port Authority and IFFCO for development and operation of the jetty.
OSL has achieved this unique feat by redeveloping riverine operations in Odisha after almost a century. Currently, the jetty can accommodate vessels up to 2200 DWT. It plans to develop and expand the facilities to accommodate larger vessels, which can directly cater to neighbouring countries.
“OSL believes that Odisha’s vast river network offers ample opportunities for the trade and commerce in the state which would not only help ease congestion on roads but also reduce carbon footprint, making it one of the most eco-friendly ways of transportation,” said Mahimananda Mishra, Chairman & Managing Director, OSL Group, on the august occasion.
Among others, top management authorities of the Paradeep Port, IFFCO and OSL were also present on the notable occasion.
