Revenue-yielding scrap import to begin in Paradip port

Paradip: Go-ahead signal for carrying out revenue-yielding scrap import operation has been accorded to Paradip port in Jagatsinghpur district.

Import of scraps would generate additional revenue for Odisha’s lone major port.

An official communication from the union shipping ministry in this regard has been received by us. Scrap import activity would be undertaken shortly, an official of Paradip Port Trust (PPT) told this web portal.

Apart from PPT, the major ports owned by the government including Chennai, Ennore, Tuticorin, Kandla, Mumbai, Jawaharlal Nehru Port Trust, Mormugoa, New Mangalore, Cochin, Visakhapatnam, and Kolkata have also been asked by the union ministry to undertake scrap import trade, the PPt official added.

Two private ports at Mundra and Pipavava in Gujarat have also been permitted to handle revenue yielding import of scrap, according to union ministry notification.