Kandla Port strike to hit farm trade

Kandla Port strike to hit farm trade
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First Published: Tue, Feb 19 2008. 01 39 AM IST
Updated: Tue, Feb 19 2008. 01 39 AM IST
Ahmedabad: The indefinite strike called by traders at the Kandla Port in Gujarat from 3 March could seriously hit the import of fertilizers and edible oils, as well as the export of soya meal extracts and rice, according to an official at the port.
The port handles 76,390 tonnes of cargo every day and could lose at least Rs600 crore a day from the strike, which has been called to press for the renewal of land lease agreements and dredging, officials of the Gandhidham Chamber of Commerce and Industry (GCCI) said.
Salt production on the port’s land is also likely to be hit as traders there join the strike demanding the renewal of lease agreements. The area around Kandla accounts for about 15% of the total edible salt production in the country.
“The last lease expired in 2004 and Kandla Port Trust has approved the renewal of lease but the ministry of shipping is yet to give its final seal of approval,” said Ashok Sharma, a former president of GCCI. Some officials said this made them ineligible for loans from financial institutions.
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First Published: Tue, Feb 19 2008. 01 39 AM IST