Gujarat ports to attract an investment of Rs.50,000 crore by 2015

With 110 million tons of sea-borne cargo handled in 2009, a year impacted by the global economic and financial markets crisis, Germanys biggest universal port fell short of the previous years result by around 30 million tons. The ports of Los Angeles and Long Beach will receive a stronger surge in imports than previously expected in the first half of 2010. The port sector in Gujarat which handles more than one-fifth of Indias total cargo, will attract an investment of Rs50,000 crore by 2015, according to the Gujarat Maritime Board .

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