Three major ports to acquire DCI
Three major ports, namely, Paradip Port, Visakhapatnam Port and New Mangalore Port will acquire controlling stake in Dredging Corporation of India (DCI), the Shipping Minister, Nitin Gadkari said after a review of the port sector. He said that DCI would undergo modernisation of its operations and would be involved in the inland waterways space. In 2017, the Cabinet Committee on Economic Affairs had approved strategic disinvestment in DCI, along with transfer of management control. The government holds 73.47 per cent of the paid-up equity in the company.