Early Lok Sabha elections unlikely, says Vasan
Capacity of major Indian ports will increase by 51 million tonnes per annum due to 42 capacity augmentation projects at a cost of Rs. 14,750 crore, said Union Shipping Minister G.K. Vasan on Saturday.
Addressing reporters after distributing various benefits under Corporate Social Responsibility (CSR) initiatives of the Ennore Port Ltd., he said that as on March 28, a total of 32 projects had been awarded at a cost of Rs. 6,800 crore.
It would increase the capcity by 136 tonne per annum.
He said major ports spent 3 to 5 per cent of their profits towards CSR programmes and Ennore Port allocated Rs 2.72 crore for the current year.
The contribution from the Chennai Port Trust was Rs. 75 lakh and VOC Port in Tuticorin Rs. 3 crore.
Asked whether the Congress could be comfortable with the company of other political parties after the DMK quit the United Progressive Alliance, Mr. Vasan said the Congress would complete its full term in office and implement all welfare programmes.
He said that the country was unlikely to face early elections to the Lok Sabha.