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Feb 07, 2011, 04.44 PM IST
The government is working on a new policy to promote coastal shipping in the country, reports Hindu Business Line, quoting Shipping minister GK Vasan.
On plans for the sector, he said a target had been set of quadrupling India's port capacity to 3200 million tonne over the next 10 years.
Vasan said the port and shipping sector has seen a 23.8% growth in exports during the 2004-05 to 2008-09 period.
Source: The Hindu Business Line
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