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3 ports eye govt stake in DCI, says Gadkari

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New Delhi : There is no question of closure of state-owned Dredging Corporation of India (DCI) as three major ports including Visakhapatnam Port plan to pick up government stake in the company, said Shipping Minister Nitin Gadkari.

“At the department level, we have taken a decision. The three major port are now ready to acquire DCI. We have already submitted cabinet note for approval of the cabinet,” he said. Besides Visakhapatnam, he said Paradeep Port and New Mangalore Port will buy stakes in the company. There is also plan to restructure the company so that professionally it becomes strong, he said.