Visakhapatnam, July 13 : Union Shipping Minister Nitin Gadkari on Friday ruled out privatisation of Dredging Corporation of India (DCI) and said the company will be acquired by three major ports and made more efficient.
He added that there was no question of closing down the state-owned company either.
Gadkari's remarks came amidst reports of the government planning to sell its entire 73 per cent stake in the company which is under the administrative control of the Shipping Ministry.
"We have taken a decision at the department level and we are just waiting for the Cabinet approval. Three major ports -- Visakhapatnam Port, Paradeep Port and New Mangalore Port -- are now ready to acquire the government stake in the Dredging Corporation of India," he said.
The Minister added there were also plans to restructure the company so that it becomes more efficient and stronger, and could take projects not only in India but also abroad.
"So, the question does not arise about the closure of Dredging Corporation of India," he said.
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Bajpe: A private bus and a lorry collided head-on near Bellibettu bus stand on Wednesday, leaving both drivers seriously injured.
According to sources, the private bus was travelling from Mangaluru to Karkala and a lorry was heading towards Mangaluru.
The impact of the collision was severe, leaving the front portions of both the bus and the lorry completely crushed.
According to locals, the drivers of both vehicles were trapped inside the mangled vehicles and had to be rescued by cutting parts of the damaged vehicles using a gas cutter. Passengers travelling in the bus sustained minor injuries.
The injured drivers were shifted to a private hospital in the city for treatment. Personnel from the Bajpe police station visited the spot, conducted an inspection, and registered a case.
Meanwhile, it has been learnt that during the rescue operation, a local resident, Rafiq Gurupura, found around Rs 6 lakh in cash while cutting open parts of the bus.
The amount was subsequently handed over to the Bajpe police. The rescue operation was carried out by locals including Rafiq, Shivarama, Raoof, Fazil and others.
