The Shipping Ministry will award 30 port projects during the current financial year, which are likely to come up at an investment of about Rs 25,000 crore (Rs 250 billion).
These projects will be undertaken by BMC, Mumbai Metropolitan Region Development Authority, Maharashtra State Road Development Corporation.
Last week, the Union Cabinet decided to import 1.2 lakh tonnes of onions to improve the domestic supply and control prices, which touched Rs 100 per kg earlier this month.
It is also felt that under the current market conditions, the building is unlikely to garner the kind of funds expected from a prime real estate at Nariman Point
The proposal to sell the building to state-owned Jawaharlal Nehru Port Trust also comes after the government's efforts of Air India strategic disinvestment failed to take off.
As the BJP is set to form the next government in Maharashtra on Friday, industry experts want the new chief minister to expedite the delayed infrastructure projects in the state and revive investment in key sectors by removing bureaucratic bottlenecks.
There is no word yet on the progress of rescue operations for the accommodation barge SS-3 and the Sagar Bhushan oil rig.
The Indian Meteorological Department, meanwhile, warned of intense spell of 30 to 50 mm rainfall per hour with strong winds in Mumbai and suburban areas.
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