Provisions for allotment of waterfront and land on a captive basis to port based industries including PSUs
GN Bureau | December 2, 2016
The shipping ministry held a consultation meeting with various stake holders on ‘Policy for Award of Waterfront and Associated Land to Port Dependent Industries in Major Ports’. The policy was approved by the cabinet earlier this year and is aimed at bringing uniformity and transparency in the procedure for awarding captive facilities at ports.
The meeting was attended by various stakeholders from companies such as Indian Oil Corporation Ltd, Bharat Petroleum, Mangalore Refinery and Petrochemicals Limited, Adani Ports, SEPC Power Pvt Ltd, NTPC and industry bodies ASSOCHAM and CII.
The companies were encouraged to submit proposals regarding their industrial requirements at various ports which will be studied and worked upon by the shipping ministry of shipping.
Under the existing guidelines for private sector participation in major ports, provisions were made for allotment of waterfront and land on a captive basis to port based industries including central/state public sector undertakings (PSUs) which fulfilled the prescribed eligibility criteria.
Under the new policy, concession will be granted to port dependent industries for setting up dedicated facilities in major ports for import and/or export of cargo and their storage before transportation to their destination, for a period not exceeding 30 years.
The policy will be applicable to all the major ports.
Allocation of waterfront and associated land to port based industries on PPP/captive basis is one of the major areas which have been identified by the shipping ministry for participation/investment by the private sector in major ports. The government has focused on port led development through the Sagarmala program as a key enabler for economic growth.
The Railways was unable to meet its operational cost of passenger and other coaching services. During 2014-15, there was a loss of Rs 33,821.70 crore on passenger and other coaching services. The freight services earned a profit of Rs 38,312.59 crore which indicated that 88.28 percent
Seasoned BJP parliamentarian Nand Kumar Sai, who took charge as the chairperson of the National Commission for Scheduled Tribes (NCST) on February 28, has his work cut out for him. Archana Mishra caught up with Sai, 71, on his first day in office where he
Should there be automatic termination as member of parliament if that person takes oath as minister/chief minister in a state?
When the truth was a few steps away from Modi’s gaze In November 2014, prime minister Narendra Modi made his first visit to his constituency Varanasi and launched a massive cleanliness drive at Asi ghat, which was covered in mud and silt. When locals sa
India has slipped one spot in the Human Development Index 2016. India’s HDI value for 2015 is 0.624 — which put the country in the medium human development category - positioning it at 131 out of 188 countries and territories. Between 1990 and 2015,
An appeal was made to PSUs to contribute funds under their CSR Scheme towards Health Minister’s Cancer Patient Fund-CSR for treatment of poor cancer patients. India Infrastructure Finance Company Limited (IIFCL) contributed an amount of Rs 7.5 crore in 2015-16.