PSUs told to submit proposals regarding ports -Governance Now

PSUs told to submit proposals regarding ports

Provisions for allotment of waterfront and land on a captive basis to port based industries including PSUs

GN Bureau | December 2, 2016

#IOCL #Indian Oil Corporation Ltd #Bharat Petroleum #NTC #Ports #Shipping #PSU

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.

Comments

Other News

‘Oral cancer deaths in India cause productivity loss of 0.18% GDP’

A first-of-its-kind study on the economic loss due to premature death from oral cancer in India by the Tata Memorial Centre has found that this form of cancer has a premature mortality rate of 75.6% (34 premature events / 45 total events) resulting in productivity loss of approximately $5.6 billion in 2022

Days of Reading: Upendra Baxi recalls works that shaped his youth

Of Law and Life Upendra Baxi in Conversation with Arvind Narrain, Lawrence Liang, Sitharamam Kakarala, and Sruti Chaganti Orient BlackSwan, Rs 2,310

Voting by tribal communities blossoms as ECI’s efforts bear fruit

The efforts made by the Election Commission of India (ECI), over last two years, for inclusion of Particularly Vulnerable Tribal Groups (PVTG) communities and other tribal groups in the electoral process have borne fruit with scenes of tribal groups in various states/UTs participating enthusiastically in t

GST revenue for April 2024 at a new high

The gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%). After accounting for refunds, the net GST

First Magahi novel presents a glimpse of Bihar bureaucracy a century ago

Fool Bahadur By Jayanath Pati (Translated by Abhay K.) Penguin Modern Classics, 112 pages, Rs 250 “Bab

Are EVs empowering India`s Green Transition?

Against the backdrop of the $3.5 billion Production-Linked Incentive (PLI) scheme launched by the Government of India, sales of Electric Vehicles (EVs) are expected to grow at a CAGR of 35% by 2032. It is crucial to take into account the fact that 86% of EV sales in India were under the price bracket of $2