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Govt ports set for rate wars

Govt ports set for rate wars

Five of the 12 ports owned by the Union government have recently won large rate hikes from the rate regulator, some in excess of 100 perf cent, after putting up with low rates for many years. The increase has set the stage for these ports to adopt a dynamic pricing policy based on market conditions to stem diversion of cargo and compete effectively with private ports that already have full freedom to set rates.

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