Home » Ministry to exempt new projects from TAMP norms

Ministry to exempt new projects from TAMP norms

Ministry to exempt new projects from TAMP norms

Shipping ministry decided to exempt the regulation of the fixation of tariffs by the Tamp (Tariff Authority for Major Ports) for new port projects.

However, the decision to abolish the tariff setting regulator’s oversight is “in principle”, the ministry said.

The move would enable private players to take decisions for their own good and according to the market dynamics.

This was informed by the Shipping Secretary PK Sinha on the sidelines of the 14th Maritime States Development Council meeting.

He also said that the ministry would come out with a final policy soon. This may go a long way in deregulation of the tariff fixation and would encourage more and more private players to set up new ports, new terminals and berths, Sinha added.

The regulation of major port tariff by TAMP has benefited some minor ports which could attract greater traffic.

For example, Mundra port, which is a non-major port, is reported to have benefited through the diktats of the Tamp as traffic has moved out of places like the state-owned JNPT (Jawaharlal Nehru Port Trust), which is overseen by the Tamp.

According to reports, the private sector operators like DP World and APM have lowered the volume handling because of the prescribed lower tariffs, forcing shifting of goods to ports like Mundra.

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