Over the past 10 years, India has successfully executed projects such as the Golden Quadrilateral road programme and port expansion projects in the country.
Tag: NMDP
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GST will reduce the share of the unorganised sector in warehousing
The GST is a value-added tax that will replace all other indirect taxes in India. One purpose of the GST is to make taxes ĆĀ“destinationĆĀ“ based rather than origin based, or ĆĀ“efficiencyĆĀ“ based rather than ĆĀ“regulationĆĀ“ based.
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Poor hinterland connectivity is affecting speedy cargo movement
Arvind Mahajan, Partner and Head-Infrastructure and Government Services, KPMG Advisory Services Private Limited, interacts with Janaki Krishnamoorthi on the constraints and issues that need to be addressed in the Indian port sector.
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Revenue model needs to change
In the revenue sharing model, an investor who is investing in the port project should also get some comfort level in the initial years, says Umesh Grover, Group Executive Director, Shipping & Infrastructure, SKIL Infrastructure. There has to be a gestation period but as the cargo increases, the proportion of revenue share should also be increased.
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Govt completes only 82 projects under NMDP
Till December 2012, only 82 of the 276 projects for increasing capacity and modernisation at 12 major ports were completed under the National Maritime Development Programme, official data shows. While the government abandoned some projects under the programme, a large number of the total projects have been delayed. Besides, scores of them are still at the planning stage
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Analysis: No minor task, this
Indian Maritime Agenda 2020 estimates investments at about Rs 274,500 crore. The major challenge would be to create the shelf of projects to attract this level of investment, writes Vikash Sharda.