The draft Indian Ports Bill, 2020, has many positives, but it should safeguard state autonomy and plug holes. The wish list is for an act that will make Indiaās coastline future-ready ā safe harbours, unimpeded access, water deep enough for the largest vessels, no risk of noise, dirt and danger associated with loading and unloading...
Tag: ports sector
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Govt is striving to bring investments into ports: Vasan
The Union Shipping Minister GK Vasan has said on November 27 that the government is making continuous efforts to attract investment in the ports sector for augmentation of freight. Vasan said that Belgium is India's second largest trading partner with more than 150 Belgian companies in India with interests in dredging, chemicals, engineering goods, electronics and software etc.
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AP commands lion’s share in ports sector: Assocham study
According to a study by Associated Chambers of Commerce and Industry of India (Assocham) Andhra Pradesh commands the lion's share of over 46 per cent with three projects worth over Rs 20,000 crore under construction in ports sector under PPP model. Odisha accounts for second highest share of about 17 per cent in value terms in ports sector.
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Soaring investment potential
Despite a largely sluggish SEZ segment, uncertain cabotage laws and now a TAMP regulation on lower tariffs
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A proactive approach needed
While global peers in the ports sector are offering enormous value added services including SEZ's for years,