In this current 12th Five Year Plan (2012-2017), the Union Shipping Ministry has decided to earmark Rs 73,793.95 crore for port sector to develop various projects. India has a total of 187 minor ports and 13 major ports spread across its nine maritime states.
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Tag: Union Shipping Ministry
Govts move to give more powers to TAMP opposed
The Union Shipping Ministry's move to give more powers to the Tariff Authority for Major Ports (TAMP) has been opposed strongly by the Planning Commission. The Commission has strongly objected to the move of undermining the provisions of the model concession agreement in determining the performance standards of major ports and linking tariff to the performance of ports. The Commission said this would lead to ambiguity and disputes.
Changes made to draft guidelines for major ports
Some key changes were made in the draft guidelines on free pricing for services in major ports following the change of secretary in the union shipping ministry.
Rs 3 tn by 2020 in port sector
Union Shipping Ministry last year unveiled a new policy for the sector that entails an investment of Rs 3 lakh crore by 2020 to take Indian ports
Vizag vs Gangavaram
The Visakhapatnam port has improved its performance from the last financial year, but it is still likely to fall short of the target set by the Union Shipping Ministry.
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