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Corporatisation of major ports

Corporatisation of major ports

The Union Government is planning to convert 12 of the 13 major ports into companies to improve efficiency and competitiveness. The ports currently operate as trusts. The shipping ministry has initiated the process for appointing a consultant for corporatisation. Currently, the 12 major ports controlled by the Union government are run as trusts under the Major Port Trusts Act, 1963. Ennore Port in Tamil Nadu is the only exception.

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