Shipping Minister Nitin Gadkari said that attempts were being made to find alternatives to corporatisation, which was opposed by port employees, for upgrading infrastructure and services, as announced in Budget 2015-16.
¨Finance Minister Arun Jaitley had told us about the Companies Act, but we are looking at other alternatives beyond the Act to modernise and develop the ports,¨ Gadkari declared.
Gadkari said that his ministry was seeking guidance from the finance ministry on the alternatives. He did not elaborate. ¨We don´t want to privatise ports, nor do we want to give any equity to private people. We want to modernise, protect the interest of labour, protect the interest of ports and, at the same time, improve the services of the ports.¨