“The policy envisages grant of concession to port dependent industries (PDIs) for setting up dedicated facilities in major ports for import and/or export of cargo and their storage before despatch to their destinations for a period not exceeding 30 years,” the shipping ministry said. The ministry has invited comments on the land allocation draft policy from stakeholders by September 29.
“The government is committed to improving the level and quality of physical and social infrastructure in the country... Allocation of waterfront and associated land to port-based industries on a PPP/captive basis is one of the areas which have been identified for participation/investment by the private sector in major ports,” it said. The port-based industry is one which requires 100 per cent captive berths/back-up area for import of raw material or export of finished goods.
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“The objective of this policy is to generate committed business for major ports on a long-term basis by facilitating development and operation of dedicated facilities by industries, substantially dependent on it for import and/or export of their cargo and thus play catalytic role for Sagarmala project, it said. The Mumbai Port Trust has about 753 hectare valued at about Rs 46,000 crore. Sagarmala is a priority project of the Narendra Modi government designed for port-led economic development in coastal states, for which the Cabinet had given ‘in-principle’ nod in March.