Govt's Rs 7,000-cr port monetisation drive delayed on security clearance

The Ministry of Ports, Shipping and Waterways could award projects worth only Rs 1,000 crore in FY22, achieving barely 14% of the target

The government’s ambitious asset monetisation drive for ports has gotten off to a rocky start, with the Ministry of Ports, Shipping and Waterways (MoPSW) having been able to award projects worth only 14 per cent of the target amount in 2021-22.

The ministry has been able to monetise three projects worth approximately Rs 1000 crore, falling significantly short of the target of Rs 6924 crore from 13 projects for this fiscal year. According to NITI Aayog, the national monetisation pipeline (NMP) for the sector encompasses nine of India’s 12 major ports.

“All 13 projects have been processed and MoPSW is