Port Projects
Injecting a major booster to the country's port sector, the shipping ministry has already awarded 10 port projects entailing a staggering investment worth Rs. 9,376.43cr on the public private partnership (PPP) model during the just concluded fiscal, said ministry sources, claiming that the awarded projects will add a capacity of 95.11 million tons (mt) and that the broad contours of the port projects are formulated by the Major Port Authorities within which the selected PPP operator implements and operates the project.

For facilitating investments in port projects, the government has allowed 100 per cent foreign direct investment under the automatic route for port development projects and in addition to this, bidding documents such as RFQ, RFP and Concession Agreement have been standardized and the port sector has been granted infrastructure status, they added.