NEW DELHI, Sept 6:
To boost economic growth, the government will soon come out with a policy for awarding land to port-based industries at 12 major ports, which among them have an estimated 2.64 lakh acres.
The development follows directions from Road Transport and Highways Minister Nitin Gadkari to the major ports asking them to come up with a project shelf and land database on the premise that leveraging land for commercial advantage would generate additional revenue for ports. (PTI)
“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.
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