New land policy at 12 major ports
PORTS & SHIPPING

New land policy at 12 major ports

To boost economic growth, the government will soon initiate a policy for awarding land to port-based industries at 12 major ports, which among them have an estimated 264,000 acre. The development follows directions from Road Transport and Highways Minister to 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.

The policy envisages grant of concession to port dependent industries (PDIs) for setting up dedicated facilities in major ports for import and export of cargo and their storage before despatch to their destinations for a period not exceeding 30 years.

To boost economic growth, the government will soon initiate a policy for awarding land to port-based industries at 12 major ports, which among them have an estimated 264,000 acre. The development follows directions from Road Transport and Highways Minister to 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. The policy envisages grant of concession to port dependent industries (PDIs) for setting up dedicated facilities in major ports for import and export of cargo and their storage before despatch to their destinations for a period not exceeding 30 years.

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