+
Central govt's port monetisation drive delayed on security clearance
PORTS & SHIPPING

Central govt's port monetisation drive delayed on security clearance

 The Ministry of Ports, Shipping and Waterways (MoPSW) has 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 1,000 crore, falling significantly short of the target of Rs 6,924 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.

Awarding of contracts for these projects can only take place after obtaining separate security clearances from the Ministry of Defence, Ministry of External Affairs, and Ministry of Home Affairs, as the projects fall in strategic areas. As per government regulations, the final security clearance accorded to a bidder is typically valid for five years.

The 13 projects include big-ticket items like development of western dock captive berth at Paradip Port for Rs 3,000 crore, leasing out of a container terminal at Jawaharlal Nehru Port Trust (JNPT) for Rs 863 crore, and operations and management (O&M) of Mumbai International Cruise Terminal for Rs 495 crore.

According to the NMP plan released by NITI Aayog, the central government plans to monetise 31 cargo berths valued at Rs 12,828 crore by the end of 2024-25, accounting for 2 per cent of the overarching monetisation target of Rs 6 trillion. The shipping ministry is also understood to have tweaked its monetisation targets for this fiscal year in view of the shortfall in FY22, which will be on the agenda in the upcoming apex committee meeting of the ministry’s flagship Sagarmala plan.

The NMP lays out port assets worth Rs 4,680 crore in FY23, Rs 915 crore in FY24, and Rs 1940 crore in FY25 for leasing out to private entities. The contracts will be awarded for a 30-year period and actual capital investment is likely to happen in phases during the initial years in the envisaged concession period.



 The Ministry of Ports, Shipping and Waterways (MoPSW) has 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 1,000 crore, falling significantly short of the target of Rs 6,924 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.Awarding of contracts for these projects can only take place after obtaining separate security clearances from the Ministry of Defence, Ministry of External Affairs, and Ministry of Home Affairs, as the projects fall in strategic areas. As per government regulations, the final security clearance accorded to a bidder is typically valid for five years.The 13 projects include big-ticket items like development of western dock captive berth at Paradip Port for Rs 3,000 crore, leasing out of a container terminal at Jawaharlal Nehru Port Trust (JNPT) for Rs 863 crore, and operations and management (O&M) of Mumbai International Cruise Terminal for Rs 495 crore.According to the NMP plan released by NITI Aayog, the central government plans to monetise 31 cargo berths valued at Rs 12,828 crore by the end of 2024-25, accounting for 2 per cent of the overarching monetisation target of Rs 6 trillion. The shipping ministry is also understood to have tweaked its monetisation targets for this fiscal year in view of the shortfall in FY22, which will be on the agenda in the upcoming apex committee meeting of the ministry’s flagship Sagarmala plan.The NMP lays out port assets worth Rs 4,680 crore in FY23, Rs 915 crore in FY24, and Rs 1940 crore in FY25 for leasing out to private entities. The contracts will be awarded for a 30-year period and actual capital investment is likely to happen in phases during the initial years in the envisaged concession period.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?