November 21, 2008

Business Plans for Major Ports in India

Mr TR Baalu union minister of shipping, road transport & highways said that Port Business Plans with a 20 year perspective for the 12 major ports have been prepared. Consultants, selected through the international competitive bidding process were engaged by the respective ports for the purpose.

The Port Business Plans address
1) The long term vision, goals and strategy of ports
2) Current port capabilities and recent performance
3) Competitive situation and outlook
4) New business opportunities and demand forecast
5) Removing barriers to ports performance
6) Required investment in port facilities and equipment
7) Required improvements in hinterland connectivity
8) Financing future investment requirements

Ports declared as major ports under the Indian Ports Act, 1908 are under the administrative control of the central government. All other ports, including private ports, collectively known as non major ports are under the overall jurisdiction of the respective maritime state governments.