This website uses cookies to ensure you have the best experience. Learn more

Port Privatization India Essay

1846 words - 8 pages

Privatization*of*Port* *Development*and*Operation*and*its* Advantage*

Group&'2& Anurag&Parashar&–&56& &

Current&Scenario& & !  Having&a&coastline&of&more&than&7,&517&km&of&length,&Indian&
port&sector&encompasses&of&over&200&ports.&& !  There&are&13&major&and&about&200&non'major&ports&in&the& country.& !  &A&rising&need&for&robust&port&infrastructure,&strong&growth& potential.& & !  favorable&investment&climate,&and&sops&provided&by&State& Governments&provide&private&players&immense& opportunities&to&venture&into&the&sector. & & &&

Type&of&Port&
Public& Sector& corporate& Government& Managed& Private&Port&

Ports&

Ports

2013

MARCH

There are two basic categories of ...view middle of the document...

&In&addition&to&the& development&of&ports&and& terminals&&& &

The&private&sector&has& extensively&participated& in&port&logistics&services&& During&FY13,&29& projects&are&scheduled& to&be&executed&adding& capacity&of&208&& MTPA&at&the&cost&of& USD&8.8&billion&
Million&ton&&a&year&&

Increasing& private& participation&&

Favorable&policies&assisting&the&private&sector&&
• Government*has*allowed*FDI*of*up*to*100*per* De6licensing* • A*106year*tax*

&

and*tax* holidays**

Price* flexibility**

• Private*ports*enjoy*price*flexibility*as*the*government*allows*non6major*ports*to*determine*their* own*tariffs*in*consultation*with*the*State*Maritime*Boards;*at*major*ports,*tariffs*are*regulated*by* the*Tariff*Authority*for*Major*Ports*(TAMP)**

Model* Concession* Agreement* (*MCA)**

• An*MCA*has*been*finalized*to*bring*transparency*and*uniformity*to*contractual*agreements*that* major*ports*would*enter*into*with*selected*bidders*for*projects*under*the*Build,*Operate*and* Transfer*(BOT)*model**

prevention**

• The*Ministry*of*Shipping*has*passed*a*regulation*to*prevent*monopoly*power* • An*existing*private*operator*(at*a*port)*cannot*bid*for*the*next*terminal*to*handle*similar*type*of* Monopoly* cargo*at*the*same*port*

Public&Private&Partnership(PPP)&
In&the&mid'1990s,&the&Centre&realized& that&the&capacity&of&ports&will&not&be& enough..&& & In&1996,&Partial&privatization&of&major& ports.&The&first&private&terminal&in&a& major&port&was&set&up&at&the&JNPT&by& P&O&Ports&Australia&in&1999.& & & &After&six&years,&DP&World,&Dubai,& took&over&it&as&part&of&a&global&buy' out&of&P&O&assets.& & &

Privatization&kind&
Captive& Private&port& Privatization& Major&port/ Landlord&Model& General& purpose& Terminal/ Service&

Under&this&model,&the&port&authority& acts&as&regulatory&body&and&as&landlord,& while&port&operations&(especially&cargo& handling)&are&carried&out&by&private& companies& & Many&Major&ports&now&operate&largely& as&landlord&ports&'&International&port& operators&have&been&invited&to&submit& competitive&bid&for&BOT&terminals&on&a& revenue&share&basis& & Significant&investment&on&BOT&basis&by& foreign&players&including&Maersk&(JNPT,& Mumbai)&and&P&&&O&Ports&(JNPT,& Mumbai&and&Chennai),&Dubai&Ports& International&(Cochin&and& Vishakhapatnam)&and&PSA&Singapore& (Tuticorin)& & BOT&–&Build&operate&&transfer&

Landlord&Model&

Private&Port&
& Minor&ports&are&already&being& developed&by&domestic&and& international&private&investors:& Pipavav&Port&by&Maersk&and&Mundra& Port&by&Adani&Group&(with&a&terminal& operated&by&P&&&O)& & & Captive*Ports&are&developed&by& companies,&who&set&up&industries& that&require&port&facilities.&These& ports&are&operated&on&Build,&Own&and& Operate&(BOO)&system.&

Scope&for&Private&port&
Currently,&29&private&sector&projects&(captive&ports)&with&a& !  capacity&of&203.0&MMT(Million&Metric&Ton)&and&developed&with&an& investment&of&USD2.0&billion&are&already&operational&...

Other Essays Like Port Privatization India

The Separation Of Capital Ownership And Control

1577 words - 7 pages The argument of whether the separation of capital ownership and control is an efficient form of organization has constantly been a controversial issue. The criticism whether the controllers’ act is in the best interest of the owners’ wills never end as long as hired managers operate management. As the number of public companies has been increasing over the course of this century, meanwhile the American style of contact based corporation has

The Versatility And Flexibility Of OLED's

1014 words - 5 pages In April 1, 2002, organic light emitting diodes gain rise in the scientific community with their published, more practical form at Ames Laboratory. “Scientists at the U.S. Department of Energy's Ames Laboratory, in collaboration with scientists at the University of Michigan, Ann Arbor, have developed and demonstrated a novel, fluorescence-based chemical sensor that is more compact, versatile and less expensive than existing technology of its

Comparing The Moral Virtues Of Antony And Julian The Apostate

1103 words - 5 pages Roman emperor Julian the Apostate and Christian leader Antony both exhibited many qualities of character during their existence. Both of them led very distinctive lives although shared several ethical values. Book 25 of “The Later Roman Empire” and the book “Early Christian Lives” show concrete evidence of this. In the following essay, I will argue how both leaders’ lives were devoted to their religious beliefs and their mutual cardinal virtues

Living In A Cashless Society

1637 words - 7 pages Money in a traditional sense no longer exists. Money is becoming much of a concept than a physical material, and most ordinary bitter have not see the reality of the switch. People today are using credit and debit cards on a regular basis and in everyday situations such as meal purchased at fast food, highway tolls, clothing, groceries, gas stations, etc. all of these means of systems could be regarded as a cashless society or world. The question

The French And Indian War: The "Real" First World War

1955 words - 8 pages The Seven Years War, or more commonly referred to as “The French and Indian War”, has been called the true First World War. In this book The French and Indian War: Deciding the Fate of North America, the author and historian Walter R. Borneman paints a detailed and elaborate picture that justifies the claim of it being the first true war of global proportions. If ever there truly was a climax to the never ending feud of the European powers

Is The Use Of Animals In Medical Research A Necessary Measure?

1513 words - 7 pages Throughout history, animals have been used in experiments to test product safety and obtain medical knowledge that benefits both humans and animals alike. Every year there are numerous medical breakthroughs, such as medications and surgical instruments, which are tested on animals to insure their safety before they are deemed acceptable for human use. Even though the results of the experiments saved millions of human lives, they are also

Education And The Evolving Job Market

2363 words - 10 pages The lives of students today are changing. They are preparing for lives and jobs that have never before existed. If teachers hope to have a significant and worthwhile impact on these quickly changing lives, they must change the way they think, prepare, and instruct our future generations. Children cannot afford to have teachers who remain stagnant in their methods and ideals. Students crave instructors that are willing to allow them to tap

Young And Relentless

1737 words - 7 pages There are numerous influences that can be responsible of teenager’s behaviors and attitude as they develop. One factor that is important to these behaviors is parental figures being over involved or uninvolved in their children’s lives. Many of these effects include illegal substance abuse, rising sexual activity, underage alcohol consumption, and tobacco use. Studies show parental participation plays a key role in the characteristics developed

The Natural Law Theory

1231 words - 5 pages Obeying by the natural law theory is the only true and moral way to live life; especially a life lived in God’s image. God’s presence is a guiding factor to obtaining a moral and virtuous life, which can only be obtained by following the natural law theory. God created a set of laws as a supreme guide for humans to live life, like any law these laws were created to ensure wellbeing for everyone. The laws he created are the civil law, the natural

Resolved: Presidential Signing Statements Threaten To Undermine The Rule Of Law And The Separation Of Powers

1811 words - 8 pages The subject of signing statements has created much debate among the houses of Congress, government officials, and the public alike. These signing statements fall under the categories of constitutional and legislative history signing statements. Constitutional signing statements are those in which the president deems certain provisions of the legislation as unconstitutional, therefore they should not be enforced (Bradley & Posner, 2006

Oppressive Systems Of Government In Egypt And Animal Farm

1529 words - 7 pages As in Egypt, Orwell demonstrates through his allegorical novel “Animal Farm” that leaders are able to establish and maintain power over a people, and in turn create an oppressive and corrupt government system. Orwell shows the significant difference in the education and levels of knowledge in the animals, and how the government takes advantage of this difference. The split between the levels of intelligence is portrayed in the first chapter when

Related Papers

Tata Communications, Leading Provider Of A New World Of Communications

1957 words - 8 pages , managerial skills and market access needed for sustained economic development. The country provides a one-window facility for setting up business, and foreign investment is fully protected under law, including avoidance of double taxation. The reorientation in policies designed to attract more FDI, has been accompanied by the adoption of policies relating to privatization and deregulation of economic activity and greater reliance on market forces

Dhirubhai & Reliance Essay

4119 words - 17 pages (RCC) with a borrowed capital of Rs.15,000. RCC was mainly involved in exporting commodities like ginger, cardamom, pepper, turmeric, and cashewnut. Using his connections in Aden, he exported a wide range of commodities to Aden. Aden, being a free port attracted lot of exports. In the mid 1960s, the Government of India (GoI) introduced an export promotion scheme under which the earnings from the export of rayon fabrics could be used for

Potentiality Of Fdi Inflow In Bangladesh

4643 words - 19 pages regime of Bangladesh for foreign direct investment is by far the best in South Asia. Most Bangladeshi products enjoy complete duty and quota free access to EU, Canada, Australia and Norway. Though in limited scale, Bangladesh products already found their access with lower duty in the markets of Thailand, India and Pakistan. However, talks are underway with China, Russia, Malaysia and other neighboring countries in this regard. The investment

Sme In Bangladesh Essay

5329 words - 22 pages port services, including land ports c. High transportation costs d. A largely inefficient, and very costly, telecommunications system v. Widespread tariff anomalies vi. High customs' duties vii. Complicated and cumbersome customs procedures, aggravated by extensive arbitrary powers exercised by customs officers viii. Low productivity and a highly politicized labor sector ix. Inconsistency among different government policy statements x