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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. & & &&

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





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&

Increasing& private& participation&&

• 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**


• 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*

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.& & &

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&


& 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.&

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&...

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