Bill to convert Major Port Trusts into port authorities gets Rajya Sabha nod
February 10, 2021
The new law will clear the decks for market pricing of services rendered by the government-owned port authorities and public private partnership operators - The Hindu
The new law will clear the decks for market pricing of services rendered by the government-owned port authorities and public private partnership operators - The Hindu×
Biggest structural reform of major ports The Rajya Sabha on Wednesday passed a Bill that seeks to convert 11 of the 12 ports run by the Central government into “authorities” from the current “trustee” set-up, in the biggest structural reform of state-owned ports ever attempted by any government.
The new Public Sector Enterprise policy approved by the Cabinet has excluded the 11 major port trusts from its scope (read strategic disinvestment/privatisation), but a new law designed to convert these “port trusts” into “port authorities” may still facilitate this goal. Once the Major Port Authorities Bill is passed by the Rajya Sabha (it has .
The Rajya Sabha will start discussion on the General Budget on Tuesday as the motion of thanks on the President s Address was passed on Monday as well as the Jammu and Kashmir Reorganisation (Amendment) Act.Urban Development Minister Hardeep .
February 08, 2021
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Facing a threat to their existence, stevedores and shore handling agents have urged the Ministry of ports, shipping and waterways to re-consider the policy to privatise the cargo terminals at Centre-owned port trusts, that are run by the State.
Stevedores and shore handling agents load and unload bulk cargo from and onto ships from the major port trusts run non-mechanised, common user facilities after buying licenses from the port authorities by paying an annual fee of ₹4,000 to ₹1 lakh depending on the port.
These entities are engaged directly by the exporters and importers based on competitive quotations to load and unload cargo.
Scarcity on high seas hurting India’s exports
The freight rates on several trade routes have gone up beyond 150-200% since March. In some segments such as India-US East Coast, rates have gone up much more than three times.
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Anto T. Joseph
A shortage of shipping containers thanks to China’s quick recovery and Atmanirbharta is pushing up trade costs.
Shipping ministry officials say the government is keen to set up a container manufacturing facility in the country. A high-level meeting was held recently to review its feasibility.
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