Flat 70% Discount On Pendrive / Android Courses, Valid Till 29th Feb'20 Call On : 9354229384, 9315859773, 9354252518, 9999830584

Current Affairs

Gujarat’s new port policy

Date: 15 October 2019 Tags: Infrastructure

Issue

The Gujarat government has revised its existing port policy and removed restrictions on 33 private jetties, allowing them to handle third party cargo.

 

Background

With the new move the  Gujarat Maritime Board (GMB), a nodal agency and port sector regulator in the State, is aiming at attracting approximately ?4,000 crore of new investments in port-related infrastructure in the State.

 

Details

  • The new policy allows the captive jetties to be full-fledged commercial ports across the 1,600-km-long coastline in the State.

  • According to the new policy, existing captive jetty holders will be permitted to handle third party cargo more than 50% of the total cargo on their captive jetty by paying landing and shipping fees.

  • The jetty holders will also be allowed to bring in additional investment for augmenting cargo handling facility and back up areas.

  • The move is expected to boost infrastructure and attract investment in the port and logistics sector.

Important commercial ports in India

  • Deendayal port (Kandla) : Gujarat

  • Paradip port: Odisha

  • Jawaharlal Nehru Port: Maharashtra

  • Mumbai Port: Maharashtra

  • Vishakhapatnam Port: Andhra Pradesh

  • Chennai Port: Tamil Nadu

  • Kolkata Port: West Bengal

  • New Mangaluru Port: Karnataka

  • Kochi Port: Kerala

  • New Mormugao Port: Goa