FOREIGN INVESTMENT POLICY - SPECIFIC SECTORS
PORTS AND SHIPPINGS
Government has initiated various steps to expand the
infrastructural and management base of the key ports of
the country. In order to encourage private sector
participation in development of ports facilities,
policies and procedures have been significantly
liberalised.
Following areas have been identified for private sector
participation and investment:
- Leasing out existing assets of the port.
- Construction/creation of additional assets, such
as:
a) Construction and operation of container
terminals.
b) Construction and operation of bulk, break
bulk, multipurpose and specialised cargo berths.
c) Warehousing, container freight stations,
storage facilities and tank farms.
d) Cranage/handling equipment
f) Dry docking and ship repair facilities
- Leasing of equipment for port handling and
leasing of floating crafts from the private
sector.
- Captive facilities for port based industries.
The Shipping sector has traditionally been open to
private investment. Shipping policy has been further
liberalised to facilitate automatic approval for
acquisition of ships and permission to retain sale
proceeds for reinvestment. Cabotage Laws has been relaxed
for container ships. Freight and passenger fares have
been decontrolled to promote coastal shipping.
The shipping, ship building and ship repair sectors offer
a number of incentives and opportunities to investors.
Facilities at par with 100% Export Oriented Units (EOUs)
are also available for the ship repair industry.
For further information, please contact:
Joint Secretary (Ports)
Transport Bhawan
1, Parliament Street
New Delhi-110 001
Tel: 91-11-3710140
Fax: 91-11-3714324
Joint Secretary (Shipping)
Transport Bhawan
1, Parliament Street
New Delhi-110 001.
Tel: 91-11-3710189
Fax: 91-11-3714324
More Details on Ports
Foreign
Investment Policy - Specific Sectors
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