Minister Nitin Gadkari
said on Friday major ports
are witnessing an improvement in efficiencies and he expects up to 40 per cent jump in their profits
to Rs 7,000 crore this year.
"This year, I am hoping we will make a profit of Rs 6,000-7,000 crore," he said while speaking at state-run ship building and repair company Cochin Shipyard's listing.
Of this, the minister said he expects up to Rs 2,000 crore from the largest container port, Jawaharlal Nehru Port Trust (JNPT), alone.
Gadkari said there has been a 2.8 per cent increase in the 12 state-run ports' efficiencies compared to their private sector rivals.
The minister said the major ports' profits
are steadily growing ever since the NDA
government took office in May 2014.
of Rs 3,000 crore in FY15, Rs 4,000 crore in FY16 and Rs 5,000 crore in FY17.
The minister said as soon as the NDA
government came to power, it appointed an international consultant to recommend measures to make the ports
of global standard.
The consultant came up with 120 suggestions, of which 90 have been implemented, he added.
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