10-yr maritime devt plan in a month: Shipping Ministry

Image
Press Trust of India Kolkata
Last Updated : Jan 20 2013 | 1:11 AM IST

The government would come up with a new 10-year plan to boost the country's maritime sector.

"The action plan will be released in a month. It will replace the National Maritime Development Programme, whose validity is till 2012," Shipping Secretary K Mohandas said here today.

The plan would specify the number of new ports to be built under the public-private-partnership (PPP) mode, Mohandas said.

"We will be awarding 25 ports under PPP this year, but our overall plan is much bigger than this which would be detailed in the action plan," he said.

He also said that though the shipping ministry is supportive of the demand of local ship owners to partially reserve handling of crude oil imports by public sector oil companies, but discriminating against foreign ships might push up costs.

"While it is desirable that in strategic areas like oil we have national flag carrying ships, there are concerns that this may increase cost to the economy," he said.

The Indian National Shipowners' Association recently sought first-right-of-refusal to carry crude imported by PSUs.

Asked about the proposed deep sea port at Sagar in West Bengal, Mohandas said the Kolkata Port Trust is working on a feasibility report which would be completed in 3-4 months.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 20 2010 | 4:53 PM IST

Next Story