Cabinet approves exemption of India Ports Global from DPE guidelines

The shipping ministry had requested exemptions to IPGL from the applicability of the DPE guidelines

The Union Cabinet on Wednesday approved the exemption of the India Ports Global (IPGL) from the Department of Public Enterprises (DPE) guidelines, except for reservation and vigilance policies. The move will help in smooth execution of Chabahar project in Iran. 

According to a government, there is an urgent need to allow IPGL to continue to function as a board-managed firm, duly following instructions of the ministry of shipping and ministry of external affairs, without making the guidelines of the DPE applicable to it for five years. The norms of a public sector enterprise were applicable to IPGL, as its parent firm