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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

BS Reporter 

port, ship
Representative image

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 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 applicable to it for five years. The norms of a public sector enterprise were applicable to IPGL, as its parent firm Sagarmala Development Company is a CPSE.

As a result, guidelines of the are technically applicable on IPGL. The shipping ministry had requested exemptions to IPGL from the applicability of the guidelines to speed up the pace of the Chabahar project, which is country’s first overseas port project with strategic objectives.

First Published: Wed, February 26 2020. 23:16 IST
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