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Ports to lease out land for warehouses, manufacturing to earn more revenue

Five major ports - Kandla, Tuticorin, Kamarajar, JNPT and Paradip - have invited private sector players to build warehouses

port, ship
Representative image of a port

Five major ports — Kandla, Tuticorin, Kamarajar, Jawaharlal Nehru Port Trust (JNPT) and Paradip — have invited private sector players to build warehouses and manufacturing units on the land available to them. They expect this business model to yield rich dividends to the ports. “Land will become a prime source of non-core revenue for the five major ports as they have started the process of inviting bids for setting up of business units at their premises,” a senior shipping ministry official said. Of the 12 major ports in the country, only these five ...