Saturday, November 22, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Draft bill circulated to attract investments in ports

Fiinews by Fiinews
December 11, 2020
in Investment, Projects
Reading Time: 2 mins read
A A
0
Ministry of Ports Shipping and Waterdays
0
SHARES
10
VIEWS
LinkedinShare on Twitter

Govt working on the creation of a National Port Grid

The draft Indian Ports Bill, 2020, to enable the structured growth and sustainable development of ports to attract investments in the Port sector for optimum utilisation of the Indian Coastline by effective administration and management of ports, has been circulated for public consultation.

It will repeal and replace the Indian Ports Act, 1908 (Act No. 15 of 1908), the Minister of State for Ports, Shipping and Waterways, Mansukh Mandaviya said on 11 Dec 2020.

The proposed Bill will provide measures to facilitate the conservation of ports, taking into account the prevalent situation with respect to the high number of non-operational ports. It shall further ensure greater investment in the Indian maritime and ports sector through the creation of improved, comprehensive regulatory frameworks for the creation of new ports and management of existing ports.

The Bill also seeks to, inter alia, create an enabling environment for the growth and sustained development of the ports sector in India through the following broad methods:

Constitution of Maritime Port Regulatory Authority;

Formulation of the National Port policy and National Port plan in consultation with Coastal State Governments, State Maritime Boards and other stakeholders;

Formulation of specialised Adjudicatory Tribunals namely Maritime Ports Tribunal and Maritime Ports Appellate Tribunal to curb any anti-competitive practises in the port sector and act as a speedy and affordable grievance redressal mechanism.

The up-to-date provisions of the proposed Bill would ensure safety, security, pollution control, performance standards and sustainability of Ports.

The Bill ensures that all up-to-date conventions /protocols to which India is a party, are also suitably incorporated.

This will promote marine safety and security in the true sense. The Bill will fill up the gaps for achieving scientific development of Ports and Port Network.

The Bill seeks to provide increased opportunities for public and private investments in the Indian maritime and ports sector by way of removing barriers to entry, simplifying processes and establishment of agencies and bodies to plan and enable the growth of the ports sector.

Enhancing “Ease of Doing Business’, the bill will provide greater impetus to a self-reliant domestic investment climate in the maritime sector.

Mandaviya explained, “We are working on the creation of a National Port Grid. This Bill will be a game-changer in the Indian maritime sector especially for bringing more investments.

“The Bill will bolster structured growth and sustained development of Ports and ensure achieving this objective on a fast-track basis. Consequently, it will result in revolutionary maritime reforms transmuting the Indian maritime set-up entirely in the times to come,” he said. #investments #projects #ports #infrastructure /fiinews.com

Tags: Ministry of Ports Shipping and Waterways
ShareTweetShare

Related Posts

PIB
Projects

Project: DRDO-DGA to deepen Defence R&D work

by Fiinews
November 22, 2025
0
12

Key areas of India-France cooperation include Aeronautical platforms A Technical Agreement has been signed between Defence Research & Development Organisation...

PBS Xchange
Investment

Invest: Dhawan to strengthen PSB Xchange

by Fiinews
November 21, 2025
0
13

Debnath on mission to scale platform to its full potential Veefin Solutions Ltd, a global leader in Working Capital Technology,...

Pidge

Invest: Pidge to deepen Tier 2&3 market reach

November 21, 2025
13
FICCI

Invest: Govt to improve FDI-FII processes

November 20, 2025
15
PIB

Project: India on path to Net Zero by 2070

November 20, 2025
12
PIB

Invest: Japanese invited to $500bn opportunities

November 19, 2025
14
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Technology: Impact of FinTech conferences on students and future opportunities in industry

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Manufacturing: JBIC reviews NICDC progress
  • Market: China-Japan-India drive floating solar growth
  • Tender: Leading banks support NHAI’s RIIMPL
  • Project: DRDO-DGA to deepen Defence R&D work
  • Export: Assam’s jetties-terminals linked to trade

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.