Ministry has formulated a 20 year master plan for 12 state owned major ports in
which as many as 142 expansion projects will be implemented at an estimated
cost of Rs 91,434 Crores. The projects are set to create additional cargo
handling capacity of 884 million metric tons per annum.
part of implementing the master plan, the ports will take up 58 projects at an
estimated cost of Rs 28,767 Crores for implementation during the current
An International benchmarking Consultant
conducted a study of the Major Ports two years ago which recommended 116
initiatives to enhance their efficiency and productivity to international
benchmarks and unlock their capacity. Of the 116 initiatives, 85 initiatives
have already been implemented.
order to strengthen the shipping and ports sector and make it internationally
competitive, the Government of India has taken various steps which include
of Customs and Excise Duty levied on bunker fuels used in Indian flag vessels
for transportation of mix of EXIM, domestic and empty containers between two or
more ports in India. Abatement of service tax of 70 per cent for transportation
of goods by Coastal shipping and Inland-Waterways transportation has been
The Finance Ministry has notified inclusion of
stand-alone shipyards undertaking activities such as shipbuilding and
ship-repair in the Harmonized List of Infrastructure sectors on April 13 last
To promote manufacture of sea-going vessels by Indian
shipyards, Shipbuilding Financial Assistance Policy was approved for contracts
signed during a ten year period, viz. 2016-2026.
Customs and Central Excise duty exemption on inputs
used in manufacture of ships to provide a level playing field between
indigenously built ships vis-à-vis imported ships. Shipping enterprises based
in India have been permitted to acquire ships abroad and also flag them in the
country of their convenience. This
policy initiative of “Indian Controlled Tonnage (ICT)” has facilitated Indian
ship-owners to gain access to cheaper funds abroad and also save on costs of
setting up subsidiaries abroad to acquire and maintain such tonnage.
The information was given by Minister of
State for Shipping Pon. Radhakrishnan in
a written reply to the Lok Sabha August Eleven.