attract more private investments in its shipbuilding parks programme, the
Maharashtra Maritime Board is considering amendments to its Ports Policy of
2016 to increase the lease period from the existing 10 years to 35 years and it
is said the board is likely to approve the amendment in December, Maharashta
Maritime Board (MMB) Nautical Advisor Captain Harish Khatri said recently.
existing Policy of 2016, the lease period can be extended by another ten years
realised that the private players were reluctant to invest as the lease period
was too short. Their concern was they would not be able to make enough profits.
So we thought of increasing the lease period to 35 years,” he said. Khatri
further said the board has already identified certain locations for the
shipbuilding parks in the State’s coastline of around 720 km.
policy, the MMB will acquire the land and develop common infrastructure
facilities for the shipbuilding park to develop shipyards as well as ancillary