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| Public-Private Partnerships Mode for Operational Services at Major Ports |
NEW DELHI (Lampe):- Seven projects worth
more than Rs 2,000 crore will be offered by the major ports on Public-private
partnership mode in FY21-22. This was stated by the Union Minister for Finance
and Corporate Affairs, Smt. Nirmala Sitharaman while presenting Union Budget
2021-22 in Parliament today. Major ports will be moving from managing their
operational services on their own to a model where a private partner will
manage it for them, she said.
To
promote flagging of merchant ships in India, in her budget speech, Smt.
Sitharaman also proposed to launch a subsidy support scheme of Rs 1624 crore in
global tenders floated by Ministries and CPSEs over 5 years to Indian shipping
companies. She emphasized, that this initiative would enable greater training
and employment opportunities for Indian seafarers besides enhancing Indian
companies share in global shipping.
Smt. Sitharaman also proposed to double the ship
recycling capacity of around 4.5 Million Light Displacement Tonne (LDT) by
2024. She said that efforts will be made to bring more ships to India from
Europe and Japan, as around 90 ship recycling yards at Alang in Gujarat have
already achieved HKC (Hong Kong International convention) compliant certificates.
This is expected to generate additional 1.5 lakh jobs for the youth of the
country.
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