The new policy that seeks to prevent monopolies from being created at major ports would go to the law ministry for vetting once it is finalised, the Indian government has said
The shipping ministry will finalise a policy to prevent monopoly of private operators at major ports in the next one month, the Rajya Sabha was informed on Tuesday, reports PTI.
Replying to supplementaries during Question Hour, shipping minister GK Vasan said that the new policy that seeks to prevent monopolies being created would go to the law ministry for vetting once it is finalised by his ministry in a month.
The new policy includes a bar on any private operator from bidding for the next berth if it is the only operator of a berth handling a particular cargo.
Comments on the draft policy had been received from stakeholders and were under finalisation in the shipping ministry.
Mr Vasan said that the policy would apply to only major ports, and non-major ports which are under the jurisdiction of state governments would not come under its purview.
To a separate question, Mr Vasan said that the government was considering modification of the shipbuilding subsidy scheme. In-principle approval for shipbuilding subsidy for four vessels amounting to Rs23.69 crore has been granted to Alcock Ashdown (Gujarat) Ltd (AAGL).
Apart from this, requisite documents are awaited from AAGL for in-principle approval for shipbuilding subsidy for another four vessels amounting to Rs70 crore.
Mr Vasan said that a proposal to set up a dry dock at Cochin Shipyard at a cost of Rs1,000 crore was under consideration.
During the 6th and 7th Five Year Plan periods (2002-07 and 2007-12), Rs644.04 crore has been released under the shipbuilding subsidy scheme to public sector shipyards. Rs47.69 crore subsidy was given to private shipyards and Rs12.98 crore to the Gujarat government shipyard, he said.