The government has put forth a plan to monetise assets worth Rs 10,000 crore in the current fiscal year, with the aim of increasing the share of public-private partnership (PPP) in ports. This move is part of the government’s broader strategy to enhance the involvement of private players in the development and operation of ports.
According to reports, the Ministry of Ports, Shipping and Waterways has submitted a pipeline of Rs 10,000 crore to NITI Aayog, which serves as the central think tank and nodal government body for asset monetisation. This pipeline comprises five to seven projects that are targeted for monetisation.
The report also highlights that Shipping Secretary TK Ramachandran recently expressed the government’s objective to raise the share of PPP in government-owned ports to 80 percent by the end of the decade.
While the newly identified projects constitute only a small portion of the shipping ministry’s pipeline for the fiscal year 2025, the focus remains on expediting the progress of pending mega projects.
In October last year, Finance Minister Nirmala Sitharaman emphasized the need for the shipping ministry to expedite the monetisation process of identified projects. During the Global Maritime India Summit 2023 in Mumbai, Sitharaman stated that out of the 12 major ports, nine have at least 31 projects that have been identified and approved for asset monetisation. She estimated that the monetisation of these projects could generate approximately Rs 14,483 crore.
The government’s push for increased PPP in ports through asset monetisation reflects its commitment to leveraging private sector participation to drive growth and development in the maritime sector.
2 comments:
Is there any problem
The present government is doing good to the country. Don’t encourage commies theories . They are all utter flap throughout the world
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