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Cabinet approves Bill to introduce Major Port Trusts Act, 2020
 

To empower the Major Ports


The Union Cabinet has approved a Bill to introduce the Major Port Trusts Act, 2020 and it will replace the Major Port Trusts Act, 1963. 


The operation of the 12 Major Ports was according to the Major Port Trusts Act, 1963. Things have changed considerably since. Now there are private ports and many states have developed their ports. Major Ports in India are also operating under the public-private partnership (PPP) model. The earlier Act did not have any provisions to resolve disputes between those operating under the PPP model, said Mr Mansukh Mandaviya, Minister of State for Shipping (Independent Charge), after the Cabinet meeting, it is learnt.


The Bill, when passed, will empower the port authorities to take many decisions that otherwise require the nod of the Centre. This will enable speedier implementation of decisions and allow the Major Ports to compete with their private counterparts, added the Minister, as per a report.

 

Source : Exim News Service - Mumbai, Feb. 13

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