Visakhapatnam: The Centre has proposed to
modernise all the ports in the country to increase the overall
capacity of Indian ports to 3,230 million tonnes by 2019-20
from the present 936 million tonnes, Union Minister for
Shipping GK Vasan on Friday said.
He said an investment of Rs 2.77 lakh crore was required
for this purpose, which is meant for bringing them on par with
international standards to increase the capacity of the ports.
Vasan was speaking on the sidelines of a programme
As the government has not been able to meet the required
funds, it was proposed to promote private partnership in the
ports sector, he said adding the government has planned an
investment of Rs 2.34 lakh crores from the private sector for
the development of ports.
The Public Private Partnerships (PPP) in the port sector
has given priority not only to infuse funds but also to induct
the latest technology and improve management practices,
According to Vasan, his ministry has formulated the
maritime agenda 2010-2020, a perspective plan of the
government to identify priority areas and the roadmap towards
developing port sector on par with international standards.
The minister said the port sector in India had a
"brilliant run" in the last decade, witnessing significant
addition in capacity across the Indian coastline and cargo
"The Ministry of Shipping had been continuously engaged
in designing and implementing various projects for development
of the port sector," he said.
He complimented the Visakhapatnam Port Trust, which
started its commercial operations in October 1933, for its