Shipping policy to favour public-pvt participation: Vasan

Shipping policy to favour public-pvt participation: Vasan

New Delhi: To promote public-private participation in domestic shipping industry, the government on Monday said it would soon frame a coastal shipping policy and is presently working out modalities of the same.

“We are trying to bring more public-private participation in the shipping industry," shipping minister GK Vasan told reporters at a logistics summit organized by CII in New Delhi.

“We are receiving suggestions from Indian National Shipowners Association (INSA) and we are getting suggestions from other stakeholders also. The coastal shipping policy would be to encourage the Indian shipping fraternity," he said.

The policy is expected to address general issues like special berths at major ports for coastal vessels, reduced port charges, tax incentives, reduced duties on vessel spare parts, manpower training, monetary incentives for crew and setting up of a coastal development fund, among others.

It is likely to be implemented in phases. It will be an action plan with a time-frame for implementation by the Directorate General of Shipping, ministry of shipping and other ministries.

India has a long coastline of 5,560 km, having access to the sea on three sides, with 12 major and 168 minor or intermediate ports.

The 12 major ports are -- Mumbai, Jawaharlal Nehru Port Trust, Kolkata (with Haldia), Chennai, Visakhapatanam, Cochin, Paradip, New Mangalore, Marmagao, Ennore, Tuticorin and Kandla.