In
the landlord model, private players take over the operational aspects, while
the port authority acts as a regulator and landlord.
Speaking at CII
Annual Business Summit 2024, Shri T K Ramachandran said Jawaharlal Nehru Port (JNPT) has become the first major port of the
country to become 100 per cent landlord port, having all berths being operated
on PPP model.
The PPP (public-private partnership) model is
considered an effective tool for attracting investment in the port sector.
“We have 12 major ports, and we have a
huge capacity…we want to shift to an 80 per cent landlord model by the end of
this decade,” Shri Ramachandran said.
He further said the four pillars that the Shipping
ministry is working on to improve the cost and ease of doing business are
developing port-based industrial clusters, investments in the maritime sector,
ensuring PPPs and multi-modality
.
Shri Ramachandran said that 10 years ago, India had
five national waterways. Now, the country has 111 waterways.
“We have reformed the Major Ports Act, the Inland
Vessels Act. We have made
changes in the model concession agreements (MCAs) to make them more private sector friendly, banking friendly and
investment friendly,” he added.