Govt looks to reduce red tape and unmoor port infrastructure delays

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This would increase the level of corporatisation of these ports and reduce dependence on bureaucracy,” said a senior government official.

Building on its case to transform India’s state-owned ports into self-reliant commercial entities, the Ministry of Ports, Shipping and Waterways is considering expanding the autonomy of major ports in making decisions regarding capital expenditure (capex), according to officials familiar with the developments.“There is a proposal under consideration that would allow all 12 major ports to undertake capex at their discretion, but only using their internal resources.

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Category: BusinessFinance

Markets: India

Topics: Central public sector enterprises Ports shipping and waterways Capital expenditure Financial autonomy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 23:30:51 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 104 words

Reading Time: 1 minutes read

Sentences: 4 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23742293

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