IPPTA Urges Indian Railways To Roll Back 10% Busy Season Charge On Container Traffic menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Indian Private Ports & Terminals Association (IPPTA), the apex body that represents the interests of the private ports and terminals in India has urged Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal for extension of .
International and domestic terminal investors in India’s major public ports – operating under a build-operate-transfer (BOT) concession model – are seeking government support to weather the impact of COVID-19 lockdowns on cargo volumes.
Improvement in port connectivity
In order to overcome these challenges, many initiatives have been taken over a period of last few years. Some of the recent initiatives taken by the government are as follows:
New legislation viz. Major Ports Authority (MPA) Bill, 2020 have been formulated after extensive deliberations and discussions with the stakeholders. The MPA Bill, 2020 has been passed by the Lok Sabha and would be introduced in Rajya Sabha in the next session. It will usher in a new era for the administration of Major Ports in India in which the Major Ports will have much greater autonomy and contribute significantly to the economic growth and provide world-class port infrastructure by adopting the Landlord Model of development