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Date: 02/05/2025

Govt likely to launch captive port berth policy for PSUs
 
The union government may soon launch a policy that will allow state-owned port-dependent industries to get captive berths at Major Ports by nomination.  A port-dependent industry (PDI) is one that is reliant on a Major Port for the import and/or export of at least 70% of the cargo capacity of the proposed facility for captive cargo. Captive berths allow such industries to have benefits such as priority berthing for their own cargo, among others. In exchange, the operator pays royalty based on cargo volumes to the port authority. There are around 24 captive waterfront facilities at Major Ports. The new proposed policy will allow central government departments, public sector enterprises and autonomous bodies to be nominated for new prospective waterfronts without having to enter a tendering process, as per a report.
 
Source: Exim News Service: New Delhi, May 1



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