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. This would increase the level of corporatization of these ports and reduce dependence on bureaucracy," said a senior government official.
The government plans to categorize India's 12 major ports into four groups based on the size of operations and other factors, which will determine the ceiling for capex that can be undertaken without the need for approval.
この記事は Business Standard の November 22, 2024 版に掲載されています。
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この記事は Business Standard の November 22, 2024 版に掲載されています。
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