The Ministry of Ports, Shipping and Waterways (MoPSW), issued Policy for Award of Waterfront and Associated Land to Port Dependent Industries in Major Ports (Captive Policy).
The revised Captive Policy for Major Ports aims to address shortcomings in the 1996/1998 guidelines and the Captive Policy, 2016, while promoting port-led development and optimal utilization of waterfront and land. The policy facilitates Port Dependent Industries (PDIs) in establishing dedicated facilities at Major Ports for import/export of cargo, including storage and processing.
Under the policy, concessions may be granted to PDIs for up to 30 years, extendable by another 30 years, subject to prescribed terms and conditions. It covers new captive facilities, utilization of currently unutilized assets such as vacant berths, and renewal/extension of existing concession agreements. The policy also seeks to provide greater uniformity, transparency and flexibility in awarding captive facilities, including provisions addressing government entities, capacity additions, cargo changes and unforeseen circumstances.
The policy is applicable to all Major Port Authorities and Kamarajar Port Limited and aims to secure long-term business for Major Ports by enabling industries substantially dependent on a particular port to develop dedicated facilities. It comes into effect from the date of issue.
