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Huge potential for port development under 12th Plan: Assocham - 2013-05-31

According to industry body Assocham, Rs one lakh crore-worth investment opportunities are available for developing non-major ports under public-private-partnership model in the country under the 12th Plan. The plan envisages Rs 1.07 lakh crore new investment in the development of non-major ports during 2012-17, of which close to Rs 1.05 lakh crore is expected to come through PPP.

"Port infrastructure...needs to develop fast and the capacity utilisation must also be improved," a report released by Assocham said. Noting that the 12th Five Year Plan's target with regard to investment in ports is "ambitious", the report said the states concerned must seriously consider incorporating the success strategies of others for better fulfilment of the Plan's objectives.

Assocham national secretary general D S Rawat said Andhra Pradesh is ahead in under-construction port projects, with three projects worth over Rs 20,000 crore underway via PPP mode as on April 30, 2013, which amounts to 46 per cent of the total investment in the country in this sector (Rs 43,439 crore). With two projects worth over Rs 4,100 crore complete, and put to operation in the PPP mode, Odisha ranks second with a share of about 17 per cent, followed by Maharashtra where five projects worth over Rs 3,700 crore are under operation, the report said.

"While, Gujarat accounts for maximum share of over 50 per cent in the total number of completed projects in the ports sector that have been put to service delivery under the PPP model as on April 30, 2013, Kerala has the highest share of about 40 per cent in the PPP ports projects under bidding," the report added.

Source: The Economic Times