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Jawaharlal Nehru Port (JNP) became the first 100% Landlord Port of India. What do you understand by the Landlord Port model? What are the different models employed in the management of ports?
Jawaharlal Nehru Port (JNP) is one of the leading container ports of the country and is ranked 26th among the top 100 global ports. It is a container handling port accounting for around 50% of the total containerized cargo volume. The JNP became the first 100% Landlord Major Port of India. A LandlorRead more
Jawaharlal Nehru Port (JNP) is one of the leading container ports of the country and is ranked 26th among the top 100 global ports. It is a container handling port accounting for around 50% of the total containerized cargo volume. The JNP became the first 100% Landlord Major Port of India.
A Landlord Port is characterized by its mixed public-private orientation. Under this model, the port authority acts as the regulatory body and landlord, while port operations (especially cargo handling) are carried out by private companies. Today, the Landlord Port is the dominant port model in larger and medium-sized ports.
The features of the Landlord Port include:
Other types of models employed in port management are as follows:
The government enacted the Major Port Authorities Act, 2021 to empower the ports and enable them to perform with greater efficiency on account of increased autonomy in decision-making and by modernizing their institutional framework. Further, as part of the Maritime India Vision (MIV) 2030, globally benchmarked targets have been defined to help India develop best-in-class port infrastructure.
See lessDiscuss the various issues that hinder the development of the port infrastructure in India and state the recent measures taken by the government to address the same.
India, having a coastline of more than 7500 kilometres, is serviced by 13 major ports and more than 200 notified minor and intermediate ports. The Economic Survey 2021-22 has called for improved port governance and augmentation as one of the key drivers of the infrastructure sector and a necessary vRead more
India, having a coastline of more than 7500 kilometres, is serviced by 13 major ports and more than 200 notified minor and intermediate ports. The Economic Survey 2021-22 has called for improved port governance and augmentation as one of the key drivers of the infrastructure sector and a necessary vehicle for social and economic transformation.
However, many issues and impediments have hindered the development of the port infrastructure in India, which include:
With the acknowledgement of the crucial role of the port infrastructure modernisation and augmentation, following measures have been undertaken by the government:
The country’s marine sector is intricately linked to economic trade and competitiveness. The Maritime Indian Vision 2030 is a step in the right direction to enhance the port infrastructure and give the necessary impetus for rapid and efficient expansion of India’s port sector.
See lessWhat are Infrastructure Investment Trusts (InvITs)? Discuss their significance in India's growth and development.
Infrastructure Investment Trusts (InviTs) are collective investment vehicles similar to a mutual fund, which enables direct investment of money from individual and institutional investors in infrastructure projects to earn a small portion of the income as return. In India, InvITs are governed by SEBRead more
Infrastructure Investment Trusts (InviTs) are collective investment vehicles similar to a mutual fund, which enables direct investment of money from individual and institutional investors in infrastructure projects to earn a small portion of the income as return. In India, InvITs are governed by SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2016.
The following are the key features of InvITS:
Significance of InvITs for India’s growth and development:
Despite multiple benefits associated with the InvITs, there are associated risks related to their operation, refinancing, regulation and return. Considering the fact that infrastructure development is pertinent for India’s growth and development, there is a need to address the associated risks.
See lessThe National Rail Plan (NRP) for India – 2030 seeks to create a 'future ready' railway system by 2030. Discuss.
The Indian Railways have prepared a National Rail Plan (NRP) to create a 'future ready' railway system by 2030. The NRP is aimed to formulate strategies based on both operational capacities and commercial policy initiatives. It seeks to create capacity ahead of demand, which in turn, would also cateRead more
In the historical evolution of the Railways in India, the emphasis has largely been on passengers and not on freight. The NRP seeks to rectify this bias, and develop a capacity that will cater to demand in 2050. In comparison with the earlier Committee reports that mainly concentrated on policy issues and operational constraints, the NRP includes a detailed analysis of the existing network as well. Furthermore, the NRP seeks to make decisions around new tracks and investments more objective, which were previously often driven by political considerations and were ad hoc in nature.
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