Government issues draft ports bill for consultation
[ad_1]
The proposed bill will present measures to facilitate conservation of ports, considering the prevalent scenario with respect to the excessive variety of non-operational ports, it stated
The authorities on Friday stated it has issued a draft bill for public consultation that goals at bringing extra funding within the maritime sector.
The Ministry of Ports, Shipping and Waterways has circulated draft of Indian Ports Bill 2020 for public consultation which is able to repeal and substitute the Indian Ports Act, 1908.
“The draft Indian Ports Bill, 2020, seeks to, inter alia, enable the structured growth and sustainable development of ports to attract investments in the port sector for optimum utilisation of the Indian coastline by effective administration and management of ports,” the Ministry of Ports, Shipping and Waterways stated in an announcement.
The proposed bill will present measures to facilitate conservation of ports, considering the prevalent scenario with respect to the excessive variety of non-operational ports, it stated.
It shall additional guarantee better funding within the Indian maritime and ports sector by means of the creation of improved, complete regulatory frameworks for the creation of recent ports and administration of current ports, it added.
Ports, Shipping and Waterways Minister Mansukh Mandaviya,stated, “We are working on creation of a National Port Grid.This Bill will be a game changer in the Indian maritime sector specially for bringing more investments.”
“The Bill will bolster structured growth and sustained development of ports and ensure achieving this objective on fast track basis. Consequently, it will result into revolutionary maritime reforms transmuting the Indian maritime set-up entirely in the times to come.”
The bill additionally seeks to, inter alia, create an enabling setting for the expansion and sustained growth of the ports sector in India by means of structure of Maritime Port Regulatory Authority and formulation of the National Port coverage and National Port plan in consultation with Coastal State Governments, State Maritime Boards and different stakeholders.
It additionally appears to be like to formulate specialised Adjudicatory Tribunals – Maritime Ports Tribunal and Maritime Ports Appellate Tribunal to curb any anti-competitive practices within the port sector and act as a speedy and reasonably priced grievance redressal mechanism.
“The up-to-date provisions of the proposed Bill would ensure safety, security, pollution control, performance standards and sustainability of Ports. The Bill ensures that all up-to-date conventions /protocols to which India is a party, are also suitably incorporated. This will promote marine safety and security in the true sense. The Bill will fill up the gapsfor achieving scientific development of Ports and Port Network,” the assertion stated.
The Bill seeks to offer elevated alternatives for private and non-private investments within the Indian maritime and ports sector by the use of eradicating limitations to entry, simplifying processes and institution of companies and our bodies to plan and allow progress of the ports sector.
“Enhancing ‘Ease of Doing Business’, it will provide greater impetus to a self-reliant domestic investment climate in the maritime sector, towards Aatmanirbhar Bharat initiatives of the government,” the assertion stated.
You have reached your restrict for free articles this month.
