Instead of corporatising Major Ports, attempts would be made to find alternatives to upgrade them, the Union Shipping Minister, Mr Nitin Gadkari, has said. Port workers and labour unions at the Major Ports are strongly opposed to corporatisation.
Speaking to mediapersons in Mumbai recently, the Minister said, “Finance Minister Arun Jaitley had told us (in the Budget) about the Companies Act, but we are looking at other alternatives beyond the Companies Act to modernise and develop the ports.”
The Shipping Ministry was discussing the matter with the Finance Ministry and trying to find out alternative arrangements, he added.
“Basic concept is development and modernisation. We don’t want to privatise, nor do we want to give any equity to the private people. We want to modernise, protect the interest of labour and ports, and at the same time improve the services of the ports to boost business and do good profits,” Mr Gadkari said.
This post was written by Atlantic Admin