Replying to queries in the Rajya Sabha, the Minister of State for Shipping, Mr Pon Radhakrishnan, has stressed on the commitment of the Ministry of Shipping (MoS) towards the new tariff policy for Major Ports and the policy for captive facilities to port-based industries.
He highlighted that the Tariff Authority for Major Ports (TAMP) had notified a “Policy for determination of tariff for Major Port Trusts 2015″ in January 2015, which allows Major Port Trusts to set their own tariff within the cap of their Annual Revenue Requirements (ARR). The Tariff Policy 2015 provides greater flexibility to Major Port Trusts to respond to the market situation and also encourages them for better performance within the ambit of the Major Port Trusts Act, 1963, he stressed.
He also elaborated that the Union government has been following a policy for providing captive facilities for port-based industries in the following cases:
* Where 100 per cent captive facilities (land/waterfront), including capital oil jetties, platforms or single buoy mooring (SBM) are sought by port-based industries, including Central/state public sector undertakings
* Industries which are port-specific and are approved by concerned administrative Ministries and where the industry is willing to pay maximum realisation that the port may determine
Under this policy, a port-based industry is one which requires 100 per cent captive berths/back-up area for the purpose of import of raw materials and/or export of finished products and/or transportation of raw materials/finished products. The general BOT guidelines, wherever applicable, may be applied in cases of captive facilities, the Minister said.
This post was written by Atlantic Admin