Boom time for private port players
Starting 2010, the future may belong to the private sector in Indian ports, commented a senior Shipping Ministry bureaucrat five years ago. Things are going pretty much in the same direction as he predicted, contrary to many in the industry saying government-run major ports will continue to dominate the sector.
The private sector's share of cargo handling increased to 34 per cent in 2009-10, compared to 27 per cent a year ago and just 5 per cent nearly a decade ago. We anticipate the private sector will handle nearly 50 per cent of Indian cargo in the next five years, said an industry source.
For complete article, click here.