Major Ports to Embrace Landlord Model
PORTS & SHIPPING

Major Ports to Embrace Landlord Model

The Shipping Ministry of India is set on transforming 80% of its major ports to the landlord model by 2030. This strategy involves port authorities acting primarily as regulators and landlords, while private companies manage port operations, including cargo handling and terminal management.

The landlord model is anticipated to enhance operational efficiency, boost investment, and upgrade port infrastructure, aligning Indian ports with global standards. T.K. Ramachandran, Chairman of the Indian Ports Association, highlighted that this shift is critical for improving competitiveness and supporting economic growth. Under this model, ports can attract more private investments due to increased transparency and better regulatory practices. The private sector?s involvement is expected to bring advanced technology and best practices, thereby improving service quality and operational performance.

This move follows successful implementations of the landlord model in leading global ports, which have shown significant improvements in performance and profitability. The Indian government aims to replicate these successes, fostering a more dynamic and efficient port sector that can better handle the growing demands of international trade.

In addition to efficiency gains, the landlord model is likely to provide substantial economic benefits, including job creation, improved logistics, and enhanced global trade connections. By modernising port management and operations, India hopes to establish its ports as major hubs in the global maritime landscape, driving economic growth and development.

Overall, this strategic initiative represents a significant step towards modernising India?s port infrastructure, positioning the country as a competitive player in the global maritime industry.

The Shipping Ministry of India is set on transforming 80% of its major ports to the landlord model by 2030. This strategy involves port authorities acting primarily as regulators and landlords, while private companies manage port operations, including cargo handling and terminal management. The landlord model is anticipated to enhance operational efficiency, boost investment, and upgrade port infrastructure, aligning Indian ports with global standards. T.K. Ramachandran, Chairman of the Indian Ports Association, highlighted that this shift is critical for improving competitiveness and supporting economic growth. Under this model, ports can attract more private investments due to increased transparency and better regulatory practices. The private sector?s involvement is expected to bring advanced technology and best practices, thereby improving service quality and operational performance. This move follows successful implementations of the landlord model in leading global ports, which have shown significant improvements in performance and profitability. The Indian government aims to replicate these successes, fostering a more dynamic and efficient port sector that can better handle the growing demands of international trade. In addition to efficiency gains, the landlord model is likely to provide substantial economic benefits, including job creation, improved logistics, and enhanced global trade connections. By modernising port management and operations, India hopes to establish its ports as major hubs in the global maritime landscape, driving economic growth and development. Overall, this strategic initiative represents a significant step towards modernising India?s port infrastructure, positioning the country as a competitive player in the global maritime industry.

Next Story
Infrastructure Energy

Centre suggests states to list power firms

Power Minister Manohar Lal urged states and union territories to consider listing their power generation, transmission, and distribution companies on stock exchanges to attract investment and improve operational efficiency. Addressing the media, after a conference of power ministers, Lal highlighted the need for increased capital inflows to meet India’s rising power demand, which has placed added strain on the sector. “With the growing power demand, there is a growing need for investment in the sector and improving operational efficiencies. States may identify and take up utilities for lis..

Next Story
Infrastructure Transport

Metro on backburner as Tricity set to get new e-buses circuit

To boost connectivity for the commuters of the Tricity, a new circuit-cum-network of electric buses (e-buses) is all set to come up that will cover Chandigarh, Panchkula, and Mohali. The move comes days after Union Minister for Housing and Urban Affairs Manohar Lal Khattar said that in Chandigarh the ridership is not according to the criteria set for operating a Metro. He had also said that the option of a pod taxi can also be explored as it will not impact the heritage of the Union Territory (UT).Officials stated that the e-buses decision intends to provide an eco-friendly public transportati..

Next Story
Infrastructure Energy

Rajasthan government plans to develop hi-tech city near Jaipur

On the lines of Gujarat International Finance Tech (GIFT) City and Hyderabad Information Technology and Engineering Consultancy (HITEC) City, Raj govt is gearing up to develop a "hi-tech city" close to Jaipur. Recently, Boston Consulting Group – a multinational consulting firm – gave a presentation on the concept of hi-tech cities, follwing which the state govt has started looking for suitable land on outskirts of Jaipur. "We are going to construct a hi-tech city on the outskirts of Jaipur. We are trying to ascertain the amount of land required for core areas of the city and for areas wh..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000