Tuesday, August 21, 2012

Captive Port Policy
The Union Minister of Shipping, Shri G.K. Vasan informed the Rajya Sabha today in a written reply to a question that as per existing Captive Policy, cases where 100% captive facilities (land/ waterfront) including captive oil jetties, platforms or SBMs are sought by Port based industries, including Central/State PSUs, can be considered, if they do not conflict with the Master Plan of the Port. Such cases can be considered, without recourse to a tender, provided such industries are port specific and are approved by the concerned Administrative Ministries, and the industry is willing to pay the maximum realization which the port may determine taking into account all relevant factors.

The Minister further informed that as per existing Captive Port Policy, the port-based industries have to invest to construct, operate and maintain the captive facilities established by them. Regarding the maximum period of captive facility and the Minimum Guaranteed cargo, ports have fixed different norms in the concession agreements based on the type of cargo and other factors. 

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