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The Ports, Shipping and Waterways minister Sarbananda Sonowal has said that public-private partnership in port infrastructure has been an important source of investment in the sector and the Ministry of Ports, Shipping and Waterways (MoPSW) has a pipeline of 44 projects for total investment of Rs 22,900 crore till 2024-25. Moreover, he said the government is working on the guidelines for dealing with stressed public-private partnership (PPP) projects at major ports and has also come up with policies to support the shipbuilding industry in India. On the policy front, he said the ministry is working on the Guidelines for dealing with stressed PPP projects at major ports.

The minister further said that under the National Monetization Pipeline (NMP), MoPSW has accorded approval to 22 projects worth Rs 12,222 crore. Out of the 22 projects, seven projects worth Rs 5,278 crore have already been awarded on PPP mode, rest projects are in various stages of bidding. According to him, the ministry is also working on the Captive Policy and Migration Policy (to new MCA and Tariff regime) to improve the ease of doing business and provide a conducive environment for private sector investments in the port sector.

He said under the PM Gati Shakti National Master Plan, MoPSW has identified 101 projects worth Rs 56,831 crore for implementation by 2024. Out of these, 13 projects worth Rs 4,423 crore have been completed and 9 projects worth Rs 716 crore are expected to be completed by March 2023. The Ports, Shipping and Waterways ministry has identified 9 High Impact Projects (HIP) and these have been uploaded in the Project Monitoring Group (PMG) portal and are being monitored at the Cabinet Secretariat level. Three HIP projects are already completed.