NEW DELHI: Cabinet Friday approved a revision to the shipping ministry’s captive waterfront policy to accelerate private investment by providing greater operational certainty and allowing govt entities to obtain waterfronts on a nomination basis.The revised Policy for Award of Waterfront and Associated Land to Port-Dependent Industries (Captive Policy) introduces a series of reforms aimed at improving operational flexibility and strengthening infrastructure development at major ports.The shipping ministry said the revised policy allows existing captive users to develop additional berths, jetties, terminals and Single Buoy Moorings (SBMs) to meet enhanced captive requirements. It also extends the concession period to up to 30 years for govt entities while addressing changes arising from evolving business needs and regulatory conditions.Officials said there were around 24 captive waterfront facilities as of last year.Join conversationView All Comments →Share your thoughts in the commentsInsightfulAgreeDisagreeSkepticalConcerningPromisingWorth ReadingBig DevelopmentPost CommentBe respectful · TOI community guidelines“The policy is expected to provide greater certainty to investors, facilitate capacity augmentation and improve the ease of doing business in the port sector without any financial implication for the government,” the ministry said.The revised policy also provides a framework for allotting waterfronts and associated land to eligible government organisations on a nomination basis, without resorting to competitive bidding, subject to availability and prescribed safeguards.Eligible entities include Central and state govt departments, statutory authorities, autonomous bodies, public sector undertakings (PSUs) and government-controlled joint ventures operating in sectors such as fertilisers, food, petroleum, oil and gas, coal, and steel, as notified by the shipping ministry.Under the revised policy, concessions will be awarded at the notified floor price.Get the latest India News and Live updates. Download the TOI app.End of ArticleFollow Us On Social MediaVideosMigrant Labourer Killed In Kulgam Terror Attack, Security Forces Launch Massive Search OperationCauvery Row Escalates As TN Farmers Protest, DK Shivakumar Delays Meeting With VijayDelhi Riots Case: Tahir Hussain, Four Others Get Life Term For IB Officer Ankit Sharma’s MurderIndia Signs Rs 4,000 Crore Credit Agreement With Bhutan, Reviews Rs 10,000 Crore Development PackageIndian Navy Receives Indigenous Diving Support Vessel Nipun, Strengthens Deep-Sea Rescue CapabilityCabinet Approves ₹84,084 Crore Samudra Manthan Scheme To Boost Offshore Oil And Gas ExplorationMeta India Head Named In FIR As Posts Criticising PM Modi Surface; Social Accounts Under Scanner’My Father Was Almost Lynched’: Injured Delhi Cop’s Daughter Emotional Appeal After Violence | Watch’Cracks Appeared Hours Before Collapse’ Rescue Teams Search For Survivors In Maharashtra’s BhiwandiCJP’s Saurav Das Says Abusive Remarks Deserve Defamation Cases, Not Criminal Prosecution | Watch123PhotostoriesHe thought it was food poisoning until doctors found a kidney stone: The warning signs that are easy to missWhy Indian royals chose emeralds over diamonds: The fascinating history behind their favourite gemstoneWhat happens when you say ‘thank you’ every day? These 5 spiritual changes may surprise you5 ancient Egyptian rituals that are deeply disturbingBreast cancer often begins without pain: Doctor explains the early warning signs every woman should know and why timely screening can save livesWhy children are more vulnerable to heatwaves than adults: Doctor explains the hidden risks of heat, humidity and dehydrationAs Ranbir Kapoor’s ‘Ramayana’ revives traditional fashion, meet the woman who gave India the blouse, petticoat and modern Nivi sareeWho is Vinnie Takair? Danish singer spotted with Aryan Khan in London sparks dating rumoursOptical Illusion personality test: What you feel most drawn to first says a lot about who you really are10 baby names inspired by Greek mythology123Hot PicksHurricane IrmaRuchika SinghRRB Group D Admit CardNEET selective edit windowCommonwealth Games LiveUS work permit feeE20 petrol debateAssam floodsKanwar Yatra 2026Top TrendingSaurav DasBengal JeM Terrorist ArrestedJaisalmer Military Station AccidentCM VijayDehradun Teacher SuicideAnkit Sharma Murder CaseAam Aadmi PartyShraddha Walkar Murder CaseMumbai Building CollapseStock Market Up
NEW DELHI: Cabinet Friday approved a revision to the shipping ministry’s captive waterfront policy to accelerate private investment by providing greater operational certainty and allowing govt entities to obtain waterfronts on a nomination basis.The revised Policy for Award of Waterfront and Associated Land to Port-Dependent Industries (Captive Policy) introduces a series of reforms aimed at improving operational flexibility and strengthening infrastructure development at major ports.The shipping ministry said the revised policy allows existing captive users to develop additional berths, jetties, terminals and Single Buoy Moorings (SBMs) to meet enhanced captive requirements. It also extends the concession period to up to 30 years for govt entities while addressing changes arising from evolving business needs and regulatory conditions.Officials said there were around 24 captive waterfront facilities as of last year.
Share your thoughts in the comments
Be respectful · TOI community guidelines
“The policy is expected to provide greater certainty to investors, facilitate capacity augmentation and improve the ease of doing business in the port sector without any financial implication for the government,” the ministry said.The revised policy also provides a framework for allotting waterfronts and associated land to eligible government organisations on a nomination basis, without resorting to competitive bidding, subject to availability and prescribed safeguards.Eligible entities include Central and state govt departments, statutory authorities, autonomous bodies, public sector undertakings (PSUs) and government-controlled joint ventures operating in sectors such as fertilisers, food, petroleum, oil and gas, coal, and steel, as notified by the shipping ministry.Under the revised policy, concessions will be awarded at the notified floor price.
