The announcement to corporatise all major ports will ensure total mechanisation by BOT operators ensuring faster evacuation of cargo, according to Vedanta’s Vizag General Cargo Berth CEO D.K. Manral. Corporatisation of major ports would make them into landlord ports significantly improving efficiency levels, he told The Hindu .
Mr. Manral said corporatisation was the next logical step to landlord model.
“This will mean that major ports will become corporations and will have to give return to the stakeholders. The ports will now be more accountable for profits and at double the pace they will head for landlord port model,” he said. He said more BOT projects would be set up and mechanisation would be scaled up. “Ports’ efficiency will improve and days of conventional handling will come to a near end. Each one of us from port sector can pick up and choose what we want.
More corporates will enter the port sector and its beginning of end to conventional cargo handling.
