Visakhapatnam: The Centre has proposed to modernise all the ports in the country to increase the overall capacity of Indian ports to 3,230 million tonnes by 2019-20 from the present 936 million tonnes, Union Minister for Shipping GK Vasan on Friday said.
He said an investment of Rs 2.77 lakh crore was required for this purpose, which is meant for bringing them on par with international standards to increase the capacity of the ports.
Vasan was speaking on the sidelines of a programme on Friday.
As the government has not been able to meet the required funds, it was proposed to promote private partnership in the ports sector, he said adding the government has planned an investment of Rs 2.34 lakh crores from the private sector for the development of ports.
The Public Private Partnerships (PPP) in the port sector has given priority not only to infuse funds but also to induct the latest technology and improve management practices, he added.
According to Vasan, his ministry has formulated the maritime agenda 2010-2020, a perspective plan of the government to identify priority areas and the roadmap towards developing port sector on par with international standards.
The minister said the port sector in India had a "brilliant run" in the last decade, witnessing significant addition in capacity across the Indian coastline and cargo profile.
"The Ministry of Shipping had been continuously engaged in designing and implementing various projects for development of the port sector," he said.
He complimented the Visakhapatnam Port Trust, which started its commercial operations in October 1933, for its growth.
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