Note4Students
From UPSC perspective, the following things are important :
Prelims level: Vadhavan Port
Why in the News?
The Ministry of Ports, Shipping and Waterways has approved the project proposal for setting up a Major Port at Vadhavan, Palghar District of Maharashtra.
About Vadhavan Port Project
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Existing Major Ports in India
- India has 12 Major Ports: Chennai, Cochin, Deendayal (Kandla), Jawaharlal Nehru (Nhava Sheva), Kolkata, Mormugao, Mumbai, New Mangalore, Paradip, V.O. Chidambaranar (Tuticorin), Visakhapatnam, and Kamarajar Port Limited.
- Private Sector participation is allowed in Major Ports for specific projects/berths/terminals through concession agreements for a specific period via open competitive bidding on revenue share/royalty between the Concessionaire and the Major Port Authority.
- After the expiry of the concession period, the asset is handed over to the Port Authority.
Significance of Major Ports
- Major ports play a critical role in facilitating international trade and commerce.
- They serve as gateways for the import and export of goods, significantly contributing to the country’s economy.
- Ports generate substantial revenue for the government through customs duties, port fees, and other related charges.
- Ports facilitate international collaboration and partnerships, enhancing diplomatic and trade relations with other countries.
PYQ:[2016] Recently, which of the following States has explored the possibility of constructing an artificial inland port to be connected to sea by a long navigational channel? (a) Andhra Pradesh (b) Chhattisgarh (c) Karnataka (d) Rajasthan |
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