In an interview with The Indian Express, Nitin Gadkari, union minister for road transport, highways and shipping, said: \u201cThe Act will be simple to understand, transparent and business friendly. Under this itself, we are proposing to abolish TAMP, which will be tabled in the next Parliament session.\u201d<\/p>\n
Mr Gadkari added that the ministry is working on a proposal to form subsidiaries under the 12 major ports in India, which will invest in developing inland waterways across the country.<\/p>\n
According to the plan, the ministry is expected to unveil a new policy which will enable all government run ports to form companies under their umbrella, with a focus on such development. Already, a decision has been made to form two waterways under Goa port.<\/p>\n
The ministry\u2019s budget, however, is not enough to carry out an ambitious inland waterways project and it has, therefore, asked all major ports to start subsidiaries which will leverage dollar-denominated billing to raise low-cost money.<\/p>\n
With resource mobilisation being a key concern, the ministry has also written to the Finance Ministry to ask for 5% of the overall petrol-diesel levy for inland waterways, said Mr Gadkari.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Indian government has announced plans to abolish the Tariff Authority for Major Ports (TAMP) and introduce a new Act that will govern the sector.<\/p>\n","protected":false},"author":8,"featured_media":4734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[],"sponsor":[],"class_list":["post-4733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/4733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=4733"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/4733\/revisions"}],"predecessor-version":[{"id":4735,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/4733\/revisions\/4735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media\/4734"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=4733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=4733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=4733"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=4733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}