New concession agreement for Indian ports

It is hoped that this will energise a number of dragging projects, including the proposed deep draught iron ore than coal berths at Paradip port, four multipurpose berths at Kandla and container terminals at Ennore and Tuticorin. The new agreement allows port authorities to go directly to the inter-ministerial public private partnership appraisal committee to obtain final approval, rather than first having to acquire an in-principal approval.