The concession periods for developments of greenfield ports and multipurpose jetties was also increased from 35 years to 50 years. The government, however, has retained the rider that 100 per cent capital investment for such developments will have to be made within the first 35 years.
The PAC, in its report tabled before the Legislative Council on Friday, has demanded an action taken report within three months. The report noted that the BMC should not have made payments in a hurry to the MbPT.
It increased further by about 18 per cent in 2015-16 with 1,53,647 units till February this year. Officials said of the total units handled, the majority share was that of exports with around 3,000 units imported.
The MbPT, through an affidavit, revealed that based on a directive by the Union Ministry of Shipping to the Indian Ports Association, a consultancy group was hired to carry out a study of India’s major ports.