Preamble
Preamble
It has been assessed that major expansion is required in the port infrastructure sector in the country in order to handle the sea borne traffic on account of increasing foreign and coastal trade. In order to mobilize substantial resources required for the purpose and in order to improve efficiency, productivity and quality of service as well as to bring in competitiveness in port services, the port sector has been thrown open to private sector participation. This is in consonance with the general policy of liberalisation/globalisation of economy of Government of India. It is expected that private sector participation would result in reducing the gestation period for setting up new facilities help bring in the latest technology and improved management techniques.