India, March 11 -- The Government of India issued the following news release:
There are 12 Major Ports wholly-owned by the Government of India and governed by the provisions of the Major Port Authorities Act, 2021. These are Deendayal Port, Mumbai Port, Jawaharlal Nehru Port, Mormugao Port, New Mangalore Port, Cochin Port, V.O. Chidambaranar Port, Chennai Port, Kamarajar Port, Visakhapatnam Port, Paradip Port and Syama Prasad Mookerjee Port.
Private Sector Participation has been allowed in the Major Ports for specific projects/berths/terminals on Public-Private-Partnership (PPP) basis through concession agreement for a fixed tenure by way of globally open competitive bidding process on revenue share/royalty between the Major Port Authorit...