Public-private partnerships have been a significant source of funding for port infrastructure, and the Ministry of Ports, Shipping, and Waterways (MoPSW) has 44 projects in the works that will require a combined investment of Rs 22,900 crore through 2024–25, according to Union Minister Sarbananda Sonowal.
Additionally, according to Sonowal, the government is developing standards for handling stressed public-private partnership (PPP) projects at significant ports and has also developed laws to promote the shipbuilding sector in India.
“The Ministry of Port, Shipping and Waterways is working on two fronts to encourage private sector participation… On the project front the ministry has a pipeline of 44 projects for a total investment of Rs 22,900 crore till 2024-25,” he said.
