initiative to develop the maritime sector, with an outlay of USD 11.8 billion. The policy lists measures for enhancing private investment, improving service quality and promoting competitiveness to meet medium- andlong-term objectives. With this objective, the Department of Shipping has finalized the list of projects to be takenup in major ports under the NMDP up to 2011–12. These projects will involve a total investment of Rs. 55,804crore. The programme will be implemented through public/private partnership in two phases.Besides the NMDP, the government has initiated two more notable regulatory and policy initiatives to ensure theholistic development of the Indian port sector — the National Maritime Agenda 2010–20 and the Draft PortRegulatory Authority Bill, 2011.The National Maritime Agenda 2010–20 outlines the framework for the development of the port sector with atarget capacity of over 3 billion tonnes by 2020, largely through private sector participation. The agendaenvisages a cumulative investment of around Rs. 2,774 billion in the port sector between 2010 and 2020 in threephases. The non-major ports are expected to account for 61% of the proposed investment and the major ports for the rest.The agenda also suggests policy-related initiatives to improve the operating efficiency and competitiveness of Indian ports. These include major ports to be turned into landlord ports by 2020 with their role being to provide theport infrastructure, while operations and services would be provided by the private sector participants.The Draft Port Regulatory Authority Bill, 2011, provides for the establishment of a regulatory authority to regulaterates for facilities and services provided at the ports and to monitor the performance standards of port facilitiesand services. The regulatory authority will be tasked with the job of framing guidelines for port authorities andprivate operators on rates that will be charged for various services. Further, the authority will also lay downperformance norms and quality standards to be met by port authorities and private operators, besides monitoringtheir performance. Port authorities and private operators running facilities with a cargo-handling capacity of lessthan 5 million tonnes a year will be outside the purview of the authority.
Significant investment is being done on BOT basis by foreign players. Some of these foreign players are Maersk(JNPT, Mumbai), P&O Ports (JNPT, Mumbai and Chennai), Dubai Ports International (Cochin andVishakhapatnam) and PSA Singapore (Tuticorin).Some of the prominent Indian port companies include Mundra Port and Special Economic Zone Limited, EnnorePort Limited, Mormugao Port Trust, Kakinada Seaports Limited, Krishnapatnam Port Company Limited, DhamraPort Company Limited and Adani Petronet (Dahej) Port Private Limited. There are several port terminal operatorstoo, with some of the big companies being TM International Logistics Limited, Chennai International TerminalsPrivate Limited, Nhava Sheva International Container Terminal Private Limited, Chennai Container TerminalPrivate Limited, Mundra International Container Terminal Private Limited, Sical Iron Ore Terminals Limited,International Seaports Haldia Private Limited, Vizag Seaports Limited and Ennore Tank Terminals Private Limited.Major companies that operate as port service providers are Ocean Sparkle Limited, Seabird Marine ServicesPrivate Limited, Sealion Sparkle Maritime Services Limited, Sealion Sparkle Port & Terminal Services (Dahej)Limited, IMC Limited, Polestar Maritime Limited, TM Harbour Services Private Limited, International SeaportDredging Limited, Adani Logistics Limited, Navkar Corporation Limited, Pipavav Railway Corporation Limited,Saurashtra Containers Private Limited and Triway Container Freight Station Private Limited.
According to estimates by the Ministry of Shipping, cargo volumes in India are expected to breach the 1-billiontonne mark in the 2011–12; the 2-billion tonne mark by 2016–17; and 2.4 billion tonnes by 2019–20. A report onthe Indian port sector (ICRA Rating feature, September 2011), released by consultancy firm ICRA, states that theprospects for cargo growth over the medium- to long-term remain positive based on the level of activities in thekey end-user industries.Going forward, growth of traffic at Indian ports is expected to be driven mainly by higher volumes of coal (to meetrequirements of the large number of current and proposed thermal power projects based on imported coal);