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Indian port privatisation receives fresh impetus

Indian port privatisation receives fresh impetus

Mumbai: The Indian Private Ports & Terminals Association (IPPTA) reports that it has entered a new development phase, launching a number of initiatives to promote further port privatisation within India and to assist the Government in formulating policies for the port sector.

To reflect this fact a new logo was launched earlier this month at a ceremony attended by various dignitaries including (pictured from left) Kevin D'Souza, IPPTA Honorary Treasurer; R. Kishore, IPPTA President; K. Mohandas, Secretary, Ministry of Shipping; and Shashank Kulkarni, IPPTA Secretary General.

IPTTA currently numbers more than 20 private port members, which collectively have invested more than Rs.6500 crores ($1.4bn) in the seven years since the association was set up in 2003.  [22/11/10]

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