[vc_row][vc_column][vc_column_text]The shipping ministry on Friday invited public comments for the Major Port Authorities Bill, 2016, which will replace the Major Port Trusts Act, 1963.
The bill aims to give more autonomy and flexibility to the major ports in the country to promote port infrastructure and facilitate trade and commerce. The bill has been put in the public domain for the second time after incorporating feedback the ministry received from various stakeholders.
Under the bill, the composition of a port board has been simplified and now it will consist of 10 members, including 3-4 independent members, instead of 17-19 under the present Port Trust Model. Moreover, provisions have been made to include government and labour nominee members too.
In future, operators of public-private partnership ports will be free to fix market-linked tariffs.
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