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Govt Seeks More Participation from Pvt Sector

  • The Government has sought more private sector participation in developing ports. Shipping Minister G K Vasan said investments in the sector is expected to reach 50 lakh crore rupees in the 12th Plan period beginning next month.

  • Inaugurating a Conference on - Thriving in an imbalanced world - organised by CII in Chennai today he said the congestion at major ports is costing in terms of time and money. Cargo handling is projected to increase at all ports during the next plan.

  • The focus has to be on building vibrant, efficient and safe ports and shipping services and a strong base for ship building.As country's economic growth needs infrastructure, more investments are required in roads, airports and railways as well.

  • Vasan said the strategy of the government is to increase investment in infrastructure through a combination of public and private partnerships.

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