Foreign Direct Investment upto 100% under automatic route is already permitted in the Port Sector which has resulted in several Public Private Partnership (PPP) projects coming up in the major ports.
At present, a total of 33PPP Projects with an investment of Rs 17817.96 crore are operational and 20 more PPP projects with an investment of Rs 22362.67 crore are under implementation, Bureaucracy Today has learnt.
As regards inland water transport sector, the Government intends to have private sector participation for the development of IWT terminals, fairway, operation and maintenance of terminals, vessels and navigational aids.
The Maritime India Summit 2016 was organised in Mumbai during 14-16 April, 2016 to showcase investment opportunities in shipping, ports and inland waterways sector.
This information was given by the Minister of State for Shipping Pon Radhakrishnan in written reply to a question in Lok Sabha today.