What is the objective of the corporatization of the Ports? Do you think, corporatization of the ports will be a game changer in Port development in India?
Large numbers of ports in India are under Major Port Trust (MPT) Act, 1963 and offer operational restrictions and administrative controls for government. So, the ports are needed to be corporatized for better development and will also help in
- Functional Autonomy
- Increased Productivity and Efficiency
- Quicker and Timely Decision Making
- Accountability of Management
Corporatization of ports will alone not serve the purpose because once the ports comes under the government control; they need to compete with private enterprises to survive. So, better management of public sector is the major need .Else, as usual when things will go out of government control, soon corporatization of ports will change to privatization of ports.