The port sector has played a significant role in improving India’s ranking in ‘Ease of Doing Business’ index, according to MT Krishna Babu, Chairman of New Mangalore Port Trust (NMPT).
Speaking at the valedictory of the ‘Vigilance Awareness Week’ celebrations at New Mangalore Port on Friday, he said ‘trading across borders’ is one of the key components ofi the ‘Ease of Doing Business’ index, and the ranking in this segment has improved from 140 to 78 in a year.
“That shows our (port sector’s) contribution also,” he said, adding that ports and airports play a major role in trading across the border.
Referring to NMPT’s decision to stop the practice of ‘notional booking’ and ‘speed money’ paid to the dock workers, he said the decision has helped gain the confidence of stakeholders of the port.
(Krishna Babu, on assuming charge in July, topped these practices from August 1, saying they were impacting the port by Rs 40-50 a tonne compared to any neighbouring port.)
He said that labour unions also have understood that they have to change. He said many industrial units in Hassan district were moving to other ports, though it was closer to NMPT, citing these practices.
With the port, thanks to the cooperation of the unions, taking these steps, exporters are regaining confidence in the port, and thinking of trying NMPT as their gateway, he said.
K Umamaheshwara Rao, Director of National Institute of Technology Karnataka (NITK), Mangaluru, delivered a special lecture on the occasion.