With an eye on future growth and to compete with private players, Deendayal Port Trust (DPT), formerly known as Kandla Port, has envisaged an investment of Rs 9,757 crore for sprucing up its infrastructure facilities.
One of the 12 major ports in India, DPT has already submitted its infrastructure development plan to the Union ministry of shipping.
The port has set a target to handle annually 137 million metric tonnes (MMT) cargo and increase revenue to Rs 1,967 by 2024.
The port has handled 102 MMT cargo till January this fiscal and hopes to complete the year with 119 MMT cargo handling. The port’s vision is to achieve 200 MMT by 2029.
“To realize our vision, DPT’s infrastructure facilities are being spruced up. The port intends to pump Rs 1,671 crore for augmenting its liquid cargo handling capacity from 8 million metric tonnes per annum (MMTPA) to 23 MMTPA. The capacity expansion projects will be executed on public-private-partnership basis,” said S K Mehta, chairman, DPT.
To upgrade its infrastructure facilities, an investment plan involving Rs 8,086 crore has been chalked out for the port situated at Kandla in Kutch. The investment will be made towards mechanization of fertilizer berth, revamping of berth structures, construction of roads and godowns, creation of new storage areas and improving rail connectivity.
In order to take on private port operators, DPT has decided not to increase tariff in the new Scale of Rates (SoR) for three years. It has already implemented this decision from November 2019. It will also maintain the lowest tariffs amongst neighbouring ports. The port authorities will also provide discounts to foreign vessels.
The port is going to start a marketing division and rope in marketing talents from premier institutes like IIM Ahmedabad and others