Six minor ports to be developed under PPP model

Six minor ports to be developed under PPP model

Six minor ports in the State including Belikere and Tadadi, have been taken up for development under Public Private Partnership (PPP) model, said Textiles and Ports Minister Baburao Chinchansur.

Speaking to mediapersons here on Monday, he said the Jindal company had shown interest in developing Mavinakarve port at the cost Rs 300 crore, while Renuka Sugars had come forward to develop Manki port.

A Hyderabad-based company is currently holding talks with the Government on developing Honnavar port, he added.

Chinchansur said Delhi-based Ashraya Ports Limited had shown interest in the overall development of Belikere port at the cost of Rs 3,000 crore. However, the process to sign an agreement with the company had been delayed due to the ongoing CBI investigation into illegal export of iron ore.

The Tadadi and Malpe ports will also be developed under the PPP model, wherein they will be leased to private investors for a period of 30 years.

The development of ports will not only bring in revenue to the Government but also boost the economy, he added.

Chinchansur said the government was planning to set up a textile park in all districts of the State and permission would be accorded to those companies that had more than 15 acres of land. A mega textile park will be set up at Yadgir district on 1,000 acres of land, he added.