Land policy guidelines for major ports, 2014
Major Ports in the country have between them 2.64 lakhs acres, which is a Major resource that can be leveraged for commercial advantage. The Policy Guidelines formulated for land management will provide the necessary regulatory framework for land allotment and other Port specific practice like waterfront charges/way-leave permissions etc. The endeavour of the Policy is to enable the Ports to carry out leasing and licensing of Port land in a transparent manner. Discretionary powers have been reduced and tender-cum-auction methodology has been prescribed as the dominant method of allotment. The thrust of the Policy has been to maximize the realisation for the Port by linking the value of the land resources with the prevailing market rates.