Maharashtra rejigs maritime policy; extends concession licence periods.

The Maharashtra Cabinet last Tuesday approved the changes in the Maharashtra Maritime Development Policy of 2016, increasing the period of concession agreement for greenfield ports and multi-purpose jetties to 50 years from 35 now. Multi-purpose jetties have also been allowed to handle Exim cargo.

Maharashtra has the second-longest coastline among maritime states with two major and 48 minor ports. Currently, only 12 minor ports handle cargo. Therefore, the policy has highlighted the...

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