The Union Cabinet on Wednesday approved the Major Ports Authority Bill 2020, which will be introduced in the ongoing session of Parliament, Shipping Minister Mansukh Mandaviya said.
The Bill, approved by the Cabinet at a meeting chaired by Prime Minister Narendra Modi, will replace the existing regulations under a 1963 law, he said.
He said there had been many changes in the manner ports were operated since the 1960, including private players and public private partnership (PPP) model being used.
The 12 major ports in India would get a boost through the new law, he said, adding that disputes with private companies and PPP operators had been cropping up, but the existing law had no provisions to deal with them. The new law would also help in improving infrastructure, he added.
