Experts and government officials said that the India’s plans of more than doubling its port capacity in five years could become a pipe dream as the major projects involving foreign investors have run aground recently.
According to indiatimes.com, in the past few months, four separate port projects have failed to take off in Tamil Nadu, Maharashtra and Kerala.
Hemant Bhattbhatt, senior director at Deloitte Touche Tohmatsu , said: “It’s unlikely that the government can double the capacity at major ports by 2017. It’s simply stating numbers. It has not been able to deliver in the past and it’s highly unlikely that it will deliver by 2017.”
The biggest challenge facing the union government will be the corporate sector’s lack of confidence to invest in the port business.
[mappress]
Dredging Today Staff, October 9, 2012