The union cabinet has given approval to the 'Policy Guidelines for Land Management by Major Ports, 2014' which will enable major ports across the country to lease out land for port related activities and businesses.
As per the policy, major ports can allot land either owned or managed by the port trusts through licenses or leases, and valuation of the land will be done based on the market value TAMP - the Tariff Authority for Major Ports.
The policy will be applicable to all the major port trusts and Ennore port except for land relating to the township areas of Kandla, Mumbai and Kolkata ports.
Further, government departments, schools, colleges, and security agencies will get a special dispensation under the new land policy guidelines.
The policy aims to help major ports to make optimal use of their land resources.