Townships to be developed near major ports

Putting to use the massive chunks of land surrounding major ports the Shipping Ministry is drafting a new township policy. These townships will be developed on PPP basis, starting with key ports in Mumbai, Kolkata, Chennai, and Vishakapatnam, with plans to include all ports eventually. Under the Viability Gap Funding scheme, a mega package of Rs.5000 Cr is also being tabled for the purpose. This initiative aims to encourage the construction of inland vessels, with future plans to extend support to the manufacturing of sea-bound vessels, including cruise ships.