National Maritime Development Policy
The Government has announced several policy and fiscal benefits for development of Brownfield and Greenfield projects in this sector
The Government has drafted the Rs 1000 bn National Maritime Development Policy (NMDP). The aim of NMDP is to facilitate private investment, improve service quality, promote competitiveness and encourage more investment in the port sector
60% of the total investment is expected to be financed by the private sector in the development of ports and related infrastructure over the next 10 years

Development of Greenfield Ports
Several Maritime states have formed Maritime Boards for the development of Minor Ports on PPP in their respective states

Expansions and Modernisations
Major Ports have been permitted to invite private sector participation for expansions and modernisation at the ports

Policy initiatives:
100% FDI under the automatic route is permitted for port development projects
100% income tax exemption for a period of 10 years.
A comprehensive National Maritime Development Policy is being formulated to facilitate private investment, improve service quality and promote competitiveness
Tariff Authority of Major Ports (TAMP) regulates the ceiling for tariffs charged by Major ports/port operators (not applicable to Minor ports)