Senior officials said that depending on the findings of the team, the government would take a final decision on whether the remaining 11 majors ports should also be corporatised or not.
The team consists of a chartered accountant, a company law expert and an independent consultant. It is expected to submit its report in two months.
Ennore port is the only corporatised port in the country.
FE had reported earlier that an inter-ministerial group (IMG) had been set up in June under the leadership of shipping secretary DT Joseph to look into the corporatisation of ports.
Next Port Of Call
| Ennore port is the only corporatised port in the country |
Issue of ports corporatisation was first raised by the NDA government in 1996. UPA government took up the issue with the setting up of IMG
A final decision on corporatisation of the remaining 11 majors ports depends on the findings of the team
Top officials in the ministry of roads, highways and shipping had said that only after the evaluation of Ennore Port, would the corporatisation of other ports be considered.
Although Ennore Port had been corporatised in 2001, sources said it was for the first time the government is evaluating its performance.
The issue of ports corporatisation was first raised by the NDA government in 1996.
However, the proposal was shelved later. With the UPA government coming to power, the issue formally began with the setting up of the IMG.
Since the performance of Ennore Port has been kept as benchmark for continuing with the process of corporatisation of the other ports, the report would be awaited with much anticipation, maintained the sources.