Financial Daily from THE HINDU group of publications
Thursday, Nov 10, 2005
Financial Daily from THE HINDU group of publications Thursday, Nov 10, 2005 |
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Logistics
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Shipping - JNPT `No plans to dismantle tariff authority on ports' Gaurav Raghuvanshi
Kandla , Nov. 9 THE Ministry of Shipping and Road Transport has no immediate plans to dismantle the Tariff Authority on Major Ports (TAMP), a body created to fix user charges at the 12 major ports in the country. "India is yet to become a free market economy and we feel that there is still need for the Centre to regulate tariffs. TAMP was set up for a specific purpose and we feel that is still quite relevant," the Joint Secretary (Shipping), Mr A.K. Bhalla, told Business Line. At any rate, TAMP only prescribes the maximum tariffs and ports have been given the freedom to charge lower rates, he said. "TAMP was set up when port privatisation started to prevent demand-driven tariffs from playing havoc in the markets. TAMP should continue till competition ensures that monopolistic tariffs becomes impossible," Mr Bhalla said. TAMP was established in April 1997 to provide for an independent authority to regulate all tariffs, both vessel and cargo related, and rates for lease of properties in respect of major ports and private operators operating in these ports.
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