Allocation of Rs 5,000 crore as tax-free infrastructure bond for ports will "definitely help" the sector grow, according to Mr M.L. Meena, Chairman, Kolkata Port Trust.
“It is good that the Finance Minister has retained this allocation for ports in this Budget also. It will help us increase the capacity of the ports, thereby improving the infrastructure,” Mr Meena said.
“As this fund can be used for public private partnership projects, we can use it for developing Sagar and Diamond Harbour port facilities in the east as well,” he added.