India expects a $60-billion investment in its ports by 2020 to ease infrastructure bottlenecks. This expenditure would be part of the planned $1-trillion revamp of India’s choked transport and power networks.
“The focus will be on awarding projects under the public-private-partnership mode, with [a] chunk of investments coming from the private sector,” B.K. Chaturvedi, a member of the Planning Commission, told a local newspaper. Currently, 74 projects have been implemented, and 29 projects have yet to be approved. In addition, the National Maritime Development Program has planned two large shipyards and asked the maritime states to identify possible sites—one on the east coast, one on the west coast—for the shipyards, said the minister of shipping, G.K. Vasan, in the country's parliament.