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Direct Port Entry (DPE) facility of V O Chidambaranar Port Trust inaugurated in line with Maritime Vision 2030

  • IASbaba
  • November 1, 2020
  • 0
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Direct Port Entry (DPE) facility of V O Chidambaranar Port Trust inaugurated in line with Maritime Vision 2030

Part of: GS Prelims and GS-III – Infrastructure

In news

  • Recently, the Union Minister of State for Shipping has inaugurated the Direct Port Entry (DPE) facility of V O Chidambaranar Port Trust (VOCPT).

Key takeaways 

  • The state-of-the-art DPE facility is created inside the Truck Parking Terminal which was developed under the ‘Sagarmala’ for issuing customs clearance of export cargo.
  • The facility aligns with the ‘Maritime Vision 2030’ of the Ministry of Shipping.
  • Significance: (1) Reduce logistics cost and increase the velocity of the cargo; (2) Enable direct movement of containers from factories; (3) Help in increasing Ease of Doing Business for the exporters. 

Important value additions 

Maritime India Vision 2030

  • It is a ten-year blueprint for the maritime sector which will be released by the Indian Prime Minister at the Maritime India Summit in November 2020.
  • It will supersede the Sagarmala initiative. 
  • It aims to boost waterways, the shipbuilding industry and encourage cruise tourism in India.
  • Maritime Development Fund: It is a Rs. 25,000-crore fund, which will provide low cost, long-tenure financing to the sector with the Centre contributing Rs. 2,500 crore over seven years.
  • Port Regulatory Authority: A pan-India port authority will be set up under the new Indian Ports Act for enabling oversight across major and non-major ports. 
  • Eastern Waterways Connectivity Transport Grid project: It will aim to develop regional connectivity with Bangladesh, Nepal, Bhutan and Myanmar.
  • Riverine Development Fund: It will extend low cost, long-term financing for inland vessels with the support of a Riverine Development Fund (RDF)
  • Rationalisation of Port Charges: It will make them more competitive. All hidden charges will be done away with.
  • Promotion of Water Transport

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