Goa mulling setting up a maritime board

PANAJI - The Goa government is mulling to set up a state maritime board to attract investment, easing the process of privatization of ports or designated areas within ports.

“Maritime boards can attract private capital and private participation easily. The board will also have the power to raise funds as well as loans on its own assets,” Ports Minister Nilkanth Halarnkar said Monday in a written reply in the assembly.

“Decision about privatization of port or part of ports can easily be taken under the set-up of a board, rather under a government department,” Halarnkar said.

He said the state government was studying maritime boards in Gujarat and Maharashtra, before it decides to form one.

–Indo Asian News Service