The Union Minister of State for Shipping recently inaugurated the Direct Port Entry (DPE) facility at V O Chidambaranar Port Trust (VOCPT). This modern facility is part of the government’s larger vision to streamline and improve the functionality, speed, and efficiency of ports nationwide under the ‘Maritime Vision 2030’.
The Direct Port Entry Facility
The DPE facility at VOCPT is an illustrative example of how new-age technology is being leveraged to enhance port operations. Located within the Truck Parking Terminal developed under the ‘Sagarmala’ initiative, this DPE facility will issue customs clearance for export cargo. By adopting IT-enabled infrastructure, Indian ports are strategically aligning with the ‘Maritime Vision 2030’ outlined by the Ministry of Shipping.
Benefits of the Direct Port Entry Facility
The DPE facility is expected to bring a suite of benefits to domestic exporters. Highlights include reducing logistics costs, speeding up cargo movement, and enabling direct container transport from factories without intermediate handling at any container freight stations. This 24×7 service also promises decreased dwell time, lessened tariff costs, and improved competitiveness for shippers in the international trade arena, thereby enhancing the Ease of Doing Business in India.
Maritime India Vision 2030 Unpacked
The Maritime India Vision 2030 is a robust roadmap for the maritime sector that was unveiled by the Prime Minister at the 2020 Maritime India Summit. This blueprint supersedes the Sagarmala initiative and focuses on propelling the growth of waterways, invigorating the shipbuilding industry, and promoting cruise tourism in India.
New Policy Initiatives and Development Projects Under the Vision
Several ground-breaking initiatives underscore the Maritime Vision 2030. The creation of a Maritime Development Fund worth Rs. 25,000 crore aims to facilitate low-cost, long-term financing to the sector, with Rs. 2,500 crore to be contributed by the Centre over seven years.
The Vision also outlines the establishment of a pan-India Port Regulatory Authority under the new Indian Ports Act, replacing the old Act of 1908. This move is expected to tighten oversight across major and non-major ports, broaden institutional coverage, and boost investor confidence.
Other Notable Projects
Other eye-catching projects include the East Waterways Connectivity Transport Grid, designed to develop regional connectivity with Bangladesh, Nepal, Bhutan, and Myanmar. Additionally, the Riverine Development Fund will extend low-cost, long-term financing for inland vessels.
A proposed rationalisation of port charges is expected to enhance competitiveness, while promoting transparency by eliminating hidden charges. Also, the Vision emphasises the promotion of water transport as an alternative means of urban transport to decongest cities.