Published On:January 3 2014
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Cabinet clears guidelines for land management by major ports.
The union cabinet recently approved a new land use policy that will allow major ports in the country to lease out land for port related activities and businesses. India has 12 major ports which together have about 2.65 lakh acres of land which can be leveraged for this purpose.
The policy is expected to help the major ports boost their revenues by making optimal use of their land resources as well as enable them to become attractive destinations for port related business.
ET