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The Cabinet approved a revised Captive Policy — replacing the 2016 policy — letting existing Port Dependent Industries expand via new berths/jetties/terminals/SBMs and extend concession agreements up to 30 years without a fresh tender, at the higher of market rate or indexed existing revenue.
Capacity expansion will use competitive bidding with a Right of First Refusal (RoFR) for existing concessionaires, restricted to PDIs handling the same cargo profile; any new berth's concession stays co-terminus with the existing facility's maximum permissible period.
For the first time, eligible government entities (Central/State departments, statutory bodies, CPSUs/SPSUs) can get waterfront access without competitive bidding, at the notified floor price — with no financial implication for the Government.
Accelerate PPP investment, capacity expansion and government waterfront access at major ports
Key: 30-year concession renewal without fresh tender; RoFR-based competitive expansion; government-entity direct access at floor price; Change in Law/Unforeseen Events provisions
Port-led development leveraging India's coastline and waterways
Key: Launched March 2015; Sagarmala 2.0 approved by the Cabinet in 2025 to deepen port-led infrastructure and cut logistics costs
Replaced the Major Port Trusts Act, 1963 (presidential assent 17 February 2021); created Major Port Authorities (replacing Port Trust Boards) with tariff-setting autonomy — the framework under which the revised Captive Policy operates
GS Paper 3 > Infrastructure > Ports and Shipping
New Cabinet-approved policy; recurring as implementation details emerge
A provision letting an existing concessionaire match the highest competitive bid for new capacity, preserving continuity while enabling price discovery.