ASSOCHAM India Press Meet, Hyderabad
AP has highest share of 46% in port projects under construction under PPP model: ASSOCHAM
The state of Andhra Pradesh (AP) commands lion's share of over 46 per cent with three projects worth over Rs 20,000 crore under construction in the ports sector under the public-private partnership (PPP) model as of April 30, 2013, according to a just concluded study by apex industry body ASSOCHAM.
"With three projects worth over Rs 1,425 crore, AP has a share of about six per cent in the PPP port projects under operation and the state has no projects in the ports sector that are under bidding," according to a just concluded study titled 'Port Developments in India' released by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
"While, Gujarat accounts for maximum share of over 50 per cent in the total number of completed projects in the ports sector that have been put to service delivery under the PPP model as of April 30, 2013, Kerala has the highest share of about 40 per cent in the PPP ports projects under bidding," highlighted the ASSOCHAM study that was jointly released by Mr Ravindra Sannareddy, chairman of the ASSOCHAM Southern Region- Council and Mr D.S. Rawat,• national secretary general at a press conference held here in Hyderabad today.