Gujarat government helping Adani Ports ‘secure monopoly’ in state, alleges Congress
Party leader Jairam Ramesh alleged that the state was planning to increase the concession period for ownership of private ports in favour of the company.
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Congress leader Jairam Ramesh on Wednesday alleged that the Bharatiya Janata Party government in Gujarat was helping the Adani Group secure a monopoly over the state’s port sector.
Ramesh said the Gujarat government grants private ports a 30-year concession period on a build-own-operate-transfer, or BOOT, basis. When the concession period lapses, the port’s ownership is transferred to the state government.
“On the basis of this model, Adani Ports currently has control over Mundra, Hazira, and Dahej ports,” Ramesh said. “Before the 2024 Lok Sabha Elections, Adani Ports requested the Gujarat Maritime Board to extend this concession period by another 45 years to 75 years in total.”
This was much beyond the maximum permissible period of 50 years, he claimed.
The state government rejected the allegations as unverified and baseless, reported PTI.
The Gujarat Government grants private ports a 30-year concession period on a Build-Own-Operate-Transfer (BOOT) basis, after which ownership gets transferred to the Government of Gujarat. On the basis of this model, Adani Ports currently has control over Mundra, Hazira, and Dahej…— Jairam Ramesh (@Jairam_Ramesh) August 14, 2024
Ramesh said that the Gujarat Maritime Board recommended that the state government protect its revenue interests after the end of the 30-year concession by inviting bids from other potential operators and companies, or renegotiating financial...
