(a) whether the Government of Sri Lanka is keen in investing
in Indian port projects;
(b) if so, the details thereof and the reasons therefor;
(c) whether the existing policy allow 100% Foreign Direct
Investment (FDI) in the Port Sector; and
(d) if so, the reasons therefor?
MINISTER OF SHIPPING (SHRI G.K. VASAN)
(a) & (b): The Government of Sri Lanka has not approached the Government
of India indicating interest in investing in Port Projects in India.
(c): 100% Foreign Direct Investment (FDI) is permitted for
construction and maintenance of ports and harbours.
(d): The Government has been encouraging private sector participation
in port development since 1996 mainly on Build, Operate and Transfer (BOT) basis
with revenue sharing mechanism to augment and upgrade the capacity at Indian Ports.