Kerala HC Upholds Life Terms For Five, Acquits Two in Renjith Johnson Murder, Says TIP Not Needed  ||  Kerala HC Orders Emergency Electric Fencing at Tribal School to Address Rising Wildlife Conflict  ||  Madras HC: Arbitrator Can’t Pierce Corporate Veil to Bind Non-Signatory and Partly Sets Aside Award  ||  Calcutta HC: Post-Award Claim For Municipal Tax Reimbursement is Not Maintainable under Section 9  ||  Tripura HC: Tax Authorities Cannot Revive Repealed VAT Powers or Retain Deposits Without Law  ||  J&K&L HC: Obtaining a Passport is a Constitutional Right; Citizens Need Not Prove Travel Necessity  ||  Allahabad HC: Police Report in Non-Cognizable Offence is a Complaint; Accused Must Be Heard First  ||  Kerala HC: Hospitals Must Display Rates and Cannot Deny Emergency Care For Lack of Advance Payment  ||  Orissa HC: Convict’s Refusal to Appeal Through Legal Aid Must be Recorded in Writing  ||  SC Halts Deer Translocation From Delhi’s AN Jha Park And Orders a Probe into DDA Negligence    

Cabinet approves Exemption from applicability of DPE Guidelines to India Ports Global Limited- (Press Information Bureau) (26 Feb 2020)

MANU/PIBU/0494/2020

Customs

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the exemption of the India Ports Global Ltd. (IPGL) from the DPE Guidelines, except reservation and vigilance policies.

IPGL was incorporated under Companies Act 2013, as a Special Purpose Vehicle jointly promoted by Jawaharlal Nehru Port Trust (JNPT) and Deendayal Port Trust (DPT), [earlier Kandla Port Trust (KPT)], under Administrative control of Ministry of Shipping, for development and management of Shahid Behesthi Port of Chabahar in Iran.

Subsequent to the withdrawal of the USA from the Joint Comprehensive Plan of Action (JCPOA), Ministry of External Affairs advised Ministry of Shipping on 29th October 2018 to exclude JNPT and DPT from possible impact of US sanctions.

Based on this and with the approval of Empowered Committee all the shares of JNPT & DPT were purchased by "Sagarmala Development Company Ltd" (SDCL) on 17th December, 2018. SDCL is a CPSE and therefore IPGL being subsidiary of SDCL has also become a CPSE. As a result, Guidelines of DPE are technically applicable on IPGL.

Since Chabahar Port is Country's first overseas port project with strategic objectives, there is an urgent need to allow IPGL to continue to function as a Board managed company, duly following the instructions of Ministry of Shipping & Ministry of External Affairs, without making the guidelines of DPE applicable to it for a period of 5 years. Accordingly, Ministry of Shipping has requested exemptions to IPGL from the applicability of the DPE guidelines, for smooth execution of the project.

Tags : EXEMPTION   APPLICABILITY   DPE GUIDELINES  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved