Calling the Situation Grim, the Supreme Court Takes Suo Motu Cognizance of Delays in NCLT Approvals  ||  Supreme Court: Admission of a Claim by a Resolution Professional is Not Debt Acknowledgment  ||  Supreme Court: Public Figures Must Exercise Caution as Their Words Have Consequences in Society  ||  SC: State Must Act as a Model Employer, Criticising the Union For Not Regularising ISRO Workers  ||  J&K&L High Court: Minor Minerals Have Major Environmental Impacts and Must be Regulated  ||  Del HC: Unexplained Money Received by Public Servant is Not Bribery Without Proof of Official Favour  ||  Del HC: There is No Absolute Bar on Granting Co-Convicts Parole/Furlough Together in Suitable Cases  ||  Bom HC: LARR Authority Can Examine Limitation Issues in Land Acquisition References under 2013 Act  ||  MP HC: Long-Serving Employees Cannot Be Denied Regularisation by Retrospective Statutory Amendments  ||  J&K&L HC: Routine Challenges to Lok Adalat Awards Defeat Their Purpose of Quick Dispute Resolution    

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 2026 - All Rights Reserved