PROFIT/LOSS SUFFERED BY MAJOR PORTS

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The total net surplus of eleven Major Port Trusts in different parts of the country during 2001-2002 was approximately Rupees 291.41 crore (provisional).

The Cochin Port Trust and Mumbai Port Trust have incurred a net deficit of Rupees 35.15 crore and Rupees 182.02 crore respectively mainly due to increasing administrative expenses including payment on account of voluntary retirement scheme and retirement benefits. The net deficit of Mumbai Port Trust is also due to decline in traffic at that port. Efforts to improve the working of ports are made on a continuous basis. The financial condition of the ports is reviewed periodically and the ports are given suitable instructions for curtailing expenditure in non-priority areas and generally optimising the resource use including control on establishment costs, for improving their financial condition.

This information was given in Lok Sabha today by the Minister of State for Shipping Shri Shripad Y. Naik in a written reply to a question by Shri Uttamrao Dhikale.