The government is now allowing private sector participation in major ports for specific projects, berths, or terminals. This involves entering into concession agreements for a set period, determined through an open competitive bidding process. Under these agreements, the private company and the major port authority will share the revenue or royalties generated, aiming to enhance port operations and investment opportunities. After the concession period ends, the asset is returned to the port authority. For the financial year 2024-25, the government aims to attract Rs 10,000 Crore in investments through Public-Private Partnership (PPP) projects at major ports: Rs 7,055 Crore at V.O. Chidambaranar Port, Rs 1,880 Crore at Deendayal Port, and Rs 1,065 Crore at Syama Prasad Mookerjee Port. These projects have already received government approval. To boost private investment and provide more flexibility, recent changes include the Major Port Authorities Act of 2021 replacing the Major Port Trust Act of 1963, updates to the Model Concessions Agreement (MCA), and new guidelines for tariff fixation in PPP projects.