

NEW DELHI:
Union Minister of State for Shipping (I/C) Mansukh Mandaviya today launched ‘SAROD-Ports’ (Society for Affordable Redressal of Disputes – Ports) through virtual ceremony today in New Delhi.
Speaking at the launching, Mansukh Mandaviya termed SAROD-Ports as a game changer and added that it will become the pivotal mechanism of ummeed (hope), vishwas(trust) and nyaya (justice) in the Port sector of India. Mandaviya also added that enforcement of concession agreements in the letter and spirit is on the utmost priority. SAROD-Ports will resolve the disputes in fair and just manner while saving huge amount of legal expenditure and time.
Dr Sanjiv Ranjan, Secretary, Ministry of Shipping said that all major Ports are shifting towards ‘Landlord Model’ in the days to come. Many concessioners will be working with the Major Ports. SAROD-Ports will inspire confidence in the private players and will ensure right kind of environment for our partners. It will promote ease of doing business in the maritime sector because of the fast, timely, cost effective and robust dispute resolution mechanism.
SAROD-Ports is established under Societies Registration Act, 1860 with the following objectives:
- Affordable and timely resolution of disputes in fair manner
- Enrichment of Dispute Resolution Mechanism with the panel of technical experts as arbitrators.
SAROD-Ports consists members from Indian Ports Association (IPA) and Indian Private Ports and Terminals Association (IPTTA).
SAROD-Ports will advise and assist in settlement of disputes through arbitrations in the maritime sector, including ports and shipping sector in Major Port Trusts, Non-major Ports, including private ports, jetties, terminals and harbours. It will also cover disputes between granting authority and Licensee/Concessionaire /Contractor and also disputes between Licensee/Concessionaire and their contractors arising out of and during the course of execution of various contracts.
‘SAROD-Ports’ is similar to provision available in Highway Sector in the form of SAROD- Roads constituted by NHAI.
more recommended stories
NPCI Bharat BillPay Onboards Airtel Payments BankMUMBAI:NPCI Bharat BillPay (NBBL), a wholly.
Aster DM Healthcare Completes Acquisition of 5% Stake in Quality Care India LimitedKOCHI:Aster DM Healthcare, one of the.
Godrej Supports Renewable Energy Transition in Northeast India’s FMCG IndustryMUMBAI:In a significant advancement supporting India’s.
Ed-a-Mamma Opens Doors to its First Store in BengaluruBENGALURU:Ed-a-Mamma, the homegrown sustainable clothing and.
Signify Inaugurates the 321st Philips Smart Light Hub in KochiKOCHI:Tapping customers across India, Signify (Euronext:.
Milma’s TRCMPU Posts Record Profit of Rs 39.07 cr in 2024-25THIRUVANANTHAPURAM:The Trivandrum Regional Co-operative Milk Producers’.
CloudHouse Starts Operations from Infopark ThrissurTHRISSUR:CloudHouse Technologies, which provides services including.
Microsoft and IIIT-Bangalore Launch “A4I – the AI Innovation and Inclusion Initiative”BENGALURU:Microsoft and the International Institute of.
Empower Self-reliance: KSUM Launches ‘Build It Big for Billions’THIRUVANANTHAPURAM:Kerala Startup Mission (KSUM) has launched.
Kerala to be Part of Global Knowledge Industry: Minister P RajeeveTHIRUVANANTHAPURAM:Kerala has built a strong platform.