In 2006 the 12 major ports in India were asked by the Indian Ports Association to submit a business plan for the next 6 years. These business plans should be based on a masterplan covering the coming 20 years.
From an overall analysis of the present performance of the Port of Cochin it was concluded that the port is not primarily hampered by shortage of capacity but is suffering from commercial problems. Therefore a commercial strategy has been developed focusing on the following items:
- Decrease vulnerability caused by dependency on two major clients
- Increase commercial attractiveness
- Increase private sector participation
- Increase hinterland connectivity
- De-bottleneck present operations
The strategy resulted in a number of activities and projects to be carried out in the coming years. The masterplan prioritized and structured these projects as a phased port development for the next decades. A financial analysis was made to evaluate the feasibility of the proposed activities and projects.