The Inland Waterways Authority of India (IWAI) will involve banks for ensuring availability of financing options for the private players engaged in Inland Water Transport (IWT) sector. Financing and funding for Operation and Maintenance of IWT assets is a challenge for shippers, vessel operators and asset management firms as the banking sector is not yet ready with any customized financing option for the sector.
Addressing the recently held day-long stakeholders conference on Emerging Business opportunities in Inland Water Transport Sector organized by IWAI at New Delhi,the IWAI chairperson Smt. Nutan Guha Biswas said that the banking finance is needed for the emerging business opportunities that private players are inclined to be involved with.Smt. Biswas said that lots of investment are being done to develop the waterway sector which is going to complement railways and roadways and we have started working on eight new National Waterways, in addition to five others on which work had been on in full swing.