Mumbai port is looking to set up a new bunker terminal and has hired local marine consultants i-maritime to study the matter, Chairman Rajeev Gupta has toldIndian news service Business Line.
"Traditionally, India has never been an attractive place for establishing a bunker terminal," said Gupta.
"However, the recent reductions in excise and custom duties on fuel give us the feeling that the time is right for a facility in Mumbai."
"We are currently evaluating two or three locations for the terminal; the study will tell us which is the best location and what would be the ideal business model for the terminal."
In addition to the terminal, the port was said to be studying if the anchorage can be widened and deepened "to improve productivity," and there has also been a proposal to start a floating bunker facility.