Ports and Shipping
Growth Drivers
- Increasing trade activities and private participation in port infrastructure development.
- Rising cargo traffic and an increase in the number of non-major ports.
- Existing ports are investing on improving their draft depth.
- Focus on the development of terminals that deal with a particular type of cargo, for eg. LNG.
Reasons to Invest
- Projected cargo traffic to be handled by Indian ports by 2021-22 is 1695 Million Metric Tonnes as per the report of the National Transport Development Policy Committe - an increase of 643 Million Tonnes from 2014-15.
- 2422 Million metric tonnes of cargo handling capacity required in Indian ports by 2021-22.
- For this, additional cargo handling capacity of 901 million metric tonnes is required to be created in Indian Ports in the next 6 to 7 years.
- Port Projects involving investment of over USD 10 Billion identified for award during the next five years.
- Special Economic Zones (SEZs) are being developed in close proximity to several ports â comprising coal-based power plants, steel plants and oil refineries.
IN THE NEWS
- Port sector players to see healthy growth in cargo: Icra
- Sagarmala project to boost GDP by 2 pc: Ocean Group
- JNPT records improvement in performance during first quarter of 2017-18 container traffic up by 5.11 per cent
- The Ministry Of Shipping Draws Up Cruise Tourism Reforms
- Cruise Tourism to be a growth driver for India´s economy, says Shri Nitin Gadkari
Port January 2016
Ports
Foreign investors
