Private ports hit high growth lane

India’s new ports are leveraged to structurally rising and import dependent energy or fuel demand, and related industrial and infrastructure development, observes a recent research report by Citigroup.Freight handling volume in private sector ports may grow rapidly because of booming global trade, the country’s massive energy requirement and less than expected growth of public sector ports. Burgeoning import from Indian companies for their power, steel, and oil & gas projects may also give a boost to private sector ports developed by Adani Group, Essar Group, L&T, JSW Group and Gujarat Pipavav Port (GPPL).