Cargo Volume at Major Ports Rises
PORTS & SHIPPING

Cargo Volume at Major Ports Rises

India’s 12 major ports witnessed a 5% growth in cargo volume, reaching 413.74 million metric tonnes (MMT) in September 2024, as reported by the government. This growth signals robust performance in the maritime sector, emphasizing the significance of ports in supporting India’s trade and economic activities. These ports, crucial for handling imports and exports, play a pivotal role in maintaining the country’s supply chains and logistics networks.

The rise in cargo volume reflects improved port efficiency and an increase in global trade, driven by strong demand for goods across various sectors. Among the major commodities handled were petroleum products, coal, iron ore, and containers, all of which contributed significantly to the overall cargo movement. This growth is expected to further bolster the government’s vision of transforming India into a logistics hub, with ongoing infrastructure upgrades enhancing the capacity and efficiency of these ports.

The 12 major ports—Mumbai, Kandla, Chennai, Kolkata, and others—form the backbone of India’s maritime infrastructure. Their collective performance is a key indicator of the health of the shipping and logistics industries in the country. The government's continued investment in port modernization and digitalization initiatives has also played a role in enhancing port productivity.

The sustained cargo growth highlights the increasing importance of ports in facilitating international trade, driving economic growth, and connecting India to global markets. As cargo volumes continue to rise, the maritime sector is poised to expand further, with additional improvements in port infrastructure expected to enhance the handling capacity and efficiency of India's major ports, boosting their role in the global supply chain.

India’s 12 major ports witnessed a 5% growth in cargo volume, reaching 413.74 million metric tonnes (MMT) in September 2024, as reported by the government. This growth signals robust performance in the maritime sector, emphasizing the significance of ports in supporting India’s trade and economic activities. These ports, crucial for handling imports and exports, play a pivotal role in maintaining the country’s supply chains and logistics networks. The rise in cargo volume reflects improved port efficiency and an increase in global trade, driven by strong demand for goods across various sectors. Among the major commodities handled were petroleum products, coal, iron ore, and containers, all of which contributed significantly to the overall cargo movement. This growth is expected to further bolster the government’s vision of transforming India into a logistics hub, with ongoing infrastructure upgrades enhancing the capacity and efficiency of these ports. The 12 major ports—Mumbai, Kandla, Chennai, Kolkata, and others—form the backbone of India’s maritime infrastructure. Their collective performance is a key indicator of the health of the shipping and logistics industries in the country. The government's continued investment in port modernization and digitalization initiatives has also played a role in enhancing port productivity. The sustained cargo growth highlights the increasing importance of ports in facilitating international trade, driving economic growth, and connecting India to global markets. As cargo volumes continue to rise, the maritime sector is poised to expand further, with additional improvements in port infrastructure expected to enhance the handling capacity and efficiency of India's major ports, boosting their role in the global supply chain.

Next Story
Real Estate

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Next Story
Infrastructure Energy

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Next Story
Infrastructure Energy

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?