+
Indian Major Ports See 4.45% Cargo Volume Growth
PORTS & SHIPPING

Indian Major Ports See 4.45% Cargo Volume Growth

Cargo volumes at major ports in India witnessed a notable growth of 4.45% during the fiscal year 2023-24, reaching a total of 819.227 million tonnes. This increase reflects the resilience and recovery of the maritime sector despite challenges posed by the global pandemic and economic uncertainties.

The growth in cargo handling at major ports underscores the importance of maritime infrastructure in facilitating trade and commerce in the country. The ports serve as crucial gateways for imports and exports, supporting various industries and contributing to the nation's economic growth.

Key factors contributing to the growth in cargo volumes include increased trade activity, improved port infrastructure, and strategic initiatives undertaken by port authorities to enhance efficiency and operational capabilities. Additionally, the government's focus on promoting coastal shipping and inland waterways has further bolstered the maritime sector's performance.

The positive momentum in cargo handling at major ports bodes well for India's maritime industry and its role in facilitating international trade and commerce. As the country aims to boost its exports and strengthen its position in the global market, continued investments in port infrastructure and logistics will be crucial to sustain and accelerate growth in the maritime sector.

The resilience demonstrated by major ports in India amidst challenging economic conditions underscores their importance as key drivers of the nation's trade and economic development. Moving forward, efforts to enhance port efficiency, streamline regulatory processes, and promote multimodal connectivity will be essential to capitalise on the growth opportunities offered by the maritime sector and drive India's economic transformation.

Cargo volumes at major ports in India witnessed a notable growth of 4.45% during the fiscal year 2023-24, reaching a total of 819.227 million tonnes. This increase reflects the resilience and recovery of the maritime sector despite challenges posed by the global pandemic and economic uncertainties. The growth in cargo handling at major ports underscores the importance of maritime infrastructure in facilitating trade and commerce in the country. The ports serve as crucial gateways for imports and exports, supporting various industries and contributing to the nation's economic growth. Key factors contributing to the growth in cargo volumes include increased trade activity, improved port infrastructure, and strategic initiatives undertaken by port authorities to enhance efficiency and operational capabilities. Additionally, the government's focus on promoting coastal shipping and inland waterways has further bolstered the maritime sector's performance. The positive momentum in cargo handling at major ports bodes well for India's maritime industry and its role in facilitating international trade and commerce. As the country aims to boost its exports and strengthen its position in the global market, continued investments in port infrastructure and logistics will be crucial to sustain and accelerate growth in the maritime sector. The resilience demonstrated by major ports in India amidst challenging economic conditions underscores their importance as key drivers of the nation's trade and economic development. Moving forward, efforts to enhance port efficiency, streamline regulatory processes, and promote multimodal connectivity will be essential to capitalise on the growth opportunities offered by the maritime sector and drive India's economic transformation.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?