Indian ports boost efficiency and earnings in 2023-24

10 May 2024 CW Team

Indian ports have reportedly shown improvement in key parameters and are currently operating at levels comparable to the best globally.

According to data compiled by the Ministry for Ports, Shipping, and Waterways, it was stated that the average container turnaround time (TRT) for eight Major Ports had improved to 22.57 hours during the fiscal year 2023-24, compared to 23.44 hours in the fiscal year 2022-23. It was noted that these eight ports collectively handle 65% of all cargo moving through the central government-administered ports of the country.

It was further mentioned by officials that, according to the government, the average container turnaround time had reduced to less than a day in the fiscal year 2023-24, surpassing that of the USA (1.5 days), Australia (1.7 days), and Singapore (1.0 days). The officials attributed this improvement to investments in cargo handling equipment on berths and enhanced supply chain visibility facilitated by digitalization.

The New Mangalore Port Authority (NMPA) was highlighted as the port showing the most significant improvement, with its container TRT reported at 18.65 hours for the year under review, down from 26.50 hours in the fiscal year 2022-23. Additionally, the V. O. Chidambaranar Port Authority (VOCPA) was recognised as India's most efficient port in terms of container turnaround time, recording a time of 18.48 hours for the year.

Apart from achieving faster operations, these ports also successfully managed to handle 532.6 million tonnes (MT) of cargo during the fiscal year 2023-24, marking a 6% increase compared to the previous fiscal year. The Paradip Port Authority (PPA) emerged as the port handling the highest volume of cargo among all Major ports during the fiscal year 2023-24, handling 145.38 MT. Additionally, it was noted that this port in Odisha had witnessed the highest increase in cargo volume, rising by 10.02 MT compared to the levels of the fiscal year 2022-23.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..