India's Major Ports Capacity Up 87% Since 2014
PORTS & SHIPPING

India's Major Ports Capacity Up 87% Since 2014

Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, announced that the capacity of India's 12 major ports has surged by 87% since 2014-15, as reported by Economic Times. This significant increase highlights the rapid growth and modernization of the country's port infrastructure over the past decade.

The expansion in port capacity reflects the government?s ongoing efforts to enhance maritime logistics and support economic development. Investments in infrastructure, technology upgrades, and improved operational efficiencies have played a crucial role in achieving this milestone.

The capacity surge is attributed to various initiatives, including the development of new port facilities, expansion of existing terminals, and adoption of advanced cargo handling technologies. The enhancement of port infrastructure has been integral to accommodating growing trade volumes and meeting the increasing demands of both domestic and international shipping.

Key projects contributing to the capacity increase include the construction of new berths, dredging operations to deepen port channels, and the introduction of modern cargo handling equipment. These improvements have not only increased the ports' throughput but also reduced turnaround times for vessels, thereby enhancing overall efficiency.

The growth in port capacity is expected to bolster India?s position as a major global maritime player, facilitating smoother trade flows and supporting economic growth. It also aligns with the government's broader vision of developing world-class port infrastructure to boost trade and investment.

Sonowal?s announcement underscores the success of the government's port development strategies and its commitment to furthering advancements in the maritime sector. The enhanced port capacities will play a critical role in supporting India's trade ambitions and driving economic progress.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, announced that the capacity of India's 12 major ports has surged by 87% since 2014-15, as reported by Economic Times. This significant increase highlights the rapid growth and modernization of the country's port infrastructure over the past decade. The expansion in port capacity reflects the government?s ongoing efforts to enhance maritime logistics and support economic development. Investments in infrastructure, technology upgrades, and improved operational efficiencies have played a crucial role in achieving this milestone. The capacity surge is attributed to various initiatives, including the development of new port facilities, expansion of existing terminals, and adoption of advanced cargo handling technologies. The enhancement of port infrastructure has been integral to accommodating growing trade volumes and meeting the increasing demands of both domestic and international shipping. Key projects contributing to the capacity increase include the construction of new berths, dredging operations to deepen port channels, and the introduction of modern cargo handling equipment. These improvements have not only increased the ports' throughput but also reduced turnaround times for vessels, thereby enhancing overall efficiency. The growth in port capacity is expected to bolster India?s position as a major global maritime player, facilitating smoother trade flows and supporting economic growth. It also aligns with the government's broader vision of developing world-class port infrastructure to boost trade and investment. Sonowal?s announcement underscores the success of the government's port development strategies and its commitment to furthering advancements in the maritime sector. The enhanced port capacities will play a critical role in supporting India's trade ambitions and driving economic progress.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement