Role of Private Ports in Nation Building
The past few years have seen a weak world economy and not much growth in terms of international trade. This has meant a difficult time for the Indian port sector, especially major ports. During FY2009-10 to FY2013-14, while traffic at non-major ports grew at a CAGR of 10%, major ports witnessed a decline in traffic. This fall can be avoided with the Indian government coming to the rescue of the ports sector. Mr. Rajbir Singh Bhadana, Commodore (Retd), Group Chief Operating Officer, RAS INFRAPORT PVT. LTD. Capacity at major ports has not seen much growth either. In some instances, traffic has been severely impacted by the decision to ban iron ore exports. While some big capacity augmentation projects have been ...
Indias shipping industry set for transformation led by key initiatives
Sachin Manawaria | The Dollar Business As per the national policy, Indian Ports are aiming at a surplus capacity of above 25% over the projected demand by 2020 to achieve zero-waiting time for the vessels. Helped by increased investment in the sector and economic growth of India, the capacity at the 13 major ports is expected to increase to around 1,459.5 million tonnes by 2020, which is about two times the current capacity. Meanwhile, the capacity at non-major ports is expected to grow faster to around 1,660 million tonnes, up about seven times from the current levels of around 350 million tonnes. The Ministry of Shipping is targeting investment of Rs. 2.77 lakh crore between 2010 and 2020 ...
