Sector structure/market size
The Indian coastline is dotted with 12 major ports and 187 minor ports. According to the Indian Ports Association, these major ports together handled a total of 560.96 million tonnes (MT) of cargo in 2009-10, an increase of 5.74 per cent over 530.53 MT handled in 2008-09.
The annual aggregate cargo-handling capacity of major ports increased from 532.07 MT per annum in 2007-08 to 574.77 MT per annum in 2008-09.
There are 27 shipyards in the country, six under central public sector, two under state governments and 19 under private sector undertakings.
According to the Planning Commission, US$ 19.6 billion will be invested in the ports sector during the Eleventh Plan (2007-2012)
In a major thrust to expand capacity at important ports in the country, the Ministry of Shipping has awarded seven projects worth over US$ 387 million, to be developed through the public-private partnership (PPP) route.
In November 2009, another three projects worth US$ 1.7 billion were approved, to be developed through PPP mode.
Moreover, in January 2010, the Public Private Partnership Appraisal Committee (PPPAC) gave its nod for the proposed US$ 811.7 million mega container terminal at Chennai port.
Furthermore, the government has announced that it will award 21 port expansion projects worth US$ 3.13 billion under the PPP mode in 2010-11. According to Shipping Secretary, K Mohandas, the 21 projects will add about 200 MT cargo handling capacity to the 12 major ports in the country.
Major investments in the sector