Ports
Ports in India handle around 95 per cent of international trade volume of the country.

Shipping Industry & Ports in India

Latest update: December, 2018

Growth

 

Last Updated: December, 2018

India has 12 major ports and about 200 non-major ports. Under the National Perspective Plan for Sagarmala, six new mega ports will be developed in the country. During FY18, cargo traffic at major ports in the country was reported at 679.36 million tonnes (MT), showing a growth of 4.77 per cent over the same period last year. In FY19 (up to November 2018) traffic has increased 4.83 per cent year-on-year to 461.22 million tonnes. Cargo traffic at non-major ports was estimated at 491.95 million tonnes FY18.

Since ports handle almost 95 per cent of trade volumes in India, the rising trade has contributed significantly to the country’s cargo traffic. Capacity at major Indian ports reached 1,451 million tonnes by March 2018. Capacity at non-major ports is expected to reach 968 MMT in 2019 from 750 MMT in 2016. Given the positive outlook, proposed investments in major ports are expected to total US$ 18.6 billion by 2020, while those in non-major ports would be US$ 28.5 billion.

In November 2016, Ministry of Shipping has sanctioned sum of US$ 1.49 million to Gujarat Maritime Board for capacity building and safety training of workers involved in ship recycling activities under Sagarmala. The Government of India has finalised master plans for 142 capacity expansion projects worth Rs 91,434 crore (US$ 14.19 billion) under the Sagarmala programme. As of March 2018, projects worth Rs 1.85 lakh crore (US$ 28.70 billion) had been awarded under Sagarmala programme.

The Government of India has allowed foreign direct investment (FDI) of up to 100 per cent under the automatic route for projects related to the construction and maintenance of ports and harbours. Ports sector in India has received a cumulative FDI of US$ 1.64 billion between April 2000 and June 2018. A 10-year tax holiday is extended to enterprises engaged in the business of developing, maintaining, and operating ports, inland waterways, and inland ports. The government has also initiated National Maritime Development Programme (NMDP), an initiative to develop the maritime sector with a planned outlay of US$ 11.8 billion.

Indian Ports Industry Report (December, 2018)
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Indian Ports Industry Report (November, 2018)
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