Advantage India
Robust
Demand
* Ports sector in India is being driven by high growth in external trade.
* In FY22, all key ports in India handled 650.52 million tonnes (MT) of cargo traffic.
Attractive
Opportunities
* The key ports are expected to deliver seven projects worth more than Rs. 2,000 crore (US$ 274.31 million) on a public-private partnership basis in FY22.
* The Finance Minister proposed to double the ship recycling capacity of ~4.5 million light displacement tonnes (LDT) by 2024; this is expected to generate an additional ~1.5 lakh employment opportunities in India.
Policy
Support
* In Union Budget 2022-23, the total allocation for the Ministry of Shipping was Rs. 1,709.50 crore (US$ 223.31 million).
* In July 2021, the Marine Aids to Navigation Bill 2021 was passed by the Parliament, incorporating global best practices, technological developments and India's international obligations in this field.
Competitive
Advantage
* India has a coastline which is more than 7,516.6 kms long, interspersed with more than 200 ports.
* Most cargo ships that sail between East Asia and America, Europe and Africa pass through Indian territorial waters.
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone Limited (APSEZ) is part of Adani Group, one of the largest conglomerates in India. The company started its operations in 1998 and has become the largest private sector port developer and operator in India. It operates Gujarat’s Mundra Port, the largest commercial port in India and overall had more than 15% share in India’s cargo in FY20. Other than ports, the company also has interests in integrated logistics and SEZs. Currently, the company operates 10 domestic ports in six Indian states. APSEZ generated revenue worth Rs. 4,938.43 crore (US$ 669.69 million) in FY22.
Read More
APM Terminals – Gujarat Pipavav Port Ltd
The port Pipavav, which is operated by APM Terminals, is in the state of Gujarat with access to important shipping lines and markets in northwest India. The port is a public-private partnership with a 43.01% stake of APM Terminals. Currently, the port has the container capacity of 1.35 million twenty-foot equivalent units (TEUs), 5 million tonnes of dry cargo capacity and 2 million tonnes of liquid cargo capacity. The company’s standalone total income stood at Rs. 159.62 crore (US$ 21.64 million) in FY22 Q1.
Read MoreKamarajar Port Limited
Kamarajar Port Limited (Erstwhile & Ennore Port Limited) is one of the 12 major ports of India and is situated in the state of Tamil Nadu. Different from the other ports which are run as trusts, it is incorporated as a company. The company currently has a total cargo handling capacity of 38 MMTPA.
Read More
Related News
MOREMajor Ports in India
- Kolkata
- Paradip
- Visakhapatnam
- Kamarajar (Ennore)
- Chennai
- V.O Chidambaranar
- Cochin
- New Mangalore
- Mormugao
- Deendayal
- Mumbai
- J.N.P.T
IBEF Campaigns
MORE
India Organic Biofach 2022
Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nurember...
Case Studies
MORESustainable Circular Economy in India
A circular economy involves a comprehensive strategy for economic growth that is intended to benefit industry, society, and the environment. It seeks ...
Future of Data Science and AI in India
Artificial Intelligence (AI) is the potential of machines to impersonate the capabilities of the human mind. These machines are enabling high-level co...
Service Sector Contribution to India's GDP
India's booming service industry is a remarkable illustration of how modern economic growth models can outperform traditionally established ones. ...
IBEF BLOG
MORE
The Sky’s the Limit: India's Growing Aviation Industry
The Sky’s the Limit: India's Growing Aviation Industry India is ...
Unlocking new opportunities in the E-Mobility Market of India
Unlocking new opportunities in the E-Mobility Market of India The automobi...
Warehousing and Logistics Sector in India
The warehousing, industrial, and logistics (WIL) sectors are projected to b...
Partners
