Summary:

India’s ports sector is set for major expansion from FY23 to FY28, adding 500-550 MTPA annually. Growth is driven by increased handling of POL, coal, and containerized cargo. With a 7,500 km coastline and 20,275 km of waterways, India plays a key role in global trade, operating 13 major and 205 non-major ports.

India’s ports sector is set to grow 3-6% annually, with container traffic rising 4-7%, driven by higher imports, lower freight costs, and a stable supply chain. Transshipment, crucial at key ports like Chennai, boosts efficiency. Non-major ports, growing faster than major ones, offer flexibility. Infrastructure upgrades and rising cargo volumes will drive economic growth.

Source: IBEF

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