India’s 12 major ports recorded 5.65 per cent rise in cargo handling to 60.07 million tonnes (MT) in April this fiscal, mainly due to higher demand for coal, petroleum, oil and lubricants, industry body IPA said.
Essar Ports Limited (EPL), a leading private port terminal operator in India, today reported an 11% increase in overall cargo handling at 9.16 million tonnes (MT) across its Hazira, Vishakapatnam, Salaya and Paradip port terminals for the quarter ended December 31st, 2017, up from 8.26 MT a year ago
The country’s top 12 major ports have recorded a growth of 3.46 per cent in cargo traffic during April-November 2017 handling 439.66 million tonnes (MT) cargo, the government said today.
The share of container shipments to the overall cargo handled by Indian ports is projected to rise to 25 per cent at the end of the financial year 2018-19.
After the implementation of the Goods and Services Tax (GST), seamless movement of trade could get another boost from multi-modal transportation.
Port sector players will continue to experience healthy growth in cargo in the near term, rating agency Icra said today.
Union Minister Suresh Prabhu today said the Railways need to diversify its freight basket over a period of time and that private-public partnership (PPP) initiatives are the best to accommodate smaller quantities of cargo.
Despite facing challenging infrastructure deficit in the country aided by resource crunch, debt-laden firms and stressed assets, highways construction and cargo exports registered impressive growth in the first half of FY2017, the Economic Survey said today