India to Put Extra Focus on Major Ports Development

Port of Mumbai

The government of India will further focus on modernization of the country’s Major Ports after recent initiatives resulted in increased cargo volumes and revenue, Union Minister of Shipping, Road Transport & Highways Shri Nitin Gadkari announced at a press conference in New Delhi on September 23.

The profit margins of Major Ports declined from 43% to 28% during 2008 to 2014 and the market share of Major Ports during the period declined from 72% to 57%.

Shri Gadkari said that the decline observed in the performance of Major Ports from 2008 to 2014 has reversed and they have shown improvement in their performance in 2015.

Underlining that the development of ports is important for increasing the GDP of the country, Shri Gadkari said that the new initiatives implemented across the Major ports resulted in the volume of cargo handled increasing by 4.6% and revenue increasing by 8.7% in 2015.

The initiatives undertaken to improve efficiency of Major Ports include delegation of more powers to Major Ports, capital dredging to 18 meters through PPP mode (Public-Private Partnership) in Mormugao Port, new scheme to assist ports to mitigate oil pollution, new scheme to set up coastal berths, passenger jetties etc, establishment of new company Indian Port Rail Corporation to focus on last mile connectivity, new company India Ports Global to take up projects abroad, Sagarmala project to promote port led development, equipments and technology upgradation, mechanization and initiatives for large vessel handling.

Shri Gadkari also said that the port sector in India needs to adopt best international practices such as treatment of waste water at ports, use of bio-diesel to reduce air pollution and opening of modern hospitals and medical facilities at ports.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Maritime Information Warfare 2017

Maritime Information Warfare will focus on the growing need for navies to develop their information exploitation capabilities…

read more >

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

The CWC 18th Annual World LNG Summit & Awards Evening

The CWC World LNG Summit will continue to give you access to premium networking opportunities as it brings together the who’s who…

read more >

Marintec China 2017

The largest maritime event in Asia Pacific, Marintec China connects maritime professionals from the entire shipbuilding supply chain together.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. 2015 event is another record-breaking edition with the largest exhibition area and the highest number of industry professionals attending ever. The encouraging figures proven that China remains one of the major shipbuilding nations and Marintec China has been the most authoritative platform in Asia.

With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

More info

read more >