The traffic handled at Indian ports increased at a compound annual growth rate of 5.1 per cent from 2014-15 to 2018-19. The growth was driven mainly by non-major ports - 5.5 per cent from 2014-15 to 2018-19 compared to 4.7 per cent at major ports during the period under consideration. By 2024-25, traffic at Indian ports is expected to be in the range of 1,700 million tonnes (mt) to 2,271 mt. Further, there is a strong pipeline of 406 projects worth around Rs 4.85 trillion at Indian ports offering significant opportunities to various stakeholders. However, the outbreak of COVID-19 pandemic has put a halt on the ongoing and planned projects across the country. Bids are being postponed, announced/approved projects are on hold and factors such as shortages of raw materials and labour are delaying the ongoing projects. India Infrastructure Research has released the 12th edition of its Ports in India report with an aim to conduct a realistic assessment and analyse the impact of COVID-19 on ongoing, under bidding and announced projects, financial/operational performance, upcoming opportunities, investments, supply chain, input costs, etc. The report will also cover the recent developments, new government initiatives and relief measures to fastrack project implementation as well as provide an outlook for the sector for the next 4-5 years.
Ports in India – June 2020
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