According to the Ministry of Shipping, around 95% of India's trading by volume and 70% by value is done through maritime transport. The government has also introduced various fiscal and non-fiscal incentives for enterprises that develop, maintain and operate ports, inland waterways and ship building in India.
India has 12 major and 205 notified minor and intermediate ports. Under the National Perspective Plan for Sagarmala, six new mega ports will be developed in the country. The Indian ports and shipping industry plays a vital role in sustaining growth in the country’s trade and commerce. India is the 16th largest maritime country in the world, with a coastline of about 7,517 km. The Indian government has also facilitated a 10-year tax holiday to enterprises that develop, maintain and operate ports, inland waterways and inland ports.
100% FDI In Ports And Shipping is allowed under both government and automatic route.
Annual cargo traffic doubled to 1 billion tonnes per annum over the decade starting 2005
Seaborne trade in India has grown at twice the global growth rate of 3.3%
16th largest maritime country in the world
India has 12 major and 200 non-major/intermediate ports (under state government administration)
Jawaharlal Nehru Port Trust is the largest major port in India, while Mudra is the largest private port
During FY18, cargo traffic at major ports in the country was reported at 679.36 million tonnes (MT). In FY19 (up to February 2019) traffic increased by 2.79% year-on-year to reach 633.87 million tonnes
The major ports had a capacity of 1,452 million tonnes by FY18 end
The Maritime Agenda 2010-20 has a 2020 target of 3,130 MT of port capacity
Increased efficiency has led three times increase in net profits of major ports between FY14-18
Turnaround time at major ports reduced to 64 hours in FY18 from 94 hours in FY14
Project UNNATI has been started by Government of India to identify the opportunity areas for improvement in the operations of major ports. Under the project, 116 initiatives were identified out of which 91 initiatives have been implemented as of November 2018
November 2019: JSW Infrastructure commissioned a new iron ore terminal at the Paradip port in Odisha with a capacity to handle up to 18 million tonnes of cargo per annum.
May 2019: Logistics service provider Schenker India, subsidiary of German DB Schenker is going to double its warehousing capacity from present 3.5 mn sq ft across 53 warehouses and deploy technical solutions for improving efficiency and enhance processing speed.
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