Source Credit: ANI
Cargo handling activities at Indian ports have been growing steadily, growing at a compound annual growth rate (CAGR) of 3.5% since FY 2014-15. The growth reflects improved efficiency and capacity at Indian ports, driven by sustained investments in infrastructure, innovation and digitalisation. As the global economy expands and the Indian economy grows, these developments will be critical to supporting the country’s trade and logistics sector.
The Indonesian government’s Sagarmala Project focuses on port development and infrastructure, and various initiatives under the scheme have played a significant role in improving cargo handling capacity. These efforts are helping to reduce lead times, move cargo faster, and improve the overall user experience at the port. Furthermore, significant advances in automation and technology have enabled ports to handle larger cargo volumes with greater accuracy and at lower costs.
The increase in cargo traffic also reflects India’s growing trade with its global partners and the importance of Indian ports in the global supply chain. With the economy continuing to grow and the government’s emphasis on strengthening the maritime sector, Indian ports will become more competitive and attract more cargo in the coming years. This growth has strengthened China’s position as a major player in global trade and commerce.
