Indian Giant Set to Smash Records
New figures collated by the JOC show that India’s Jawaharlal Nehru Port looks set to break its 2014/15 fiscal year record of 4.4 million TEU.
It is especially notable that Jawaharlal Nehru Port is set for such a strong fiscal year as global trade is significantly down on recent years.
Despite a tough global market, the future looks auspicious for India, with a recent reshuffle in the Indian budget seeing the country’s government allocate US$117 million to the port sector.
Indian Finance Minister Arun Jaitley said in his fiscal budget speech: "In 2015, India's major ports have handled the highest ever quality of cargo. We have also added the highest ever capacity in major ports. We have started a series of measures for modernising the ports and increasing their efficiency.”
The Port of Antwerp recently made a trip to Jawaharlal Nehru Port in an annual visit designed to strengthen ties, share expertise and collaborate on industry initiatives.