Indian Top 12 Ports in Multi-Billion Booster


India’s 12 largest nationalised ports are to receive US$2.1 billion worth of investment in the fiscal year 2015-2016, which will effectively add new capacity of 162 million tonnes per annum, according to IHS Fairplay.

The Indian Ministry of Shipping said: “The focus is on improving the existing port infrastructure, modernisation of the existing facilities, and increasing port capacity,” adding that the goal is to bring the 12 largest ports up to an international standard.

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It was previously reported that India’s ports may struggle to compete with other minor ports if they do not move to privatisation.

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The top 12 ports are also underutilising land, with a recent report unveiling that around 50% of land is not being used.

However, despite this issue, India’s revenue at its 12 major ports has soared by around 8.7% during the 2014-2015 financial year.

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