India’s 12 major ports have seen positive growth for a second fiscal year in-a-row, with growth increasing by around 4.65% to 581.34 tonnes in 2014-2015, according to the Economic Times.
PTI previously reported that APM Terminals in Mumbai had set a new record of around 2 million TEU throughput during the 2014-2015 fiscal year.
There have been concerns recently that the privatisation of India’s major ports will lead to a loss of jobs, with port managers rejecting these claims and welcoming the corporatisation process.
As well as port privatisation, the Indian government is working to turn each of India’s major ports into a ‘smart city’ in an effort to increase business growth.
