Traffic at major ports to grow to 1214.82 million tonnes by 2020
April 29th, 2011 - 8:32 pm ICT by ANINew Delhi, Apr 29(ANI): The traffic at major ports in India is likely to grow to 1214.82 million tonnes by 2019-20, Union Shipping Ministry said on Friday.
The traffic at non-major ports is expected to grow at a CAGR of 15.96 percent from the present level of 288.80 million tonnes to 1269.59 million tonnes by 2019-20.
“Thus, the anticipated traffic at Indian ports would grow to 2484.41 million tonnes by 2019-20 from the present level of 849.89 million tonnes at CAGR of 11.32 percent,” a Shipping Ministry statement said.
“Having set the tone for the growth path, the Indian major ports and non- major ports have formulated ambitious plans for development of new outlets, augmentation of existing service centres, induction of state-of-the-art cargo handling equipment and improvement in logistics in order to meet the challenges emanating from the anticipated growth in the trade.”
As per these plans, the capacity at 13 major ports is likely to increase to 1459.53 million tonnes by 2020 from the present level of 616.73 million tonnes.
The capacity at non-major ports is poised to increase by 2020 to 1660.02 million tonnes from the present level of 346.31 million tonnes.
“The Indian Ports are aiming at a surplus capacity of above 25 percent over the projected demand. This will enable the ports to provide berthing facilities on arrival of the ships, thus achieving zero waiting time for the vessels,” the statement said.
“The proposed investment during the next ten years is expected to be Rs. 2.77 lakh crore - 1.09 lakh crore for major ports and Rs.1.68 lakh crore for non-major ports,” it added. (ANI)
- Indian ports to handle 3,130 million tonnes by 2020 - Dec 17, 2011
- New coastal shipping policy, Ports Act amendment in final stages - Jul 08, 2011
- Cargo handling at Paradip port up by 27 percent - Feb 19, 2010
- Ennore Port's three new terminals go on stream - Jan 28, 2011
- Goa port to tackle dubious iron ore shipments - Oct 17, 2011
- Panaji Port was illegal mineral export gateway: Official - Sep 18, 2011
- New Orissa port receives first ultra-large vessel - Jul 25, 2011
- Illegal mining forces drop in ore export figures - Apr 05, 2012
- Mumbai harbour channel to be deepened, expanded for more traffic - Mar 01, 2012
- 'Goa waterways cannot handle more iron ore traffic' - Apr 03, 2010
- Iron ore barge owners want cap on vessels - Nov 11, 2011
- Gopalpur port expansion project gets green nod - Mar 31, 2011
- Shanghai port is world's busiest - Dec 24, 2011
- Essar Group doubles steel capacity at Hazira, Gujarat - Feb 24, 2012
- Committee to decide whether Chennai port will handle coal - Apr 12, 2012
Tags: 31 million, ambitious plans, cagr, cargo handling equipment, challenges, crore, existing service, growth path, India, indian ports, induction, logistics, ministry statement, New Delhi, shipping, ships, state of the art, surplus capacity, tonnes, waiting time