Indian Ministry of Shipping Unveils Plan for Ports Major Upgrades

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Indian Ministry of Shipping Unveils Plan for Ports Major Upgrades


The Indian Ministry of Shipping unveiled plans to triple its exports of merchandise by March 2017.

According to a local media report, part of the plan is to create seven new ports, as export growth has been limited by inadequate investment in infrastructure.

The report added that freight handling is extremely slow in Indian ports compared with other major ports in the rest of Asia.

Severe congestion and delays are often reported at Chennai, while in recent months the Jawaharlal Nehru container port has also faced congestion.

Ports are currently being up-graded to increase the volume of freight being handled, but the government remains dependent on private sector investment from major terminal operators.

It is reported that the new ports planned by the Indian Ministry of Shipping will be situated in seven different maritime states.

The establishment of deeper berths for larger container ships is an integral part of the plan.

The world’s major carriers are investing heavily in ever-larger container vessels to use on the Asia-Europe trade lane, and India’s ports currently unable to handle these vessels.

(portworld)

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