The cargo traffic in India’s 12 major ports
recorded an increase of over 4 per cent to 222 million tonnes (MT) in
April-July 2017, according to reports from Indian Ports Association (IPA).
The association believes that it is mainly
due to vibrand demand from sectors such as iron ore, petroleum, oils and
lubricants that resulted in higher demand for cargo at various ports in the
country.
The ports infrastructure market in India is
forecasted to grow at a CAGR of over 9 per cent during the period 2016-25, as
per market research report “India Port Infrastructure Market By Type,
By Cargo, Forecast & Opportunities, 2011 - 2025”,
released by TechSci Research.
The report discusses the following aspects
about the industry in a detailed manner:
·
Indian Port Infrastructure Market Size, Share
& Forecast
·
Segmental Analysis - By Type (Major Ports
& Minor Ports), By Cargo (Export & Import)
·
Changing Market Trends & Emerging
Opportunities
·
Competitive Landscape & Strategic
Recommendations
If you wish to know more about the India
ports infrastructure market, please request for a sample report on this page: https://www.techsciresearch.com/report/india-port-infrastructure-market-by-type-major-and-minor-ports-by-end-user-cargo-passenger-by-region-forecast-opportunities-2025/786.html
Key
engines for growth for India ports infrastructure market
There is a flurry of factors that is driving growth in
the ports infrastructure market in India. But if we were to mention the single
largest factor behind the growth, we would certainly talk about the positive
approach of the government. In the past few years, the government of India has
re-enforced its commitment to improve the fundamental infrastructure in the
country. Be it ports, airports, railways, roads, highways, power plants or any
other infrastructure sub-sector, a number of key initiatives have been taken
and there is no slack as far as the momentum of growth is concerned.
In terms of ports infrastructure in India, the government
has launched its ambitious project called Sagarmala. Under this project, the
government of India has planned to connect all the major port cities. This mega
project is a big boost for the maritime trade in India.
Moreover, this project encompasses modernization and
expansion of ports by private international companies, propelling growth in
marine transport sector in India, during the forecast period.
Additionally, several Coastal Economic Zones (CEZs)
projects are underway to concentrate manufacturing clusters near major ports
and this is expected to surge demand for maritime trade in the country during
2016-2025. Port led industrialization is anticipated to provide immense scope
for reduction in logistics costs. Rising number of Public Private
Partnerships and 100% FDI under automatic route for development of ports is
anticipated to encourage international companies
to start operations in India in the ensuing years.
If you are a part of a
company interested in understanding the India port infrastructure market, you
should consider going through the in-depth market research report released by
TechSci Research. The report discusses the top trends and forecasts, and at the
same time provide strategic recommendations to the players who wish to leverage
on this high potential industry in India.
The research report is an
output derived from a combination of primary and secondary research, and
profiles the following companies Port of Chennai, Kolkata Dock System, Haldia Dock
Complex, Jawaharlal Nehru Port, Kamarajar Port, Mumbai Port, Mormugao Port, Kandla
Port, Paradip Port, Visakhapatnam Port, V.O. Chidambaranar Port (Tuticorin
Port), Cochin Port and New Mangalore Port.
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