India Port Infrastructure Market to Grow at CAGR 9% till 2025
Rising investments by
private players and relaxation of government policies pertaining to port
development to drive India port infrastructure market through 2025
According to
TechSci Research report “India
Port Infrastructure Market By Type, By
Cargo, Forecast and Opportunities, 2011 - 2025”, India port
infrastructure market is projected to grow at a CAGR of over 9% during
2016-2025, on account of heavy funding pertaining to development of ports and
related infrastructure such as connecting roads, railways and Coastal Economic Zones.
Additionally, National Perspective Plan of the government envisaged an
investment of USD10.51 billion for development of ports. Additionally, government’s
focus on ease of doing business such as allowing 100% FDI under automatic route
for projects related to construction and maintenance of ports and harbors
provides a promising outlook for future development and growth of port infrastructure
market in India.
Browse 46 market data Tables and 47 Figures
spread through 194 Pages and an in-depth TOC on "India Port Infrastructure Market"
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
Major
ports, owned by central government, dominated India ports infrastructure market
in 2015. However, the trend is anticipated to change and minor ports are projected to
dominate India port infrastructure market through 2025, as these ports are
strategically located to optimize cargo through put and are well connected by
roads and railways. This makes minor ports economically viable for cargo
handling and trade. Additionally, involvement of international private players
at these ports also provides minor ports with a competitive edge pertaining to
implementation of best practices and latest technologies. In
FY2015, import traffic at Indian ports accounted for a volume share of over 66%
of total international trade. Growing government focus on improving trade
through waterways is projected to augur well for India port infrastructure market in
the coming years.
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‘‘Indian
ports are witnessing a paradigm shift from being underutilized and congested to
modernized and smart due to implementation various government initiatives. The
current situation of ports in India offers a substantial opportunity for
development of ports and connecting infrastructure. Ministry of Shipping announced
plans to develop Costal Economic Zones around major ports to provide impetus to
‘Make in India’ initiative and promote port-led industrialization. In 2015, the
ministry identified 14 coastal economic zones under National Perspective Plan
of Sagarmala with massive coastline of 7,517 kilometers and Inland waterways of
14,500 kilometer, ports present tremendous potential for transport of
commodities.”said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India
Port Infrastructure Market By Type, By Cargo, Forecast and Opportunities, 2011
- 2025” evaluated future growth potential of the India port
infrastructure market and provided statistics and information on market
structure, industry behavior and trends. The report includes market projections
and demand forecasting. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes emerging trends along with
essential drivers, challenges and opportunities available in India port
infrastructure market.
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