India Ports Infrastructure Market is expected to grow at a CAGR of 7.36% Through 2029

Increasing government spending on port infrastructure and the latest initiatives by the union government such as “Sagarmala” to drive the Ports Infrastructure Market across India

According to TechSci Research report, “India Ports Infrastructure Market - By Region, Competition Forecast & Opportunities, 2030,” the India Port Infrastructure Market is expected to grow in the upcoming years and maintain a high CAGR owing to various government initiatives for instance, Sagarmala Program, Blue revolution among others. For India to enhance its export volume through maritime commerce, port infrastructure development is essential and of utmost importance. Approximately 95% of India's trade, measured in volume and 70% in value, is carried out by sea transport, according to the Ministry of Shipping. India also has 205 designated small and intermediate ports, in addition to 12 large ports.

The National Perspective Plan for Sagarmala calls for the construction of six additional mega ports across the nation. The Indian port and shipping sector is essential to maintaining the expansion of trade and commerce in the nation. India has a coastline of roughly 7500 kilometers, making it the sixteenth biggest maritime nation in the world. The Indian government is a major supporter of the port industry. For projects involving the building and maintenance of ports and harbors, it has permitted FDI of up to 100% under the automatic route. Additionally, it has made it possible for businesses that build and manage inland waterways and inland ports to enjoy a 10-year tax exemption. These considerations imply that a high CAGR is anticipated for the market value of the nation's port infrastructure industry in the forecast period.

With a coastline that stretches over 7,500 kilometers and a wide network of navigable waterways, India has a sizable marine industry with 12 major and 200 or more non-major ports. About 2400 million tons of cargo is handled annually at Indian ports (MTPA). India's ports handle over 95% of its foreign commerce in terms of volume and 68% in terms of value. India ranks among the top 5 ship recycling nations in the world and has a 30% market share. In terms of shipping tonnage, India is ranked 18th worldwide. India has 200 minor ports in addition to 12 large ports. 22 maritime ports, agencies, and authorities signed 486 memorandums of understanding (MoUs) totaling USD 47.02 billion for the Maritime India Summit 2021.

India has now joined the club of nations with their own regional navigation satellite system (IRNSS). With a total carrying capacity of 13 Mn GT, India's commerce fleet consists of 1491 seagoing ships. This initiative's main goals are to ensure the best possible use of currently available port resources and infrastructure, increase port capacity to draw in more business through seaports, and enhance connectivity across all modes of transportation, including land, rail, inland waterways, sea, and air. A total of 14 coastal economic zones (CEZs) are currently being developed, which is likely to significantly support the expansion of the Indian port infrastructure sector throughout the anticipated time frame. Additionally, the increasing emphasis on technical developments by private ports, such as the International Container Transhipment Terminal, Kochi's drive-through container scanner facility installation in December 2018, will further boost market expansion during the anticipated period.

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Based on Type Segment, the Minor Ports type dominates the market in the forecast period, The dominance of the Minor Ports type in the India ports infrastructure market is driven by several critical factors that contribute to their growing significance. Minor ports, often smaller and more flexible than major ports, play a pivotal role in the country's maritime and logistics landscape. One of the primary drivers is the strategic importance of these ports in enhancing regional connectivity and facilitating coastal trade. Unlike major ports that often face congestion and operational bottlenecks, minor ports provide a more efficient and accessible alternative for handling cargo, especially in regions that are not adequately served by major ports.

Government policies and initiatives have significantly bolstered the development and modernization of minor ports. The Sagarmala Project, which aims to promote port-led development, has focused on enhancing the infrastructure and connectivity of minor ports to reduce logistics costs and improve supply chain efficiency. These initiatives have led to substantial investments in upgrading the facilities and capabilities of minor ports, enabling them to handle larger volumes of cargo and cater to diverse types of shipments, including bulk, breakbulk, and containerized cargo.

The flexibility and adaptability of minor ports are key drivers of their dominance. These ports can quickly adapt to changing market demands and offer specialized services that cater to niche markets. For instance, minor ports often specialize in handling specific types of cargo such as coal, iron ore, petroleum products, and agricultural produce. This specialization allows them to provide tailored services and better meet the needs of their clients, enhancing their competitiveness in the market.

The private sector's active participation in the development of minor ports has been a significant driver. Public-private partnerships (PPPs) have facilitated the infusion of private capital, technology, and management expertise into the minor ports sector. Private operators have introduced modern infrastructure, efficient management practices, and advanced technologies, which have significantly improved the operational efficiency and service quality of minor ports. This collaboration between the public and private sectors has accelerated the pace of development and positioned minor ports as vital nodes in the country's maritime infrastructure.

The strategic location of many minor ports along the extensive Indian coastline also contributes to their dominance. These ports are often situated in regions with high industrial and economic activity, providing crucial support for local industries and contributing to regional economic development. The presence of industrial clusters, special economic zones (SEZs), and logistics parks in the vicinity of minor ports enhances their role as key facilitators of trade and commerce. By providing efficient and cost-effective transportation solutions, minor ports help reduce the overall logistics costs for businesses and boost their competitiveness in the global market.

Environmental and sustainability considerations are also driving the growth of minor ports. These ports often have a smaller environmental footprint compared to major ports, making them more attractive in the context of increasing environmental regulations and sustainability goals. Initiatives to develop green ports and adopt environmentally friendly practices are gaining traction, further enhancing the appeal of minor ports. The use of renewable energy sources, efficient waste management systems, and measures to minimize air and water pollution are becoming integral to the operations of minor ports, aligning them with global sustainability standards.

The dominance of the Minor Ports type in the India ports infrastructure market is driven by strategic government initiatives, the flexibility and adaptability of minor ports, active private sector participation, strategic location advantages, and a focus on environmental sustainability. These factors collectively enhance the role and significance of minor ports in the maritime and logistics landscape of India, positioning them as crucial players in the overall development and modernization of the country's port infrastructure. As these trends continue to evolve, minor ports are expected to maintain their dominant position and contribute significantly to India's economic growth and trade efficiency.

Key market players in the India Ports Infrastructure Market include:

• GVK Power and ­Infrastructure Ltd
• Larsen & Toubro Ltd
• SKIL Infrastructure Ltd
• Infrastructure Leasing & Financial Services Limited
• Afcons Infrastructure Limited
• Shapoorji Pallonji & Company Private Limited
• JSW Infrastructure Ltd
• Adani Ports and Special Economic Zone Limited (APSEZ)
• Essar Ports Limited
• DP World Private Limited and Karaikal Port Private Limited.

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“India is anticipated to have the ports infrastructure market's quickest growth throughout the anticipated timeframe. Marine transport accounts for over 95% of India's trade in terms of volume and 70% of its trade in terms of value. A number of government-sponsored programs and policies, including the Coastal Berth Scheme and Sagarmala Program, among others, will aid market expansion in the upcoming years. Therefore, these factors are likely to boost the growth of the India Ports Infrastructure market in the upcoming years,” said Mr Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Ports Infrastructure Market By Type (Major Ports and Minor Ports), By Commodity (Liquid, Bulk, Containerized and Others), By Construction Type (Terminal, Equipment and Others), By Application (Passenger and Cargo), By Region, Competition Forecast & Opportunities, 2030,” has evaluated the future growth potential of India Ports Infrastructure Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the India Ports Infrastructure Market.

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