Article Dated: 8/15/2006
NEW DELHI—Due to growing maritime trade, India’s shipping ministry plans to more than double the current cargo handling capacity of ports from 676 million tons to 1,500 million tons over the course of the next five years, reports Indian news source, Financial Express.
Currently, there are 12 major Indian ports that handle 75 percent of the trade, and 187 non-major ports that handle the remainder of the trade.
The committee on infrastructure, chaired by Prime Minister Dr. Manmohan Singh, has emphasized the need for large investments in the port infrastructure as merchandise exports are projected to grow at over 13 percent per annum.
The ministry intends to increase capacity by upgrading old ports, setting up new ports, upgrading deepening channels, increasing and strengthening hinterland connectivity, and improving logistical services.
In addition to the new ports at Gangavaram (Andhra Pradesh), Vizhinjam (Kerala), Kolachal (Tamil Nadu), a large number of ports have been identified in Gujarat, Orissa, and West Bengal.