Record Growth in India’s Maritime Sector Under PM Modi’s Infrastructure Initiatives

The cargo handling capacity of the major ports has increased by 86% in the last 9 years
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Under the leadership of PM Narendra Modi, the maritime sector has experienced remarkable growth and development through infrastructure shaping. In May of this year, major ports in India handled a total of 68.06 million tons (MT) of cargo, marking a 3.2% increase from the previous year, according to the Indian Ports Association (IPA). This surpassed the 65.94 MT of cargo handled in May 2022.

Syama Prasad Mookerjee Port (SMP) and Kolkata Port, including Haldia, saw the highest year-on-year growth in cargo at 10.01% in May. This was followed by Visakhapatnam Port with 9.61% growth, Mormugao Port with 9.43% growth, and Paradip Port with 7.77% growth.

While Paradip Port experienced a growth rate of 7.77%, other ports such as JNPA, Cochin Port, New Mangalore Port, and Mumbai Port also recorded positive growth rates in May 2023 compared to the previous year. However, Kamarajar Port, Deendayal Port, Chennai Port, and V O Chidambaranar Port witnessed negative growth, with Kamarajar Port having the highest decline of 8.75% in cargo traffic during the reporting month compared to May 2022.

With the effective leadership of PM Modi, the maritime sector in India has undergone significant progress. Major ports have witnessed substantial growth in cargo traffic, handling millions of tons. These positive developments are further enhanced by the impressive advancements seen in ports such as SMP, Kolkata Port, and Visakhapatnam Port. However, there are certain ports that experienced a decline in cargo traffic, demonstrating the varied performance of different ports in the country. Overall, the strong focus on improving infrastructure has greatly contributed to the growth and development of the maritime sector in India.

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