IBEF India
on May 15, 2024
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India's maritime industry is crucial, handling 95% of the country's trade by volume. Key developments include significant investments in port projects, with $82 billion planned by 2035, and substantial government initiatives from the Ministry of Ports Shipping and Waterways to improve infrastructure. Major ports in India such as Kolkata, Paradip, and Jawaharlal Nehru Port Trust (JNPT) play vital roles. The Sagarmala project aims to enhance port-led development, while policies support foreign direct investment and modernization efforts. Increased cargo traffic and investment indicate robust growth prospects for India's ports sector.
For more info on the #largestportinindia, visit the India Brand Equity foundation website https://www.ibef.org/industry/ports-india-shipping
#ports #indianports #portsinindia #portinfrastructure #ministry_of_ports_shipping_and_waterways
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