Date: 23/02/2024

Private, state ports’ grow faster 

India’s private and state government-owned ports (non-major ports) continued to grow faster than those owned by the Centre (Major Ports) through the first three quarters of 2023-24, cargo handling data shows. At 604 million metric tonnes (mmt), cargo at Major Ports grew by 5 per cent between April and December, while non-major ports’ cargo traffic growth was 11 per cent at 531 mmt. During December 2023, Major Ports handled cargo volumes of 69.9 mmt, a year-on-year (Y-o-Y) growth of 0.7 per cent. At the same time, non-major ports handled volumes of 58.1 mmt, up 8.1 per cent over the previous year. While there was a 3.3 per cent growth in overseas cargo handled at Major Ports during the month, a nearly 8 per cent decline in coastal cargo (at 15 mmt) impacted the overall cargo volumes, as per a report.
Source: Exim News Service: New Delhi, Feb. 22