India’s major ports handled their highest-ever cargo of 795 million tons in FY23

India’s major ports handled the highest-ever cargo in 2022-23, at 795 million tonnes, Minister for Ports, Shipping and Waterways Sudhansh Pant said on Friday. Pant further said that the Ministry of Shipping exceeded its monetization target of about Rs 3,700 crore for FY23 with transactions worth about Rs 5,000 crore.

He also said that Minister for Ports, Shipping and Waterways Sarbananda Sonowal will introduce “Green Port” policies next week to make India’s ports green.

“Our major ports handled the highest cargo in port history at 795 million tons. That’s 10 percent more than last year,” he told PTI.

India has 12 major ports – Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (VO Chidambaranar), Visakhapatnam, Paradip and Kolkata (including Haldia) and Jawaharlal Nehru Port.

“Four or five of the major ports including Syama Prasad Mookerjee Port (Kolkata), Deendayal (Kandla), Jawaharlal Nehru Port and Paradip have recorded the highest cargo ever,” Pant added.

He also pointed out that after many years, the big ports had a higher annual growth rate than the smaller ports.

Non-major ports are managed by state governments. Many state governments have leased such ports to private partners.

“So this year (2022-23), the large ports achieved an overall growth of 10.4 percent, while the non-large ports achieved a growth of 1.5 to 2 percent less,” he said.

While major ports accounted for 54 percent of total cargo in FY22 and non-major ports accounted for 46 percent, the major ports’ share increased to 55 percent and non-major ports’ share to 55 percent and 45 percent respectively in FY23, according to Pant.

“Even a shift of 1 percent is a very significant achievement for big ports because despite so many challenges, they have increased their share by 1 percent,” he said.

Pant also said inland waterways increased their cargo throughput by 16 percent from 109 million tons in 2021-22 to 126 million tons in 2022-23.

He said turnaround time in major ports has decreased by 3-4 hours to 48-49 hours.

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