India’s major ports record FY23 highest cargo ever at 795 tons

India’s major ports handled their highest-ever cargo of 795 million tons in FY23, an increase of over 10 percent from a year earlier, Union Minister for Ports, Shipping and Waterways Sabananda Sonowal said on Friday.

According to him, India’s major ports recorded the highest throughput in the past fiscal year at 17,239 tons per day, a 6 percent year-on-year growth. A total of 21,846 ships were handled by them.

The Jawaharlal Nehru Port Trust (JNPT) had handled a record 6 million TEU (twenty equivalent units), the highest among other ports.

Major ports in the country include: Syama Prasad Mookherjee Port (formerly Kolkata Port Trust), Paradip, Vishakhapatnam, Kamarajar (or Ennore Port), Chennai, VO Chidambaranar, Cochin, New Mangalore, Mormugao, Mumbai, Jawaharlal Nehru Port Authority (JNPA ) and Deendayal.

“The maritime segment accounts for 95 percent of the country’s trade volume and 70 percent of its value,” Sonowal said while speaking at an event organized by FICCI.

The fleet of Indian flag vessels increased from 1,205 in 2014 to 1,526 in FY23.

The center also invested in rolling out data analytics, machine learning and artificial intelligence to ports.

The country’s exports rose about 6 percent to a “record” $447 billion in 2022-23, driven by healthy growth in outbound shipments from the petroleum, pharmaceutical and chemical, and shipping sectors.

Speaking about increasing opportunities in the inland waterway segment, the minister said that in FY23 freight traffic was 125 million tons, up 681 percent from 2014 when it was “only” 16 million tons.

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