Indian Ports: Changing Dynamics & Key Drivers For Growth
India’s Port Capacity Set To Swell Amidst Trade Growth
The port sector has been able to retain the momentum in activity despite the disruptions on account of the pandemic. The Indian ports have shown significant improvements in terms of increased draught levels, better utilisation of IT infrastructure, enhanced mechanisation and digitalisation, and reduction in congestion and waiting period at ports. In addition, substantial emphasis has been laid on the movement of containers resulting in dwell time reduction.
Expanding Capacity and Improving Operational Efficiency
The Maritime Vision 2030 estimates that major ports alone need to add about 423 mt of capacity at an investment of over Rs 334 billion. Further under the Sagarmala programme 373 projects entailing an investment of about Rs 4 trillion are being implemented for port capacity development. The National Monetisation Pipeline has also highlighted a pipeline of assets worth Rs 144 billion. An array of Indian port projects, approved recently via public-private partnerships, will add significant container and general cargo-handling capacity as policymakers and industry stakeholders hold a bullish view on the country’s long-term export outlook. Clearly, the sector provides significant opportunity to all stakeholders
Experience The Future Of Ports
We invite you to be part of our two-day conference on “Indian Ports: Changing Dynamics and Key Drivers for Growth” 11-12 May 2023 in Mumbai!
The conference will look to address the trends towards making ports a catalyst for growth and the plethora of opportunities therein. Thought leaders and Port experts will analyse the key business drivers for port management and development, the port reform process in terms of port infrastructure and facilities, the impact of privatisation, traffic dynamics, the evolution of regulatory policy framework, new technology, increasing degree of specialization, rising financial stakes of port investments and the need for a highly specialized workforce among other issues.
The event under the aegis of INMEX SMM India will prove to be an important platform for the port and maritime fraternity to discuss and debate the port development process, new stakeholders, technologies, innovations for the way forward.
