- The Shipping sector plays a crucial role in its overall trade and growth, with 95% of the country’s trade volume and 65% of the trade value being undertaken through maritime transport.
- India has over 5,000 Km of navigable inland waterways under development and has increased the modal share of cargo from 0.5% to 2% and has witnessed 19% year-on-year growth in car-go volumes over the last 5 years.
- 34 PPP projects with an investment of USD 3.05 Bn involving capacity addition of 300 Million Tonnes Per Annum (MTPA) are under operations.
- 13 PPP projects with an investment of USD 978.3 Mn involving capacity addition of 140 MTPA are under implementation.
- There are 20 captive projects with an investment of USD 713.8 Mn involving capacity addition of 142.45 MTPA under operation and 7 captive projects with an investment of USD 930.5 Mn involving capacity addition of 55 MTPA is under implementation.
- Eight times increase in capacity at major ports to 1,535 MTPA in FY 2019-20 from 172.59 MTPA in FY 1993-94.
- In FY 2020, major ports in India handled 704.82 Million Tonnes (MT) of cargo traffic, implying a CAGR of 2.74% during FY 2016-20
- As per Union Budget FY 2020–21, the total allocation for the Ministry of Ports, Shipping 7 Waterways stands at INR 1,800 Crore (USD 257.22 Mn)
- Trade will boost demand for containers. In FY 20, container traffic in India (for major ports) reached 9.98 TEUs, implying a growth of 1.12% YoY
- Infrastructural development will increase demand for iron and steel. In FY20, iron ore traffic at major ports reached 54.99 MT
- 118 maritime projects requiring USD 7.7 Bn investment have been approved in the last four years.
Under Sagarmala Programme, USD 123 Bn would be invested across 415 projects across the following identified components:
- Port Modernization and New Port Development
- Port Connectivity Enhancement
- Port-Linked Industrialization
- Coastal Community Development