According to www.techsciresearch.com report “India Port Infrastructure Market By Type, By Cargo, Forecast & Opportunities, 2011 - 2025”, ports infrastructure market in India is projected to grow at a CAGR of over 9% during 2016-2025.
Report URL:- https://www.techsciresearch.com/report/india-port-infrastructure-market-by-type-major-and-minor-ports-by-end-user-cargo-passenger-by-region-forecast-opportunities-2025/786.html
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India Port Infrastructure Market Forecast 2025 - brochure
1. M a r k e t . I n t e l l i g e n c e . E x p e r t s
India Port Infrastructure Market
By Type (Major Ports and Minor Ports),
By Cargo (Export and Import),
Forecast & Opportunities, 2011 - 2025
12. I n d u s t r y B r i e f
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India Port Infrastructure Market to Grow at CAGR 9% till 2025
According to TechSci Research report “India Port Infrastructure Market By Type, By Cargo, Forecast and
Opportunities, 2011 - 2025”, India port infrastructure market is projected to grow at a CAGR of over 9% during 2016-
2025, on account of heavy funding pertaining to development of ports and related infrastructure such as connecting
roads, railways and Coastal Economic Zones. Additionally, National Perspective Plan of the government envisaged an
investment of USD10.51 billion for development of ports. Additionally, government’s focus on ease of doing business
such as allowing 100% FDI under automatic route for projects related to construction and maintenance of ports and
harbors provides a promising outlook for future development and growth of port infrastructure market in India.
Major ports, owned by central government, dominated India ports infrastructure market in 2015. However, the trend
is anticipated to change and minor ports are projected to dominate India port infrastructure market through 2025, as
these ports are strategically located to optimize cargo through put and are well connected by roads and railways. This
makes minor ports economically viable for cargo handling and trade. Additionally, involvement of international private
players at these ports also provides minor ports with a competitive edge pertaining to implementation of best
practices and latest technologies. In FY2015, import traffic at Indian ports accounted for a volume share of over 66%
of total international trade. Growing government focus on improving trade through waterways is projected to augur
well for India port infrastructure market in the coming years.
‘‘Indian ports are witnessing a paradigm shift from being underutilized and congested to modernized and smart due
to implementation various government initiatives. The current situation of ports in India offers a substantial
opportunity for development of ports and connecting infrastructure. Ministry of Shipping announced plans to develop
Costal Economic Zones around major ports to provide impetus to ‘Make in India’ initiative and promote port-led
industrialization. In 2015, the ministry identified 14 coastal economic zones under National Perspective Plan of
Sagarmala with massive coastline of 7,517 kilometers and Inland waterways of 14,500 kilometer, ports present
tremendous potential for transport of commodities. "said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
14. R e p o r t O r d e r i n g
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India Port Infrastructure Market By Type, By Cargo, Forecast &
Opportunities, 2011 - 2025
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