{"id":43401,"date":"2025-05-15T20:55:52","date_gmt":"2025-05-15T15:25:52","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=43401"},"modified":"2025-05-15T20:56:22","modified_gmt":"2025-05-15T15:26:22","slug":"india-major-ports-achieve-historic-milestones-fy-2024-25","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/15-05-2025\/india-major-ports-achieve-historic-milestones-fy-2024-25","title":{"rendered":"India\u2019s Major Ports Achieve Historic Milestones in FY 2024-25"},"content":{"rendered":"\n<p><strong>Syllabus: GS3\/Economy<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Context<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>In FY 2024-25,<\/strong> Major Ports registered<strong> an impressive annual growth rate of 4.3% in cargo handling,<\/strong> increasing from 819 million tonnes in FY 2023-24 to ~855 million tonnes in FY 2024-25.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Average Turnaround Time (TRT)<\/strong> improved by<strong> 48%, <\/strong>reducing from 96 hours in FY 2014-15 to <strong>49.5 hours in FY 2024-25.<\/strong><\/li>\n\n\n\n<li><strong>Major Ports&#8217; financial performance <\/strong>has been equally impressive, with<strong> total income more than doubling<\/strong> over the past decade, registering a 7.5% CAGR over 10 years.\u00a0<\/li>\n\n\n\n<li><strong>Operational efficiency also improved significantly, <\/strong>with the operating ratio declining from 64.7% in FY 2014-15 to 42.3% in FY 2024-25.<\/li>\n\n\n\n<li><strong>Private sector participation has been instrumental <\/strong>in this transformation, with investments in PPP projects at Major Ports increasing <strong>threefold<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>India\u2019s Port Sector<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India has <strong>major ports<\/strong> (central government controlled) and <strong>minor ports<\/strong> (state government controlled).\n<ul class=\"wp-block-list\">\n<li><strong>13 <\/strong>Major Ports<\/li>\n\n\n\n<li><strong>217 <\/strong>Non-major (Minor\/Intermediate) Ports<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The ports are managed by the <strong>Ministry of Ports, Shipping and Waterways<\/strong>.<\/li>\n\n\n\n<li><strong>Strategic Position:<\/strong> Located along the world&#8217;s busiest shipping routes, India is a key trading hub and a rising global power.<\/li>\n\n\n\n<li><strong>India\u2019s Maritime Sector Overview<\/strong>: Handles 95% of India\u2019s trade by volume and 70% by value, with port infrastructure critical to the economy.<\/li>\n\n\n\n<li><strong>Port Ranking Improvement:<\/strong> India\u2019s port ranking improved from <strong>54th in 2014 to 38th in 2023, <\/strong>with <strong>nine Indian ports now in the top 100 globally.<\/strong><\/li>\n\n\n\n<li><strong>Growth in Cargo-handling:<\/strong> Between 2014-15 and 2023-24, major ports increased their annual cargo-handling capacity by 87.01%.<\/li>\n\n\n\n<li><strong>Maritime Sector&#8217;s Importance: <\/strong>India is the <strong>16th-largest maritime nation<\/strong>, occupies a key position in global shipping, with major trade routes passing through its waters.<\/li>\n\n\n\n<li><strong>Future Goals: <\/strong>India has outlined investments of <strong>US$ 82 billion in port infrastructure projects by 2035 <\/strong>to bolster the maritime sector.\n<ul class=\"wp-block-list\">\n<li>India plans to establish a new shipping company to <strong>expand its fleet by at least 1,000 ships within a decade.\u00a0<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Challenges\u00a0<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Infrastructure Gaps:<\/strong> Inadequate port infrastructure and outdated facilities at some ports, limiting capacity and efficiency.<\/li>\n\n\n\n<li><strong>Congestion:<\/strong> High traffic volumes at major ports leading to delays, increased turnaround times, and reduced productivity.<\/li>\n\n\n\n<li><strong>Environmental Concerns:<\/strong> Pollution and sustainability issues, including emissions from ships and port operations.<\/li>\n\n\n\n<li><strong>Logistics Bottlenecks:<\/strong> Inefficient transport connectivity between ports, roads, and railways, impacting smooth cargo movement.<\/li>\n\n\n\n<li><strong>Global Competition:<\/strong> Rising competition from other global maritime hubs, necessitating continuous investment and modernization.<\/li>\n\n\n\n<li><strong>Port Security:<\/strong> Ports are vulnerable to smuggling, piracy, and terrorism. Security infrastructure is often inadequate.<\/li>\n\n\n\n<li><strong>Cybersecurity: <\/strong>Increasing digitalization also raises concerns about cyber threats to port operations.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Initiatives by Government<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Sagarmala Programme: <\/strong>Focuses on leveraging India\u2019s coastline and of navigable waterways.\n<ul class=\"wp-block-list\">\n<li>Supports port infrastructure, coastal development, and connectivity.<\/li>\n\n\n\n<li>Financial aid for projects like coastal berths, rail\/road connectivity, fish harbours, cruise terminals.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Maritime India Vision 2030 (MIV 2030): <\/strong>Aiming for India to become a top 10 shipbuilding nation by 2030 and create a world-class, efficient, and sustainable maritime ecosystem.\n<ul class=\"wp-block-list\">\n<li>Includes 150+ initiatives across ten key maritime sectors.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Inland Waterways Development: <\/strong>26 new national waterways identified by the Inland Waterways Authority of India (IWAI).\n<ul class=\"wp-block-list\">\n<li>Provides alternative, sustainable transport, easing road\/rail congestion.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Green Tug Transition Program (GTTP): <\/strong>Aims to replace fuel-based harbour tugs with eco-friendly, sustainable fuel-powered tugs.\n<ul class=\"wp-block-list\">\n<li>Transition to be completed by 2040 across major ports.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Sagarmanthan Dialogue: <\/strong>An annual maritime strategic dialogue to position India as a global center for maritime conversations.<\/li>\n\n\n\n<li><strong>Maritime Development Fund: <\/strong>\u20b925,000 crore fund for long-term financing to modernize ports and shipping infrastructure, encouraging private investment.<\/li>\n\n\n\n<li><strong>Shipbuilding Financial Assistance Policy (SBFAP 2.0): <\/strong>Modernized to help Indian shipyards compete with global giants.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Way Ahead<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India\u2019s Major Ports are now poised to take their competitiveness to the next level, supported by continuous investment in mechanisation, process reengineering, port community systems, and multi-modal logistics integration.\u00a0<\/li>\n\n\n\n<li>These initiatives have resulted in higher cargo volumes, reduced vessel wait times, optimized capacity utilization, and increased investor confidence.<\/li>\n\n\n\n<li>As India expands its global trade footprint and modernises logistics infrastructure, FY 2024-25 stands as a testament to the Ministry\u2019s strategic vision and collaborative efforts of public authorities and private stakeholders.\u00a0<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2128329\" rel=\"nofollow noopener\" target=\"_blank\"><strong>PIB<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<h3><strong>Context<\/strong><\/h3>\n<li class=\"ms-5\">In FY 2024-25, Major Ports registered an impressive annual growth rate of 4.3% in cargo handling, increasing from 819 million tonnes in FY 2023-24 to ~855 million tonnes in FY 2024-25.<\/li>\n<p><\/p>\n<h3><strong>About<\/strong><\/h3>\n<li class=\"ms-5\">Average Turnaround Time (TRT) improved by 48%, reducing from 96 hours in FY 2014-15 to 49.5 hours in FY 2024-25.<\/li>\n<li class=\"ms-5\">Major Ports&#8217; financial performance has been equally impressive, with total income more than doubling over the past decade, registering a 7.5% CAGR over 10 years.\u00a0<\/li>\n<li class=\"ms-5\">Operational efficiency also improved significantly, with the operating ratio declining from 64.7% in FY 2014-15 to 42.3% in FY 2024-25.<\/li>\n<li class=\"ms-5\">Private sector participation has been instrumental in this transformation, with investments in PPP projects at Major Ports increasing threefold.<\/li>\n<p><a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/15-05-2025\/india-major-ports-achieve-historic-milestones-fy-2024-25\" class=\"btn btn-primary btn-sm float-end\">Read\u00a0More<\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-43401","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/43401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=43401"}],"version-history":[{"count":3,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/43401\/revisions"}],"predecessor-version":[{"id":43425,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/43401\/revisions\/43425"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=43401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=43401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=43401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}