Tag

Ports & Shipping

6 articles
Government initiatives are accelerating the modernization and expansion of India’s ports and shipping sector. Cargo volumes on national waterways reached 218 million metric tons, supported by new incentives, while major ports have improved turnaround times, enhancing operational efficiency. Further bolstering this trend, the Union Budget prioritizes coastal shipping and waterways, aiming for a 12% modal share by 2047, and the Sagarmala Startup and Innovation Initiative is fostering a new wave of maritime technology solutions. These developments, alongside JSW Infrastructure’s recent strong performance, suggest continued growth potential within the sector, though successful implementation of expansion projects and technological advancements will be key to realizing long-term ambitions.
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