Exim

NEWS DETAILS

Date: 06/05/2024

Private ports outshine in FY24

India’s private ports continued to outperform those owned by the central government in 2023-24, registering double-digit growth compared to 4.45 per cent growth for the Major Ports, according to Ministry of Ports, Shipping and Waterways data. At 721 million tonnes (mt), non-major ports saw their cargo increase by 11.18 per cent year-on-year in the previous financial year. The Major Ports handled 818 mt. The growth for non-major ports was primarily led by thermal coal, which accounted for 7 per cent of their total volume. At 51 mt, thermal coal cargo grew by 53 per cent in the previous financial year. Iron ore grew by 44 per cent in FY24, as per a report.

Source: Exim News Service: New Delhi, May 5