India, Feb. 13 -- The Government of India has issued a release:
The cargo handled by Major Ports has increased from 581.34 million metric tonnes (MMT) in Financial Year (FY) 2014-15 to 854.86 MMT in FY 2024-25. During the same period, the cargo handled by Other Than Major Ports (OTMPs) increased from 470.89 MMT to 742.41 MMT. Therefore, during FY 2024-25, the Major Ports account for 53.52% of the total cargo handled in the country, and thus remain a dominant player in the sector.
The policy reforms in the Ports, Shipping and Waterways sector have focused on the creation of a level playing field through open competition and transparent auction methodology, which allows all market players to freely compete for terminals, berths, facilities,...