Indian Shipping Industry


Indian Shipping Industry INDIAN SHIPPING INDUSTRY AT A GLANCE IN 2014 - 2015 Indian Shipping Industry

Cargo traffic, which was 976 million metric tonnes (MMT) in 2012 is expected to reach 1,758 MMT by 2017. The Indian ports and shipping industry plays a vital role in the Indian Economy. India currently ranks 16th among maritime countries, and boasts a coastline of about 7,517 km.

Around 95 per cent of India's trade by volume and 70 per cent by value takes place through maritime transport, according to the Ministry of Shipping.The capacity of all major ports as on March 31, 2014 was 800.52 MMT against cargo traffic of 555.54 MMT handled in 2013-14.

Container-handling in 2014 expanded 7.15 percent to 7.25 million from 6.77 million TEUs in the same period of 2013-14. Containerized cargo tonnage grew 4.4 percent to 109 million tons from 104 million tons.The Indian ports sector received FDI worth US$ 1,637.30 million in the period April 2000-February 2015, as per the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry.

Indian Shipping Industry in 2014-2015
The ports sector was also awarded 30 projects in FY14, investing over Rs 20,000 crore (US$ 3.16 billion) which is a threefold increase over the preceding year.

In FY14, coal cargo traffic grew by 20.6 per cent to 104.5 MT from 86.7 MT in FY13.

Indian Shipping Industry   INDIAN Shipping INDUSTRY AT A Glance IN 2012 - 2013

Indian Shipping Industry   INDIAN Shipping INDUSTRY AT A Glance IN 2011 - 2012

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