Seven major ports post 3.24% growth during Apr-Sep

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SME Times News Bureau | 12 Oct, 2017
Seven major ports of the country, including Paradip, Chennai, Cochin and New Mangalore, recorded a growth rate of 3.24 percent during April-September 2017, an official statement said on Wednesday.

The ports recording a growth of 3.24 percent together handled 326.4 MT cargo during the April-September 2017 period as against 316.1 MT handled during the corresponding period last year.

The other ports are Port of Kolkata, Mumbai Port and Jawaharlal Nehru Port, near Mumbai.

The highest growth was registered by Cochin Port (19.62 percent) as compared to the corresponding period previous year, followed by Kolkata (including Haldia), New Mangalore and Paradip.

Cochin Port's growth was mainly due to increase in traffic of port of lading (POL) by around 28 percent and Containers by over 10 percent.

"In Kolkata Port, overall growth (over the same period year before) was positive -- 11.95 percent. Kolkata Dock System (KDS) registered traffic growth of 0.72 percent. Haldia Dock Complex (HDC) registered positive growth of 17.74 percent," the statement said.

According to the government, during the period April to September 2017, Kandla Port handled the highest volume of traffic at 53.29 MT (16.33 percent share), followed by Paradip at 47.61 MT (14.59 percent share).

"Out of the total traffic volume, JNPT had 32.69 MT (10.02 percent share), Mumbai 31.23 MT (9.57 percent share) and Visakhapatnam 30.15 MT (9.24 percent share). Together, these five ports handled around 60 percent of the major port traffic," said the statement.

It said that commodity-wise percentage share of POL was the maximum 34.01 percent, followed by container (20.22 percent), and thermal and steam coal (12.66 percent).

"Growing ports are becoming catalysts for shaping the Prime Minister's vision of a 'New India'," Union Minister for Shipping and Water Resources Nitin Gadkari said in the statement.

"The government is committed towards inclusive development to generate continuous growth and prosperity. Timely delivery of projects will help give the much-needed boost to the economy," he added.