Major ports redefine strategies to meet target volumes, boost revenues

Mumbai port turns agile, Paradip takes to innovation

Cargo traffic growth of 3.64 per cent during April-December has prompted the country’s major ports to either redefine their business strategies or iron out glitches within business operations in order to become strong revenue generators and not just remain plain volume contributors.
 
According to data put out by the Indian Port Association (IPA), the country’s 12 major ports handled 499 million tonnes of cargo during the nine months compared to 481 million in the corresponding period a year ago. While the ports at Paradip and Kochi continued to remain strong volume contributors, the ports at Mumbai and Mormugao were