With 3% cargo traffic growth, ports prepare to meet FY18 target volumes

Mumbai Port turns agile, Paradip takes to innovation

The cargo traffic growth of 3.64 per cent during April-December has prompted 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 the data put out by Indian Port Association (IPA), the country's 12 major ports handled 499 million tonne cargo during the nine months compared to 481 million in the corresponding period last year. While major ports, such as Paradip and Cochin, continued to remain strong volume contributors, port entities like Mumbai Port and Mormugao were in