Market share of major ports in import of fertilisers has witnessed an upsurge after a period of six years.
"The turnaround came in financial year 2014-15, when the market share of the major ports in handling fertilisers rose to 26.93 per cent.
"It has witnessed further boost in financial year 2015-16 (till September) where the market share of major ports jumped by 4.67 per cent to 31.06 per cent," an official statement said.
In financial year 2008-09, the market share of major ports in handling fertiliser was 67.30 per cent which declined over the next few years.
It was lowest in financial year 2013-14, when the market share of major ports declined to 25.38 per cent.
"The increase in share of major ports can be attributed to the increase in productivity and efficiency of major ports, faster turnaround time and policy changes initiated by the Ministry of Chemical and Fertilizers on the hinterland transport of fertiliser," the statement said.
All these policy changes have been initiated at the behest of Ministry of Shipping, the statement said, adding that the effort has been to ensure efficient handling of fertiliser import to reduce landed cost of fertiliser at its destination.
