Press Release

West Coast Continues to be Major Demand Generating Region in India Ports Infrastructure Market

Growing technological advancements along with favorable government initiatives towards sea transport to boost India ports infrastructure market through 2024

According to TechSci Research report India Ports Infrastructure Market By Type, By Commodity, Competition, Forecast & Opportunities, 2014 - 2024’’, India ports infrastructure market is anticipated to be driven by rising number of developments at major ports and growing trade among nations, which can be attributed to the country’s growing manufacturing sector and rapid urbanization. Few major companies operating in India ports infrastructure market include Adani Ports and Special Economic Zone Limited (APSEZ), Essar Ports Limited, DP World Private Limited, Krishnapatnam Port Company Limited (KPCL), and Shipping Corporation of India Limited, among others. On the basis of type, India ports infrastructure market is categorized into major ports and minor ports. The India ports infrastructure market is primarily dominated by the major ports, which are Government Undertakings. In 2018, major ports segment accounted for the majority volume share, and the segment is likely to maintain its dominance throughout the forecast period as well on account of more traffic handling capacity and geographic location of major ports.

Browse 19 market data Tables and 116 Figures spread through 133 Pages and an in-depth TOC on "India Ports Infrastructure Market"

The year 2018 witnessed growth of India ports infrastructure market owing to initiatives such as Make In India and Sagarmala, and growth in the country’s manufacturing sector. Moreover, India is not only increasing its coastal trade but also attracting overseas trade by improving the trade policies and regulations. For instance, in May 2018, Ministry of Shipping, India announced the relaxation in Cabotage law in particular for animal husbandry, fisheries, horticultural, and agricultural commodities.

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“Heavy investments in liquid and container handling terminals, and development of coastal economic zones (CEZs) and inland water transport (IWT) sector are the major factors driving India ports infrastructure market. For instance, in 2018, Kolkata-Patna Inland Waterway on National Waterway-1 (NW-1) became the second containerized IWT after handling 16 TEUs of containerized cargo. Moreover, technological advancements along with rising focus on modernization and capacity enhancement are further anticipated to positively influence India ports infrastructure market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Ports Infrastructure Market By Type, By Commodity, Competition Forecast & Opportunities, 2014 – 2024” has evaluated the future growth potential of India ports infrastructure market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India ports infrastructure market.

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India Ports Infrastructure Market By Type (Major Ports and Minor Ports), By Commodity (Liquid, Bulk, Containerized and Others), By Construction Type (Terminal, Equipment and Others), By Application (Passenger and Cargo), By Region, Competition Forecast & Opportunities

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