Cargo handling at ports up 3.5% CAGR – Sonowal

The cargo volumes handled at the Indian ports has increased to 819.23 million tonnes in FY 2023-24 from 581.34 million tonnes in 2014-15, at a compound annual growth rate (CAGR) of 3.5 per cent, Sarbananda Sonowal, Minister of Ports, Shipping and Waterways, mentioned in a written reply to Rajya Sabha. The growth in cargo volumes is majorly contributed by dry bulk cargo (44.04 per cent) and liquid bulk cargo (33.8 per cent). The infrastructure development of major ports is in process, which involves the establishment of new berths and terminals, renovation of existing berths and terminals, deepening of drafts for attracting large vessels and road and rail connectivity development, he added.