With the year coming to an end, it is important to acknowledge the impressive performance of the Indian Port Sector in the year gone by. Under the National Perspective Plan for Sagarmala, six new mega ports will be developed in the country. The performance of the Shipping and Ports sector significantly affects the economic health of the country. During FY18, cargo traffic at major ports in the country was reported at 679.36 million tonnes (MT). In April-August 2018, traffic at major ports increased 5.13 per cent year-on-year to 288.38 million tonnes. The major ports had a capacity of 1,452 million tonnes by FY18 end.
The Government has taken consistent steps and implemented numerous initiatives to achieve this. Mr. Neeraj Bansal, acting Chairman of Government-owned Jawaharlal Nehru Port Trust (JNPT), has been a driving force behind the initiatives taken and the aforementioned growth achieved by the Indian Port Industry. He belongs to the Indian Revenue Service 1994-Batch and has worked in Income Tax Department across the country.
According to the Rotary Club, in its citation, “Shri Bansal has spearheaded the innovative efforts in JNPT in enhancing the ‘Ease of Doing Business’ initiatives and his leadership has resulted in JNPT achieving global benchmarks in productivity and ease of business in a short span of three years.” He was felicitated, along with other prominent personalities for their contribution in Public Service by the Rotary Club of Bombay Central this year. He was also honored with ‘Indian Maritime Port Personality of the Year’ award for his significant contribution to JNPT for making the organization customer-driven and achieving significant growth on a year-on-year basis.
JNPT has been bestowed with “Container Port of the Year” at the Gateway Awards 2018 for the improvement in operational flow, performance efficiency achieved in the financial year 2018. Following are some of the essential and noteworthy initiatives taken this year:
Increasing investments and cargo traffic point towards a healthy outlook for the Indian ports sector. The central government has laid great emphasis on port-led growth and is encouraging major ports to implement capacity addition and efficiency improvement measures aimed at reducing logistics costs to industry. Port-led economic growth will both bring benefits to exim trade as well as contribute to the overall growth of the economy. The capacity addition at ports is expected to grow at a CAGR of 5-6 per cent till 2022, thereby adding 275-325 MT of capacity. India’s cargo traffic handled by ports is expected to reach 1,695 million metric tonnes by 2021-22, according to a report of the National Transport Development Policy Committee. The performance of the Indian Port sector has been remarkable and with the initiatives taken, the future looks promising.
Source: Kavita Mishra/ TST NewsdeskPrevious Next
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