Predicted Growth for India Ports Infrastructure Market, Expected to Reach billions by 2018-2028
Increasing government spending on port infrastructure and the latest initiatives by the union government such as “Sagarmala” to drive the Ports Infrastructure Market across India According to TechSci Research report, “ India Ports Infrastructure Market - By Region, Competition Forecast & Opportunities, 2028,” the India Port Infrastructure Market is expected to grow in the upcoming years and maintain a high CAGR owing to various government initiatives for instance, Sagarmala Program, Blue revolution among others. For India to enhance its export volume through maritime commerce, port infrastructure development is essential and of utmost importance. Approximately 95% of India's trade, measured in volume and 70% in value, is carried out by sea transport, according to the Ministry of Shipping. India also has 205 designated small and intermediate ports, in addition to 12 large ports. The National Perspective Plan for Sagarmala calls for the constructio...