Mumbai: A report by Ernst & Young titled 'Transforming Indian Ports into World Class Facilities' has said that the ports are running at nearly their full designed capacity, writes American Shipper.
The report stated that the ports are currently running at 90% of their capacity and need better information technology systems to handle current throughput, much less the volumes projected over the next five years.
Though India is planning to double its port capacity over the next five years, the report is said to suggest that this increase may not be enough to stop the port congestion issue from hindering India's growth.
The authors also said that increased privatization is a must to cope with India's 12% year-on-year cargo volume growth. [14/05/08]
Copyright © 2023. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
